Downtown Carmel

Carmel, IN

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Downtown Carmel - Carmel, IN

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A distinctively charming downtown district in the Hoosier State

Suburban Shopping Eateries Convenient

Surrounded by open green space, residential streets, and plentiful suburban amenities, Downtown Carmel is a pristine downtown district in the state of Indiana. The charming storefronts along Main Street house restaurants, bars, cafes, art galleries, and boutique shops. And if that weren’t enough to lure you in, there are various shopping and dining centers spread throughout the neighborhood!

Convenience stores, supermarkets, retailers and more are just a few of the perks of living in Downtown Carmel. Residents appreciate having almost everything they need without having to leave town! This family-friendly neighborhood offers public schools in Carmel Clay Schools, a well-ranked district.

Catch a concert, ballet, or play at the Center for the Performing Arts, a grand entertainment venue in Downtown Carmel, or check out one of the many unique, locally-owned shops around the neighborhood!

Rent Trends

As of March 2025, the average apartment rent in Downtown Carmel is $1,390 for a studio, $1,483 for one bedroom, $1,822 for two bedrooms, and $2,253 for three bedrooms. Apartment rent in Downtown Carmel has increased by 0.4% in the past year.

  • Studio

  • 636 sq ft

    Average Sq Ft

  • $1,390/month

    Average Rent

  • 1 BR

  • 783 sq ft

    Average Sq Ft

  • $1,483/month

    Average Rent

  • 2 BR

  • 1,135 sq ft

    Average Sq Ft

  • $1,822/month

    Average Rent

  • 3 BR

  • 1,506 sq ft

    Average Sq Ft

  • $2,253/month

    Average Rent

Transportation

69

Very Walkable

out of 100 WalkScore® Rating

If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.

75

Very Bikeable

out of 100 BikeScore® Rating

This area is very bikeable. You’ll find a variety of bike paths and lanes.

Points of Interest

Parks and Recreation

  • Cool Creek Park & Nature Center
  • Monon Trail
  • Coxhall Gardens
  • Town Run Trail Park
  • Wapihani Nature Preserve

Commuter Rail

Airports

  • Indianapolis International

Top Apartments in Downtown Carmel

Houses for Rent in Downtown Carmel

Property Management Companies

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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 2025.