2-Bedroom Rent · August 2026

2-Bedroom Apartment Rent in Carmel, IN

$1,783/mo

Median asking rent for a 2-bedroom apartment in Carmel, Indiana as of August 2026. That's +3% lower than the citywide median of $1,832 and +8% above the national 2-bedroom median of $1,655.

2-Bedroom median

$1,783

August 2026

vs city overall

-3%

$1,832 city median

vs national

+8%

$1,655 US median

Indiana rank

#60

of 62 cities

Income needed for a 2-bedroom in Carmel

Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.

Annual income

$71,320

Monthly gross

$5,943

Hourly (full-time)

$34.29

Rent by apartment size in Carmel

Compare Carmel's median rent across every apartment size.

Cheapest cities for a 2-bedroom in Indiana

#	City	2-Bedroom rent
1	Crawfordsville	$821
2	East Chicago	$930
3	Marion	$930
4	New Castle	$930
5	Richmond	$940
6	Angola	$970
7	La Porte	$978
8	Muncie	$978
9	Kokomo	$990
10	Michigan City	$1,020
11	Terre Haute	$1,023
12	Elkhart	$1,055
13	Warsaw	$1,060
14	Evansville	$1,068
15	Mishawaka	$1,085

Most expensive cities for a 2-bedroom in Indiana

#	City	2-Bedroom rent
1	Zionsville	$1,870
2	Whitestown	$1,790
3	Carmel (this page)	$1,783
4	McCordsville	$1,620
5	Lawrence	$1,620
6	Avon	$1,600
7	Westfield	$1,580
8	Fishers	$1,577
9	Granger	$1,540
10	Brownsburg	$1,510
11	Sellersburg	$1,460
12	Munster	$1,450
13	Merrillville	$1,440
14	Noblesville	$1,415
15	Highland	$1,390

Nearby cities — 2-bedroom rent

Considering nearby alternatives? 5 of these cities have cheaper 2-bedroom rents than Carmel.

City	Distance	2-Bedroom rent	vs Carmel
Westfield, IN	6 mi	$1,580	$-203 (-11%)
Zionsville, IN	10.7 mi	$1,870	+$87 (+5%)
Lawrence, IN	11 mi	$1,620	$-163 (-9%)
Indianapolis, IN	11.7 mi	$1,358	$-425 (-24%)
Noblesville, IN	12.3 mi	$1,415	$-368 (-21%)
Fishers, IN	13.6 mi	$1,577	$-206 (-12%)
Speedway, IN	14.2 mi	$1,220	$-563 (-32%)
Sheridan, IN	14.2 mi	$1,220	$-563 (-32%)
Whitestown, IN	14.5 mi	$1,790	+$7 (0%)
McCordsville, IN	16.5 mi	$1,620	$-163 (-9%)
Beech Grove, IN	16.9 mi	$1,220	$-563 (-32%)
Brownsburg, IN	18.6 mi	$1,510	$-273 (-15%)

2-Bedroom rent in Carmel — common questions

How much is a 2-bedroom apartment in Carmel?

As of August 2026, the median 2-bedroom apartment rent in Carmel, Indiana is $1,783 per month. This is +3% below the citywide median of $1,832.

What income do you need to afford a 2-bedroom in Carmel?

Using the standard 30% rent-to-income rule, you would need an annual income of about $71,320 ($5,943/month gross), which works out to roughly $34.29/hour at a full-time job.

Is Carmel expensive for a 2-bedroom compared to the rest of the US?

Carmel's 2-bedroom median of $1,783 is +8% above the national 2-bedroom median of $1,655. It ranks in the 57th percentile of US cities tracked.

How does Carmel rank for 2-bedroom rent in Indiana?

Among the 62 cities in Indiana with 2-bedroom data, Carmel ranks #60 from cheapest to most expensive.

Are there cheaper 2-bedroom options near Carmel?

Yes — nearby cities with cheaper 2-bedroom rents include Westfield ($1,580), Lawrence ($1,620), Indianapolis ($1,358).

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Methodology: Bedroom-level rent medians come from HUD Fair Market Rent data calibrated to the Zillow Observed Rent Index (ZORI) for Carmel, which serves as the citywide anchor. When the HUD bedroom values exceed the ZORI city median (a common quirk in luxury markets and small samples), bedroom values are proportionally scaled down to align. Income required uses the standard 30% rent-to-income guideline. Comparison rankings use the same data month across all cities (August 2026) and exclude cities with median rent below $400 or above $20,000.