Apartments for Rent in Carmel, IN

Prices and availability in Carmel, IN were last updated on 1 Nov 2026.

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

The average rent in Carmel, IN is $1,618.

The price range for a studio apartment in Carmel, IN is between $1,361 and $2,859.

The price range for a 1-bedroom apartment in Carmel, IN is between $1,200 and $6,931.

The price range for a 2-bedroom apartment in Carmel, IN is between $1,200 and $10,624.

The price range for a 3-bedroom apartment in Carmel, IN is between $1,475 and $5,179.

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.

The average age of rental buildings in Carmel is 23 years old, with 65% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 4 stories, of which 98% are garden-style apartment communities, 18% are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

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 45% 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.