Rent to own Homes in Carmel, IN

This city started out as a settlement called Bethlehem, grew into into a farming community and was renamed Carmel, and then morphed into a bedroom suburb for greater Indianapolis. The latest transition has seen Carmel become its own city, laying the groundwork for a thriving arts and culture scene. Carmel was picked for the number one spot for Best Places to Live, Small Cities by CNN Money Magazine in 2012.

Carmel, IN is a great place for affordable rent-to-own homes! With a median household income of over $115,109 and a median rent of $1,247, the Carmel, IN rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Carmel, IN. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Carmel, IN rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
1 of 61 11695 HORIZON CT
Rent To Own
Masthead
Single Family Home
Fishers, IN 46037
4
6
2170 ft2
1987
4456 N KENYON AVE
Rent To Own
Devington
Single Family Home
Indianapolis, IN 46226
3
1
1598 ft2
1959
9910 N COUNTY ROAD 1075 E
Rent To Own
 
Single Family Home
Brownsburg, IN 46112
2
2
2134 ft2
1954
Hot
1907 N BANCROFT ST
Rent To Own
Near Eastside
Single Family Home
Indianapolis, IN 46218
2
1
1557 ft2
1941
1026 JEFFERSON AVE
Rent To Own
Near Eastside
Single Family Home
Indianapolis, IN 46201
5
4
2678 ft2
1920
904 N KEYSTONE AVE
Rent To Own
Near Eastside
Single Family Home
Indianapolis, IN 46201
4
3
2000 ft2
1915
1 of 28 234 N TACOMA AVE
Rent To Own
Near Eastside
Single Family Home
Indianapolis, IN 46201
4
4
1889 ft2
1920
3545 S SADLIER DR
Rent To Own
Five Points
Single Family Home
Indianapolis, IN 46239
3
2
1606 ft2
1957
7220 FORRESTER LN
Rent To Own
Southern Dunes
Townhouse/Condo
Indianapolis, IN 46217
3
3
1721 ft2
2005
512 CENTRAL AVE
Rent To Own
 
Single Family Home
Anderson, IN 46012
3
2
1202 ft2
1915
5807 ARROWHEAD BLVD
Rent To Own
Indian Heights
Single Family Home
Kokomo, IN 46902
3
1
936 ft2
1960
Hot
1 of 25 11954 MANNINGS PASS
Rent To Own
 
Single Family Home
Zionsville, IN 46077
4
4
4185 ft2
2013
Hot
1 of 21 2115 E 110TH ST
Rent To Own
 
Single Family Home
Carmel, IN 46032
3
2
2420 ft2
1968
Hot
1 of 47 6571 FREEMONT LN
Rent To Own
Cherry Creek Estates
Single Family Home
Carmel, IN 46033
4
3
5400 ft2
2010
10254 CARROLLTON AVE
Rent To Own
Home Place
Single Family Home
Carmel, IN 46280
3
2
1310 ft2
1955
1 of 4 13462 SPOTSWOOD ST
Rent To Own
The Village Of West Clay
Single Family Home
Carmel, IN 46032
5
5
4696 ft2
2005
Hot
1 of 10 2102 OAK RUN NORTH DR
Rent To Own
St Vincent - Greenbriar
Single Family Home
Indianapolis, IN 46260
2
2
1441 ft2
1986
9150 KERWOOD DR
Rent To Own
Nora - Far Northside
Single Family Home
Indianapolis, IN 46240
3
3
3291 ft2
1949
1027 WATERTOWN DR
Rent To Own
Centennial
Single Family Home
Westfield, IN 46074
4
4
4178 ft2
2003
Hot
1 of 30 15493 BRACKENWOOD CT
Rent To Own
Noble West
Single Family Home
Noblesville, IN 46062
4
4
3470 ft2
2004
1 of 37 8001 WESTFIELD BLVD
Rent To Own
North Central
Single Family Home
Indianapolis, IN 46240
5
6
6490 ft2
1929
Hot
1 of 5 9852 PARKSHORE DR
Rent To Own
 
Single Family Home
Fishers, IN 46038
5
3
4621 ft2
2003
1601 E 77TH ST
Rent To Own
North Central
Single Family Home
Indianapolis, IN 46240
3
3
2987 ft2
1934
Hot
1 of 36 245 WINSLOW DR
Rent To Own
Countryside
Single Family Home
Westfield, IN 46074
3
3
2515 ft2
2002
Hot
1 of 11 3528 SNOWDON DR
Rent To Own
 
Single Family Home
Westfield, IN 46074
4
3
4301 ft2
2018
Hot
1 of 45 5321 E 72ND PL
Rent To Own
Allisonville
Single Family Home
Indianapolis, IN 46250
4
3
3500 ft2
1965
Hot
1 of 45 10420 CALIBOUGE DR
Rent To Own
 
