651 Decatur Dr, Unit Westfield Condo
651 Decatur Dr
WestfieldIN46074
Cheap Homes for Rent in Shadow Lakes Neighborhood of Carmel, IN from $1,800 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Shadow Lakes area of Carmel.
73 Florence St
CarmelIN46032
401 Atherton Dr
CarmelIN46032
103 1st Ave SE
CarmelIN46032
543 Grabill Dr
WestfieldIN46074
1936 Tourmaline Dr
WestfieldIN46074
1936 Tourmaline Dr
WestfieldIN46074
16316 Bay Meadow Cir
WestfieldIN46074
220 Coatsville Dr
WestfieldIN46074
403 Autumn Dr
CarmelIN46032
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.
1229 Middlebury Dr
WestfieldIN46074
17361 Rancorn Pl
WestfieldIN46074
15542 Clearbrook St
WestfieldIN46074
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Shadow Lakes, Carmel, IN Local Guide
Carmel, Indiana art and design district. by Wiki User: Tysto is licensed under Internal
How much does it cost to rent a home in Shadow Lakes?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Shadow Lakes 2 Bedroom Homes for Rent | $2,107 | $1,850 | $2,350 |
| Shadow Lakes 3 Bedroom Homes for Rent | $2,508 | $1,995 | $3,500 |
| Shadow Lakes 4 Bedroom Homes for Rent | $3,130 | $2,299 | $4,500 |
| Shadow Lakes 5 Bedroom Homes for Rent | $3,850 | $3,750 | $4,000 |
Browse Homes for Rent in this Neighborhood
There are currently 13 rentals with your search options within a 3 mile radius of the Shadow Lakes Neighborhood of Carmel, IN.
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Shadow Lakes, Carmel, IN Local Guide
- Nearby Carmel neighborhoods
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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 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 Shadow Lakes apartments for rent in Indianapolis, 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 |
| Flats at Spring Mill Station | The Aberdeen | 1BR,1BA | $1,241 |
| Gramercy | Verde (1.10 A) | 1BR,1BA | $1,250 |
| Highpointe on Meridian | U1 Bear - 1.1 | 1BR,1BA | $1,261 |
Best Value Apartments for Rent in Shadow Lakes, IN
As of April 29, 2025 the best value apartment in the Shadow Lakes area is the $1.33 price per square foot Large Two Bedroom Model at Lakes of Carmel in the in the Beacon Point neighborhood starting from $1,647. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lakes of Carmel | Large Two Bedroom | 2BR,2BA | $1.33 |
| Redwood Noblesville Webster Drive | Driftwood | 2BR,2BA | $1.69 |
| Flats at Spring Mill Station | The Zephyr | 2BR,2BA | $1.56 |
| Mezz 42 | Accapella (7175A2 1x1 - 890 sqft) | 1BR,1BA | $1.72 |
| Park Lane Apartments | 7183B3 2x2 (876 sqft) | 2BR,2BA | $1.71 |
| The Village on Spring Mill | Purcell - 1 bed 1 bath - Renovated | 1BR,1BA | $1.72 |
| OLD TOWN ON THE MONON | Foster | 1BR,1BA | $1.62 |
| Carmel Woods | The Cypress | 1BR,1BA | $1.54 |
| Gramercy | Verde (1.10 A) | 1BR,1BA | $1.64 |
| MAIN STREET | The Walnut | 1BR,1BA | $1.72 |
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Frequently Asked Questions about Shadow Lakes
What type of rentals are currently available in Shadow Lakes?
There are currently 56 Apartments for Rent in Shadow Lakes, IN with pricing that ranges from $1,139 to $4,183. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shadow Lakes ranging from $1,850 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 $1,850 to $4,500 with an average monthly rent of $2,869.
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 $4,183, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,995 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,299 and Four Bedroom Apartments start at $2,500.
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.
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.
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.
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.