Rentometer, Inc. | Data as of 10/23/2025
Carmel, Indiana, offers a vibrant rental market that blends suburban charm with urban convenience, making it a top choice for professionals, families, and retirees alike. The city’s well‑planned neighborhoods, such as the popular Homeplace and the upscale Riverglen, provide easy access to premier shopping destinations like the Carmel Arts & Design District, as well as cultural attractions including the Palladium at the Center for the Performing Arts. Residents also enjoy proximity to top‑rated schools, expansive park systems, and a network of bike trails that connect the community to nearby downtown Indianapolis.
Rental options in Carmel cater to a wide range of lifestyle needs. Modern apartment complexes feature studio units that typically rent in the $1300s, while one‑ and two‑bedroom apartments often fall within the $1600‑$2000 range, and spacious three‑bedroom units can approach the $2500‑$2600 bracket. For those seeking more space, single‑family homes are plentiful, with two‑bedroom houses averaging around $2000 and larger three‑ and four‑plus bedroom homes commonly listed in the $2400‑$3100 range. Many properties boast contemporary finishes, gated communities, and amenities such as fitness centers, pet‑friendly policies, and on‑site parking.
The combination of diverse housing choices, strong local amenities, and a reputation for safety makes Carmel an appealing destination for renters seeking both comfort and convenience. Whether you’re looking for a sleek downtown apartment near trendy eateries or a family‑friendly house in a quiet cul‑de‑sac, Carmel’s rental market provides a compelling blend of affordability, quality, and lifestyle.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,413 | $1,410 | $1,171 - $1,568 | $1,280 - $1,531 |
| Apartment | 1 Bedroom | $1,589 | $1,595 | $800 - $2,294 | $1,400 - $1,728 |
| Apartment | 2 Bedroom | $2,008 | $1,952 | $780 - $3,750 | $1,632 - $2,235 |
| Apartment | 3 Bedroom | $2,488 | $2,449 | $1,250 - $3,896 | $1,925 - $2,820 |
| House | 2 Bedroom | $2,118 | $2,300 | $950 - $3,000 | $1,750 - $2,500 |
| House | 3 Bedroom | $2,541 | $2,450 | $1,275 - $5,400 | $2,000 - $2,875 |
| House | 4+ Bedroom | $3,340 | $3,200 | $1,900 - $9,750 | $2,800 - $3,800 |
In the current period, the average rent in Carmel was $1,414 for Studio, $1,585 for 1 Bedroom, $2,022 for 2 Bedroom, $2,529 for 3 Bedroom, and $3,151 for 4+ Bedroom.
Data provided by Rentometer, Inc.