Tara was born in Sharonville, Ohio, USA, a suburb of Cincinnati, to Patricia, a vocalist, and Harry Patrick, an entertainer and guitarist; her mother died of a brain tumor in 1998. She had an older sister, Debbie, who died from a heart attack, also in 1998. Tara attended the School for Creative and Performing Arts in Cincinnati and dropped out from Princeton High School in Sharonville.

After moving to California, she met singer Prince, who persuaded her to change her name to Carmen Electra. Soon after, she signed a recording contract with Paisley Park Records, Prince's company, marking the start of a short-lived rap career, which included one album.

In 1995, Electra started appearing in various television programs. Then, in May of 1996 she was featured in a nude pictorial in Playboy magazine, the first of several. This exposure led to higher profile television appearances, including Baywatch (cast member from 1997-1998) and MTV's Singled Out. She returned to Baywatch for the 2003 reunion movie, Baywatch: Hawaiian Wedding.

Carmen Electra became so popular among readers of Playboy that she was featured in the magazine three more times, with her second appearance in June 1997. She subsequently graced the cover twice, in December 2000 and April 2003. In the Playboy Cyber Club, she was the first woman invited to be a celebrity guest photographer; she chose Playmate Jennifer Walcott as her subject model.

Electra has appeared in several films, such as Good Burger (1997), The Mating Habits of the Earthbound Human (1999), the horror spoof Scary Movie (2000) and also appeared in Scary Movie 4 (2006), Epic Movie (2007), "Date Movie" (2007), and the remake of the 1970s TV show Starsky & Hutch (2004). She won an MTV Movie Award (best kiss) for Starsky & Hutch. Her acting work is generally panned by critics.

In 1999, she appeared in the Bloodhound Gang's music video of "The Inevitable Return of the Great White Dope."

In 2005, she joined the voice cast of the animated series Tripping the Rift, replacing Gina Gershon as the voice of the sexy android "Six". Also in 2005, she began the Naked Women's Wrestling League, acting as the commissioner for the professional wrestling promotion. In late 2006, Carmen began to be featured in commercials by Taco Bell.

Electra is the current spokesmodel for Ritz Camera Centers, appearing in their television and print ads with CEO David Ritz. She is featured in some video spoofs of Lonelygirl15 that are advertising Epic Movie.

Electra has her own line of prepaid  and gift MasterCards and is a spokeperson for Payment Data Systems, Inc.

She is a playable character in the video game Def Jam: Fight for New York and is one of the celebrity challenges in the video game, ESPN NFL 2K5, along with Steve-O, Jamie Kennedy, and others.

Electra has been confirmed as a competitor on NBC's Celebrity version of The Apprentice. This version of The Apprentice is currently scheduled to begin in early 2008 as a mid-season replacement.

Electra was previously romantically involved with rap star B Real of Cypress Hill from 1995 to 1998. It was revealed when B Real and Electra were both on The Howard Stern Show that B Real had purchased breast implants for her.

Electra achieved publicity during her on-again, off-again marriage to basketball star Dennis Rodman from 1998 to 1999. The wedding to Rodman took place at Little Chapel of the Flowers in Las Vegas, Nevada. Later, she had a brief affair with Tommy Lee, the ex-husband of Pamela Anderson.

On November 22, 2003, Electra married Dave Navarro, former lead guitarist for the rock bands Jane's Addiction and Red Hot Chili Peppers. The couple documented their courtship and marriage in an MTV celebreality show called 'Til Death Do Us Part: Carmen & Dave. On 17 July 2006, she and Navarro announced their separation. Their rep confirmed their separation to Star Magazine. Electra filed for divorce on 10 August. It was finalized on February 20, 2007.