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Tour TODAY! Experience exceptional apartment living in Carmel, Indiana, ranked #1 in U.S. News' Best Places to Live. Enjoy spacious homes, sought-after amenities, a pet-friendly community, and award-winning service from Nolan Living, recognized by J Turner Research as a Top 25 Online Reputation Management Company in Division IV for two years straight. Schedule your personal tour today!

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Updated 5 Hours Ago

Highlights

  • Rent Special
  • Pet Friendly

Location

12415 Pennsylvania St, Carmel, IN 46032, USA
Hi! Let’s figure out if this property is right for you.

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Contact

Management

Nolan Living

Leasing office

(844) 325-6407 ext. 4144

Open 

Monday 9:00 am–6:00 pm ET

Property Overview

Penn Circle is a strong option for renters, with an overall expert rating of 8.3 and standout scores for amenities and location, plus competitive value and solid trustworthiness. Its modern conveniences, patios or balconies, fitness center, pool or spa, natural light, and 50 photos add to its appeal, with value for money ranking in the 100th percentile.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

7.6
Very Good
Penn Circle is worth considering and a notable rental in the neighborhood. Residents prioritizing Amenities will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.

Things you’ll love

  • Less expensive
  • Balcony
  • Elevator

Great for

  • Wellness

Floor plans

A41 bed1 bath782 sqft$1,483–$1,885 /mo3 units available
A81 bed1 bath927 sqft$1,503–$1,827 /mo1 unit available
B52 bed2 bath1,095 sqft$1,731–$2,180 /mo2 units available
B62 bed2 bath1,170 sqft$1,803–$2,316 /mo2 units available

Let's explore this property.

Amenities for Penn Circle

Apartment Amenities

Air ConditioningGranite Kitchen Countertops
High CeilingHigh Ceilings
Luxury Vinyl Wood Plank FlooringPrivate Patio/Balcony

Appliances

Central A/CDishwasher
In-Unit LaundryWasher and Dryer

Building

Bike RoomBusiness Center
Cats OKClubhouse
Controlled AccessDogs OK
ElevatorFitness Center
Residents Lounge

Grounds

Garage ParkingResort Style Swimming Pool
Swimming Pool

Services

On-Site MaintenanceOn-Site Management
Package ServicePlanned Monthly Resident Event

Other

In Select ApartmentsPreferred Employer Program
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Parking Policy

Garage Parking

Dog Policy

Allowed

Cat Policy

Allowed

Questions about this property’s policies and fees?

Building details

Property details

Units193
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About Penn Circle

HomeApartments in Carmel Penn Circle

Take Your Living Experience to New Heights & Live in the #1 Best Places to Live - Carmel, IN!Introducing Penn Circle Apartments, a tight-knit community where your well-being takes center stage. We are committed to offering you a refined renting experience, and our 4.6-star Google reviews are proof of that. It only takes a tour of our well-designed floor plans and peaceful leisure areas to convince yourself. But what’s a charming home without an address to match? Thankfully, you won’t have to find out, as we’re set in Carmel, Indiana, and our apartments are surrounded by major roads, modern conveniences, and everything in between.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
7.6
/10
Very Good
Penn Circle is worth considering and a notable rental in the neighborhood. Residents prioritizing Amenities will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
How we rated Penn Circle
Price·6A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Penn Circle is priced lower than the median price per bedroom for the area. While it may be more affordable, there may also be trade-offs in terms of amenities or quality compared to similar listings nearby. It caters to those seeking cost savings, albeit with some compromises.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Penn Circle stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Penn Circle is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Penn Circle does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Penn Circle is great for:

Wellness

  • On-site fitness center or gym
  • Ample windows and natural lighting
  • This property has patios or balconies for fresh air
  • On-site pool or spa

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Penn Circle compares to other nearby properties.

Positives

Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
Balcony
Easy access to the outdoors
Elevator
Improved accessibility features
Fitness center
The gym is just a few steps away
Images Available
There are at least 10 photos of this property
Package service
More secure storage for delivery
Pool
Enhanced community features

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 1.5 miles away
Greater distance from high schools
The nearest high school is farther than 1.9 miles away

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Rent trends in Carmel

1-bedroom apartments here are priced 11% lower than 1-bedrooms in Carmel.

If you decide to upgrade your space, you can expect 2-bedrooms at Penn Circle to be 22% less than the average for similarly sized apartments in Carmel.

Median rents as of Oct 3 2026.
Carmel
A table of studio rental data trends in Carmel
MonthMedian Rent
October 2024$1,320
November 2024$1,320
December 2024$1,320
January 2025$1,324
February 2025$1,310
March 2025$1,342
April 2025$1,430
May 2025$1,430
June 2025$1,427
July 2025$1,426
August 2025$1,430
September 2025$1,430
October 2025$1,430
November 2025$1,430
December 2025$1,430
January 2026$1,447
February 2026$1,450
March 2026$1,450
April 2026$1,450
May 2026$1,442
June 2026$1,432
July 2026$1,500
August 2026$1,440
September 2026$1,410
October 2026$1,410

Affordability calculator

Can I afford to live at 12415 Pennsylvania St?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$59,720/yr

With your selected rent-to-income ratio, you'd ideally want to make $59,720 annually to afford this 1-bedroom median monthly rent price of $1,493.
For more information on rent affordability, visit our rent calculator.

Schools near Penn Circle

Clay Center Elementary School

12025 clay center rd

carmel, IN, 46032

PK, K-5Public
A+

Indiana School for the Blind and Visually Impaired

7725 n college ave

indianapolis, IN, 46240

PK, K-12Public
C-

Clearwater Elementary School

3575 e 79th st

indianapolis, IN, 46240

K-5Public
A-

Willow Lake Elementary School

7535 harcourt rd

indianapolis, IN, 46260

K-5Public
C+

Center for Inquiry School 70

510 east 46th st

indianapolis, IN, 46205

K-8Public
B
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Internet available near Penn Circle

Getting around Carmel near 12415 Pennsylvania St

Walking

6/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Points of interest for 12415 Pennsylvania St, Carmel

Groceries

8/10
At least one grocery store within a few minutes' walk

Shopping

4/10
Some shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

6/10
Some restaurants within walking distance

Primary schools

6/10
At least one elementary school within a 20-minute walk

High schools

3/10
No high schools within a 30-minute walk

Parks

4/10
Limited amount of park space nearby

Nightlife

3/10
Few or no bars within walking distance

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