Cheap Apartments for Rent in the Spring Arbor Neighborhood of Carmel, IN from $500 (32 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Spring Arbor area of Carmel.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Hampshire Court
1 to 2 Bedroom Apartments

Hampshire Court

2455 Rolls DrIndianapolis, IN 46268
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Turtle Creek
Studio to 2 Bedroom Apartments

Turtle Creek

8253 Harcourt RdIndianapolis, IN 46260
  • Utilities Included
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Slate Run Lofts
Studio to 2 Bedroom Apartments

Slate Run Lofts

9555 International DrIndianapolis, IN 46268
  • Smoke Free
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The Jameson
1 to 2 Bedroom Apartments

The Jameson

1854 Century WayIndianapolis, IN 46260

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-32, Page 1 of 1

Spring Arbor, Carmel, IN Local Guide

Cheapest Available Spring Arbor Apartments for Rent

 

The cheapest available apartment rental in the Spring Arbor area of Indianapolis, IN is a Studio unit found at Reflections Apartments priced from $844. Slate Run Lofts and Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here are the most affordable Spring Arbor apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Reflections ApartmentsReplicaStudio,1BA$844
Slate Run Lofts and ApartmentsStudio-AptsStudio,1BA$850
Turtle CreekStudioStudio,1BA$859
The Retreat Northwest1 Bedroom 1 Bathroom 753 Sq. Ft.1BR,1BA$895
LandmarkRanierStudio,1BA$925
The Grove on Harcourt1 Bed 1.5 Bath Apartment1BR,1BA$979
The Towers at Crooked Creek Senior Housing1BD1BR,1BA$1,008
Westbury CourtTwo Bedroom One Bathroom (CN1)2BR,1BA$1,035
Chelsea VillageOne Bedroom Apartment1BR,1BA$1,039
Lakeshore Reserve Off 86th Apartments and TownhomesOne Bedroom1BR,1BA$1,050

Best Value Apartments for Rent in Spring Arbor, IN

As of November 02, 2025 the best value apartment in the Spring Arbor area is the $1.07 price per square foot The Newburgh Model at Private Reserve Townhomes in the in the Spring Arbor neighborhood starting from $1,379. The second greatest value Spring Arbor apartment is the 2 Bed/1 Ba w/FP-Up Model at North Willow starting at $1,494 with a $1.30 price per square foot in the Spring Arbor neighborhood. Here is today’s list of the best values for Spring Arbor apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Private Reserve TownhomesThe Newburgh2BR,1.5BA$1.07
North Willow2 Bed/1 Ba w/FP-Up2BR,1BA$1.30
Willow Lake ApartmentsMeridian1BR,1.5BA$1.41
The Grove on 79th1 Bed 1.5 Bath Apartment - Renovated1BR,1.5BA$1.12
Westbury CourtTwo Bedroom One Bathroom (CN1)2BR,1BA$1.07
Chelsea VillageTwo Bedroom Apartment2BR,1BA$1.55
The Eclipse Apartment HomesThe Tuscana - Renovated2BR,1BA$1.30
The Grove on Harcourt1 Bed 1.5 Bath Large Apartment - Reno1BR,1.5BA$1.15
The Elliott at College Park Apartment HomesOne Bedroom1BR,1BA$1.34
The Retreat Northwest1 Bedroom 1 Bathroom 753 Sq. Ft.1BR,1BA$1.19

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Spring Arbor, Carmel, IN

Ranked #6

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Spring Arbor, Carmel, IN

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers works hard to bring you Lifestyle Ratings of rentals in metropolitan areas across the United States, including Carmel. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and the best outdoor access, features that make it easier to raise kids, raising pets, transit options, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Spring Arbor Apartments

What is a cheap apartment in Spring Arbor?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Spring Arbor is under $1,050.

What is the price of a cheap apartment in Spring Arbor?

The cheapest apartment in Spring Arbor is The Retreat Northwest which is listed at $895, while the average apartment in Spring Arbor costs $1,767.

What types of apartments are the cheapest in Spring Arbor?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 13 regular apartments in Spring Arbor that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Spring Arbor?

Cheap apartments in Spring Arbor have an average cost of $293 which is $1,474 cheaper than the average rent for all rentals in Spring Arbor.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

Written by: Wendy Melton

Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.