Apartments for Rent in Carmel, IN

Prices and availability in Carmel, IN were last updated on 11 Sep 2026.

The best apartments in Carmel, IN are: North End Apartments, Portrait Midtown, Carmel Woods, Carmel Center and Woodland Springs Apartment Homes.

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

The price range for a studio apartment in Carmel, IN is between $1,356 and $4,383.

The price range for a 1-bedroom apartment in Carmel, IN is between $1,200 and $3,851.

The price range for a 2-bedroom apartment in Carmel, IN is between $1,200 and $5,382.

The price range for a 3-bedroom apartment in Carmel, IN is between $1,294 and $4,383.

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.

Studio apartments in Carmel are around 0.4% of rentals, while 1-bedroom floor plans represent 45% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 44% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.