Single Family Home
Fishers, IN 46037
4
3
3970 ft2
1998
6916 STARKEY RIDGE LN
Rent To Own
Augusta - New Augusta
Single Family Home
Indianapolis, IN 46268
3
2
1546 ft2
1993
Hot
1 of 14 17942 VILLAGE WAY
Rent To Own
Pebble Brook
Single Family Home
Noblesville, IN 46062
4
3
2310 ft2
1993
Hot
1 of 21 1078 LOGAN ST
Rent To Own
 
Single Family Home
Noblesville, IN 46060
3
2
2412 ft2
1900
Hot
1 of 31 8249 SKIPJACK DR
Rent To Own
Geist
Single Family Home
Indianapolis, IN 46236
4
5
4491 ft2
1986
Hot
1 of 27 6140 INDIANOLA AVE
Rent To Own
Broad Ripple
Single Family Home
Indianapolis, IN 46220
2
1
836 ft2
1927
1 of 35 6026 INDIANOLA AVE
Rent To Own
Broad Ripple
Single Family Home
Indianapolis, IN 46220
5
3
3300 ft2
1930
Hot
1 of 17 7123 EMBER CT
Rent To Own
 
Single Family Home
Indianapolis, IN 46236
4
4
3370 ft2
1997
4923 KESSLER BOULEVARD EAST DR
Rent To Own
Devonshire
Single Family Home
Indianapolis, IN 46220
8
6
26000 ft2
1956
Hot
1 of 4 2531 DELL ZELL DR
Rent To Own
Millersville
Single Family Home
Indianapolis, IN 46220
3
1
1144 ft2
1950
Hot
1 of 7 10309 BRUSHFIELD LN
Rent To Own
 
Single Family Home
Fishers, IN 46037
4
3
2354 ft2
1999
Hot
1 of 40 18879 MONARCH SPRINGS DR
Rent To Own
 
Single Family Home
Noblesville, IN 46060
4
5
5158 ft2
2005
1 of 65 8556 PRESERVATION WAY
Rent To Own
 
Single Family Home
Indianapolis, IN 46278
4
4
4026 ft2
2016
1 of 15 5001 Apple Spruce Drive
Rent To Own
 
Multifamily (2 - 4 Units)
Indianapolis, IN 46235
3
2
1710 ft2
1997
Hot
1 of 31 4075 ASHBOURNE LN
Rent To Own
Devon
Single Family Home
Indianapolis, IN 46226
4
3
2827 ft2
1955
Hot
1 of 36 176 BERKSHIRE LN
Rent To Own
North Harbour
Single Family Home
Noblesville, IN 46062
4
3
2325 ft2
1987
1 of 4 Forest Manor
Rent To Own
Devon
Multifamily (2 - 4 Units)
Indianapolis, IN 46226
3
2
1300 ft2
1952
Hot
1 of 40 8627 N WINDING BND
Rent To Own
 
Single Family Home
Mccordsville, IN 46055
3
3
2450 ft2
2010
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Buying a Home in Carmel, IN

Carmel, IN is seeing rapid growth and Carmel, IN's' housing market remains not optimal with an average home price that is 62% above the 2024 national average. Carmel, IN is part of Hamilton county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Hamilton is 1.08% which is above the national average, which is 0.99%.

Median Home Price in Carmel, IN

Median Rent in Carmel, IN

Rent to own homes offer low monthly payments and flexible terms.

Top Reasons to Live in Carmel IN

Housing Statistics Just over 80,000 people call Carmel home, an increase of 120 percent since 2000. That growth stalled during the housing downturn, but the city is rebounding nicely through the summer of 2013. The average home sale price is at $331,225, down slightly from the year before. On the plus side, the average number of days on the market dropped to 65 and the sales price to list price ratio moved to 97.61 percent. June 2013 total home sales were 254, up from 197 year over year. Home ownership is at 76% and the rental vacancy rate is running 5.6 percent.

Carmel Area Tourist Attractions The Indianapolis Motor Speedway, the Indiana Pacers and Indianapolis Colts, and the rest of the offerings of the capital city still draw the region's tourists. That said, Carmel is coming up with cultural alternatives that not only keep people at home when looking for fun, they also are drawing from surrounding areas. The Center for the Performing Arts is a three-venue facility that brings top-level stage productions to town. The Palladium is one of the three and is known for exceptional sound quality.

Local Shopping The Carmel Arts and Design District is in the heart of old Carmel and is somewhat eclectic and artful. Art galleries, antique stores, unique shops, and restaurants are all here. Pedestrian friendly and primarily open air, the idea behind the District is to move beyond the standard suburban model of anchor store and strip mall. Carmel also has Clay Terrace, which is a shopping center that could be called an upscale strip mall.

Carmel Neighborhoods In spite of the current high median home price, Carmel is more than just expensive. Affordable neighborhoods weave their way among the higher-priced planned communities. Carmel has more roundabouts than any other city in America, which helps define many streets and offer separation. Here's a look at some of the main neighborhoods: