Carmel, IN Rental Market Trends
The average rent for an apartment in Carmel is $1,222, a 4% increase compared to the previous year, when the average rent was $1,179.
Average Rent in Carmel, IN
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,222||4%||1,019 sq. ft.|
The average size for a Carmel, IN apartment is 1,019 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
- > $2,0001%
Carmel, IN Occupied Housing Units
- Renter-occupied Households26%
- Owner-occupied Households73%
9,850 or 26% of the households in Carmel, IN are renter-occupied while 27,104 or 73% are owner-occupied.
Carmel, IN Rent Trends
|Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Feb / 2021|
How Carmel Compares to Other Cities
|Average Rent||Y-o-Y Change|
For more information about the Carmel rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!