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$786 - $1,8591 to 3 Bedroom Apartments Available Oct 21
Westbury Court
7747 Santa Monica DrIndianapolis, IN 46268
Cheap Apartments for Rent in the Spring Arbor Neighborhood of Carmel, IN from $587 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Spring Arbor area of Carmel.
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Rent Specials
$799 - $1,639Studio to 2 Bedroom Apartments Available Now
King's Reserve College Park 55+ Active Adult
8810 Colby BlvdIndianapolis, IN 46268
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$810 - $1,2201 to 2 Bedroom Apartments Available Now
Carlton Apartments
2629 Plaza DrIndianapolis, IN 46268
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$859 - $1,574Studio to 3 Bedroom Apartments Available Now
Turtle Creek
8253 Harcourt RdIndianapolis, IN 46260
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$929 - $1,7421 to 4 Bedroom Apartments Available Now
Forest Ridge
7676 Horsetail DrIndianapolis, IN 46260
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$950 - $1,549Studio to 2 Bedroom Apartments Available Now
Slate Run Lofts and Apartments
9555 International CirIndianapolis, IN 46268
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$979 - $1,469Studio to 2 Bedroom Apartments Available Now
Avia Lofts at Founders Road
3553 Founders RdIndianapolis, IN 46268
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$979 - $1,3891 to 3 Bedroom Apartments Available Now
The Grove on 79th
2000 W 79th StIndianapolis, IN 46260
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$989 - $1,8991 to 2 Bedroom Apartments Available Now
The Spring Waterside Luxury Apartments
8851 Springside Ln EIndianapolis, IN 46260
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$999 - $1,872Studio to 3 Bedroom Apartments Available Now
Landmark
7653 Woodmore Trace TerIndianapolis, IN 46260
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$999 - $1,4091 to 3 Bedroom Apartments Available Now
The Grove on Harcourt
8002 Harcourt RdIndianapolis, IN 46260
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$1,029 - $1,8991 to 3 Bedroom Apartments Available Now
The Eclipse Apartment Homes
8444 Rothbury DrIndianapolis, IN 46260
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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$1,029 - $1,869Studio to 3 Bedroom Apartments Available Now
The Manning Apartment Homes
8101 Laguna DrIndianapolis, IN 46260
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$1,045 - $1,1211 to 2 Bedroom Apartments Available Now
The Towers at Crooked Creek Senior Housing
7988 N Michigan RdIndianapolis, IN 46268
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$1,062 - $1,3751 to 2 Bedroom Apartments Available Now
Oak Lake at Crooked Creek
3855 Oak Lake CirIndianapolis, IN 46268
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$1,075 - $1,9261 to 2 Bedroom Apartments Available Now
The Elliott at College Park Apartment Homes
8760 LeMode CtIndianapolis, IN 46268
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$1,099 - $2,149
Total Monthly Price
Base Rent$1,099 - $2,149
Total Monthly Price$1,099 - $2,149
ReNew at the Crossing
1130 Racquet Club North DrIndianapolis, IN 46260
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1 to 2 Bedroom Apartments
Hampshire Court
2455 Rolls DrIndianapolis, IN 46268
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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Studio to 2 Bedroom Apartments
Dogwood Glen
2390 Woodglen DrIndianapolis, IN 46260
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1 Bedroom Apartments
College Park Apartments
3050 Colby LnIndianapolis, IN 46268
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Studio to 3 Bedroom Apartments
Reflections Apartments
7999 Silverleaf DrIndianapolis, IN 46260
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Studio to 3 Bedroom Apartments
Pickwick Farms Apartments
1540 Handball LnIndianapolis, IN 46260
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Studio to 2 Bedroom Apartments
Slate Run Lofts
9555 International DrIndianapolis, IN 46268
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1 to 2 Bedroom Apartments
The Villages of Bent Tree Apartments
3210 Ramblewood DrIndianapolis, IN 46268
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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1 to 2 Bedroom Apartments
The Jameson
1854 Century WayIndianapolis, IN 46260
Showing Results 1-25, Page 1 of 1
Spring Arbor, Carmel, IN Local Guide
How much does it cost to rent an apartment in Spring Arbor?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Spring Arbor Studio Apartments | $1,183 | $799 | $2,339 |
| Spring Arbor 1 Bedroom Apartments | $1,448 | $786 | $2,099 |
| Spring Arbor 2 Bedroom Apartments | $1,732 | $1,070 | $2,555 |
| Spring Arbor 3 Bedroom Apartments | $1,935 | $1,389 | $3,442 |
| Spring Arbor 4 Bedroom Apartments | $1,742 | $1,742 | $1,742 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 3 mile radius of the Spring Arbor Neighborhood of Carmel, IN.
See all Apartments in CarmelExplore Carmel
Spring Arbor, Carmel, IN Local Guide
- Nearby Carmel neighborhoods
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Cheapest Available Spring Arbor Apartments for Rent
The cheapest available apartment rental in the Spring Arbor area of Indianapolis, IN is a 1 Bed unit found at Carlton Apartments priced from $810. Turtle Creek has the second lowest priced unit, which is a 1 Bed apartment currently listed from $859. Here are the most affordable Spring Arbor apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Carlton Apartments | Villa | 1BR, 1BA | $810 |
| Turtle Creek | A2 Walnut | 1BR, 1BA | $859 |
| King's Reserve College Park 55+ Active Adult | Studio Nook | Studio, 1BA | $875 |
| Dogwood Glen | 1 Bed 1 Bath | 1BR, 1BA | $880 |
| Pickwick Farms Apartments | Studio | Studio, 1BA | $900 |
Best Value Apartments for Rent in Spring Arbor, IN
As of September 18, 2026 the best value apartment in the Spring Arbor area is the $1.48 price per square foot Shelbourne Model at Willow Lake Apartments in the Spring Arbor neighborhood starting from $2,285. The second greatest value Spring Arbor apartment is the Three Bedroom Townhome Large Model at Chelsea Village in the Spring Arbor neighborhood starting at $2,055 with a $1.50 price per square foot. Here is today’s list of the best values for Spring Arbor apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Willow Lake Apartments | Shelbourne | 2BR, 2BA | $1.48 |
| Chelsea Village | Three Bedroom Townhome Large | 3BR, 2BA | $1.50 |
| Lakeshore Reserve Off 86th Apartments and Townhomes | Three Bedroom 2.5 Bath Townhome | 3BR, 2.5BA | $1.29 |
| Private Reserve Townhomes | The Newburgh | 2BR, 1.5BA | $1.07 |
| The Elliott at College Park Apartment Homes | Two Bedroom 1.5 Bath | 2BR, 1.5BA | $1.11 |
| ReNew at the Crossing | 1x1.5 Loft | 1BR, 1.5BA | $1.35 |
| The Grove on Harcourt | 1x1.5 Large Renovated | 1BR, 1.5BA | $1.33 |
| Forest Ridge | 1 Bed, 1 Bath | 1BR, 1BA | $1.12 |
| Turtle Creek | B1 Ridge | 2BR, 1BA | $1.49 |
| Pickwick Farms Apartments | Studio | Studio, 1BA | $1.50 |
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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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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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Best Local Schools in Spring Arbor, Carmel, IN
Zionsville Community High School
Zionsville Community Schools
Public School - Grades 9-12 (2338)
9 out of 10
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 $1,029.
What is the price of a cheap apartment in Spring Arbor?
The cheapest apartment in Spring Arbor is Carlton Apartments which is listed at $810, while the average apartment in Spring Arbor costs $1,569.
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 10 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 $115 which is $1,454 cheaper than the average rent for all rentals in Spring Arbor.
Expert Rental Resources
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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Welcome to Indy: A Local Expert's Guide to the City's Best Short-Term Rental Neighborhoods
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My name is Wendy, and I am the local expert for ApartmentHomeLiving.com in the Indianapolis area. Being born and raised in Indiana, I know the true meaning of Hoosier hospitality.
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Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.
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Rent According to Income: A Look at Income-Restricted Rentals
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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.