Cheap Apartments for Rent in the Spring Arbor Neighborhood of Carmel, IN from $500 (24 Rentals)

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

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ReNew at The Crossing
$932 - $2,404
Total Monthly Price

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Base Rent
$900 - $2,372
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1 to 3 Bedroom Apartments Available Now

ReNew at The Crossing

1130 Racquet Club North DrIndianapolis, IN 46260
Corporate Housing
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Hampshire Court
1 to 2 Bedroom Apartments

Hampshire Court

2455 Rolls DrIndianapolis, IN 46268
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Slate Run Lofts
Studio to 2 Bedroom Apartments

Slate Run Lofts

9555 International DrIndianapolis, IN 46268
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Showing Results 1-24, 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 King's Reserve College Park 55+ Active Living priced from $699. Carlton Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here are the most affordable Spring Arbor apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
King's Reserve College Park 55+ Active LivingStudio KingStudio,1BA$699
Carlton ApartmentsVilla1BR,1BA$800
Reflections ApartmentsReplicaStudio,1BA$824
Westbury CourtStandard One Bedroom (SN2)1BR,1BA$841
Turtle CreekStudioStudio,1BA$859

Best Value Apartments for Rent in Spring Arbor, IN

As of March 20, 2026 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 Keystone Model at Willow Lake Apartments starting at $1,410 with a $1.28 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
Willow Lake ApartmentsKeystone1BR,1BA$1.28
The JamesonOntario2BR,2BA$1.43
ReNew at The Crossing2 Bedroom 2 Bathroom 905 Sq. Ft.2BR,2BA$1.41
Hunters Point Apartments2 Bed, 2.00 Bath2BR,2BA$1.59
The Grove on Harcourt1x1,5 Upgrade1BR,1.5BA$1.16
Summerwood on Towne Line ApartmentsSycamore2BR,1BA$1.36
The Eclipse Apartment HomesThe Phoenix - Renovated1BR,1.5BA$1.45
The Elliott at College Park Apartment HomesOne Bedroom1BR,1BA$1.46
Lakeshore Reserve Off 86th Apartments and TownhomesOne Bedroom1BR,1BA$1.48

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Best Local Schools in
Spring Arbor, Carmel, IN

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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 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 $979.

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

The cheapest apartment in Spring Arbor is Carlton Apartments which is listed at $800, while the average apartment in Spring Arbor costs $2,295.

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 41 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 $177 which is $2,118 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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

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Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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