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Apartments for Rent in Carmel, IN under $1200

Apartments for Rent in Carmel, IN under $1200. 134 Rentals Available
134 Rentals Available

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  • Rent specials 11 units available
    1 bd $1,010
    2 bd $1,200+
    Base rent
    Verified Listing

    4.5 (4)
    1010 Clubhouse Ct, Carmel, IN 46032
    Apply online • Pet friendly • Parking
  • 1640 Barn - Axos Bank Chimera, LLC 1 Apartment for Rent
    Only 1 unit left
    1 bd $1,095
    Base rent
    1640 Barn - Axos Bank Chimera, LLC, Carmel, IN 46280
    Apply online • Pet friendly
  • More Rentals Near Carmel, IN

  • 20 units available
    1 bd $1,034+
    2 bd $1,027+
    Base rent
    Verified Listing

    4.5 (13)
    6630 Glenbrook Drive, Indianapolis, IN 46220
    Apply online • Pet friendly • Fitness center
  • 1 bd $802+
    2 bd $1,071+
    Base rent
    Verified Listing

    4.0 (31)
    951 Carlyle Lane, Indianapolis, IN 46240
    Apply online • Pet friendly • Parking
  • 6 units available
    1 bd $1,130+
    Base rent
    Verified Listing

    5.0 (9)
    9250 Evergreen Avenue, Indianapolis, IN 46240
    Apply online • Pet friendly • Parking
  • 25 units available
    1 bd $950
    2 bd $1,195
    Base rent Income restricted
    Verified Listing

    8921 Compton St, Indianapolis, IN 46240
    Apply online • Pet friendly • In unit laundry
  • Rent specials
    Studio $799+
    1 bd $1,029
    2 bd $1,099+
    Base rent
    Verified Listing

    3.5 (3)
    9000 N. College Ave, Indianapolis, IN 46240
    Apply online • Pet friendly • Patio/Balcony
  • Rent specials
    2 bd $1,195+
    Base rent
    4.5 (38)
    808 Clubhouse Drive W, Westfield, IN 46074
    Apply online • Pet friendly • Fitness center
  • Rent specials
    Studio $900+
    1 bd $980+
    2 bd $1,045+
    Base rent
    4.5 (125)
    1540 Handball Lane, Indianapolis, IN 46260
    Apply online • Pet friendly • Fitness center
  • 5 units available
    1 bd $1,186+
    Base rent
    Verified Listing

    4.5 (26)
    9280 Chelsea Village Drive, Indianapolis, IN 46260
    Apply online • Pet friendly • Fitness center
  • Rent specials
    1 bd $1,157+
    Base rent
    Verified Listing

    4.0 (9)
    10190 Allisonville Road, Fishers, IN 46038
    Apply online • Pet friendly • Pool
  • Only 3 units left
    1 bd $1,035+
    Base rent
    Verified Listing

    9414 San Miguel Drive, Indianapolis, IN 46250
    Apply online • Pet friendly • Fitness center
  • Only 1 unit left
    1 bd $1,072+
    Base rent
    Verified Listing

    4.0 (5)
    9414 San Miguel Drive, Indianapolis, IN 46250
    Apply online • Pet friendly • Fitness center
  • Rent specials 9 units available
    1 bd $1,059
    Base rent
    Verified Listing

    3.5 (5)
    1854 Century Way, Indianapolis, IN 46260
    Apply online • Pet friendly • Fitness center
  • Rent specials 8 units available
    1 bd $1,105+
    2 bd $1,065+
    Base rent
    8760 Le Mode Ct, Indianapolis, IN 46268
    Apply online • Pet friendly • Parking
  • 1 bd $1,111+
    Base rent
    Verified Listing

    1270 Sabrina Way, Westfield, IN 46074
    Pet friendly • Fitness center • Pool
  • Rent specials 6 units available
    1 bd $1,075+
    Base rent
    6401 Woods Edge N Drive, Indianapolis, IN 46250
    Apply online • Pet friendly • Parking
  • Studio $979+
    1 bd $1,079
    Base rent
    4.5 (12)
    3553 Founders Road, Indianapolis, IN 46268
    Apply online • Pet friendly • Fitness center
  • 10 units available
    1 bd $971+
    2 bd $1,096+
    Base rent Income restricted
    Verified Listing

    3.5 (14)
    7401 Merganser Drive, Indianapolis, IN 46260
    Apply online • Pet friendly • Parking
  • Rent specials 6 units available
    1 bd $929+
    2 bd $1,111+
    Base rent
    Verified Listing

    5.0 (1)
    7676 Horsetail Dr, Indianapolis, IN 46260
    Apply online • Pet friendly • Parking
  • 2 bd $620+
    Total monthly cost Income restricted
    3.5 (11)
    11245 Lantern Rd, Fishers, IN 46038
    Pet friendly • Dishwasher • Patio/Balcony
  • Only 1 unit left
    1 bd $1,150
    Base rent
    Verified Listing

    4.0 (2)
    3947 Point Bar Road, Indianapolis, IN 46268
    Apply online • Pet friendly • Pool
  • Rent specials
    1 bd $924+
    2 bd $1,108+
    Base rent
    Verified Listing

    3.5 (24)
    7503 Ivywood Circle, Indianapolis, IN 46250
    Apply online • Pet friendly • Fitness center
  • 1 bd $956+
    2 bd $1,177+
    Base rent
    Verified Listing

    5934 Carvel Avenue, Indianapolis, IN 46220
    Apply online • Pet friendly • Pool
  • 1 bd $802+
    2 bd $1,071+
    Base rent
    Verified Listing

    4.5 (25)
    2455 Rolls Drive, Indianapolis, IN 46268
    Pet friendly • Parking • In unit laundry
2-23-city



Frequently asked questions

When were prices and availability in Carmel, IN last updated?

Prices and availability in Carmel, IN were last updated on 23 Jul 2026.

What are the best apartments in Carmel, IN?
What type of rental buildings are in Carmel, IN?

In Carmel, 26% of the residents are renting compared to 74% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 19% of Carmel's rentals, 64% are small-scale complexes with under 50 units, and 16% are single-family rentals.

Renting apartments in Carmel, IN under $1,200

Searching for apartments for rent in Carmel, IN under $1,200 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Carmel, IN, where the average rent is $1,242 per month, there are 134 units available for less than $1,200. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $1,200” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Carmel, IN. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Carmel, IN going for $620 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.