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Apartments for Rent in Carmel, IN under $1600

250 Rentals Available
  • 8
    Today

    13111 Old Meridian Street, Carmel, IN 46032
    STUDIO $1,390
    1 BED $1,565
  • 13
    Today

    12415 N. Pennsylvania Street, Carmel, IN 46032
    1 BED $1,499+
  • 24
    Today

    1411 Fairfax Manor Dr, Carmel, IN 46032
    1 BED $1,254+
    2 BEDS $1,529+
  • 35
    Today

    14637 Handel Drive, Carmel, IN 46032
    1 BED $1,235+
    2 BEDS $1,490+
  • 3 days ago

    1010 Clubhouse Ct, Carmel, IN 46032
    1 BED $1,280+
    2 BEDS $1,329
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  • 11
    Today

    1111 W. Main Street, Carmel, IN 46032
    1 BED $1,357+
  • 24
    Today

    1825 Jefferson Drive W, Carmel, IN 46032
    1 BED $1,290+
    2 BEDS $1,580+
  • 10
    Today

    12890 Old Meridian Street, Carmel, IN 46032
    STUDIO $1,423+
    1 BED $1,409+
  • 15
    Today

    945 Mohawk Hills, Carmel, IN 46032
    1 BED $1,290+
  • 23
    Today

    300 Providence Blvd, Carmel, IN 46032
    1 BED $1,394+
    2 BEDS Ask for Pricing
  • Today

    1225 Veterans Wy, Carmel, IN 46032
    1 BED $1,431+
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  • 16
    Today

    110 W. Main St., Carmel, IN 46032
    1 BED $1,440+
  • 19
    Today

    3008 Warren Way, Carmel, IN 46033
    1 BED $1,199+
    2 BEDS $1,390+
  • 14
    Today

    1685 E. 116Th Street, Carmel, IN 46032
    STUDIO $1,310+
  • Today

    945 Mohawk Hills, Carmel, IN 46032
    1 BED $1,290+
  • Today

    1640 Barn - Axos Bank Chimera, LLC, Carmel, IN 46280
    1 BED $1,095
  • 20
    Today

    1501 Starcross Ln, Carmel, IN 46280
    1 BED $1,451+
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  • 15
    Today

    1661 Sierra Springs, Carmel, IN 46280
    1 BED $1,568
  • 212
    Today

    951 Carlyle Lane, Indianapolis, IN 46240
    1 BED $733+
    2 BEDS $966+
  • Today

    9433 Avant Ave, Indianapolis, IN 46240
    STUDIO $1,289+
    1 BED $1,451+
  • 34
    Today

    9250 Evergreen Avenue, Indianapolis, IN 46240
    1 BED $1,132+
    2 BEDS $1,361+
  • Today

    8921 Compton St, Indianapolis, IN 46240
    Income Restricted
    1 BED $1,169
    2 BEDS $1,405
  • 145
    Today

    9000 N. College Ave, Indianapolis, IN 46240
    STUDIO $725+
    1 BED $825+
    2 BEDS $995+
  • 30
    Today

    1130 Racquet Club North Drive, Indianapolis, IN 46260
    1 BED $941+
    2 BEDS $1,373+
  • Today

    9433 Avant Ave, Indianapolis, IN 46240
    STUDIO $1,289+
    1 BED $1,451
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Popular searches Average rent Renters guide Demographics

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 10 Jul 2025.

What are the best apartments in Carmel, IN?

The best apartments in Carmel, IN are: Avant, Muse Carmel, Governor Square Apartments, The Olivia and Sophia Square.

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 17% of Carmel’s rentals, 65% are small-scale complexes with under 50 units, and 17% are single-family rentals.

Renting apartments in Carmel, IN under $1,600

Searching for apartments for rent in Carmel, IN under $1,600 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Carmel, IN, where the average rent is $1,563 per month, there are 250 units available for less than $1,600. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $1,600” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Carmel, IN. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Carmel, IN going for $725 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!