Average Rent in Carmel, IN
9 apartment buildings, 90 units. Real asking prices, refreshed daily.
Avg Rent
$1,761/mo
market average
Cheapest
$995/mo
Red Door Property Management
Properties
9
tracked daily
Units
90
available now
Carmel, IN Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 9 properties in Carmel, IN.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Carmel, IN Rent Prices
All 9 properties ranked by lowest available rent.
Red Door Property Management
3815 River Crossing Pkwy #100, Indianapolis, IN 46240, USA
Parkside at Castleton Square Apartments and Townhomes
6401 Woods Edge N Dr, Indianapolis, IN 46250, USA
Chelsea Village Apartments
9280 Chelsea Village Dr, Indianapolis, IN 46260, USA
Avant Apartments
12890 Old Meridian St, Carmel, IN 46032, USA
Nook Nine
9433 Avant Avenue, Indianapolis, IN 46240, USA
Alexandria of Carmel Apartments
1411 Fairfax Manor Dr, Carmel, IN 46032, USA
The Retreat at Carmel
1661 Sierra Springs, Carmel, IN 46280, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Red Door Property Management 3815 River Crossing Pkwy #100, Indianapolis, IN 46240, USA | $995 | $1,590 | $1.03 | 4.5 (458) | 14 |
| 2 | Parkside at Castleton Square Apartments and Townhomes 6401 Woods Edge N Dr, Indianapolis, IN 46250, USA | $1,060 | $1,248 | $1.46 | 3.8 (127) | 10 |
| 3 | Chelsea Village Apartments 9280 Chelsea Village Dr, Indianapolis, IN 46260, USA | $1,158 | $1,625 | $1.56 | 4 (89) | 7 |
| 4 | Avant Apartments 12890 Old Meridian St, Carmel, IN 46032, USA | $1,355 | $2,025 | $1.93 | 4.3 (275) | 24 |
| 5 | Nook Nine 9433 Avant Avenue, Indianapolis, IN 46240, USA | $1,384 | $1,695 | $2.24 | 5 (43) | 13 |
| 6 | Alexandria of Carmel Apartments 1411 Fairfax Manor Dr, Carmel, IN 46032, USA | $1,427 | $1,659 | $1.76 | 4.3 (375) | 9 |
| 7 | The Retreat at Carmel 1661 Sierra Springs, Carmel, IN 46280, USA | $1,597 | $2,103 | $1.46 | 4.5 (26) | 10 |
Explore Each Property
Red Door Property Management
4.5 (458)3815 River Crossing Pkwy #100, Indianapolis, IN 46240, USA
Parkside at Castleton Square Apartments and Townhomes
3.8 (127)6401 Woods Edge N Dr, Indianapolis, IN 46250, USA
Chelsea Village Apartments
4 (89)9280 Chelsea Village Dr, Indianapolis, IN 46260, USA
Avant Apartments
4.3 (275)12890 Old Meridian St, Carmel, IN 46032, USA
Nook Nine
5 (43)9433 Avant Avenue, Indianapolis, IN 46240, USA
Alexandria of Carmel Apartments
4.3 (375)1411 Fairfax Manor Dr, Carmel, IN 46032, USA
Carmel, IN Average Rent Prices 2026
The average rent in Carmel, IN is $1,761 per month, based on 90 units across 9 apartment communities. Prices range from $995 at Red Door Property Management to $2,149 at Redwood Noblesville Webster Drive.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,414/mo | $1,355/mo | 6 |
| 1 Bed | $1,469/mo | $995/mo | 25 |
| 2 Bed | $1,795/mo | $1,075/mo | 41 |
| 3 Bed | $2,186/mo | $1,195/mo | 16 |
| 4 Bed | $2,373/mo | $1,595/mo | 2 |
Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Building Economics
How much do Carmel, IN apartments earn?
The 7 buildings we can estimate generate about $1.0M in rental revenue per month ($13M a year). Estimated from each building's unit-level listing and leasing activity.
| Building | Est. Monthly Revenue | Est. Occupancy | Units |
|---|---|---|---|
| 1.Avant Apartments | $255K/mo | 84% | 150 |
| 2.Parkside at Castleton Square Apartments and Townhomes | $184K/mo | 93% | 150 |
| 3.Alexandria of Carmel Apartments | $181K/mo | 92% | 114 |
| 4.Red Door Property Management | $111K/mo | 83% | 84 |
| 5.Nook Nine | $110K/mo | 83% | 78 |
Research estimates from listing activity, not operator financials. Click any building for the full revenue breakdown and methodology.
Market Context
Who rents in Carmel, IN, and what they pay
Tracked one-bedroom rent in Carmel, IN averages $1,469/mo, with two-bedroom units averaging $1,795/mo. At the local median household income of $134,602, that works out to 16% of gross income, well within the 25 percent comfortable-rent threshold.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Carmel, IN at $1,607/mo. The current tracked market average runs 10% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Carmel, IN while the tracked market average covers units currently listed in larger apartment communities.
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
$70,000/year
Based on the 30 percent rule, using our tracked average rent of $1,761/mo.
Comfortable income
$85,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($995/mo), you need to earn at least $40,000/year.
Median household income in Carmel, IN is $134,602 , about 59% above the comfortable-living threshold.
Cost of living in Carmel, IN
Overall prices in Carmel, IN runs below the national average by about 5% (BEA Regional Price Parity index 94.7, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Carmel, IN's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,761 |
| Utilities | $374 |
| Groceries | $512 |
| Transportation | $892 |
| Healthcare | $435 |
| Other goods and services | $696 |
| Estimated total | $4,670/mo |
Population
100,501
Median household income
$134,602
Census median rent
$1,607/mo
Rent as % of income
25.8%
Median age
40.5
Mean commute
25 min
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 were last published in 2023.
Compare
Nearby cities in Indiana
How Carmel, IN rent compares to other markets in the state.
| City | Avg Rent | vs Carmel, IN | Properties |
|---|---|---|---|
| Indianapolis, IN | $1,986 | +13% | 9 |
| Greenwood, IN | $1,448 | -18% | 9 |
| Fort Wayne, IN | $1,215 | -31% | 9 |
| Fishers, IN | $1,898 | +8% | 9 |
| Bloomington, IN | $1,882 | +7% | 8 |
| South Bend, IN | $1,458 | -17% | 7 |
Frequently asked questions
What is the average rent in Carmel, IN?
The average rent in Carmel, IN is $1,761 per month, based on 90 units across 9 apartment buildings tracked by Average Rent. Prices are refreshed daily.
What is the cheapest apartment rent in Carmel, IN?
The lowest available rent in Carmel, IN starts at $995 per month. Availability changes daily and prices are refreshed each morning.
How much is a 1-bedroom apartment in Carmel, IN?
1-bedroom apartments in Carmel, IN average $1,469/mo. The lowest listed 1-bedroom starts at $995/mo across 25 units tracked.
How much is a 2-bedroom apartment in Carmel, IN?
2-bedroom apartments in Carmel, IN average $1,795/mo. Units start from $1,075/mo across 41 units currently listed.
Rent Trends in Carmel, IN
Track how apartment prices are changing over time.
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