Last updated on October 20, 2026

Average rent in
Carmel, IN

Key takeaways for renters

  • Where Carmel rent stands today

    Carmel, IN rent is essentially flat year over year, with a current median of $2,120/month. Renters are paying $68 more per month on average than last year, with month-to-month rent unchanged.

  • Carmel runs 11.6% more expensive than the $1,900/month national median, positioning it as a pricier metro with a small total rental inventory of 58 units.

  • Price ranges

    Studios in Carmel rent for around $1,470/month, 1-bedrooms for $1,697/month, and 2-bedrooms for $2,165/month, with 3-bedrooms at $2,568/month and 4+ bedrooms at $2,900/month. This range reflects the variety of bedroom sizes available across the city.

Median rent

Median rent in Carmel

$2,120/mo

Flat

vs previous year

The average rent in Carmel is $2,120 per month as of October 2026. This is 12% above the national average rent, or $220 more per month.

$1.52

average price per square foot

Total rentals

Available rentals in Carmel

58

for rent on Zumper.com as of October 2026

Rent price distribution

Share of Carmel rentals at each price point

80%60%40%20%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in Carmel, IN

Average rent prices in Carmel have remained the same over the last month and have remained the same since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Carmel, IN

Rent prices in Carmel vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Carmel is $1,801, whereas a house costs $2,600. 1-bedroom apartments in Carmel run $1,703 on average, while 2-bedroom apartments are $2,190.

Listings

Studio

$1,470

2%

6%

1 bedroom

$1,697

1%

7%

2 bedroom

$2,165

1%

8%

3 bedroom

$2,568

No Change

10%

4 bedroom

$2,900

10%

5%

Studio

Average rent

$1,470

Last 30 days

2%

Last year

6%

1 bedroom

Average rent

$1,697

Last 30 days

1%

Last year

7%

2 bedroom

Average rent

$2,165

Last 30 days

1%

Last year

8%

3 bedroom

Average rent

$2,568

Last 30 days

No Change

Last year

10%

4 bedroom

Average rent

$2,900

Last 30 days

10%

Last year

5%

The table above reflects average rent prices in Carmel, IN, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Carmel, IN compare to other cities?

Compare median rent prices in Carmel and Avon by all bedroom counts and property types.

Carmel

Median rent price$2,120
increased by12%

higher than the national median

Median rent price$1,995
increased by5%

higher than the national median

Takeaway

The median rent for all rentals in Carmel, IN is 6% higher than the median rent in Avon, IN.

Discover rentals in Carmel, IN

209 Lark Dr - Photo 1 of 1

5d+ ago

House for rent in Carmel

Residential Lease, Carmel, IN

209 Lark Dr, Carmel, IN 46032

2 beds

1 bath

$950

331 1st Ave Nw #5 - Photo 1 of 1

5d+ ago

Apartment for rent in Carmel

2 beds

1 bath

$1,250

Carmel Landing Apartment Homes - Photo 1 of 1
Highly rated
Rent special

1h ago

8.8

Very good

Carmel Landing Apartment Homes

2223 E 151st St, Carmel, IN 46033

1–3 beds

1–3 baths

$1,272–$2,580

Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.
12863 Tradd St #1A - Photo 1 of 1

5d+ ago

Condo for rent in Carmel

Residential Lease, Carmel, IN

12863 Tradd St #1A, Carmel, IN 46032

2 beds

2 baths

$1,700

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Carmel, IN

Quick answers to common questions about the Carmel rental market.

How much is rent in Carmel?

The average rent in Carmel is $2,120 per month as of October 17, 2026.

Is rent up or down in Carmel?

Average rent prices in Carmel have remained the same over the last month and have remained the same since last year.

How does Carmel rent compare to the national average?

Rent in Carmel is 12% above the national average, which means renters are paying approximately $220 more per month.

Which neighborhoods are most affordable in Carmel?

The most affordable neighborhoods in Carmel are Haverstick ($1,850/mo), Plum Creek ($1,867/mo), and Mohawk Crossing ($2,025/mo).

What salary do I need to afford rent in Carmel?

To comfortably afford rent in Carmel, you'd need to earn approximately $85,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Carmel?

Based on our July 2026 rent data, February offers the lowest rents in Carmel while June sees the highest, with approximately a 4.7% difference between these months. October also experiences less overall demand compared to the competitive May market.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

Apartments for rent in Avon