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51 Apartments for rent in Carmel, IN

Read Guide >
Last updated September 24 at 3:16PM
12651 CERROMAR Court
Plum Creek
Carmel, IN
Updated September 13 at 2:39AM
6 Bedrooms
$1,895
12420 BROOKLINE Street
Carmel Station
Carmel, IN
Updated September 24 at 10:23AM
2 Bedrooms
$1,295
12002 Esty Way
Townhomes at Hazell Dell
Carmel, IN
Updated September 6 at 2:58AM
3 Bedrooms
$1,650
5806 Corralberry Court
Haverstick
Carmel, IN
Updated September 22 at 10:03AM
4 Bedrooms
$2,200
3821 Brigade Circle
The Park at Weston Place
Carmel, IN
Updated September 22 at 10:03AM
4 Bedrooms
$2,300
6534 RED CEDAR Way
Cherry Creek Estates
Carmel, IN
Updated September 21 at 2:42AM
4 Bedrooms
$3,300
70 MONON Lane
Traditions on The Monon
Carmel, IN
Updated September 16 at 10:33AM
2 Bedrooms
$1,600
12651 Cerromar Ct
Plum Creek
Carmel, IN
Updated September 13 at 9:38AM
3 Bedrooms
$1,895
11430 MCKENZIE Parkway
Guilford Park
Carmel, IN
Updated September 13 at 2:39AM
4 Bedrooms
$1,900
10335 WINDEMERE Boulevard
Windemere
Carmel, IN
Updated September 20 at 2:50AM
5 Bedrooms
$5,500
13982 PLATTE Drive
Cherry Creek Estates
Carmel, IN
Updated September 16 at 10:33AM
2 Bedrooms
$2,350
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City Guide
Carmel
Living in Carmel

Feeling Arty?

If youre a fan of artistic endeavor, or an artist yourself, youll feel right at home in Carmel. Just a short drive from the urban mecca of Indianapolis, Carmel is a destination in its own right with its Art and Design District and City Center, its award-winning massive Carmel Clay Public Library, and the Hamilton County Convention and Visitors Bureau. The art district area hosts a collection of galleries, cafes, restaurants, and boutique shops. Throughout the district, youll find massive and life-like sculptures created by renowned sculptor John Seward Johnson II, who bears the sobriquet "The Normal Rockwell of American Sculpture."

The District hosts several major events. One major draw is the Carmel Artomobilia Collector Car Show, which features a huge display of classic and exotic cars, as well as art works inspired by cars. Every fall, the Carmel International Arts Festival brings together artists, music, and dance from around the world, as well as a childrens activity center with hands-on art.

Education and Industry

The artistic bent of the town is matched by its business community. The town’s Meridian Corridor contains office space for more than forty corporations, including Pearson Education, Delta Faucet, and ITT Tech. With many residents employed within the city, commute times are under thirty minutes city wide.

Award Winner

Along with Carmels selection as the ###1 place to live in the U.S. by CNNs Money Magazine in 2012, the town's Arbor Day program received the International Society of Arboriculture’s Gold Leaf Award. An Engineering Excellent Award issued by the American Council of Engineering Excellence and a Climate Protection Award given by the U.S. Conference of Mayors are just a few of the other citations the city has received. In additions, it’s received the Bronze Level designation by the League of American Bicyclists as a Bicycle Friendly Community.

Farm to Table

One of the largest in Indiana, The Carmel Farmers Market is held from May to October, and is well stocked with locally sourced produce and meats.Small cafes and eclectic restaurants dominate the food scene, offering a distinctive local outlook on healthy eating.

Fitness First

The Carmel Monon Center keeps you fit even when winter weather puts a chill in the air. An indoor lap pool, a play pool with indoor water slides, and an indoor running track are all a part of this structure in Carmel’s Central Park. Outdoors, a massive outdoor water park includes a lazy river and a childrens pool.And Central Park isnt the only green space in town. The Popular Flowing Well Park has its own natural artesian well - drink up!

Find some peace and tranquility at the Japanese Garden, dedicated to the 15th anniversary of Carmel’s relationship with its sister city, Kawachinagano, Japan. Enjoy a cup of green tea in the pretty tea gazebo.

