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 July 2025, Carmel's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Carmel's average rent is 62.1% ($784) higher than the Indiana average of $1,263 and 15.3% ($272) higher than the U.S. average of $1,775.

Average Rent

$2,047

Monthly ChangeMonth Over Month Change

0.1% ($3)

Yearly ChangeYear Over Year Change

6.3% ($137)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,643	11.5% ($213)	2.4% ($40)
2 Beds	$2,211	0.5% ($12)	7.5% ($179)
3 Beds	$2,759	4.1% ($119)	2.7% ($76)

Nearby Cities	Average Rent	Avg. Rent vs. CarmelAverage Rent vs. Carmel	Avg. Days on MarketAverage Days on Market
Westfield	$1,660	18.9% ($387)	32 days
Fishers	$2,178	6.4% ($131)	32 days
Zionsville	$1,948	4.8% ($99)	30 days
Noblesville	$1,546	24.5% ($501)	46 days
Whitestown	$1,917	6.4% ($130)	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.

What is the average rent in Carmel, IN?

The average rent in Carmel, IN is $2,047 per month.

What is the rental price range for houses in Carmel, IN?

Houses in Carmel typically rent for between $1,150 and $3,587 per month, with an average of $2,047 per month.

What is the average rent for different bedroom sizes in Carmel, IN?

In Carmel, the average rent for a 1-bedroom house is $1,643 per month, for a 2-bedroom house, $2,211 per month, and a 3-bedroom house is $2,759 per month.

How do rent prices in Carmel, IN compare with the national average?

The average rent in Carmel is 15.3% ($272) higher than the national average of $1,775 per month.

How have rent prices in Carmel, IN changed recently?

The average rent in Carmel has increased by 0.1% ($3) in the last month and decreased by 6.3% ($137) over the past year.

How competitive is the rental market in Carmel, IN?

The rental market in Carmel, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Carmel, IN?

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.

How many rental properties are available in Carmel, IN?

There are currently 33 rental properties available in Carmel, IN.

Can I afford to rent a house in Carmel, IN?

Based on the current averages, a household would need an annual income of $88,440 to comfortably afford a 2-bedroom house in Carmel.