Average Rent in Carmel, IN

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Current Versus Historical Carmel, IN Rents

Carmel rentals average $2,599 for a 3-bedroom. The median price of all currently available listings is $2,599, or roughly $18 per square feet.

For the apartment units and housing in June 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $0 (0.00%) year-over-year from $22 to $22. 1-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $1,225 to $1,225. 2-bedroom rentals prices have decreased by $50 (-2.17%) year-over-year from $2,299 to $2,249. 3-bedroom rentals prices have increased by $538 (26.08%) year-over-year from $2,061 to $2,599. 4-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $2,199 to $2,199. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone down by 0.37% this month. 3-bedroom rents have gone up by 1.96% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Jun 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
3 BR	$17.77	$2,599	$2,061 (26.08%)	$2,074 (25.30%)

Historical Rents in Carmel, IN

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Carmel

City	Studio	1 Bed	2 Bed	All

Top Neighborhoods Near Carmel

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Carmel

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Carmel

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Carmel Average Rents

What is the average rent price in Carmel, IN?

The average monthly rental price for Carmel, IN apartments for rent is approximately $2,599. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Carmel, IN rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Carmel, IN.

How have rent prices in Carmel, IN changed this year?

Rent prices for rentals in Carmel, IN can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by 0.00%, two bedroom rental prices have changed by -0.02%, three bedroom rental prices have changed by 0.26% year-over-year.

What is a reasonable rent price in Carmel, IN?

A reasonable rent price in Carmel, IN is around $2,079/month. You can search for these reasonably priced rental listings on RentHop.