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
$1,702/mo
▼ 1.7% from last month
Lowest Available
$700/mo
cheapest unit on market
Communities
11
tracked daily
Units Listed
118
available now
Price Cuts This Week in Carmel, IN
18 listed units across 4 buildings in Carmel, IN dropped their asking rent in the past 7 days, an average cut of $67/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Nook Nine | Unit 10, Veranda | $2,066 | $1,950 | $116 |
| Nook Nine | Unit 5, Osage | $1,718 | $1,609 | $109 |
| Nook Nine | Unit 6, Serape | $1,595 | $1,486 | $109 |
| Nook Nine | Unit 7, Emberglow | $1,543 | $1,434 | $109 |
| Nook Nine | Unit 8, Moonraker | $1,639 | $1,530 | $109 |
| Nook Nine | Unit 3, Tassel | $1,384 | $1,279 | $105 |
| Chelsea Village Apartments | Unit 5 | $1,534 | $1,438 | $96 |
| Chelsea Village Apartments | Unit 4 | $1,469 | $1,391 | $78 |
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 46062 | $2,219 | ▼ $356 | $2,219 | 1 | 1 |
| Carmel 46280 | $2,103 | - | $1,597 | 1 | 10 |
| Carmel 46032 | $1,735 | ▲ $65 | $700 | 5 | 63 |
| Washington Township | $1,611 | ▲ $39 | $995 | 2 | 27 |
| Greenbriar | $1,602 | - | $1,142 | 1 | 7 |
| Castleton | $1,360 | ▲ $9 | $1,150 | 1 | 10 |
Is Rent Going Up or Down in Carmel, IN?
As of July 2026, the average rent in Carmel, IN is $1,702 per month across 11 apartment communities and 118 available units. Rents have decreased $30 (1.7%) over the past month.
The most affordable option is SC Bodner Company starting at $700/mo. By unit type, a studio averages $1,237/mo, a 1-bedroom averages $1,512/mo, a 2-bedroom averages $1,754/mo, a 3-bedroom averages $2,138/mo, a 4-bedroom averages $1,843/mo.
Prices range from $700 to $3,193 per month. The most common price point is the $1,400 range, where 22 units are currently listed.
Carmel, IN Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| May 2026 | $1,839 | - | 5 |
| June 2026 | $1,808 | -$31 | 9 |
| July 2026 | $1,766 | -$42 | 11 |
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 | $700/mo | $1,440/mo | 26 | 3.9 |
| Red Door Property Management | $995/mo | $1,590/mo | 14 | 4.5 |
| Chelsea Village Apartments | $1,142/mo | $1,602/mo | 7 | 4 |
| Parkside at Castleton Square Apartments and Townhomes | $1,150/mo | $1,360/mo | 10 | 3.8 |
| Nook Nine | $1,279/mo | $1,633/mo | 13 | 5 |
| Avant Apartments | $1,355/mo | $2,047/mo | 24 | 4.3 |
| Alexandria of Carmel Apartments | $1,435/mo | $1,650/mo | 6 | 4.3 |
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 $1,702/mo.
Comfortable income
$82,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($700/mo), you need to earn at least $28,000/year.
Median household income in Carmel, IN is $134,602 , about 65% 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) | $1,702 |
| Utilities | $374 |
| Groceries | $512 |
| Transportation | $892 |
| Healthcare | $435 |
| Other goods and services | $696 |
| Estimated total | $4,611/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.