Apartments for Rent in Carmel, IN under $1500
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Rent specials1 bd $1,428+Base rent4.5 (8)12415 N. Pennsylvania Street, Carmel, IN 46032Apply online • Pet friendly • Parking
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Rent specials1 bd $1,254+Base rent4.0 (32)1411 Fairfax Manor Dr, Carmel, IN 46032Apply online • Pet friendly • Parking
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1 bd $1,288+2 bd $1,486+Base rent4.5 (10)945 Mohawk Hills, Carmel, IN 46032Apply online • Pet friendly • Fitness center
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Rent specialsStudio $1,355+1 bd $1,414+Base rent12890 Old Meridian Street, Carmel, IN 46032Apply online • Pet friendly • Parking
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Studio $1,257+Base rent1685 E. 116Th Street, Carmel, IN 46032Apply online • Pet friendly • Parking
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Rent specials1 bd $1,319+Base rent3.0 (9)382 Arbor Dr, Carmel, IN 46032Apply online • Pet friendly • Parking
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Rent specialsStudio $1,355+1 bd $1,414+Base rent4.5 (30)12890 Old Meridian Street, Carmel, IN 46032Apply online • Pet friendly • Fitness center
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Rent specials 10 units available1 bd $1,395+Base rent675 Beacon St., Carmel, IN 46032Apply online • Pet friendly • Parking
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Only 2 units left1 bd $1,0102 bd $1,200Base rent4.5 (4)1010 Clubhouse Ct, Carmel, IN 46032Apply online • Pet friendly • Parking
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Only 1 unit left1 bd $1,475Base rent4.5 (8)12880 University Crescent, Carmel, IN 46032Apply online • Pet friendly
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More Rentals Near Carmel, IN
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Rewards Only 2 units leftStudio $1,383+Base rent5.0 (4)8901 River Crossing Blvd, Indianapolis, IN 46240Apply online • Pet friendly • Parking
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1 bd $802+2 bd $1,071+Base rent4.0 (31)951 Carlyle Lane, Indianapolis, IN 46240Apply online • Pet friendly • Parking
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Rent specialsStudio $1,301+1 bd $1,428+Total monthly cost9433 Avant Ave, Indianapolis, IN 46240Apply online • Pet friendly • Parking
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Rewards 27 units available1 bd $1,068+2 bd $1,148+Base rent5.0 (9)9250 Evergreen Avenue, Indianapolis, IN 46240Apply online • Pet friendly • Parking
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Rewards 30 units available1 bd $922+2 bd $1,147+Base rent Income restricted8921 Compton St, Indianapolis, IN 46240Apply online • Pet friendly • Patio/Balcony
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Rent specialsStudio $8491 bd $949+2 bd $1,049+Base rent3.5 (3)9000 N. College Ave, Indianapolis, IN 46240Apply online • Pet friendly • Patio/Balcony
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Rent specialsStudio $1,301+1 bd $1,428+Total monthly cost9433 Avant Ave, Indianapolis, IN 46240Apply online • Pet friendly
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Studio $1,310+1 bd $1,458+Total monthly cost9433 Avant Ave, Indianapolis, IN 46240Apply online • Pet friendly
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Studio $1,070+1 bd $1,264+2 bd $1,208+Base rent4.5 (38)808 Clubhouse Drive W, Westfield, IN 46074Apply online • Pet friendly • Fitness center
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Rent specialsStudio $882+1 bd $931+2 bd $1,089+Base rent4.5 (126)1540 Handball Lane, Indianapolis, IN 46260Apply online • Pet friendly • Fitness center
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1 bd $1,345+Base rent5.0 (4)3914 Lake Clearwater Place, Indianapolis, IN 46240Apply online • Pet friendly • Parking
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Rent specials Rewards1 bd $1,188+2 bd $1,209+Base rent4.5 (26)9280 Chelsea Village Drive, Indianapolis, IN 46260Apply online • Pet friendly • Fitness center
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5 units available1 bd $1,207+2 bd $1,372+Base rent Income restricted3.0 (4)8717 Old Town W Dr, Indianapolis, IN 46260Apply online • Pet friendly • Fitness center
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Rent specials 6 units available2 bd $1,355+Base rent5830 River Wood Drive, Indianapolis, IN 46250Apply online • Pet friendly • Parking
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1 bd $1,473+Base rent4.5 (12)1501 Starcross Ln, Carmel, IN 46280Pet friendly • Fitness center • Pool
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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.