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Studio Apartments for Rent in Carmel, IN

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  • /34

    Starting at $1,479 Per Month

    • Studio - 3 Beds

    13111 Old Meridian St, Carmel, IN 46032

    The Signature Carmel unveils an exceptional portrait of living. A unique fusion of style and sophistication, our apartment residences reflect your contemporary flair. Enjoy the life you deserve. When you live at The Signature Carmel, your address says it all.

    Signature at Carmel

    (463) 465-5504

    13111 Old Meridian St, Carmel, IN 46032
  • /55

    Starting at $1,280 Per Month

    • Studio - 2 Beds

    1685 E 116th St, Carmel, IN 46032

    Discover our premier apartment community, Muse Carmel, in Carmel, IN, just 30 minutes north of Indianapolis! This vibrant community in the Carmel neighborhood is close to Central Park, high-end restaurants and boutique local stores. All of our apartments are pet-friendly and the perfect home for professionals, students, families, seniors, and everyone in between. Take a closer look at everything

    Muse Carmel

    (463) 223-8923

    1685 E 116th St, Carmel, IN 46032
  • /48

    Starting at $1,228 Per Month

    • Studio - 3 Beds

    7520 Alluvium St, Noblesville, IN 46062

    There's living in a community and then there's actually being a part of one. The difference means everything. As part of a community, you're with people who have the same outlook, the same interests, the same basic values. At Lavina, we embrace the spirit of connectedness down to our Noblesville roots. And there's not a single compromise made.Along with design and convenience of

    Lavina

    (463) 400-2618

    7520 Alluvium St, Noblesville, IN 46062
  • /50

    Starting at $1,349 Per Month

    • Studio - 3 Beds

    1835 Edge Blvd, Indianapolis, IN 46240

    The Edge Apartments opened in 2024 and since then has become synonymous with luxury apartment living here in Indianapolis. From roomy floor plans ranging from 590 Sq. Fts to 1607 Sq. Fts, to a wide array of community amenities, we’re building one of the premier living communities in Indianapolis, and we want you to join us.

    The Edge

    (463) 223-8567

    1835 Edge Blvd, Indianapolis, IN 46240
  • /28

    Starting at $1,134 Per Month

    • Studio - 3 Beds

    60 Knoll Ct, Carmel, IN 46032

    Main Street on the Monon offers modern apartment and townhome living in Carmel, IN, with direct access to the Monon Trail and close proximity to Midtown Carmel. Featuring studio, one-, two-, and three-bedroom townhomes, the property combines contemporary design with a prime location near shopping, dining, and entertainment in downtown Carmel and the Arts & Design District. Residents enjoy

    Main Street on the Monon

    (463) 229-6571

    60 Knoll Ct, Carmel, IN 46032
  • /35

    Starting at $950 Per Month

    • Studio - 2 Beds

    9555 International Cir, Indianapolis, IN 46268

    Slate Run offers contemporary interiors with two different styles of living. Slate Run Apartments include single-level apartment homes featuring maple cabinets, granite-like counter tops, new flooring, a well-equipped kitchen with an open bar for extra seating, attic storage, and a private garden patio.Slate Run Lofts offer studio, loft, one and two-bedroom apartment homes located in a

    Slate Run Lofts and Apartments

    (463) 888-7270

    9555 International Cir, Indianapolis, IN 46268

Why Live in Carmel

Carmel, Indiana, located just north of Indianapolis, is recognized for its walkable urban design and extensive amenities. The city features distinct areas like Old Town, Midtown, and City Center, all connected by the Monon Trail, a popular path for walking and biking. Carmel is noted for its highly rated Carmel High School, known for its strong performing arts and athletic programs. The city's housing market is diverse, with options ranging from contemporary condos and townhouses near the Monon Trail to historic homes in Old Town, including bungalows and Victorians. Golf course communities and suburban-style single-family homes are also prevalent. Cultural attractions in Carmel include the Arts & Design District in Old Town, home to galleries and the Museum of Miniature Houses. The Palladium concert hall and numerous outdoor sculptures enhance the city's cultural landscape. Midtown serves as a vibrant mixed-use district, while City Center offers eclectic dining options and hosts events like the Carmel Farmers Market. Recreational opportunities abound with Central Park's Monon Community Center and several golf clubs, including the renowned Crooked Stick Golf Club. Carmel's location provides convenient access to Indianapolis via U.S. Route 31 and the Keystone Parkway, with Indianapolis International Airport approximately 30 miles away.

Frequently Asked Questions

How much does it cost to rent a home in Carmel, IN?
The median rent for a home in Carmel, IN is $3,000 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Carmel, IN?
To comfortably afford the median rent in Carmel, IN, a household needs to earn roughly $120,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,000 per month in Carmel, IN, renters typically need to show $9,000 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Carmel, IN?
In Carmel, IN, the price-to-rent ratio is 16.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Carmel, IN are best for renting a home?
The best neighborhood for renting in Carmel, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include College Park and Broad Ripple, each with its own character and price range.

Rental Trends in Carmel, IN

Rental Home Trends

Number of Homes for Rent
6
Median Rent
$3,000
Median Single Family Home Rent
$2,813
Median Townhouse Rent
$2,620
Median Condo Rent
$2,500
How to Rent a Home