The Monon Trail bicycle trail runs straight through Carmel to the neighboring community of Sheriden. Shaded and scenic, the towns bike trails are well used, even in the wintertime.

Carmel City Center

The heart of the city is a new mixed use development project where the Center for the Performing Arts, restaurants, apartment complexes, restaurants, retail shops and corporations are positioned side by side. Looking for a vibrant, artistic community? Then start here. You may also want to start your rental search here, if youre looking for a dynamic, all-in-one residence, with easy access to shopping, entertainment, and housing all in one spot. The performing arts center houses a theater and concert stage, and features national and touring acts as well as community-based theatrical performances.

Nearby youll find the heart of Old Town Carmel in the Arts and Design District with its specialty shows, galleries, and designers. You’ll love the architecture, and the feeling of walkability here.

Clay Terrace retail center offers great shopping from national chains and specialty retail shops, including Whole Foods and Dicks Sporting Goods.

Rental Tips for Moving to Carmel

Allow plenty of time for your apartment search in Carmel. As the eighth largest Indiana community, it is very popular. You’ll find three bedroom homes for rent, and apartment homes of all types, but you’ll have to look for them.

A white collar town with appeal to families and singles alike, this is a well educated community with many occupants working in sales, management, and the arts.If you like a location with well defined spring, summer, fall and winter seasons, Carmel will appeal; with social activities and local sports teams, Carmel is a good place to stay a while.

Neighborhoods in Carmel

Northwood Hills: Suburban-feeling with medium-sized homes and town homes mostly built between 1970 and the present. A preponderance of couples with college degrees reside here in this community. Many residents have ethnic roots in Germany and Asia.

N Meridian St / W Main St: Suburban and middle income, here youll find modern properties ranging from apartment complexes and high rises to single family homes. Your apartment search will turn up a number of alternatives here. The residents range from families to singles, and this community is known for being welcoming to senior citizens. It’s an excellent retirement community, with walkable neighborhoods. Residents work in management, sales and service, and tech support occupations.

Orchard Park / Chesterton: Small apartment complexes and medium-sized three bedroom homes for rent dominate this community. Some of the homes here are more historic than in other Carmel communities, with older buildings dating from 1940 onward. Sales, professional jobs, and manufacturing occupations are all found in this community. You’ll find many residents with German, Irish, and Asian ancestry here.

Home Crest/Echo Crest: A mix of residential offerings from apartments to homes, with some properties dating from 1940, and others more modern, make up this community. While the community holds a mix of workers in all professions, some 20% work in food service positions.

Rent Report
Carmel

September 2017 Carmel Rent Report

Welcome to the September 2017 Carmel Rent Report. Carmel rents declined over the past month. In this report, we'll evaluate trends in the Carmel rental market, including comparisons to similar cities nationwide.

Carmel rents declined significantly over the past month

Carmel rents have declined 0.4% over the past month, but have increased slightly by 1.7% in comparison to the same time last year. Currently, median rents in Carmel stand at $960 for a one-bedroom apartment and $1,180 for a two-bedroom. Carmel's year-over-year rent growth lags the state average of 2.0%, as well as the national average of 3.0%.

Carmel rents more affordable than many large cities nationwide

Rent growth in Carmel has been relatively stable over the past year - some other large cities have seen more substantial increases. Carmel is still more affordable than most large cities across the country.

  • Other cities across the state have seen rents increase, with Indiana as a whole logging rent growth of 2.0% over the past year.
  • Carmel's median two-bedroom rent of $1,180 is slightly above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 1.7% rise in Carmel.
  • While rents in Carmel remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,350 respectively.
  • Renters will find more reasonable prices in Carmel than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than two-and-a-half times the price in Carmel.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Indianapolis $680 $850 0.1% 2.4%
Carmel $960 $1,180 -0.4% 1.7%
Fishers $960 $1,190 -0.7% 0.6%
Noblesville $780 $960 -0.2% 0.8%
Greenwood $710 $880 -0.2% 2.6%
Zionsville $1,250 $1,550 0.2% 1.6%

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.