Carmel, IN Rental Market Trends

What is the average rent in Carmel?

The average rent for an apartment in Carmel is $1,653. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Carmel, IN

Last updated July 2023

Average Rent	Average Apartment Size
$1,653	1,003 sq. ft.

What is the average apartment size in Carmel?

The average size for a Carmel, IN apartment is 1,003 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. 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

Carmel, IN Occupied Housing Units

9,206 or 25% of the households in Carmel, IN are renter-occupied while 28,023 or 75% are owner-occupied.

Carmel, IN rent trends

Access comprehensive real estate data and information on Yardi Matrix

How Carmel Compares to Other Cities

City	Average Rent
Indianapolis	$1,191
New Albany	$1,050
Bloomington	$1,445
Greenwood	$1,231
Jeffersonville	$1,147
Lafayette	$1,003
Fort Wayne	$1,099
Lawrence	$1,056
South Bend	$1,205
Carmel	$1,653
Fishers	$1,555
Noblesville	$1,455
Greenfield	$1,164
Plainfield	$1,441
Brownsburg	$1,501
Avon	$1,549
Camby	$1,325
Franklin	$1,137
Anderson	$921
Muncie	$1,124
Westfield	$1,582

What is the average price for a storage unit in Carmel?

The average rent for a non-climate-controlled 10'x10' storage unit in Carmel is $168.5. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.