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Apartments for Rent in Carmel, IN under $1500


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  • Rent specials
    1 bd $1,428+
    Base rent
    Verified Listing

    Penn Circle

    4.5 (8)
    12415 N. Pennsylvania Street, Carmel, IN 46032
    Apply online • Pet friendly • Parking
  • Rent specials
    1 bd $1,254+
    Base rent
    4.0 (32)
    1411 Fairfax Manor Dr, Carmel, IN 46032
    Apply online • Pet friendly • Parking
  • 1 bd $1,288+
    2 bd $1,486+
    Base rent
    Verified Listing

    Gramercy

    4.5 (10)
    945 Mohawk Hills, Carmel, IN 46032
    Apply online • Pet friendly • Fitness center
  • Rent specials
    Studio $1,355+
    1 bd $1,414+
    Base rent
    Verified Listing

    Avant

    12890 Old Meridian Street, Carmel, IN 46032
    Apply online • Pet friendly • Parking
  • Studio $1,257+
    Base rent
    Verified Listing

    Muse Carmel

    1685 E. 116Th Street, Carmel, IN 46032
    Apply online • Pet friendly • Parking
  • Rent specials
    1 bd $1,319+
    Base rent
    Verified Listing

    Lakes Of Carmel

    3.0 (9)
    382 Arbor Dr, Carmel, IN 46032
    Apply online • Pet friendly • Parking
  • Rent specials
    Studio $1,355+
    1 bd $1,414+
    Base rent
    Verified Listing

    Avant Apartments

    4.5 (30)
    12890 Old Meridian Street, Carmel, IN 46032
    Apply online • Pet friendly • Fitness center
  • Rent specials 10 units available
    1 bd $1,395+
    Base rent
    Verified Listing

    Carmel Center

    675 Beacon St., Carmel, IN 46032
    Apply online • Pet friendly • Parking
  • Only 2 units left
    1 bd $1,010
    2 bd $1,200
    Base rent
    Verified Listing

    Carmel Woods

    4.5 (4)
    1010 Clubhouse Ct, Carmel, IN 46032
    Apply online • Pet friendly • Parking
  • 12880 University Crescent 1 Apartment for Rent
    Only 1 unit left
    1 bd $1,475
    Base rent
    4.5 (8)
    12880 University Crescent, Carmel, IN 46032
    Apply online • Pet friendly
  • More Rentals Near Carmel, IN

  • Rewards Only 2 units left
    Studio $1,383+
    Base rent
    Verified Listing

    Quarry At River North

    5.0 (4)
    8901 River Crossing Blvd, Indianapolis, IN 46240
    Apply online • Pet friendly • Parking
  • 1 bd $802+
    2 bd $1,071+
    Base rent
    Verified Listing

    Carlyle Court

    4.0 (31)
    951 Carlyle Lane, Indianapolis, IN 46240
    Apply online • Pet friendly • Parking
  • Rent specials
    Studio $1,301+
    1 bd $1,428+
    Total monthly cost
    Verified Listing

    Nook Nine

    9433 Avant Ave, Indianapolis, IN 46240
    Apply online • Pet friendly • Parking
  • Rewards 27 units available
    1 bd $1,068+
    2 bd $1,148+
    Base rent
    Verified Listing

    Ashton Brook

    5.0 (9)
    9250 Evergreen Avenue, Indianapolis, IN 46240
    Apply online • Pet friendly • Parking
  • Rewards 30 units available
    1 bd $922+
    2 bd $1,147+
    Base rent Income restricted
    Verified Listing

    Northwood On The Trail

    8921 Compton St, Indianapolis, IN 46240
    Apply online • Pet friendly • Patio/Balcony
  • Rent specials
    Studio $849
    1 bd $949+
    2 bd $1,049+
    Base rent
    Verified Listing

    The Hub At Nora

    3.5 (3)
    9000 N. College Ave, Indianapolis, IN 46240
    Apply online • Pet friendly • Patio/Balcony
  • Rent specials
    Studio $1,301+
    1 bd $1,428+
    Total monthly cost
    Verified Listing

    Nook Nine II

    9433 Avant Ave, Indianapolis, IN 46240
    Apply online • Pet friendly
  • Studio $1,310+
    1 bd $1,458+
    Total monthly cost
    Verified Listing

    Nook Nine I

    9433 Avant Ave, Indianapolis, IN 46240
    Apply online • Pet friendly
  • Studio $1,070+
    1 bd $1,264+
    2 bd $1,208+
    Base rent
    4.5 (38)
    808 Clubhouse Drive W, Westfield, IN 46074
    Apply online • Pet friendly • Fitness center
  • Rent specials
    Studio $882+
    1 bd $931+
    2 bd $1,089+
    Base rent
    4.5 (126)
    1540 Handball Lane, Indianapolis, IN 46260
    Apply online • Pet friendly • Fitness center
  • 1 bd $1,345+
    Base rent
    5.0 (4)
    3914 Lake Clearwater Place, Indianapolis, IN 46240
    Apply online • Pet friendly • Parking
  • Rent specials Rewards
    1 bd $1,188+
    2 bd $1,209+
    Base rent
    Verified Listing

    Chelsea Village

    4.5 (26)
    9280 Chelsea Village Drive, Indianapolis, IN 46260
    Apply online • Pet friendly • Fitness center
  • 5 units available
    1 bd $1,207+
    2 bd $1,372+
    Base rent Income restricted
    3.0 (4)
    8717 Old Town W Dr, Indianapolis, IN 46260
    Apply online • Pet friendly • Fitness center
  • Rent specials 6 units available
    2 bd $1,355+
    Base rent
    5830 River Wood Drive, Indianapolis, IN 46250
    Apply online • Pet friendly • Parking
  • 1 bd $1,473+
    Base rent
    Verified Listing

    Sunrise On The Monon

    4.5 (12)
    1501 Starcross Ln, Carmel, IN 46280
    Pet friendly • Fitness center • Pool
  • 10-15-city



Frequently asked questions

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

Prices and availability in Carmel, IN were last updated on 13 Nov 2026.

What are the best apartments in Carmel, IN?

The best apartments in Carmel, IN are: Penn Circle, Portrait Midtown, Alexandria of Carmel Apartments, Gramercy and Avant.

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 $1,500

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $1,500?” 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 178 apartments for rent in Carmel, IN on which you’ll spend less than $1,500. 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 $1,500

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 $1,500. The average rental size in Carmel, IN is 1,028 Sqft, but the $1,500 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.