Top Rated Apartments for Rent in Carmel, IN Under $1,500 (35 Rentals)

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Apartments in Carmel with the best features, newest construction, and richest amenities.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Penn Circle
1 to 2 Bedroom Apartments

Penn Circle

12415 N Pennsylvania StCarmel, IN 46032
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Carmel - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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VITRA Apartments
1 to 2 Bedroom Apartments

VITRA Apartments

8785 Keystone XingIndianapolis, IN 46240
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Carmel, IN Local Guide

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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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 Carmel

How much are Studio apartments in Carmel?

There are currently 29 Studio Apartments in Carmel with rent ranges from $817 to $6,201 with an average price of $2,005.

What is the current price range for One Bedroom Carmel Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Carmel ranges from $425 to $3,471 with an average monthly rent of $1,561.

What does renting a Two Bedroom Apartment in Carmel cost?

The monthly rent prices of Two Bedroom Apartments currently available in Carmel range from $1,008 to $5,000. Today's average rental price for Two Bedrooms here is $2,008.

How expensive are Carmel Three Bedroom Apartments?

There are currently 75 Three Bedroom Apartments listings available in Carmel on ApartmentHomeLiving.com. The pricing ranges from $1,159 to $5,588 - averaging $2,397 for the location.

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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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

Written by: Wendy Melton

Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.