Last updated
Average Rent in Carmel, IN & Rent Trends
Rent prices and market trends across 11 apartment communities in Carmel, IN. Updated daily.
Market Average
$1,688/mo
▼ 3.6% from last month
Lowest Available
$784/mo
cheapest unit on market
Communities
11
tracked daily
Units Listed
149
available now
Price Cuts This Week in Carmel, IN
14 listed units across 6 buildings in Carmel, IN dropped their asking rent in the past 7 days, an average cut of $94/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| SC Bodner Company | Unit 19 | $2,438 | $1,889 | $549 |
| Alexandria of Carmel Apartments | Unit 16 | $2,087 | $1,920 | $167 |
| Redwood Noblesville Webster Drive | Unit 1 | $1,851 | $1,699 | $152 |
| Alexandria of Carmel Apartments | Unit 6 | $1,478 | $1,381 | $97 |
| Avant Apartments | Unit 12 | $2,157 | $2,077 | $80 |
| SC Bodner Company | Unit 4 | $1,790 | $1,713 | $77 |
| SC Bodner Company | Unit 18, The Elle | $1,946 | $1,889 | $57 |
| Avant Apartments | Unit 17 | $2,661 | $2,631 | $30 |
Rent by Neighborhood in Carmel, IN
Compare average rent across Carmel, IN neighborhoods. Click any area to see detailed trends. View these neighborhoods on the rent map
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Carmel 46280 | $2,103 | $0 | $1,597 | 1 | 10 |
| Carmel 46032 | $1,741 | ▲ $10 | $784 | 6 | 89 |
| Noblesville 46062 | $1,699 | ▼ $538 | $1,699 | 1 | 1 |
| Washington Township | $1,628 | ▼ $57 | $1,233 | 1 | 26 |
| Greenbriar | $1,535 | ▼ $34 | $1,185 | 1 | 7 |
| Castleton | $1,281 | ▼ $49 | $1,080 | 1 | 17 |
Is Rent Going Up or Down in Carmel, IN?
As of August 2026, the average rent in Carmel, IN is $1,688 per month across 11 apartment communities and 149 available units. Rents have decreased $61 (3.6%) over the past month.
The most affordable option is SC Bodner Company starting at $784/mo. By unit type, a studio averages $1,334/mo, a 1-bedroom averages $1,482/mo, a 2-bedroom averages $1,778/mo, a 3-bedroom averages $2,234/mo, a 4-bedroom averages $784/mo.
Prices range from $784 to $3,193 per month. The most common price point is the $1,200 range, where 30 units are currently listed.
Carmel, IN Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| June 2026 | $1,818 | - | 9 |
| July 2026 | $1,762 | -$56 | 11 |
| August 2026 | $1,698 | -$64 | 12 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Carmel, IN
Rent Prices by Apartment in Carmel, IN
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| SC Bodner Company | $784/mo | $1,516/mo | 25 | 3.9 |
| Parkside at Castleton Square Apartments and Townhomes | $1,080/mo | $1,291/mo | 16 | 3.8 |
| Chelsea Village Apartments | $1,185/mo | $1,535/mo | 7 | 4 |
| Nook Nine | $1,233/mo | $1,628/mo | 26 | 5 |
| Alexandria of Carmel Apartments | $1,254/mo | $1,629/mo | 17 | 4.3 |
| Avant Apartments | $1,355/mo | $2,062/mo | 24 | 4.3 |
| The Olivia on Main | $1,405/mo | $1,723/mo | 16 | 4.6 |
Frequently Asked Questions About Rent in Carmel, IN
What is the average rent in Carmel, IN?
Is rent going up or down in Carmel, IN?
What is the cheapest apartment in Carmel, IN?
How much is a 1-bedroom apartment in Carmel, IN?
How many apartments are available in Carmel, IN?
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
$68,000/year
Based on the 30 percent rule, using our tracked average rent of $1,688/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 66% 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) | $1,688 |
| Utilities | $374 |
| Groceries | $512 |
| Transportation | $892 |
| Healthcare | $435 |
| Other goods and services | $696 |
| Estimated total | $4,597/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.
Google Search Trends for Carmel, IN Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Carmel, IN Apartments
Browse all 11 communities with daily-updated pricing and availability.