Last updated
Average Rent in Carmel, IN & Rent Trends
Rent prices and market trends across 10 apartment communities in Carmel, IN. Updated daily.
Market Average
$1,688/mo
▲ +6% from last month
Lowest Available
$1,000/mo
cheapest unit on market
Communities
10
tracked daily
Units Listed
109
available now
Rent Watch: cuts and increases
Open Rent Watch →See current options while we confirm new price comparisons. Filter by bedrooms and budget, then inspect each building’s history.
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 |
| Noblesville 46062 | $1,998 | ▲ $170 | $1,998 | 1 | 1 |
| Carmel 46032 | $1,766 | ▼ $22 | $1,373 | 5 | 54 |
| Washington Township | $1,623 | ▲ $35 | $1,212 | 1 | 20 |
| Greenbriar | $1,430 | ▼ $62 | $1,226 | 1 | 7 |
| Castleton | $1,364 | ▲ $20 | $1,000 | 1 | 17 |
Is Rent Going Up or Down in Carmel, IN?
As of October 2026, the average rent in Carmel, IN is $1,688 per month across 10 apartment communities and 109 available units. Rents have increased $96 (6%) over the past month.
The most affordable option is Parkside at Castleton Square Apartments and Townhomes starting at $1,000/mo. By unit type, a studio averages $1,293/mo, a 1-bedroom averages $1,467/mo, a 2-bedroom averages $1,828/mo, a 3-bedroom averages $2,166/mo.
Prices range from $1,000 to $2,926 per month. The most common price point is the $1,400 range, where 27 units are currently listed.
Carmel, IN Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| June 2026 | $1,818 | - | 9 |
| July 2026 | $1,777 | -$41 | 10 |
| August 2026 | $1,707 | -$70 | 10 |
| September 2026 | $1,723 | +$16 | 10 |
| October 2026 | $1,710 | -$13 | 9 |
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 |
|---|---|---|---|---|
| Parkside at Castleton Square Apartments and Townhomes | $1,000/mo | $1,364/mo | 17 | 3.8 |
| Nook Nine | $1,212/mo | $1,623/mo | 20 | 5 |
| Chelsea Village Apartments | $1,226/mo | $1,430/mo | 7 | 4 |
| Alexandria of Carmel Apartments | $1,373/mo | $1,660/mo | 12 | 4.3 |
| The Olivia on Main | $1,375/mo | $1,643/mo | 16 | 4.6 |
| Avant Apartments | $1,554/mo | $1,884/mo | 19 | 4.3 |
| The Retreat at Carmel | $1,597/mo | $2,103/mo | 10 | 4.5 |
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 ($1,000/mo), you need to earn at least $40,000/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
Census rent burden
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
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