Cheap Apartments for Rent in the Shadow Lakes Neighborhood of Carmel, IN from $700 (19 Rentals)

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

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Twin Lakes Apartments
1 to 3 Bedroom Apartments

Twin Lakes Apartments

616 Ransburg Dr SCarmel, IN 46032
  • Utilities Included
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Shadow Lakes, Carmel, IN Local Guide

Cheapest Available Shadow Lakes Apartments for Rent

 

The cheapest available apartment rental in the Shadow Lakes area of Indianapolis, IN is a 1 Bed unit found at The Gallery priced from $1,149. Highpointe on Meridian has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,154. Here are the most affordable Shadow Lakes apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The GalleryDali1BR,1BA$1,149
Highpointe on MeridianU2 Blackburn - 1.11BR,1BA$1,154
MAIN STREETThe MapleStudio,1BA$1,164
Carmel WoodsThe Cypress1BR,1BA$1,233
Providence at Old Meridian1 Bdrm Extension -Renovated1BR,1BA$1,264

Best Value Apartments for Rent in Shadow Lakes, IN

As of April 13, 2025 the best value apartment in the Shadow Lakes area is the $1.66 price per square foot Carnegie Model at OLD TOWN ON THE MONON in the in the Beacon Point neighborhood starting from $3,229. The second greatest value Shadow Lakes apartment is the Driftwood Model at Redwood Noblesville Webster Drive starting at $1,899 with a $1.69 price per square foot in the Beacon Point neighborhood. Here is today’s list of the best values for Shadow Lakes apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
OLD TOWN ON THE MONONCarnegie3BR,2.5BA$1.66
Redwood Noblesville Webster DriveDriftwood2BR,2BA$1.69
Flats at Spring Mill StationThe Monon2BR,2BA$1.61
Highpointe on MeridianD2 Lincoln - 2.22BR,2BA$1.78
Mezz 42Accapella (7175A2 1x1 - 890 sqft)1BR,1BA$1.72
Pebble Brook VillageBay Hill2BR,1BA$1.61
The Village on Spring MillVerdi - 1 bed 1 bath - Renovated1BR,1BA$1.74
Carmel WoodsThe Cypress1BR,1BA$1.54
GramercyVerde (1.10 A)1BR,1BA$1.73
BridgewaterThe Beeson1BR,1BA$1.80

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Pet Friendly Lifestyle
Shadow Lakes, Carmel, IN

Ranked #3

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Shadow Lakes, Carmel, IN

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers works hard to bring you comprehensive Lifestyle Ratings of rentals in areas across the United States including Shadow Lakes, Carmel, and the greater Indianapolis area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, family-friendliness, raising pets, transit options, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Shadow Lakes Apartments

What is the Cheapest Studio apartment in Shadow Lakes?

Currently the most affordable Cheap Studio Apartment in Shadow Lakes is at MAIN STREET listed at $1,164.

How much is rent for a Cheap One Bedroom Shadow Lakes Apartment?

The lowest price for a Cheap One Bedroom Shadow Lakes Apartment is $1,118 at Highpointe on Meridian.

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

Today's best deal for a Cheap Two Bedroom Apartment in Shadow Lakes is starting from $1,316 at Maple Knoll Apartments.

What is the most affordable Shadow Lakes Three Bedroom Apartment?

The best deal on a cheap Shadow Lakes 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.

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

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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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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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.

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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.