Last updated
Average Rent in Carmel, IN & Rent Trends
Rent prices and market trends across 2 apartment communities in Carmel, IN. Updated daily.
Market Average
$1,539/mo
▼ 12.1% from last month
Lowest Available
$1,195/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
6
available now
Rent by Neighborhood in Carmel, IN
Compare average rent across Carmel, IN neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| Carmel 46062 | $2,519 | $2,519 | 1 | 1 |
| Carmel 46032 | $1,684 | $1,425 | 3 | 5 |
| Washington Township | $1,590 | $995 | 1 | 14 |
Is Rent Going Up or Down in Carmel, IN?
As of May 2026, the average rent in Carmel, IN is $1,539 per month across 2 apartment communities and 6 available units. Rents have decreased $226 (12.1%) over the past month.
The most affordable option is Red Door Property Management starting at $1,195/mo. By unit type, a 3-bedroom averages $1,539/mo.
Prices range from $1,195 to $2,195 per month. The most common price point is the $1,000 range, where 3 units are currently listed.
Carmel, IN Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Carmel, IN
Rent Prices by Apartment in Carmel, IN
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Red Door Property Management | $1,195/mo | $1,475/mo | 5 | 4.5 |
| Alexandria of Carmel Apartments | $1,861/mo | $1,861/mo | 1 | 4.3 |
Google Search Trends for Carmel, IN Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Carmel, IN
What is the average rent in Carmel, IN?
Is rent going up or down in Carmel, IN?
What is the cheapest apartment in Carmel, IN?
How many apartments are available in Carmel, IN?
What salary do I need to live comfortably in Carmel, IN?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$62,000/year
30 percent rule -- using our average rent of $1,539/mo.
Comfortable income
$74,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,195/mo), you need to earn at least $48,000/year.
Cost of living in Carmel, IN
We only have live rent data for Carmel, IN so far. The full cost of living breakdown (utilities, groceries, transportation, healthcare) is coming soon.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,539 |
| Estimated total | $1,539/mo |
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures are refreshed annually.
Explore Carmel, IN Apartments
Browse all 2 communities with daily-updated pricing and availability.