Cheap Homes for Rent in Shadow Lakes Neighborhood of Carmel, IN from $1,600 (14 Rentals)

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

property at 968 Kinzer Ave

968 Kinzer Ave

CarmelIN46032
Showing Results 1-14, Page 1 of 1

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 Highpointe on Meridian priced from $1,115. MAIN STREET has the second lowest priced unit, which is a Studio apartment currently listed from $1,164. Here are the most affordable Shadow Lakes apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Highpointe on MeridianU2 Blackburn - 1.11BR,1BA$1,115
MAIN STREETThe MapleStudio,1BA$1,164
Flats at Spring Mill StationThe Aberdeen1BR,1BA$1,210
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 08, 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
Lakes of CarmelTwo Bedroom2BR,2BA$1.41
Flats at Spring Mill StationThe Monon2BR,2BA$1.59
Mezz 42Accapella (7175A2 1x1 - 890 sqft)1BR,1BA$1.72
Penn CircleA51BR,1BA$1.81
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$1.72
Highpointe on MeridianU3 Castle - 1.11BR,1BA$1.75

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Frequently Asked Questions about Shadow Lakes

What type of rentals are currently available in Shadow Lakes?

There are currently 54 Apartments for Rent in Shadow Lakes, IN with pricing that ranges from $1,141 to $4,173. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shadow Lakes ranging from $1,699 to $4,500.

What is the current price range for Rental Homes in Shadow Lakes?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Shadow Lakes ranges from $1,699 to $4,500 with an average monthly rent of $2,605.

How much are larger Three and Four Bedroom Rentals in Shadow Lakes?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Shadow Lakes range from $1,608 to $4,173, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,095 to $3,250. Four Bedroom Single-Family rentals are also available starting from $2,425 and Four Bedroom Apartments start at $2,515.

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.