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
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

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.