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Apartments for Rent in Carmel, IN under $1200

Apartments for Rent in Carmel, IN under $1200. 129 Rentals Available
129 Rentals Available

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  • Rent specials 10 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

  • 22 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 $1,136+
    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 $1,119
    Base rent
    Verified Listing

    3.5 (3)
    9000 N. College Ave, Indianapolis, IN 46240
    Apply online • Pet friendly • Patio/Balcony
  • 2 bd $1,183+
    Base rent
    4.5 (38)
    808 Clubhouse Drive W, Westfield, IN 46074
    Apply online • Pet friendly • Fitness center
  • Studio $900+
    1 bd $972+
    2 bd $1,045+
    Base rent
    4.5 (125)
    1540 Handball Lane, 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 $1,040+
    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
  • 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
    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 5 units available
    1 bd $1,080+
    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
  • 9 units available
    1 bd $977+
    2 bd $1,108+
    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 $1,180+
    Base rent
    Verified Listing

    5934 Carvel Avenue, Indianapolis, IN 46220
    Apply online • Pet friendly • Pool
  • 2 bd $1,170+
    Base rent Income restricted
    6104 Compton Street, Indianapolis, IN 46220
    Apply online • Pet friendly • In unit laundry
  • 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 25 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.

Apartments in Carmel, IN under $1,200

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $1,200?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 129 apartments for rent in Carmel, IN on which you’ll spend less than $1,200. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $1,200

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $1,200. The average rental size in Carmel, IN is 891 Sqft, but the $1,200 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.