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Apartments for Rent in Carmel, IN
243 Rentals Available

17-8-city

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Average rent in Carmel, IN

$1,555/mo Carmel, IN average rental price, February 2023
Image Average Rent

The average monthly rent of apartments in Carmel, IN is $1,555.

Carmel, IN apartment rent ranges

About 40% of apartment rents in Carmel, IN range between $1,501-$2,000. Meanwhile, apartments priced over > $2,000 represent 12% of apartments. Around 42% of Carmel’s apartments are in the $1,001-$1,500 price range. 6% of apartments are priced between $701-$1,000.

Carmel, IN rent trends

Check out the average rent prices in Carmel by neighborhood.

Compared to the national average rent of $1,727, the average rent in Carmel, IN is $1,555.

Getting around in Carmel, IN

64 /100
Somewhat Walkable
76 /100
Very Bikeable
Walk Score®: 64, Bike Score®: 76

Frequently asked questions

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

Prices and availability in Carmel, IN were last updated on 19 Mar 2023.

What are the best apartments in Carmel, IN?

The best apartments in Carmel, IN are: Penn Circle, Gramercy, Lakes of Carmel, Sophia Square and Woodland Springs Apartment Homes.

What is the average rent in Carmel, IN?

The average rent in Carmel, IN is $1,555. Start your search for apartments in Carmel, IN now.

What is the price range for a studio apartment in Carmel, IN?

The price range for a studio apartment in Carmel, IN is between $1,486 and $3,262. View all studio apartments in Carmel, IN.

What is the price range for a 1-bedroom apartment in Carmel, IN?

The price range for a 1-bedroom apartment in Carmel, IN is between $1,056 and $3,323. Browse all available 1-bedroom apartments in Carmel, IN now.

What is the price range for a 2-bedroom apartment in Carmel, IN?

The price range for a 2-bedroom apartment in Carmel, IN is between $1,320 and $5,891. Browse and find a 2-bedroom apartment in Carmel, IN.

What is the price range for a 3-bedroom apartment in Carmel, IN?

The price range for a 3-bedroom apartment in Carmel, IN is between $1,320 and $5,369. Browse all available 3-bedroom apartments in Carmel, IN.

What type of rental buildings are in Carmel, IN?

In Carmel, 25% of the residents are renting compared to 75% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 16% of Carmel’s rentals, 65% are small-scale complexes with under 50 units, and 19% are single-family rentals.

What do typical apartment communities look like in Carmel, IN?

The average age of rental buildings in Carmel is 22 years old, with 61% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 87% are garden-style apartment communities, 13% are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

What apartment floorplans are common in Carmel, IN?

Rental apartments in Carmel come in a range of sizes and floorplans. Studio apartments represent 0.4% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 43% of the total apartments in the city, while 2-bedroom floorplans represent around 44% of all rentals in Carmel. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.

Living in Carmel, IN

Located just 20 miles north of Indianapolis, Carmel is frequently cited as one of the best places to live in the U.S. due to its peaceful environment and the amenities. It is particularly popular among families because it is very safe and has a highly rated school system. Many national and multinational companies have offices in Carmel along Meridian Street, which attracts a large crown of experienced professionals. Carmel is also known for its performing arts center, which has three theaters with a full calendar of theater, music and dance performances throughout the year. Additionally, Carmel has some of the best outdoor amenities in the Indianapolis metropolitan area. Renters have access to an outdoor waterpark, a large network of hiking and biking trails, golf clubs and a beautiful town center area.

Renting in Carmel, IN

Carmel has grown quickly over the last few decades, which means there are plenty of new condos and apartment buildings to accommodate demand. In Carmel, rents tend to be higher than in Indianapolis or in neighboring suburbs. Many properties here are designed with families in mind and are very safe. The architecture in Carmel tends to be stately and elegant, although there are some apartment properties with a modern industrial feel. Many of these new apartment buildings are concentrated around Old Town Carmel. These are mostly luxury developments with amenities like fitness centers, roof decks, pools, coworking spaces and more. However, there are some smaller condo buildings and detached homes located outside of the downtown area. Demand for housing in Carmel is very high and renting an apartment here can be competitive.

Things for renting

Carmel, IN demographics

Carmel, IN has a population of 98,137 according to the most recent data from the U.S. Census Bureau. 50,942 of Carmel’s residents are women and 47,195 are men. The median age of those who live in Carmel, IN is 40.3.

Shopping in Carmel, IN

Carmel renters don’t have to travel far to go shopping. Clay Terrace is an upscale outdoor shopping center that is located on the north side of town. On the south end of town is the Carmel Marketplace and Merchant’s Square shopping centers. There are many grocery stores conveniently located throughout Carmel, including Kroger, Meijer, Whole Foods and Aldi. There is also plenty of shopping in the Carmel City Center district, which features upscale local boutiques. This is also where many of Carmel’s best restaurants are located.

Carmel, IN households

  • 27,514 Family
    9,715 Non-family
  • 13,701 Children
    23,528 No Children
  • 37,229Total Number of Households
  • 2.62Average People Per Household
  • $119,772Median Household Income

According to U.S. Census data, there are 37,229 households in Carmel, IN. 27,514 are family households and 9,715 are non-family households. There are 13,701 households with children in Carmel and 23,528 households without children. On average, about 2.62 people live in a household in Carmel, IN.

Transportation in Carmel, IN

Carmel is very spread out and has very few walkable areas, so renters rely on cars to get to work and run most errands. As a result, many rental properties in Carmel offer free parking. There are some bike trails in the area and many roads have bike lanes as well. Biking is a popular transportation option in the summer, but cold, snowy weather can make biking difficult in the winter. There is no public transportation in Carmel. The Indianapolis bus system has stops in nearby Keystone, but does not extend to Carmel. There also aren’t any Amtrak or commuter rail trains in this area. Renters who don’t have a car typically use ridesharing services such as Uber and Lyft. For air travel, the closest major airport to Carmel is the Indianapolis International Airport, located about 33 miles from the city center.

Carmel, IN education statistics

The level of education of the population of Carmel, IN is as follows: 1% have no high school education, 12% completed some high school, 15% partially completed college, 5% have an Associate Degree, 39% have a Bachelor Degree, and 29% have a Graduate Degree.

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RentCafe is your one-stop shop for finding a great new apartment in Carmel, IN. Easily search through a wide selection of apartments for rent in Carmel, IN, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Carmel, IN apartments with rents starting from $875 and submit your rental application today!

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