
Cheap Apartments for Rent in the Spring Arbor Neighborhood of Carmel, IN from $500 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in the Spring Arbor area of Carmel.


12833 Tradd St, Unit 2C

3751 W 97th St

Turtle Creek - Indianapolis

Westbury Court

King's Reserve College Park 55+ Active Living

Carlton Apartments

Landmark

Slate Run Lofts and Apartments

The Manning Apartment Homes
Rent According to Income: A Look at Income-Restricted Rentals
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Avia Lofts at Founders Road

The Spring Waterside Luxury Apartments

The Grove on 79th

Total Monthly Price
ReNew at the Crossing

The Towers at Crooked Creek Senior Housing

The Grove on Harcourt

Lakeshore Reserve Off 86th Apartments and Townhomes

Oak Lake at Crooked Creek

The Eclipse Apartment Homes

Summerwood on Towne Line Apartments
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.

Forest Ridge Apartment Homes

North Willow

Chelsea Village

The Lakes Apartments

The Elliott at College Park Apartment Homes

Reserve at Williams Glen

The Rail at 1380

Woods of West Carmel

Total Monthly Price
Aria Apartments of Zionsville

Willow Lake Apartments
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.

Furnished Studio-Indianapolis - Northwest - I-465

Sylo

2737 W 75th St

Hampshire Court

Dogwood Glen

Reflections Apartments

College Park Apartments

Pickwick Farms Apartments

Slate Run Lofts

The Villages of Bent Tree Apartments
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.

The Jameson

Crooked Creek

Hunters Point Apartments

Preserve at Willow Springs

Private Reserve Townhomes

1116 Viburnum Dr

2634 Westleigh Dr

8065 Hoover Ln

4023 Much Marcle Dr

3537 Birchfield Pl
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.
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 | $1,085 | $749 | $2,339 |
| Spring Arbor 1 Bedroom Apartments | $1,451 | $786 | $1,794 |
| Spring Arbor 2 Bedroom Apartments | $1,780 | $1,070 | $2,742 |
| Spring Arbor 3 Bedroom Apartments | $2,011 | $1,389 | $3,309 |
| Spring Arbor 4 Bedroom Apartments | $1,756 | $1,756 | $1,756 |
Browse Apartments in this Neighborhood
There are currently 50 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 Studio unit found at Turtle Creek - Indianapolis priced from $749. Carlton Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $810. Here are the most affordable Spring Arbor apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Turtle Creek - Indianapolis | S1 Shell | Studio,1BA | $749 |
| Carlton Apartments | Villa | 1BR,1BA | $810 |
| Reflections Apartments | Replica | Studio,1BA | $854 |
| Landmark | S1 Ranier | Studio,1BA | $870 |
| Pickwick Farms Apartments | 1 BR, 1 Bath | 1BR,1BA | $958 |
| Westbury Court | Deluxe One Bedroom (AN) | 1BR,1BA | $966 |
| The Manning Apartment Homes | Studio | Studio,1BA | $969 |
| The Jameson | Newell | 1BR,1BA | $1,009 |
| King's Reserve College Park 55+ Active Living | Studio Alcove | Studio,1BA | $1,025 |
| The Towers at Crooked Creek Senior Housing | 1BD | 1BR,1BA | $1,045 |
Best Value Apartments for Rent in Spring Arbor, IN
As of August 04, 2026 the best value apartment in the Spring Arbor area is the $1.13 price per square foot Westfield Model at Willow Lake Apartments in the in the Spring Arbor neighborhood starting from $1,980. The second greatest value Spring Arbor apartment is the 2 Bed/2 Bath-Up Model at North Willow starting at $1,399 with a $1.04 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Willow Lake Apartments | Westfield | 2BR,2.5BA | $1.13 |
| North Willow | 2 Bed/2 Bath-Up | 2BR,2BA | $1.04 |
| Private Reserve Townhomes | The Newburgh | 2BR,1.5BA | $1.07 |
| The Rail at 1380 | The Boiler | 2BR,2BA | $1.57 |
| The Elliott at College Park Apartment Homes | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.33 |
| ReNew at the Crossing | 2x2 | 2BR,2BA | $1.28 |
| The Grove on Harcourt | 1x1.5 Large Renovated | 1BR,1.5BA | $1.33 |
| Pickwick Farms Apartments | 2 BR, 1.5 Bath | 2BR,1.5BA | $1.38 |
| The Eclipse Apartment Homes | The Phoenix - Renovated | 1BR,1.5BA | $1.57 |
| Lakeshore Reserve Off 86th Apartments and Townhomes | One Bedroom | 1BR,1BA | $1.56 |
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.
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.
Read ArticleQuick 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.
Best Local Schools in Spring Arbor, Carmel, IN
Zionsville Community High School
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 the Cheapest Studio apartment in Spring Arbor?
Currently the most affordable Cheap Studio Apartment in Spring Arbor is at Turtle Creek - Indianapolis listed at $749.
How much is rent for a Cheap One Bedroom Spring Arbor Apartment?
The lowest price for a Cheap One Bedroom Spring Arbor Apartment is $810 at Carlton Apartments.
What is the lowest price for a Cheap Two Bedroom Spring Arbor Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Spring Arbor is starting from $1,070 at Carlton Apartments.
What is the most affordable Spring Arbor Three Bedroom Apartment?
The best deal on a cheap Spring Arbor Three Bedroom Apartment rental is at The Grove on Harcourt and starts from $1,419.
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.
Helpful Local Expert Guides

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Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.