Rent in Carmel, IN
Across Carmel's 3 ZIP codes, a 2-bedroom typically rents for about $1,923 a month, with figures from $1,536–$2,160. The highest typical rent is in 46082 ($1,960) and the lowest in 46032 ($1,915). Owner-occupied homes in Hamilton County pay about 0.88% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,650 | $1,187–$1,670 | 3 |
| 1 bed | $1,672 | $1,336–$1,880 | 3 |
| 2 beds | $1,923 | $1,536–$2,160 | 3 |
| 3 beds | $2,461 | $1,819–$2,800 | 3 |
| 4 beds | $2,840 | $2,078–$3,410 | 3 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Carmel ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Carmel, IN?
- About $1,923 a month: the median of the typical rents in 3 ZIP codes, which range from $1,536–$2,160. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Carmel, IN?
- About $1,672 a month: the median of the typical rents in 3 ZIP codes, which range from $1,336–$1,880. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Carmel, IN?
- About $2,461 a month: the median of the typical rents in 3 ZIP codes, which range from $1,819–$2,800. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Carmel, IN?
- About $1,650 a month: the median of the typical rents in 3 ZIP codes, which range from $1,187–$1,670. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Carmel, IN?
- About $2,840 a month: the median of the typical rents in 3 ZIP codes, which range from $2,078–$3,410. Figures are gross rent (rent plus tenant-paid utilities).
- Which Carmel ZIP code has the highest rent?
- For a 2-bedroom, 46082 has the highest typical rent at $1,960 a month, and 46032 the lowest at $1,915.
- What is the property tax rate in Carmel, IN?
- Owner-occupied homes in Hamilton County pay a typical 0.88% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Carmel rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).