Carmel, IN Rental Market Trends

Highlights

The average rent for an apartment in Carmel is $1,037, a 4% increase compared to the previous year, when the average rent was $1,002.

Studio apartments in Carmel rent for $675 a month, while 1-bedroom apartments ask on average $927 a month; the average rent for a 2-bedroom apartment is $1,120.

Average Rent in Carmel, IN

Last updated Jan 2017

	All rentals	Studio	1 Bed	2 Beds	3 Beds
Average Rent	$1,037	$675	$927	$1,120	$1,299
Y-o-Y Change	4%	2%	6%	2%	1%
Average Apartment Size	1,031 sq. ft.	449 sq. ft.	804 sq. ft.	1,103 sq. ft.	1,412 sq. ft.

The average size for a Carmel apartment is 1,031 square feet, but this number varies greatly depending on apartment type. A studio averages 449 sq. ft., while a one-bedroom apartment offers a more generous square footage: 804. 2-bedroom apartments in Carmel have an average size of 1,103 sq. ft.

Carmel, IN Apartment Rent Ranges

$501-$7002%
$701-$1,00045%
$1,001-$1,50049%
$1,501-$2,0004%
> $2,0001%

Carmel, IN Rent Trends

Average Rent All rentals		Studio	1 Bed	2 Beds	3 Beds
September 2017	$1,037	$675	$927	$1,120	$1,299
Sept / 2016	$1,031	$679	$919	$1,119	$1,239
May / 2016	$1,008	$585	$867	$1,072	$1,266
Jan / 2016	$1,002	$665	$874	$1,097	$1,290
Sept / 2015	$1,018	$670	$877	$1,072	$1,224
May / 2015	$993	$699	$894	$1,078	$1,245
Jan / 2015	$986	$680	$832	$1,043	$1,210
Sept / 2014	$987	$711	$836	$1,088	$1,281
May / 2014	$1,004	$659	$828	$1,067	$1,273
Jan / 2014	$971	$654	$828	$1,055	$1,181

Average Rent in Carmel, IN By Neighborhood

Eden Estates

$1,037

Harrowgate

$1,037

Laura Vista

$1,037

Aberdeen Bend

$1,025

Annally Downs

$1,025

Applewood Estates

$1,025

Arden Townhomes

$1,025

Ashbrook

$1,025

Ashbury Park

$1,025

Aumans

$1,025

Autumn Lake

$1,025

Bennett

$1,025

Bentley Oaks

$1,025

Blackwell Park

$1,025

Bramblewood

$1,025

Brandywine

$1,025

Bridlebourne

$1,025

Brooks Bend

$1,025

Brookstone Park of Carmel

$1,025

Brownstone Homes at Guilford Reserve

$1,025

Buckhorn

$1,025

Camden Walk

$1,025

Carmel Centerpointe

$1,025

Carmel City Center

$1,025

Carmel Hills

$1,025

Carmel Meadows

$1,025

Carmel Pointe

$1,025

Carmel Science and Technology Park

$1,025

Carmel Station

$1,025

Carmel View

$1,025

Carmel Village

$1,025

Carmelwood

$1,025

Cedar Lake

$1,025

Cedar Point

$1,025

Chateaux de Moulin

$1,025

Cheswick Place

$1,025

Christies Thornhurst

$1,025

Claridge Farms

$1,025

Clay Springs

$1,025

Claybridge at Springmill

$1,025

Concord Village

$1,025

Coppergate

$1,025

Cottages at Carmel

$1,025

Cox Hall and Gardens

$1,025

Creekside

$1,025

Crooked Stick Estates

$1,025

Crossfields

$1,025

Deerfield

$1,025

Donnybrook Woods

$1,025

English Oaks

$1,025

Estancia

$1,025

Fairgreen Trace

$1,025

Flair North

$1,025

Green Tree Country Club Estates

$1,025

Guilford Park

$1,025

Hayden Run

$1,025

High Grove

$1,025

Holiday Hills and Dales

$1,025

Hunters Creek South

$1,025

Hunters Creek Village

$1,025

Hunters Glen

$1,025

Hunters Knoll

$1,025

Huntersfield

$1,025

Huntington Chase

$1,025

Johnson

$1,025

Jordan Woods

$1,025

Kendall Wood

$1,025

Kings Mill

$1,025

Kingsborough

$1,025

Larkspur

$1,025

Laurel Lake

$1,025

Laurel Ridge

$1,025

Laurelwood

$1,025

Lenox Trace

$1,025

Mayflower Park

$1,025

Meadowlark Park

$1,025

Merchants Pointe

$1,025

Meridian

$1,025

Meridian Suburban

$1,025

Millbrook

$1,025

Monon Farms

$1,025

Newark

$1,025

North American Park

$1,025

North Augusta

$1,025

North Meridian Heights

$1,025

Northern Heights

$1,025

Oak Tree

$1,025

Old Towne Village

$1,025

Papay

$1,025

Park Meadows at Springmill

$1,025

Park Place at Springmill

$1,025

Parkside Village

$1,025

Pikes Spring Mill Heights

$1,025

Pine Lake Estates

$1,025

Ponds West

$1,025

Providence at Old Meridian

$1,025

Queens Manor

$1,025

R A Franke

$1,025

Rohrer Meadows

$1,025

Rolling Meadows

$1,025

Rosemeade Commons

$1,025

Saddlebrook at Shelborne

$1,025

Shelborne Greene

$1,025

Spring Arbor

$1,025

Spring Farms

$1,025

Spring Lake Estates

$1,025

Spring Mill Place

$1,025

Spring Run Estates

$1,025

Springmill Crossing

$1,025

Springmill Ponds

$1,025

Springmill Ridge

$1,025

Springmill Streams

$1,025

Springwood

$1,025

Stonehedge Estates

$1,025

Summerlakes

$1,025

Sun Mundy One Two Three

$1,025

Sutton Place

$1,025

The Estates of Claywest

$1,025

The Park at Weston Place

$1,025

The Parks at Springmill

$1,025

The Village of Towne Pointe

$1,025

Thistlewood

$1,025

Timber Creek

$1,025

Timber Heights

$1,025

Townes at Weston Pointe

$1,025

Townhomes at Guilford

$1,025

Traditions on the Monon

$1,025

Treesdale

$1,025

Two Gaits at Viking Meadows

$1,025

Valley View at Viking Meadows

$1,025

Village at Weston Place

$1,025

Village Farms

$1,025

Village Green

$1,025

Village of Mount Carmel

$1,025

Village of Westclay

$1,025

Village on the Monon

$1,025

Walnut Creek Woods

$1,025

Walters Plaza

$1,025

Walters Rolling Acres

$1,025

Waterwood of Carmel

$1,025

West Carmel Center

$1,025

West Carmel Marketplace

$1,025

Westchase

$1,025

Westmont

$1,025

Weston Ridge

$1,025

Westpark at Springmill

$1,025

Westwood Estates

$1,025

Wexley Chase

$1,025

Wildwood Estates

$1,025

Williams Creek Farms

$1,025

Williams Mill

$1,025

Wilson Village

$1,025

Windemere

