Carmel, IN Rental Market Trends
Highlights
The average rent for an apartment in Carmel is $1,129, a 7% increase compared to the previous year, when the average rent was $1,059.
Average Rent in Carmel, IN
Last updated Mar 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,129 | 7% | 1,033 sq. ft. |
The average size for a Carmel, IN apartment is 1,033 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Carmel, IN Apartment Rent Ranges
- $701-$1,00033%
- $1,001-$1,50060%
- $1,501-$2,0005%
- > $2,0001%
Carmel, IN Rent Trends
| Average Rent | Jan / 2016 | May / 2016 | Sept / 2016 | Jan / 2017 | May / 2017 | Sept / 2017 | Jan / 2018 | May / 2018 | Mar / 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Carmel, IN | $1,056 | $1,060 | $1,070 | $1,071 | $1,072 | $1,059 | $1,070 | $1,073 | $1,129 |
| National | $1,290 | $1,319 | $1,334 | $1,329 | $1,354 | $1,366 | $1,366 | $1,381 | $1,396 |
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How Does Carmel Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Fishers | $1,084 | 4% |
| Noblesville | $999 | 3% |
| Westfield | $1,037 | 5% |
| Cicero | $726 | 2% |
| Carmel | $1,129 | 7% |
| Wareham Pond | $726 | 2% |
For more information about the Carmel rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
- Providence at Old Meridian
- Alexandria of Carmel Apartments
- Carmel Landing Apartments
- Gramercy Apartments
- Woodland Springs Apartment Homes
- The Village on Spring Mill
- Governor Square Apartments
- Wentworth at WestClay
- Penn Circle Apartments
- Sophia Square
- Avant Apartments
- The Olivia on Main
- 13611 Stone Haven Drive
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Carmel apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.