In unit laundry, Putting green, Golf room, Patio / balcony, Granite counters, Hardwood floors + more
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Garage + more
In unit laundry, Hardwood floors, Pet friendly, Parking, Stainless steel, Walk in closets + more
In unit laundry, Patio / balcony, Pet friendly, 24hr maintenance, Parking, Recently renovated + more
On-site laundry, Patio / balcony, E-payments, Some paid utils, Online portal, and CC payments
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
In unit laundry, Golf room, Hardwood floors, Dishwasher, Pet friendly, Garage + more
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, New construction, 24hr maintenance + more
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Garage + more
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
In unit laundry, Patio / balcony, Pet friendly, 24hr maintenance, Carport, Recently renovated + more
In unit laundry, Patio / balcony, Granite counters, Pet friendly, Garage, Walk in closets + more
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
In unit laundry, Pet friendly, 24hr maintenance, Garage, Walk in closets, Gym + more
Putting green, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Searching for an apartment for rent in Carmel, IN? Look no further! Apartment List will help you find a perfect apartment near you. There are 67 available rental units listed on Apartment List in Carmel. Click on listings to see photos, floorplans, amenities, prices and availability, and much more!
The average rent in Carmel is $1,409 for a studio, $1,463 for a one-bedroom apartment, and $1,735 for a two-bedroom apartment. If you are looking for a deal, keep an eye out for a red pulsing icon that indicates rent specials.
Tired of browsing? Take our personalized quiz. You’ll answer a couple of simple questions and we’ll put together a list of Carmel apartments that are best for you. We’ll also factor in your commute, budget, and preferred amenities. Looking for a pet-friendly rental, or an apartment with in-unit washer and dryer? No problem, we’ll provide you with apartments that match that criteria.
You can trust Apartment List to help you find your next Carmel, IN apartment rental! After all, everyone deserves a home they love.
*Based on base prices that don’t include fees
Welcome to the Apartment List December 2025 Rent Report for Carmel, IN. Currently, the overall median rent in the city stands at $1,514, after falling 0.8% last month. Prices are now down 2.1% year-over-year. Read on to learn more about what’s been happening in the Carmel rental market and how it compares to trends throughout the broader Indianapolis metro area and the nation as a whole.
The median rent in Carmel fell by 0.8% over the course of November, and has now decreased by a total of 2.1% over the past 12 months. Carmel’s rent growth over the past year has has fallen behind the state average (0.0%) and is similar to the national average (-1.1%).
Eleven months into the year, rents in Carmel have fallen 2.2%. This is a slower rate of growth compared to what the city was experiencing at this point last year: from January to November 2024 rents had decreased 0.4%.
If we expand our view to the wider Indianapolis metro area, the median rent is $1,247 meaning that the median price in Carmel ($1,514) is 21.4% greater than the price across the metro as a whole. Metro-wide annual rent growth stands at -0.4%, above the rate of rent growth within just the city.
The table below shows the latest rent stats for 5 cities in the Indianapolis metro area that are included in our database. Among them, Fishers is currently the most expensive, with a median rent of $1,644. Indianapolis is the metro’s most affordable city, with a median rent of $1,223. The metro's fastest annual rent growth is occurring in Fishers (0.5%) while the slowest is in Noblesville (-4.6%).
You can also use the map below to explore the latest rent trends in the Indianapolis metropolitan area.
Apartment List is committed to the accuracy and transparency of our rent estimates. We begin 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, capturing apartment transactions over time 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. For more details, please see the Apartment List Rent Estimate Methodology.
Apartment List publishes monthly rent reports and underlying data for hundreds of cities across the nation, as well as data aggregated for counties, metros, and states. These data are intended to be a source of reliable information that help renters and policymakers make sound decisions. Insights from our data are covered regularly by journalists across the country. To access the data yourself, please visit our Data Downloads Page.
Welcome to the Apartment List December 2025 Rent Report for Carmel, IN. Currently, the overall median rent in the city stands at $1,514, after falling 0.8% last month. Prices are now down 2.1% year-over-year. Read on to learn more about what’s been happening in the Carmel rental market and how it compares to trends throughout the broader Indianapolis metro area and the nation as a whole.
Ever feel like you're going around in circles? With eighty roundabouts in town, Carmel is the unofficial U.S. capital of traffic circles.
Carmel, Indiana, is an artistic, bicycle-friendly, white collar town just north of Indianapolis
View Carmel City GuideEver feel like you're going around in circles? With eighty roundabouts in town, Carmel is the unofficial U.S. capital of traffic circles.
Carmel, Indiana, is an artistic, bicycle-friendly, white collar town just north of Indianapolis
The representation of ethnic minorities in Carmel is lower than the national average. The eight main ethnic groups that make up the population of Carmel are White (75%), Asian (12.4%), Hispanic Or Latino (5.8%), Two Or More (4.1%), Black Or African American (2%), Other (0.6%), American Indian Or Alaska Native (0.2%), and Native Hawaiian Or Other Pacific Islander (0%).
The representation of ethnic minorities in Carmel is lower than the national average. The eight main ethnic groups that make up the population of Carmel are White (75%), Asian (12.4%), Hispanic Or Latino (5.8%), Two Or More (4.1%), Black Or African American (2%), Other (0.6%), American Indian Or Alaska Native (0.2%), and Native Hawaiian Or Other Pacific Islander (0%).
Apartment List has released the results for Carmel from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters nationwide, provides insight on what states and cities must do to meet the needs of the country’s 111 million renters.