$1,025

Windsor Grove

$1,025

Winterwood

$1,025

Wood Park

$1,025

Wood Valley Estates

$1,025

Woodacre

$1,025

Woodland Golf Club

$1,025

Woods at Williams Creek

$1,025

Average Rent
Neighborhood	All rentals	Studio	1 Bed	2 Beds	3 Beds
Woods at Williams Creek	$1,025	$675	$929	$1,115	$1,300
Woodland Golf Club	$1,025	$675	$929	$1,115	$1,300
Woodacre	$1,025	$675	$929	$1,115	$1,300
Wood Valley Estates	$1,025	$675	$929	$1,115	$1,300
Wood Park	$1,025	$675	$929	$1,115	$1,300
Winterwood	$1,025	$675	$929	$1,115	$1,300
Windsor Grove	$1,025	$675	$929	$1,115	$1,300
Windemere	$1,025	$675	$929	$1,115	$1,300
Wilson Village	$1,025	$675	$929	$1,115	$1,300
Williams Mill	$1,025	$675	$929	$1,115	$1,300
Williams Creek Farms	$1,025	$675	$929	$1,115	$1,300
Wildwood Estates	$1,025	$675	$929	$1,115	$1,300
Wexley Chase	$1,025	$675	$929	$1,115	$1,300
Westwood Estates	$1,025	$675	$929	$1,115	$1,300
Westpark at Springmill	$1,025	$675	$929	$1,115	$1,300
Weston Ridge	$1,025	$675	$929	$1,115	$1,300
Westmont	$1,025	$675	$929	$1,115	$1,300
Westchase	$1,025	$675	$929	$1,115	$1,300
West Carmel Marketplace	$1,025	$675	$929	$1,115	$1,300
West Carmel Center	$1,025	$675	$929	$1,115	$1,300
Waterwood of Carmel	$1,025	$675	$929	$1,115	$1,300
Walters Rolling Acres	$1,025	$675	$929	$1,115	$1,300
Walters Plaza	$1,025	$675	$929	$1,115	$1,300
Walnut Creek Woods	$1,025	$675	$929	$1,115	$1,300
Village on the Monon	$1,025	$675	$929	$1,115	$1,300
Village of Westclay	$1,025	$675	$929	$1,115	$1,300
Village of Mount Carmel	$1,025	$675	$929	$1,115	$1,300
Village Green	$1,025	$675	$929	$1,115	$1,300
Village Farms	$1,025	$675	$929	$1,115	$1,300
Village at Weston Place	$1,025	$675	$929	$1,115	$1,300
Valley View at Viking Meadows	$1,025	$675	$929	$1,115	$1,300
Two Gaits at Viking Meadows	$1,025	$675	$929	$1,115	$1,300
Treesdale	$1,025	$675	$929	$1,115	$1,300
Traditions on the Monon	$1,025	$675	$929	$1,115	$1,300
Townhomes at Guilford	$1,025	$675	$929	$1,115	$1,300
Townes at Weston Pointe	$1,025	$675	$929	$1,115	$1,300
Timber Heights	$1,025	$675	$929	$1,115	$1,300
Timber Creek	$1,025	$675	$929	$1,115	$1,300
Thistlewood	$1,025	$675	$929	$1,115	$1,300
The Village of Towne Pointe	$1,025	$675	$929	$1,115	$1,300
The Parks at Springmill	$1,025	$675	$929	$1,115	$1,300
The Park at Weston Place	$1,025	$675	$929	$1,115	$1,300
The Estates of Claywest	$1,025	$675	$929	$1,115	$1,300
Sutton Place	$1,025	$675	$929	$1,115	$1,300
Sun Mundy One Two Three	$1,025	$675	$929	$1,115	$1,300
Summerlakes	$1,025	$675	$929	$1,115	$1,300
Stonehedge Estates	$1,025	$675	$929	$1,115	$1,300
Springwood	$1,025	$675	$929	$1,115	$1,300
Springmill Streams	$1,025	$675	$929	$1,115	$1,300
Springmill Ridge	$1,025	$675	$929	$1,115	$1,300
Springmill Ponds	$1,025	$675	$929	$1,115	$1,300
Springmill Crossing	$1,025	$675	$929	$1,115	$1,300
Spring Run Estates	$1,025	$675	$929	$1,115	$1,300
Spring Mill Place	$1,025	$675	$929	$1,115	$1,300
Spring Lake Estates	$1,025	$675	$929	$1,115	$1,300
Spring Farms	$1,025	$675	$929	$1,115	$1,300
Spring Arbor	$1,025	$675	$929	$1,115	$1,300
Shelborne Greene	$1,025	$675	$929	$1,115	$1,300
Saddlebrook at Shelborne	$1,025	$675	$929	$1,115	$1,300
Rosemeade Commons	$1,025	$675	$929	$1,115	$1,300
Rolling Meadows	$1,025	$675	$929	$1,115	$1,300
Rohrer Meadows	$1,025	$675	$929	$1,115	$1,300
R A Franke	$1,025	$675	$929	$1,115	$1,300
Queens Manor	$1,025	$675	$929	$1,115	$1,300
Providence at Old Meridian	$1,025	$675	$929	$1,115	$1,300
Ponds West	$1,025	$675	$929	$1,115	$1,300
Pine Lake Estates	$1,025	$675	$929	$1,115	$1,300
Pikes Spring Mill Heights	$1,025	$675	$929	$1,115	$1,300
Parkside Village	$1,025	$675	$929	$1,115	$1,300
Park Place at Springmill	$1,025	$675	$929	$1,115	$1,300
Park Meadows at Springmill	$1,025	$675	$929	$1,115	$1,300
Papay	$1,025	$675	$929	$1,115	$1,300
Old Towne Village	$1,025	$675	$929	$1,115	$1,300
Oak Tree	$1,025	$675	$929	$1,115	$1,300
Northern Heights	$1,025	$675	$929	$1,115	$1,300
