Average Rent in Carmel, IN
12 apartment buildings, 149 units. Daily asking prices with rent history for every building.
Cheapest
$784/mo
SC Bodner Company
Properties
12
tracked daily
Units
149
available now
Carmel, IN Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 12 properties in Carmel, IN.
Average rent trend, last 2 months
All bedroom types, citywide. Choose a window above to scope the view.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Carmel, IN Rent Prices
All 12 properties ranked by lowest available rent.
SC Bodner Company
11585 N Pennsylvania St, Carmel, IN 46032, USA
Parkside at Castleton Square Apartments and Townhomes
6401 Woods Edge N Dr, Indianapolis, IN 46250, USA
Resolute RDM
310 E 96th St ste 200, Indianapolis, IN 46240, USA
Chelsea Village Apartments
9280 Chelsea Village Dr, Indianapolis, IN 46260, USA
Nook Nine
9433 Avant Avenue, Indianapolis, IN 46240, USA
Alexandria of Carmel Apartments
1411 Fairfax Manor Dr, Carmel, IN 46032, USA
Avant Apartments
12890 Old Meridian St, Carmel, IN 46032, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | SC Bodner Company 11585 N Pennsylvania St, Carmel, IN 46032, USA | $784 | $1,498 | $1.51 | 3.9 (7) | 25 |
| 2 | Parkside at Castleton Square Apartments and Townhomes 6401 Woods Edge N Dr, Indianapolis, IN 46250, USA | $1,080 | $1,291 | $1.40 | 3.8 (127) | 16 |
| 3 | Resolute RDM 310 E 96th St ste 200, Indianapolis, IN 46240, USA | $1,150 as of Aug 6 | $1,288 | -- | 4 (77) | 2 |
| 4 | Chelsea Village Apartments 9280 Chelsea Village Dr, Indianapolis, IN 46260, USA | $1,186 | $1,537 | $1.47 | 4 (89) | 7 |
| 5 | Nook Nine 9433 Avant Avenue, Indianapolis, IN 46240, USA | $1,233 | $1,627 | $1.87 | 5 (43) | 26 |
| 6 | Alexandria of Carmel Apartments 1411 Fairfax Manor Dr, Carmel, IN 46032, USA | $1,254 | $1,626 | $1.70 | 4.3 (375) | 17 |
| 7 | Avant Apartments 12890 Old Meridian St, Carmel, IN 46032, USA | $1,355 | $2,062 | $1.96 | 4.3 (275) | 24 |
Rent & Price History by Building
SC Bodner Company
3.9 (7)11585 N Pennsylvania St, Carmel, IN 46032, USA
Parkside at Castleton Square Apartments and Townhomes
3.8 (127)6401 Woods Edge N Dr, Indianapolis, IN 46250, USA
Resolute RDM
4 (77)310 E 96th St ste 200, Indianapolis, IN 46240, USA
Chelsea Village Apartments
4 (89)9280 Chelsea Village Dr, Indianapolis, IN 46260, USA
Nook Nine
5 (43)9433 Avant Avenue, Indianapolis, IN 46240, USA
Alexandria of Carmel Apartments
4.3 (375)1411 Fairfax Manor Dr, Carmel, IN 46032, USA
By Area
Carmel, IN neighborhoods
Tracked buildings across 6 named neighborhoods. Pick one to see its apartments.
Carmel, IN Average Rent Prices 2026
The average rent in Carmel, IN is $1,684 per month, based on 149 units across 12 apartment communities. Prices range from $784 at SC Bodner Company to $3,193 at Avant Apartments.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,324/mo | $784/mo | 13 |
| 1 Bed | $1,480/mo | $1,080/mo | 52 |
| 2 Bed | $1,774/mo | $1,001/mo | 64 |
| 3 Bed | $2,233/mo | $909/mo | 19 |
| 4 Bed | $784/mo | $784/mo | 1 |
Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Carmel, IN, and what they pay
Tracked one-bedroom rent in Carmel, IN averages $1,480/mo, with two-bedroom units averaging $1,774/mo. At the local median household income of $134,602, that works out to 15% of gross income, well within the 25 percent comfortable-rent threshold.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Carmel, IN at $1,607/mo. The current tracked market average runs 5% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Carmel, IN while the tracked market average covers units currently listed in larger apartment communities.
What salary do I need to live comfortably in Carmel, IN?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$67,000/year
Based on the 30 percent rule, using our tracked average rent of $1,684/mo.
Comfortable income
$81,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($784/mo), you need to earn at least $31,000/year.
Median household income in Carmel, IN is $134,602 , about 67% above the comfortable-living threshold.
Cost of living in Carmel, IN
Overall prices in Carmel, IN runs below the national average by about 5% (BEA Regional Price Parity index 94.7, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Carmel, IN's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,684 |
| Utilities | $374 |
| Groceries | $512 |
| Transportation | $892 |
| Healthcare | $435 |
| Other goods and services | $696 |
| Estimated total | $4,593/mo |
Population
100,501
Median household income
$134,602
Census median rent
$1,607/mo
Rent as % of income
25.8%
Median age
40.5
Mean commute
25 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in Indiana
How Carmel, IN rent compares to other markets in the state.
| City | Avg Rent | vs Carmel, IN | 30-Day Change | Properties |
|---|---|---|---|---|
| Fishers, IN | $1,860 | +10% | -4.7% | 13 |
| Greenwood, IN | $1,386 | -18% | -0.3% | 11 |
| Bloomington, IN | $1,629 | -3% | +2.5% | 10 |
| Westfield, IN | $1,803 | +7% | +5.1% | 10 |
| Indianapolis, IN | $1,914 | +14% | -8.2% | 9 |
| Lafayette, IN | $1,513 | -10% | +11.7% | 9 |
Frequently asked questions
What is the average rent in Carmel, IN?
The average rent in Carmel, IN is $1,684 per month, based on 149 units across 12 apartment buildings tracked by Average Rent. Prices are refreshed daily.
What is the median rent in Carmel, IN?
The median asking rent in Carmel, IN is $1,620 per month, computed from 149 live listed units and refreshed daily. The average is $1,684/mo; the median resists skew from luxury listings.
What is the cheapest apartment rent in Carmel, IN?
The lowest available rent in Carmel, IN starts at $784 per month. Availability changes daily and prices are refreshed each morning.
How much is a 1-bedroom apartment in Carmel, IN?
1-bedroom apartments in Carmel, IN average $1,480/mo. The lowest listed 1-bedroom starts at $1,080/mo across 52 units tracked.
How much is a 2-bedroom apartment in Carmel, IN?
2-bedroom apartments in Carmel, IN average $1,774/mo. Units start from $1,001/mo across 64 units currently listed.
Rent Trends in Carmel, IN
Track how apartment prices are changing over time.
Missing your neighborhood?
Tell us where you're looking. We'll start tracking prices within 24 hours.
Get Started