Homes For Rent in Carmel, IN

1-20 of 42 rentals
Viewing 1-20 of 42 rentals in Carmel
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 March 2025, Carmel's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Carmel's average rent is 50.9% ($659) higher than the Indiana average of $1,294 and 9.2% ($165) higher than the U.S. average of $1,788.

Average Rent
$1,953
Monthly ChangeMonth Over Month Change
Increased0.4% ($8)
Yearly ChangeYear Over Year Change
Increased1.4% ($27)
Avg. Days on MarketAverage Days on Market
28
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,816 Increased23% ($340) Increased25.9% ($374)
2 Beds $2,162 Increased27.5% ($466) Increased6.9% ($139)
3 Beds $2,838 Increased27.9% ($619) Increased15.1% ($373)
Nearby Cities Average Rent Avg. Rent vs. CarmelAverage Rent vs. Carmel Avg. Days on MarketAverage Days on Market
Westfield $1,724 Decreased11.7% ($229) 32 days
Fishers $1,438 Decreased26.4% ($515) 32 days
Zionsville $1,909 Decreased2.3% ($44) 30 days
Noblesville $1,655 Decreased15.3% ($298) 46 days
Whitestown $1,911 Decreased2.2% ($42) 29 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 $1,953 per month.
Homes in Carmel typically rent for between $1,271 and $3,689 per month, with an average of $1,953 per month.
In Carmel, the average rent for a 1-bedroom home is $1,816 per month, for a 2-bedroom home, $2,162 per month, and a 3-bedroom home is $2,838 per month.
The average rent in Carmel is 9.2% ($165) higher than the national average of $1,788 per month.
The average rent in Carmel has increased by 0.4% ($8) in the last month and increased by 1.4% ($27) 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 42 rental properties available in Carmel, IN.
Based on the current averages, a household would need an annual income of $86,480 to comfortably afford a 2-bedroom home in Carmel.
List Your Property For Rent

Are You a Rental Professional?

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

Was this page helpful?  HelpfulUnhelpful