Carmel, IN Rent History
141 months of data, 2015–2026. Source: ZORI (Zillow Observed Rent Index, smoothed seasonally adjusted).
Today (2026-09)
$1,864
1-year change
+10.2%
$172/mo
5-year change
+27.7%
$404/mo
10-year change
+61.1%
$707/mo
Monthly rent trend
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Year-by-year rent in Carmel
| Year | Median rent | YoY change | vs 2015 |
|---|---|---|---|
| 2015 | $1,125/mo | — | 0.0% |
| 2016 | $1,145/mo | +1.8% | +1.8% |
| 2017 | $1,165/mo | +1.7% | +3.6% |
| 2018 | $1,189/mo | +2.1% | +5.7% |
| 2019 | $1,238/mo | +4.1% | +10.0% |
| 2020 | $1,274/mo | +2.9% | +13.2% |
| 2021 | $1,324/mo | +3.9% | +17.7% |
| 2022 | $1,565/mo | +18.2% | +39.1% |
| 2023 | $1,638/mo | +4.7% | +45.6% |
| 2024 | $1,644/mo | +0.4% | +46.1% |
| 2025 | $1,688/mo | +2.7% | +50.0% |
| 2026 | $1,763/mo | +4.4% | +56.7% |
Frequently asked questions
How much has rent in Carmel changed since 2015?
Median rent in Carmel, IN was $1,112 in 2015-01 and is $1,864 as of 2026-09 — a change of $752 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 +27.7% ($404 per month). The current median is $1,864.
What has rent in Carmel done over the past decade?
Over the past 10 years, median rent in Carmel, IN has changed +61.1% ($707 per month). It is now $1,864.
Is rent in Carmel going up or down year over year?
Year over year, median rent in Carmel, IN has increased +10.2% ($172/mo). Current median: $1,864.