Homes & Apartments for Rent in 46032

1-16 of 16 rentals
Viewing 1-16 of 16 rentals in 46032
What to Know About

Life in Carmel & Beyond

Carmel shares many of the great qualities that make Indiana a desirable place to live.

Indiana is where the past meets the present, and the great outdoors is right at your fingertips. Get to know the rich cultural heritage of this Midwestern gem by visiting incredible museums like the Eiteljorg Museum of American Indians and Western Art, or check out the top universities like Purdue University and Indiana University. Indiana is a hub of economic activity, with its thriving manufacturing, agriculture, and transportation industries.

The state also offers plenty of opportunities for those seeking adventure and excitement. From exploring the beautiful state parks to fishing in its many lakes and rivers, Indiana is a nature-lovers paradise from the Hoosier National Forest to the Ohio River. And for sports fans, check out the Indianapolis Colts (NFL) and Indiana Pacers (NBA) or catch a game at universities like Purdue or Indiana. In addition, discover famous attractions like the Indianapolis Motor Speedway, home of the world-famous Indianapolis 500 race, the Children's Museum of Indianapolis, and the historic town of Brown County.

With its strong economy, quality education, and lively atmosphere, Indiana is the perfect place to live.

Rental Market Trends

Carmel, IN

As of September 2026, Carmel's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Carmel's average rent is 61.7% ($781) higher than the Indiana average of $1,265 and 13.2% ($238) higher than the U.S. average of $1,808.

Average Rent
$2,046
Monthly ChangeMonth Over Month Change
Decreased1.7% ($35)
Yearly ChangeYear Over Year Change
Increased1.6% ($32)
Avg. Days on MarketAverage Days on Market
28
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,669 Increased0.7% ($12) Increased4.6% ($74)
2 Beds $2,288 Decreased0.9% ($21) Increased6.2% ($134)
3 Beds $2,753 Increased3% ($81) Decreased0.1% ($4)
Nearby Cities Average Rent Avg. Rent vs. CarmelAverage Rent vs. Carmel Avg. Days on MarketAverage Days on Market
Westfield $1,566 Decreased23.5% ($480) 32 days
Fishers $1,779 Decreased13% ($267) 32 days
Noblesville $1,562 Decreased23.7% ($484) 46 days
Whitestown $2,016 Decreased1.5% ($30) 29 days
Indianapolis $1,211 Decreased40.8% ($835) 32 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Carmel Rental Market FAQs

Explore rental prices, market trends, and availability in Carmel, IN.

The average rent in Carmel, IN is $2,046 per month.
Homes in Carmel typically rent for between $1,168 and $3,579 per month, with an average of $2,046 per month.
In Carmel, the average rent for a 1-bedroom home is $1,669 per month, for a 2-bedroom home, $2,288 per month, and a 3-bedroom home is $2,753 per month.
The average rent in Carmel is 13.2% ($238) higher than the national average of $1,808 per month.
The average rent in Carmel has decreased by 1.7% ($35) in the last month and increased by 1.6% ($32) over the past year.
The rental market in Carmel, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Carmel, IN, the average rental stays on the market for approximately 28 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 18 rental properties available in Carmel, IN.
Based on the current averages, a household would need an annual income of $91,520 to comfortably afford a 2-bedroom home in Carmel.
What's New on the Blog

Explore recent posts on our blog, curated for renters, landlords, and industry pros.

List Your Property for Rent

Are You a Rental Professional?

Advertise on RentalSource, Zillow, Realtor.com, Zumper and more to attract quality tenants faster and take your listings to the next level.