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51 Apartments for rent in Carmel, IN

Read Guide >
Last updated November 23 at 8:05pm UTC
655 Marana Drive
Hunters Creek South
Carmel, IN
Updated November 10 at 1:39am UTC
3 Bedrooms
$1,700
15340 MYSTIC ROCK Drive
Bridgewater Club
Carmel, IN
Updated November 17 at 10:09am UTC
2 Bedrooms
$1,500
307 S Guilford Rd
Westpark at Springmill
Carmel, IN
Updated November 23 at 9:48am UTC
4 Bedrooms
$1,550
13066 Fleetwood Drive
Westpark at Springmill
Carmel, IN
Updated November 11 at 2:17am UTC
4 Bedrooms
$2,200
517 Chauncy Street
Carmel Station
Carmel, IN
Updated November 11 at 9:22am UTC
2 Bedrooms
$1,300
628 Ash Drive
Carmel Village
Carmel, IN
Updated September 22 at 2:33am UTC
3 Bedrooms
$1,550
14966 COPPER TREE Way
Silver Thorne
Carmel, IN
Updated November 4 at 2:26am UTC
4 Bedrooms
$1,550
412 West Main Street
Carmel
Carmel, IN
Updated October 17 at 2:25am UTC
2 Bedrooms
$1,850
27 East Main Street, Suite 200
Carmel
Carmel, IN
Updated October 10 at 10:02am UTC
Studio
$1,800
12929 Brighton Avenue
Springmill Streams
Carmel, IN
Updated November 11 at 2:17am UTC
6 Bedrooms
$3,850
5315 Rippling Brook Way
Spring Creek
Carmel, IN
Updated November 21 at 1:43am UTC
4 Bedrooms
$1,800
211 Carmelview Drive
Carmel View
Carmel, IN
Updated November 9 at 2:01am UTC
3 Bedrooms
$1,600
75 Executive Drive
Carmel
Carmel, IN
Updated August 26 at 4:16am UTC
Studio
$3,625
499 Beals Street
Carmel Station
Carmel, IN
Updated October 4 at 2:49am UTC
2 Bedrooms
$1,400
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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

November 2017 Carmel Rent Report

Welcome to the November 2017 Carmel Rent Report. Carmel rents remained steady over the past month. In this report, we'll evaluate trends in the Carmel rental market, including comparisons to cities throughout the state and nation.

Carmel rents held steady over the past month

Carmel rents have remained flat over the past month, however, they are up slightly by 1.7% year-over-year. Currently, median rents in Carmel stand at $960 for a one-bedroom apartment and $1,190 for a two-bedroom. Carmel's year-over-year rent growth is level with the state average of 1.7%, but lags the national average of 2.7%.

Rents rising across cities in Indiana

Throughout the past year, rent increases have been occurring not just in the city of Carmel, but across the entire state. Of the largest 10 cities that we have data for in Indiana, 8 of them have seen prices rise. The state as a whole logged rent growth of 1.7% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Fishers is the most expensive of all Indiana's major cities, with a median two-bedroom rent of $1,190; of the 10 largest cities in Indiana that we have data for, Fishers and Lafayette, where two-bedrooms go for $1,190 and $800, are the only two major cities in the state to see rents fall year-over-year (-0.3% and -0.2%).
  • Indianapolis, Greenwood, and Evansville have all experienced year-over-year growth above the state average (2.6%, 2.3%, and 1.9%, respectively).

Carmel rents more affordable than many large cities nationwide

As rents have increased slightly in Carmel, large cities nationwide have seen rents grow more quickly. Carmel is still more affordable than most large cities across the country.

  • Carmel's median two-bedroom rent of $1,190 is slightly above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 1.7% rise in Carmel.
  • While Carmel's rents rose slightly over the past year, many cities nationwide saw more substantial increases, including Seattle (+4.2%), Phoenix (+4.1%), and Dallas (+2.6%).
  • 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% 2.6%
Carmel $960 $1,190 -0.0% 1.7%
Fishers $960 $1,190 -0.3% -0.3%
Noblesville $780 $960 0.2% 1.8%
Greenwood $710 $880 0.1% 2.3%
Zionsville $1,210 $1,490 -2.4% -1.2%

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.