Carmel, IN Rental Market Trends
Highlights
The average rent for an apartment in Carmel is $1,073, a 0% decrease compared to the previous year, when the average rent was $1,072.
Studio apartments in Carmel rent for $708 a month, while 1-bedroom apartments ask on average $922 a month; the average rent for a 2-bedroom apartment is $1,132.
Average Rent in Carmel, IN
Last updated Sep 2018
| All rentals | Studio | 1 Bed | 2 Beds | 3 Beds | |
|---|---|---|---|---|---|
| Average Rent | $1,073 | $708 | $922 | $1,132 | $1,366 |
| Y-o-Y Change | n/a | n/a | n/a | -1% | 2% |
| Average Apartment Size | 1,034 sq. ft. | 460 sq. ft. | 802 sq. ft. | 1,102 sq. ft. | 1,416 sq. ft. |
The average size for a Carmel apartment is 1,034 square feet, but this number varies greatly depending on apartment type. A studio averages 460 sq. ft., while a one-bedroom apartment offers a more generous square footage: 802. 2-bedroom apartments in Carmel have an average size of 1,102 sq. ft.
Carmel, IN Apartment Rent Ranges
- $501-$70072%
- $701-$1,00028%
Carmel, IN Rent Trends
| Average Rent All rentals | Studio | 1 Bed | 2 Beds | 3 Beds | |
|---|---|---|---|---|---|
| Sep / 2018 | $1,073 | $708 | $922 | $1,132 | $1,366 |
| Jan / 2018 | $1,070 | $708 | $922 | $1,129 | $1,353 |
| Sept / 2017 | $1,059 | $695 | $923 | $1,115 | $1,317 |
| May / 2017 | $1,072 | $705 | $919 | $1,140 | $1,337 |
| Jan / 2017 | $1,071 | $661 | $924 | $1,135 | $1,332 |
| Sept / 2016 | $1,070 | $654 | $923 | $1,137 | $1,330 |
| May / 2016 | $1,060 | $632 | $907 | $1,122 | $1,348 |
| Jan / 2016 | $1,056 | $612 | $893 | $1,124 | $1,354 |
| Sept / 2015 | $1,045 | $649 | $896 | $1,107 | $1,305 |
| May / 2015 | $1,042 | $641 | $887 | $1,100 | $1,327 |
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How Does Carmel Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Fishers | $1,057 | 1% |
| Noblesville | $968 | 1% |
| Carmel | $1,073 | n/a |
| Westfield | $965 | -5% |
| Cicero | $700 | 4% |
| Wareham Pond | $700 | 4% |
For more information about the Carmel rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
- Providence at Old Meridian
- Carmel Landing Apartments
- Lakes of Carmel
- Alexandria of Carmel Apartments
- Gramercy Apartments
- Woodland Springs Apartment Homes
- Governor Square Apartments
- The Village on Spring Mill
- Avant Apartments
- Penn Circle Apartments
- The Olivia on Main
- 14932 Oak Rd Carmel, IN 46033
- 1311 Lawrence Rd Carmel IN 46033
- 11417 Haverstick Road Carmel, IN 46033
- 10725 Downing St Carmel, IN 46033
- 524 High Dr Carmel, IN 46033
- 5393 Rippling Brook Way
- 4057 Rachel Lane
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.