Cheap Apartments for Rent in the Spring Arbor Neighborhood of Carmel, IN from $500 (50 Rentals)

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

property at 12833 Tradd St

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

1 Bedroom, 1 Bath Condo for Rent

Available Oct 1

12833 Tradd St, Unit 2C

12833 Tradd St
CarmelIN46032

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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ReNew at the Crossing
$1,019 - $2,449
Total Monthly Price

Total Monthly Price

Base Rent
$1,019 - $2,449

Total Monthly Price
$1,019 - $2,449
1 to 3 Bedroom Apartments Available Now

ReNew at the Crossing

1130 Racquet Club North DrIndianapolis, IN 46260
Corporate Housing
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property at 2737 W 75th St

$2,085

Total Monthly Price

Total Monthly Price

Base Rent
$2,085

Total Monthly Price
$2,085

3 Bedroom, 2.5 Bath Rentals

Available Now

2737 W 75th St

IndianapolisIN46268
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Hampshire Court
1 to 2 Bedroom Apartments

Hampshire Court

2455 Rolls DrIndianapolis, IN 46268
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Dogwood Glen
Studio to 2 Bedroom Apartments

Dogwood Glen

2390 Woodglen DrIndianapolis, IN 46260
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Reflections Apartments
Studio to 3 Bedroom Apartments

Reflections Apartments

7999 Silverleaf DrIndianapolis, IN 46260
Corporate Housing
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Slate Run Lofts
Studio to 2 Bedroom Apartments

Slate Run Lofts

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

The Jameson

1854 Century WayIndianapolis, IN 46260
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Crooked Creek
1 to 2 Bedroom Apartments

Crooked Creek

3947 Point Bar RdIndianapolis, IN 46268

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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 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 ListingModel NameBed/BathPriced From
Turtle Creek - IndianapolisS1 ShellStudio,1BA$749
Carlton ApartmentsVilla1BR,1BA$810
Reflections ApartmentsReplicaStudio,1BA$854
LandmarkS1 RanierStudio,1BA$870
Pickwick Farms Apartments1 BR, 1 Bath1BR,1BA$958
Westbury CourtDeluxe One Bedroom (AN)1BR,1BA$966
The Manning Apartment HomesStudioStudio,1BA$969
The JamesonNewell1BR,1BA$1,009
King's Reserve College Park 55+ Active LivingStudio AlcoveStudio,1BA$1,025
The Towers at Crooked Creek Senior Housing1BD1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Willow Lake ApartmentsWestfield2BR,2.5BA$1.13
North Willow2 Bed/2 Bath-Up2BR,2BA$1.04
Private Reserve TownhomesThe Newburgh2BR,1.5BA$1.07
The Rail at 1380The Boiler2BR,2BA$1.57
The Elliott at College Park Apartment HomesTwo Bedroom 1.5 Bath2BR,1.5BA$1.33
ReNew at the Crossing2x22BR,2BA$1.28
The Grove on Harcourt1x1.5 Large Renovated1BR,1.5BA$1.33
Pickwick Farms Apartments2 BR, 1.5 Bath2BR,1.5BA$1.38
The Eclipse Apartment HomesThe Phoenix - Renovated1BR,1.5BA$1.57
Lakeshore Reserve Off 86th Apartments and TownhomesOne Bedroom1BR,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.

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Real 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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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.

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