L’Etoile Apartments
833 W Main St,
Carmel, IN 46032
1-2 Beds | $1,715 - $2,765
Rental Market Trends in Carmel, IN
Updated September 2026
The average rent in Carmel, IN is $1,556/month.
Rent in Carmel is roughly equal to the national average rent of of $1,665/month.
$1,556/month
Average Rent
790 Sq Ft
Average Size
+4.1%
Change / Year
2,275
Available Apartments
Carmel rent varies by unit size and layout:
- Studio apartments in Carmel average $1,610 per month.
- One-bedroom apartments in Carmel average $1,556 per month.
- Two-bedroom apartments in Carmel average $1,883 per month.
- Three-bedroom apartments in Carmel average $2,340 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Carmel, IN?
In the past year, rent has increased by 4.1%, which averages out to $65 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Carmel, IN
September 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
15%
$1,001 - $1,500/month
55%
$1,501 - $2,000/month
30%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Carmel?
Based on current rent prices, Downtown Carmel is the most affordable neighborhood in Carmel.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Carmel?
Based on current rent prices, Downtown Carmel is the most expensive neighborhood in Carmel.
Neighborhood
Average Rent
Average Sq Ft
Which Carmel neighborhoods have the most rentals available?
The neighborhood in Carmel with the most apartments available is Downtown Carmel .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Carmel, IN?
Because the average rent in Carmel is $1,556, you’ll want to make about $5,186 per month or $62,232 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Carmel, IN compare to other nearby cities and neighborhoods?
Use the tool below to compare Carmel, IN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Carmel Area GuideStudio
$1,447/month
$1,447/month
One Bedroom
$1,569/month
$1,569/month
Two Bedroom
$1,944/month
$1,944/month
Three Bedroom
$2,288/month
$2,288/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Westfield
Avg Rent: $1,442/month
-
Fishers
Avg Rent: $1,479/month
-
Noblesville
Avg Rent: $1,391/month
-
Zionsville
Avg Rent: $1,583/month
-
McCordsville
Avg Rent: $1,436/month
Apartment Communities in Carmel We Think You'll Love
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Frequently Asked Questions
What is the average rent in Carmel?
The average rent in Carmel is $1,556 per month, which is 6.5% lower than the national average of $1,665.
What is the average rent for a house in Carmel?
The average rent for a house in Carmel, IN is $2,330 per month.
Are rents going up or down in Carmel?
Rents in Carmel, IN are increasing, with prices up 4.1% year-over-year and $65 more per month.
What rent range is most common in Carmel?
In Carmel, IN, 55% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.