North Meridian Heights	$1,025	$675	$929	$1,115	$1,300
North Augusta	$1,025	$675	$929	$1,115	$1,300
North American Park	$1,025	$675	$929	$1,115	$1,300
Newark	$1,025	$675	$929	$1,115	$1,300
Monon Farms	$1,025	$675	$929	$1,115	$1,300
Millbrook	$1,025	$675	$929	$1,115	$1,300
Meridian Suburban	$1,025	$675	$929	$1,115	$1,300
Meridian	$1,025	$675	$929	$1,115	$1,300
Merchants Pointe	$1,025	$675	$929	$1,115	$1,300
Meadowlark Park	$1,025	$675	$929	$1,115	$1,300
Mayflower Park	$1,025	$675	$929	$1,115	$1,300
Lenox Trace	$1,025	$675	$929	$1,115	$1,300
Laurelwood	$1,025	$675	$929	$1,115	$1,300
Laurel Ridge	$1,025	$675	$929	$1,115	$1,300
Laurel Lake	$1,025	$675	$929	$1,115	$1,300
Larkspur	$1,025	$675	$929	$1,115	$1,300
Kingsborough	$1,025	$675	$929	$1,115	$1,300
Kings Mill	$1,025	$675	$929	$1,115	$1,300
Kendall Wood	$1,025	$675	$929	$1,115	$1,300
Jordan Woods	$1,025	$675	$929	$1,115	$1,300
Johnson	$1,025	$675	$929	$1,115	$1,300
Huntington Chase	$1,025	$675	$929	$1,115	$1,300
Huntersfield	$1,025	$675	$929	$1,115	$1,300
Hunters Knoll	$1,025	$675	$929	$1,115	$1,300
Hunters Glen	$1,025	$675	$929	$1,115	$1,300
Hunters Creek Village	$1,025	$675	$929	$1,115	$1,300
Hunters Creek South	$1,025	$675	$929	$1,115	$1,300
Holiday Hills and Dales	$1,025	$675	$929	$1,115	$1,300
High Grove	$1,025	$675	$929	$1,115	$1,300
Hayden Run	$1,025	$675	$929	$1,115	$1,300
Guilford Park	$1,025	$675	$929	$1,115	$1,300
Green Tree Country Club Estates	$1,025	$675	$929	$1,115	$1,300
Flair North	$1,025	$675	$929	$1,115	$1,300
Fairgreen Trace	$1,025	$675	$929	$1,115	$1,300
Estancia	$1,025	$675	$929	$1,115	$1,300
English Oaks	$1,025	$675	$929	$1,115	$1,300
Donnybrook Woods	$1,025	$675	$929	$1,115	$1,300
Deerfield	$1,025	$675	$929	$1,115	$1,300
Crossfields	$1,025	$675	$929	$1,115	$1,300
Crooked Stick Estates	$1,025	$675	$929	$1,115	$1,300
Creekside	$1,025	$675	$929	$1,115	$1,300
Cox Hall and Gardens	$1,025	$675	$929	$1,115	$1,300
Cottages at Carmel	$1,025	$675	$929	$1,115	$1,300
Coppergate	$1,025	$675	$929	$1,115	$1,300
Concord Village	$1,025	$675	$929	$1,115	$1,300
Claybridge at Springmill	$1,025	$675	$929	$1,115	$1,300
Clay Springs	$1,025	$675	$929	$1,115	$1,300
Claridge Farms	$1,025	$675	$929	$1,115	$1,300
Christies Thornhurst	$1,025	$675	$929	$1,115	$1,300
Cheswick Place	$1,025	$675	$929	$1,115	$1,300
Chateaux de Moulin	$1,025	$675	$929	$1,115	$1,300
Cedar Point	$1,025	$675	$929	$1,115	$1,300
Cedar Lake	$1,025	$675	$929	$1,115	$1,300
Carmelwood	$1,025	$675	$929	$1,115	$1,300
Carmel Village	$1,025	$675	$929	$1,115	$1,300
Carmel View	$1,025	$675	$929	$1,115	$1,300
Carmel Station	$1,025	$675	$929	$1,115	$1,300
Carmel Science and Technology Park	$1,025	$675	$929	$1,115	$1,300
Carmel Pointe	$1,025	$675	$929	$1,115	$1,300
Carmel Meadows	$1,025	$675	$929	$1,115	$1,300
Carmel Hills	$1,025	$675	$929	$1,115	$1,300
Carmel City Center	$1,025	$675	$929	$1,115	$1,300
Carmel Centerpointe	$1,025	$675	$929	$1,115	$1,300
Camden Walk	$1,025	$675	$929	$1,115	$1,300
Buckhorn	$1,025	$675	$929	$1,115	$1,300
Brownstone Homes at Guilford Reserve	$1,025	$675	$929	$1,115	$1,300
Brookstone Park of Carmel	$1,025	$675	$929	$1,115	$1,300
Brooks Bend	$1,025	$675	$929	$1,115	$1,300
Bridlebourne	$1,025	$675	$929	$1,115	$1,300
Brandywine	$1,025	$675	$929	$1,115	$1,300
Bramblewood	$1,025	$675	$929	$1,115	$1,300
Blackwell Park	$1,025	$675	$929	$1,115	$1,300
Bentley Oaks	$1,025	$675	$929	$1,115	$1,300
Bennett	$1,025	$675	$929	$1,115	$1,300
Autumn Lake	$1,025	$675	$929	$1,115	$1,300
Aumans	$1,025	$675	$929	$1,115	$1,300
Ashbury Park	$1,025	$675	$929	$1,115	$1,300
Ashbrook	$1,025	$675	$929	$1,115	$1,300
Arden Townhomes	$1,025	$675	$929	$1,115	$1,300
Applewood Estates	$1,025	$675	$929	$1,115	$1,300
Annally Downs	$1,025	$675	$929	$1,115	$1,300
Aberdeen Bend	$1,025	$675	$929	$1,115	$1,300
Laura Vista	$1,037	$675	$927	$1,120	$1,299
Harrowgate	$1,037	$675	$927	$1,120	$1,299
Eden Estates	$1,037	$675	$927	$1,120	$1,299

