Cheap Apartments for Rent in Carmel, IN from $400 (46 Rentals)

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Search the lowest-cost Apartments available for rent right now in Carmel.

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Twin Lakes Apartments
1 to 3 Bedroom Apartments

Twin Lakes Apartments

616 Ransburg Dr SCarmel, IN 46032
Utilities inc.
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Hampshire Court
1 to 2 Bedroom Apartments

Hampshire Court

2455 Rolls DrIndianapolis, IN 46268
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Carlyle Court
1 Bedroom Apartments

Carlyle Court

951 Carlyle LnIndianapolis, IN 46240
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Turtle Creek
Studio to 2 Bedroom Apartments

Turtle Creek

8253 Harcourt RdIndianapolis, IN 46260
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Crestwood Village North
Studio to 2 Bedroom Apartments

Crestwood Village North

9225 Garrison DrIndianapolis, IN 46240
Senior Living
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Grove on 79th
1 to 2 Bedroom Apartments

Grove on 79th

2000 W 79th StIndianapolis, IN 46260
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Slate Run Lofts
Studio to 2 Bedroom Apartments

Slate Run Lofts

9555 International DrIndianapolis, IN 46268
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Northview
1 to 2 Bedroom Apartments

Northview

8607 Cholla RdIndianapolis, IN 46240
Showing Results 1-46, Page 1 of 1

Carmel, IN Local Guide

Cheapest Neighborhoods for Apartments in Carmel, IN

Pricing Updated: 02/22/2025

Current apartment rentals in the Carmel, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Carmel Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Carmel$2,809$1,1415721

Cheapest Available Carmel Apartments for Rent

 

The cheapest available apartment rental in Carmel, IN is a 1 Bed unit found at The Retreat Northwest in the Spring Arbor neighborhood priced from $652. Carlton Apartments in the Spring Arbor neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $785. Here is today’s list of the most affordable Carmel apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Retreat Northwest1 Bedroom 1 Bathroom 753 Sq. Ft.1BR,1BA$652
Carlton ApartmentsVilla1BR,1BA$785
The Hub at NoraStudio - 441 Sq FtStudio,1BA$800
Turtle CreekStudio 3rdStudio,1BA$817
Reflections ApartmentsReplicaStudio,1BA$829
Riverbend ApartmentsBarcelona1BR,1BA$867
River Road ApartmentsCottage1BR,1BA$890
Grove on 79th1 Bed 1 Bath Apartment1BR,1BA$900
Pickwick Farms ApartmentsStudioStudio,1BA$905
The Towers at Crooked Creek Senior Housing1BD1BR,1BA$912

Best Value Apartments for Rent in Carmel, IN

As of February 22, 2025 the best value apartment in the Carmel area is the $1.32 price per square foot 7176B2 Model at Pinnacle on Meridian in the in the Nora neighborhood starting from $2,899. The second greatest value Carmel apartment is the Discovery Model at Casey Corner Townhomes starting at $2,395 with a $1.35 price per square foot in the Countryside/Richter`s Corner neighborhood. Here is today’s list of the best values for Carmel apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pinnacle on Meridian7176B22BR,2BA$1.32
Casey Corner TownhomesDiscovery3BR,2.5BA$1.35
Lakes of CarmelLarge Two Bedroom2BR,2BA$1.33
Woodland Springs Apartment HomesTwo Bedroom2BR,2BA$1.16
Ivy Knoll Apartments2Bd/2Ba Dn W/D2BR,2BA$1.14
North Willow2 Bed/1 Ba w/FP-Up2BR,1BA$1.28
Grove on Harcourt1 Bed 1.5 Bath Apartment w/Den - Renovated1BR,1.5BA$1.26
The JamesonTuscany2BR,2BA$1.36
The Retreat Northwest2 Bedroom 2 Bathroom 905 Sq. Ft.2BR,2BA$1.34
Scandia ApartmentsTivoli1BR,1BA$1.28

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Pet Friendly Lifestyle
Carmel, IN

Ranked #2

Among cities in Indiana for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Carmel, IN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Carmel, IN Rentals by Map

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See the most popular apartments and homes in Carmel, IN

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Getting Around Carmel, IN

Walk Score®

58 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

70 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Carmel Apartments

What is the Cheapest Studio apartment in Carmel?

Currently the most affordable Cheap Studio Apartment in Carmel is at The Hub at Nora listed at $800.

How much is rent for a Cheap One Bedroom Carmel Apartment?

The lowest price for a Cheap One Bedroom Carmel Apartment is $652 at The Retreat Northwest.

What is the lowest price for a Cheap Two Bedroom Carmel Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Carmel is starting from $999 at Grove on Harcourt.

What is the most affordable Carmel Three Bedroom Apartment?

The best deal on a cheap Carmel Three Bedroom Apartment rental is at Grove on Harcourt and starts from $1,200.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.