Apartments for Rent in Carmel, IN
184 Rentals Available

Q: What are the best apartments in Carmel, IN?

The best apartments in Carmel, IN are: Penn Circle , Sophia Square , Lakes of Carmel , Carmel Landing Apartments and Providence at Old Meridian .

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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 19 May 2022.

What are the best apartments in Carmel, IN?

The best apartments in Carmel, IN are: Penn Circle, Sophia Square, Lakes of Carmel, Carmel Landing Apartments and Providence at Old Meridian.

What is the average rent in Carmel, IN?

The average rent in Carmel, IN is $1,455. 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 $1,413 and $3,585. 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 $1,080 and $2,919. 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 $1,259 and $5,188. 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 $1,461 and $4,139. Browse all available 3-bedroom apartments in Carmel, IN.

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.

Carmel, IN Demographics

Total Population97,464
Female 47,277

Male 50,187
Median Age39.4

Carmel, IN has a population of 97,464 according to the most recent data from the U.S. Census Bureau. 50,187 of Carmel’s residents are women and 47,277 are men. The median age of those who live in Carmel, IN is 39.4.

Average Rent in Carmel, IN

Carmel, IN Average Rental Price, April 2022 $1,455 ^/mo

The average monthly rent of apartments in Carmel, IN is $1,455.

Carmel, IN Apartment Rent Ranges

About 32% of apartment rents in Carmel, IN range between $1,501-$2,000. Meanwhile, apartments priced over > $2,000 represent 5% of apartments. Around 57% of Carmel’s apartments are in the $1,001-$1,500 price range. 5% of apartments are priced between $701-$1,000.

Carmel, IN Rent Trends

Average Rent	Mar / 2019	Jul / 2019	Nov / 2019	Mar / 2020	Jul / 2020	Nov / 2020	Mar / 2021	Jul / 2021	Nov / 2021	Apr / 2022
Carmel, IN	$1,112	$1,173	$1,179	$1,178	$1,184	$1,222	$1,227	$1,288	$1,404	$1,455
National	$1,367	$1,399	$1,407	$1,409	$1,399	$1,403	$1,412	$1,495	$1,591	$1,628

Compared to the national average rent of $1,628, the average rent in Carmel, IN is $1,455.

Check out the average rent prices in Carmel by neighborhood.

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.

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 Households

Total Number of Households36,954
Family 27,104

Non-family 9,850
Children 14,158

No Children 22,796

Average People Per Household2.62
Median Household Income$112,765
Median Housing Costs Per Month$1,437

According to U.S. Census data, there are 36,954 households in Carmel, IN. 27,104 are family households and 9,850 are non-family households. There are 14,158 households with children in Carmel and 22,796 households without children. On average, about 2.62 people live in a household in Carmel, IN. The median income of a Carmel household living in Carmel is $112,765 per year. The median housing costs per month are $1,437.

Carmel, IN Education Statistics

The level of education of the population of Carmel, IN is as follows: have no high school education, 13% completed some high school, 16% partially completed college, 5% have an Associate Degree, 39% have a Bachelor Degree, and 27% have a Graduate Degree.

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.

Most Expensive Rental
The Olivia $1,404 - $5,161
Least Expensive Rental
Carmel Landing Apartments $1,080 - $2,189

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 $899 and submit your rental application today!

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Apartments for Rent in Carmel, IN 184 Rentals Available

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