The most affordable neighborhoods in Carmel are Aberdeen Bend, where the average rent goes for $1,025/month, Annally Downs, where renters pay $1,025/mo on average, and Applewood Estates, where the average rent goes for $1,025/mo. If you’re looking for other great deals, check out the listings from Arden Townhomes ($1,025), Ashbrook ($1,025), and Ashbury Park ($1,025), where the asking prices are below the average Carmel rent of $1,037/mo.

The most expensive neighborhoods in Carmel are Eden Estates ($1,037), Harrowgate ($1,037) and Laura Vista ($1,037).

Carmel | Rent Comparison by Neighborhood

Rent in Aberdeen Bend is the same as in Annally Downs

$1,025

Aberdeen Bend rent is 1% lower than Carmel average

All rentals	$1,025
Studio	$675
1 Bed	$929
2 Beds	$1,115
3 Beds	$1,300

$1,025

Annally Downs rent is 1% lower than Carmel average

All rentals	$1,025
Studio	$675
1 Bed	$929
2 Beds	$1,115
3 Beds	$1,300

How Does Carmel Compare to Nearby Cities

	Average Rent	Y-o-Y Change
Fishers	$1,013	4%
Noblesville	$920	13%
Carmel	$1,037	4%
Westfield	$833	-6%
Cicero	$718	15%
Wareham Pond	$718	15%

For more information about the Carmel rental trends, check out our monthly rent report

Cheapest Listings on RENTCafé

Apartment

Carmel Landing Apartments

$743 - $2,221

1-3 Beds
1-2.5 Baths
649 - 1,403 Sqft

View Property

Apartment

Governor Square Apartments

$760 - $1,685

1-3 Beds
1-2.5 Baths
900 - 1,800 Sqft

View Property

Apartment

Lakes Of Carmel

$789 - $1,139

1-2 Beds
1-2 Baths
750 - 1,330 Sqft

View Property

Apartment

Gramercy Apartments

$795 - $1,370

1-3 Beds
1-2.5 Baths
760 - 1,630 Sqft

View Property

Most Expensive Listings on RENTCafé

Apartment

Sophia Square

$1,050 - $2,250

1-3 Beds
1-3 Baths
637 - 1,622 Sqft

View Property

Apartment

Avant Apartments

$1,019 - $2,229

Studio-3 Beds
1-2 Baths
653 - 1,586 Sqft

View Property

Apartment

Providence At Old Meridian

$825 - $2,075

1-3 Beds
1-2.5 Baths
626 - 1,512 Sqft

View Property

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 70,000 properties and 14 million apartments across 124 U.S. markets.

Carmel, IN Rental Market Trends

Highlights

Average Rent in Carmel, IN

Carmel, IN Apartment Rent Ranges

Carmel, IN Rent Trends

Average Rent in Carmel, IN By Neighborhood

Carmel | Rent Comparison by Neighborhood

Rent in Aberdeen Bend is the same as in Annally Downs

How Does Carmel Compare to Nearby Cities

Cheapest Listings on RENTCafé

Carmel Landing Apartments

Governor Square Apartments

Lakes Of Carmel

Gramercy Apartments

Most Expensive Listings on RENTCafé

Sophia Square

Avant Apartments

Providence At Old Meridian

Other Cities