Cheap Apartments for Rent in the Downtown Carmel Neighborhood of Carmel, IN from $900 (25 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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Penn Circle
1 to 2 Bedroom Apartments

Penn Circle

12415 N Pennsylvania StCarmel, IN 46032
Showing Results 1-25, Page 1 of 1

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 $1,206. 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$1,206
The GalleryDaVinci1BR,1BA$1,259
GramercyVerde (1.10 A)1BR,1BA$1,285
Muse CarmelWarholStudio,1BA$1,290

Best Value Apartments for Rent in Downtown Carmel, IN

As of February 11, 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 The Julie Model at VER at Proscenium Apartments starting at $2,432 with a $1.79 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
VER at Proscenium ApartmentsThe Julie2BR,2BA$1.79
Overture at Proscenium ApartmentsSydney2BR,2BA$1.85
Woodland Springs Apartment HomesTwo Bedroom2BR,2BA$1.16
Lakes of CarmelTwo Bedroom2BR,2BA$1.41
Mezz 427175A2 1x1 (890 sqft)1BR,1BA$1.72
Carmel WoodsThe Cypress1BR,1BA$1.50
GramercyVerde (1.10 A)1BR,1BA$1.68
Park Lane Apartments7183A1 - 1x1 (741 sqft)1BR,1BA$1.82
Penn CircleA21BR,1BA$1.86

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Pet Friendly Lifestyle
Downtown Carmel, Carmel, IN

Ranked #8

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

Pet Friendliness Lifestyle Score

3.0
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 $1,194 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 $1,261 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 Gramercy and starts from $1,425.

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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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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Navigating the World of Low-Income Housing: A Comprehensive Guide

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Signing Your Apartment Lease: The Basics

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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.

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Real Estate Term Glossary: Your Guide to The A to Zs of Renting

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Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new language.