50 Luxury Apartments for rent in Carmel, IN

Last updated November 19 at 8:44pm UTC
13066 Fleetwood Drive
Westpark at Springmill
Carmel, IN
Updated November 11 at 2:17am UTC
4 Bedrooms
$2,200
211 Carmelview Drive
Carmel View
Carmel, IN
Updated November 9 at 2:01am UTC
3 Bedrooms
$1,600
730 W. Auman Drive
Carmel
Carmel, IN
Updated November 16 at 12:08pm UTC
4 Bedrooms
$1,425
13502 Flintridge Pass
Haverstick
Carmel, IN
Updated November 16 at 12:14pm UTC
4 Bedrooms
$2,399
12770 Horseferry Road
Village of Westclay
Carmel, IN
Updated October 18 at 2:15am UTC
Studio
$5,250
1069 Cavendish Drive
Westpark at Springmill
Carmel, IN
Updated October 26 at 2:21am UTC
3 Bedrooms
$1,900
15 East Main Street
Carmel
Carmel, IN
Updated October 14 at 9:52am UTC
Studio
$2,500
10335 WINDEMERE Boulevard
Windemere
Carmel, IN
Updated October 27 at 9:39am UTC
5 Bedrooms
$5,500
628 Ash Drive
Carmel Village
Carmel, IN
Updated September 22 at 2:33am UTC
3 Bedrooms
$1,550
517 Chauncy Street
Carmel Station
Carmel, IN
Updated November 11 at 9:22am UTC
2 Bedrooms
$1,300
412 West Main Street
Carmel
Carmel, IN
Updated October 17 at 2:25am UTC
2 Bedrooms
$1,850
5806 Corralberry Court
Haverstick
Carmel, IN
Updated October 6 at 10:11am UTC
4 Bedrooms
$2,200
4118 ROLLING SPRINGS Drive
Woodland Green
Carmel, IN
Updated November 10 at 1:39am UTC
5 Bedrooms
$2,300
10755 Bunker Hill Dr.
The Villages at Weston Place
Carmel, IN
Updated November 2 at 12:23pm UTC
4 Bedrooms
$1,750
324 Neuman Way
Carmel
Carmel, IN
Updated November 14 at 1:34am UTC
2 Bedrooms
$1,930
Apartment List detective logo

Keep Looking!

Try removing some filters or broadening your
search area to see more results.

Apartment List detective logo

Zoom in to see more.

Trying to get a feel for the larger area? No problem.
When you're ready, zoom in again to see pins and listings.

Apartment List sad heart

Something went wrong.

Please try your search again or reload the page.

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.

View full Carmel Rent Report
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.