Apartments for Rent in Carmel, IN

Prices and availability in Carmel, IN were last updated on 5 Oct 2026.

The best apartments in Carmel, IN are: North End Apartments, Portrait Midtown, Carmel Woods, Carmel Center and Lakes of Carmel.

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

The price range for a studio apartment in Carmel, IN is between $1,245 and $4,214.

The price range for a 1-bedroom apartment in Carmel, IN is between $1,200 and $10,909.

The price range for a 2-bedroom apartment in Carmel, IN is between $1,200 and $14,492.

The price range for a 3-bedroom apartment in Carmel, IN is between $1,475 and $6,000.

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 age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Carmel are about 23 years old, on average. Of these, 65% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 4 stories. About 98% of the rental communities here are low-rise, garden-style communities, 18% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

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.