
Cheap Apartments for Rent in the Downtown Carmel Neighborhood of Carmel, IN from $900 (26 Rentals)
Cheap Apartments in the Downtown Carmel area of Carmel.


Woodland Springs Apartment Homes

Alexandria of Carmel Apartments

Lakes of Carmel

Providence at Old Meridian

Governor Square

Carmel Center

OLD TOWN ON THE MONON
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Overture at Proscenium Apartments

Signature at Carmel

The Olivia

Muse Carmel

The Steadman Apartments of Carmel
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.
Downtown Carmel, Carmel, IN Local Guide

How much does it cost to rent an apartment in Downtown Carmel?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Carmel Studio Apartments | $1,482 | $1,144 | $2,214 |
Downtown Carmel 1 Bedroom Apartments | $1,721 | $1,139 | $3,331 |
Downtown Carmel 2 Bedroom Apartments | $2,200 | $1,280 | $3,799 |
Downtown Carmel 3 Bedroom Apartments | $2,400 | $1,608 | $4,202 |
Browse Apartments in this Neighborhood
There are currently 26 rentals with your search options within a 2 mile radius of the Downtown Carmel Neighborhood of Carmel, IN.
See all Apartments in CarmelExplore Carmel
Downtown Carmel, Carmel, IN Local Guide
- Nearby Carmel neighborhoods
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Cheapest Available Downtown Carmel Apartments for Rent
 The cheapest available apartment rental in the Downtown Carmel area of Carmel, IN is a 1 Bed unit found at MAIN STREET priced from $1,121. Carmel Woods has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,233. Here are the most affordable Downtown Carmel apartments for rent in Carmel, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
MAIN STREET | The Walnut | 1BR,1BA | $1,121 |
Carmel Woods | The Cypress | 1BR,1BA | $1,233 |
Gramercy | Verde (1.10 A) | 1BR,1BA | $1,295 |
Providence at Old Meridian | 1 Bdrm Extension -Renovated | 1BR,1BA | $1,314 |
Highpointe on Meridian | U1 Bear - 1.1 | 1BR,1BA | $1,322 |
Governor Square | 1 bedroom 1 bath Renovated - Durbin | 1BR,1BA | $1,340 |
Carmel Center | Brookline | 1BR,1BA | $1,345 |
OLD TOWN ON THE MONON | Foster | 1BR,1BA | $1,354 |
Alexandria of Carmel Apartments | The Independence 1 BR 1 BA | 1BR,1BA | $1,392 |
Overture at Proscenium Apartments | Lona | Studio,1BA | $1,415 |
Best Value Apartments for Rent in Downtown Carmel, IN
As of May 02, 2025 the best value apartment in the Downtown Carmel area is the $1.85 price per square foot Sydney Model at Overture at Proscenium Apartments in the in the Beacon Point neighborhood starting from $2,402. The second greatest value Downtown Carmel apartment is the 1 bedroom 1 bath Renovated - Durbin Model at Governor Square starting at $1,330 with a $1.48 price per square foot in the Spring Mill neighborhood. Here is today’s list of the best values for Downtown Carmel apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Overture at Proscenium Apartments | Sydney | 2BR,2BA | $1.85 |
Governor Square | 1 bedroom 1 bath Renovated - Durbin | 1BR,1BA | $1.48 |
Mezz 42 | Accapella (7175A2 1x1 - 890 sqft) | 1BR,1BA | $1.72 |
Park Lane Apartments | 7183B3 2x2 (876 sqft) | 2BR,2BA | $1.71 |
OLD TOWN ON THE MONON | Foster | 1BR,1BA | $1.62 |
Carmel Woods | The Cypress | 1BR,1BA | $1.54 |
Penn Circle | A4 | 1BR,1BA | $1.91 |
Gramercy | Verde (1.10 A) | 1BR,1BA | $1.71 |
Alexandria of Carmel Apartments | The Independence 1 BR 1 BA | 1BR,1BA | $1.97 |
MAIN STREET | The Walnut | 1BR,1BA | $1.72 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDowntown Carmel, Carmel, IN
Ranked #9
Among neighborhoods in Carmel, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Downtown Carmel, Carmel, IN
School data provided by Great Schools
Getting Around the Downtown Carmel Neighborhood in Carmel, IN
Walk Score®
69 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
75 / 100
Very Bikeable
Biking is convenient for most trips
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 Downtown Carmel Apartments
What is the Cheapest Studio apartment in Downtown Carmel?
Currently the most affordable Cheap Studio Apartment in Downtown Carmel is at Overture at Proscenium Apartments listed at $1,415.
How much is rent for a Cheap One Bedroom Downtown Carmel Apartment?
The lowest price for a Cheap One Bedroom Downtown Carmel Apartment is $1,121 at MAIN STREET.
What is the lowest price for a Cheap Two Bedroom Downtown Carmel Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Carmel is starting from $1,366 at MAIN STREET.
What is the most affordable Downtown Carmel Three Bedroom Apartment?
The best deal on a cheap Downtown Carmel Three Bedroom Apartment rental is at Carmel Woods and starts from $1,608.
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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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.

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.

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.