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Rental Market Trends in Carmel, NY

What is the average rent in Carmel, NY?

$793/month

Average Rent

656 Sq Ft

Average Apartment Size

+1%

Increase in the Last Year

As of March 2026, the average rent in Carmel, NY is $793 per month. This is 51% lower than the national average rent of $1,627/month, making renting in Carmel more affordable than most cities in the US. When you rent an apartment in Carmel, you can expect to pay about per month for a studio, $793 for a one-bedroom apartment, and around $2,084 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,953 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$793/month
656 Sq Ft
Two Bedroom
$2,084/month
1,030 Sq Ft
Three Bedroom
$1,953/month
1,172 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$2,574/month
876 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Carmel, NY?

In the past year, rent has increased by 1%, which averages out to $8 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Carmel, NY
Last Updated March 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Carmel, NY
Percentage*
Rent Range
0% Below $700/month
33% $700 - $1,000/month
33% $1,001 - $1,500/month
33% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Carmel, NY?

Because the average rent in Carmel is $793, you’ll want to make about $2,643 per month or $31,716 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.

City

Carmel, NY

33 Available Apartments for Rent

Search for Nearby Apartments

How does Carmel, NY compare to other nearby cities and neighborhoods?

Use the tool below to compare Carmel, NY 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.

Explore the Area Guide for Carmel, NY

Apartment Averages

Apartment communities in Carmel we think you'll love

1751 US-6

1751 US-6

1751 US-6,
Carmel Hamlet, NY 10512

$2,200 Total Monthly Price

Studio

1751 US-6

1751 US-6

1751 US-6,
Carmel Hamlet, NY 10512

$3,600 Total Monthly Price

3 Beds

401 Nichols St

401 Nichols St

401 Nichols St,
Carmel Hamlet, NY 10512

$3,200 Total Monthly Price

2 Beds

177 Heritage Hills

177 Heritage Hills

177 Heritage Hills,
Heritage Hills, NY 10589

$2,600 Total Monthly Price

1 Bed

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United States New York Carmel Rental Trends

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 February 2026.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc. Equal Housing Opportunity

Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity