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

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

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Twin Lakes Apartments
1 to 3 Bedroom Apartments

Twin Lakes Apartments

616 Ransburg Dr SCarmel, IN 46032
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Downtown Carmel, Carmel, IN Local Guide

Cheapest Available Downtown Carmel Apartments for Rent

 

The cheapest available apartment rental in the Downtown Carmel area of Carmel, IN is a Studio unit found at MAIN STREET priced from $1,164. 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 ListingModel NameBed/BathPriced From
MAIN STREETThe MapleStudio,1BA$1,164
Carmel WoodsThe Cypress1BR,1BA$1,233
Carmel CenterAllston1BR,1BA$1,299
GramercyVerde (1.10 A)1BR,1BA$1,300
Penn CircleA21BR,1BA$1,302
Overture at Proscenium ApartmentsScotStudio,1BA$1,319
Providence at Old Meridian1B1B Beacon Hill - Renovated1BR,1BA$1,324
Park Lane Apartments7183A1 - 1x1 (741 sqft)1BR,1BA$1,349
OLD TOWN ON THE MONONFoster1BR,1BA$1,354
Governor Square1 bedroom 1 bath Renovated1BR,1BA$1,355

Best Value Apartments for Rent in Downtown Carmel, IN

As of March 14, 2025 the best value apartment in the Downtown Carmel area is the $1.67 price per square foot Carnegie Model at OLD TOWN ON THE MONON in the in the Beacon Point neighborhood starting from $3,254. The second greatest value Downtown Carmel apartment is the Sydney Model at Overture at Proscenium Apartments starting at $2,402 with a $1.85 price per square foot in the Beacon Point neighborhood. Here is today’s list of the best values for Downtown Carmel apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
OLD TOWN ON THE MONONCarnegie3BR,2.5BA$1.67
Overture at Proscenium ApartmentsSydney2BR,2BA$1.85
Lakes of CarmelLarge Two Bedroom2BR,2BA$1.26
Woodland Springs Apartment HomesTwo Bedroom2BR,2BA$1.16
AvantB1 2 Bed 2 Bath2BR,2BA$1.71
Governor Square1 bedroom 1 bath Renovated1BR,1BA$1.51
Mezz 427175A2 1x1 (890 sqft)1BR,1BA$1.72
Carmel WoodsThe Cypress1BR,1BA$1.54
GramercyVerde (1.10 A)1BR,1BA$1.71
Penn CircleA21BR,1BA$1.86

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Pet Friendly Lifestyle
Downtown Carmel, Carmel, IN

Ranked #9

Among neighborhoods in Carmel, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Downtown Carmel, Carmel, IN

School data provided by Great Schools

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 MAIN STREET listed at $1,164.

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

The lowest price for a Cheap One Bedroom Downtown Carmel Apartment is $1,196 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 $1,389 at Carmel Woods.

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.

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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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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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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.