Carmel, IN Rent History
139 months of data, 2015–2026. Source: ZORI (Zillow Observed Rent Index, smoothed seasonally adjusted).
Today (2026-07)
$1,832
1-year change
+6.7%
$115/mo
5-year change
+26.7%
$386/mo
10-year change
+54.5%
$646/mo
Monthly rent trend
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Year-by-year rent in Carmel
| Year | Median rent | YoY change | vs 2015 |
|---|---|---|---|
| 2015 | $1,157/mo | — | 0.0% |
| 2016 | $1,176/mo | +1.6% | +1.6% |
| 2017 | $1,197/mo | +1.8% | +3.5% |
| 2018 | $1,225/mo | +2.3% | +5.9% |
| 2019 | $1,276/mo | +4.2% | +10.3% |
| 2020 | $1,312/mo | +2.8% | +13.4% |
| 2021 | $1,365/mo | +4.0% | +18.0% |
| 2022 | $1,620/mo | +18.7% | +40.0% |
| 2023 | $1,694/mo | +4.6% | +46.4% |
| 2024 | $1,703/mo | +0.5% | +47.2% |
| 2025 | $1,699/mo | -0.2% | +46.8% |
| 2026 | $1,827/mo | +7.5% | +57.9% |
Frequently asked questions
How much has rent in Carmel changed since 2015?
Median rent in Carmel, IN was $1,142 in 2015-01 and is $1,832 as of 2026-07 — a change of $690 per month over 11 years.
How much has Carmel rent increased in the last 5 years?
Over the past 5 years, median rent in Carmel, IN has changed +26.7% ($386 per month). The current median is $1,832.
What has rent in Carmel done over the past decade?
Over the past 10 years, median rent in Carmel, IN has changed +54.5% ($646 per month). It is now $1,832.
Is rent in Carmel going up or down year over year?
Year over year, median rent in Carmel, IN has increased +6.7% ($115/mo). Current median: $1,832.