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Cheap Apartments for Rent in Carmel, IN

261 Rentals Available
Apartments Under $700 Apartments Under $800 Apartments Under $900 Apartments Under $1,000 Apartments Under $1,100 Apartments Under $1,200

Apartments Under $700

  • A living room with a white couch, a coffee table, and a painting on the wall.
    68
    Today

    4958 Dawn Drive, Indianapolis, IN 46268
    STUDIO $699
    1 BED $850+
    2 BEDS Ask for Pricing

Apartments Under $800

  • a living room with white furniture and a large painting on the wall
    173
    Today

    7747 Santa Monica Drive, Indianapolis, IN 46268
    1 BED $746+
    2 BEDS $1,035+
    3 BEDS $1,344+
  • a living room with a couch and a table
    153
    Today

    9000 N. College Ave, Indianapolis, IN 46240
    STUDIO $749+
    1 BED $895+
    2 BEDS $1,119
  • a living room with blue couches and a fireplace
    221
    Today

    951 Carlyle Lane, Indianapolis, IN 46240
    1 BED $762+
    2 BEDS $996+
  • a living room with a couch and a coffee table
    69
    Today

    2455 Rolls Drive, Indianapolis, IN 46268
    1 BED $762+
    2 BEDS $996+

Apartments Under $900

  • an open living room and dining room with a couch and a table
    95
    Today

    6475 Excalibur Ct, Indianapolis, IN 46268
    1 BED $815+
    2 BEDS $1,027+
    3 BEDS Ask for Pricing
  • A kitchen with wooden cabinets and a stove top oven.
    16
    Today

    4909 Covered Bridge Rd., Indianapolis, IN 46268
    1 BED $819+
    2 BEDS Ask for Pricing
    3 BEDS Ask for Pricing
  • A kitchen with black appliances and white cabinets.
    93
    Today

    7007 Courthouse Dr, Indianapolis, IN 46226
    STUDIO Ask for Pricing
    1 BED $917+
    2 BEDS $889+
  • a living room with a couch and a rug
    33
    Today

    1130 Racquet Club North Drive, Indianapolis, IN 46260
    1 BED $895+
    2 BEDS $913+
    3 BEDS $1,349+

Apartments Under $1,000

  • a living room with a rug and couches
    44
    Today

    1540 Handball Lane, Indianapolis, IN 46260
    STUDIO $900+
    1 BED $936+
    2 BEDS $1,003+
  • A kitchen interior with a counter and a stove top oven.
    324
    Today

    7110 Township Line Road, Indianapolis, IN 46260
    Income Restricted
    1 BED $933
    2 BEDS $1,214
    3 BEDS Ask for Pricing
  • an open living room with a kitchen and a dining area with chairs and a table
    370
    Today

    4724 Round Lake Rd, Indianapolis, IN 46205
    1 BED $949+
    2 BEDS $1,109+
    3 BEDS $1,274+
  • a living room with a couch and chairs and a dining room table
    18
    Today

    808 Clubhouse Drive W, Westfield, IN 46074
    STUDIO $981+
    1 BED $1,021+
    2 BEDS $1,180+
  • a living room with leather furniture and a fireplace
    21
    Today

    7401 Merganser Drive, Indianapolis, IN 46260
    Income Restricted
    1 BED $999+
    2 BEDS $1,391+
    3 BEDS $1,947+
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  • A living room with a grey couch, a wooden table and chairs, a rug, and a ceiling fan.
    5
    Today

    6111 Allisonville Rd, Indianapolis, IN 46220
    1 BED $999
    2 BEDS $1,223+
    3 BEDS $1,650

Apartments Under $1,100

  • a living room with a couch and a table
    51
    Today

    7503 Ivywood Circle, Indianapolis, IN 46250
    1 BED Ask for Pricing
    2 BEDS $1,058+
    3 BEDS $1,558+
  • 1640 Barn - Axos Bank Chimera, LLC 1 Bed Apartment for Rent
    Today

    1640 Barn - Axos Bank Chimera, LLC, Carmel, IN 46280
    1 BED $1,095

Apartments Under $1,200

  • a living room with a couch and a tv
    14
    Today

    1685 E. 116Th Street, Carmel, IN 46032
    STUDIO $1,120+
    1 BED $1,455+
    2 BEDS $1,775+
  • a living room with a couch and a fireplace
    39
    Today

    11640 Breezy Point Drive, Fishers, IN 46037
    1 BED $1,136+
    2 BEDS $1,379+
    3 BEDS $1,584+
  • a brick house with a white door and a tree
    5
    Today

    588 Holly Court South, Noblesville, IN 46060
    1 BED $1,200
    2 BEDS $1,150
  • a kitchen with white cabinets and black appliances
    6
    Today

    1010 Clubhouse Ct, Carmel, IN 46032
    1 BED $1,190+
    2 BEDS $1,280
    3 BEDS $1,608
  • a large living room with couches and chairs and a table
    24
    Today

    11757 Garden Circle East, Fishers, IN 46038
    1 BED $1,220+
    2 BEDS $1,400+
    3 BEDS $1,700+
  • a living room with a couch and a television
    16
    Today

    945 Mohawk Hills, Carmel, IN 46032
    1 BED $1,225+
    2 BEDS $1,395+
    3 BEDS $1,545+
  • a living room with a couch and a television
    Today

    945 Mohawk Hills, Carmel, IN 46032
    1 BED $1,225+
    2 BEDS $1,395+
    3 BEDS $1,545+
  • a living room with a couch and a chair
    20
    Today

    12347 Windsor Drive, Fishers, IN 46038
    1 BED $1,250+
    2 BEDS $1,430+
    3 BEDS $1,710+
5-20-city
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Getting around in Carmel, IN

64 /100
Somewhat Walkable
76 /100
Very Bikeable
Walk Score®: 64, Bike Score®: 76

Frequently asked questions

What is the price of a cheap apartment in Carmel, IN?

The price range of a cheap apartment is between $1,095 and $3,340.

How many cheap rentals are available in Carmel, IN on RentCafe?

There are 19 cheap rentals available on RentCafe. Prices and availability in Carmel, IN were last updated on 17 Nov 2025.

What is the average size of a cheap apartment in Carmel, IN?

The average Carmel, IN cheap apartment size is 1,054 sq. ft.

What are the advantages of renting a cheap apartment in Carmel, IN?

Cheap apartments in Carmel, IN are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Carmel, IN?

A cheap apartment in Carmel, IN offers little storage space and fewer amenities compared to other apartments.

Look for cheap apartments near me

Finding the right apartment as far as size and location go is one aspect of apartment searching, but making sure that it provides all that you need within a reasonable price is another. On RentCafe, you can search for cheap apartments near you and ensure that you find one that suites your needs. Worried the neighborhood or city you are looking to move to is known to have higher rents? You can browse our listings and find the cheap apartments in any location, whether you are looking at a specific neighborhood, ZIP code, or city.

The perfect apartment for you is out there, either near you or anywhere in the U.S. that you are looking to move to. So, let's find the one that satisfies your wants and needs, but that also comes at an affordable price.

Looking for a cheap apartment for rent in Carmel, IN? With RentCafe, finding an affordable apartment in Carmel, IN has never been easier. We feature 261 low-priced rentals directly from property managers, with rents lower than the Carmel, IN average. What is a cheap rent in Carmel, IN? The average apartment rent in Carmel is $1,645 per month so any rental south of $1,316 would be considered cheap here. On RentCafe, Carmel, IN rents go as low as $729/mo.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!