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.

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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ReNew at the Crossing
Rent Specials
$1,089 - $2,299
Total Monthly Price

Total Monthly Price

Base Rent
$1,089 - $2,299
Total Monthly Price
$1,089 - $2,299
1 to 2 Bedroom Apartments Available Now

ReNew at the Crossing

1130 Racquet Club North DrIndianapolis, IN 46260
Corporate Housing
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  • 3D Tour

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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property at 10927 Lemongrass Dr

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850
Total Monthly Price
$1,850

2 Bedroom, 2.5 Bath Townhome for Rent

Available Now

10927 Lemongrass Dr

ZionsvilleIN46077
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Hampshire Court
1 to 2 Bedroom Apartments

Hampshire Court

2455 Rolls DrIndianapolis, IN 46268
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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
  • 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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Crooked Creek
1 to 2 Bedroom Apartments

Crooked Creek

3947 Point Bar RdIndianapolis, IN 46268

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, 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. Reflections Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $799. 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
Reflections ApartmentsReplicaStudio,1BA$799
Carlton ApartmentsVilla1BR,1BA$810
Turtle Creek - IndianapolisStudio ShellStudio,1BA$859
Avia Lofts at Founders RoadStudioStudio,1BA$979
Lakeshore Reserve Off 86th Apartments and TownhomesOne Bedroom1BR,1BA$1,000
The Grove on Harcourt1x1,5 Large Classic1BR,1BA$1,009
The Manning Apartment HomesStudioStudio,1BA$1,029
The Towers at Crooked Creek Senior Housing1BD1BR,1BA$1,045
Oak Lake at Crooked CreekCanopy1BR,1BA$1,062

Best Value Apartments for Rent in Spring Arbor, IN

As of May 05, 2026 the best value apartment in the Spring Arbor area is the $1.50 price per square foot Three Bedroom 2.5 Bath Townhome Model at Lakeshore Reserve Off 86th Apartments and Townhomes in the in the Spring Arbor neighborhood starting from $2,015. The second greatest value Spring Arbor apartment is the The Newburgh Model at Private Reserve Townhomes starting at $1,379 with a $1.07 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.
Lakeshore Reserve Off 86th Apartments and TownhomesThree Bedroom 2.5 Bath Townhome3BR,2.5BA$1.50
Private Reserve TownhomesThe Newburgh2BR,1.5BA$1.07
Crooked CreekThe Emerald & The Jade2BR,1.5BA$1.35
The Elliott at College Park Apartment HomesTwo Bedroom 1.5 Bath2BR,1.5BA$1.33
The JamesonOntario2BR,2BA$1.54
The Grove on Harcourt1x1,5 Large Classic1BR,1.5BA$1.12
Summerwood on Towne Line ApartmentsSycamore2BR,1BA$1.45
North Willow1 Bed/1 Bath-Dn1BR,1BA$1.52
The Eclipse Apartment HomesThe Phoenix - Renovated1BR,1.5BA$1.44
ReNew at the Crossing1x11BR,1BA$1.54

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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 the Cheapest Studio apartment in Spring Arbor?

Currently the most affordable Cheap Studio Apartment in Spring Arbor is at King's Reserve College Park 55+ Active Living listed at $699.

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 $1,109 at ReNew at the Crossing.

What is the most affordable Spring Arbor Three Bedroom Apartment?

The best deal on a cheap Spring Arbor Three Bedroom Apartment rental is at Turtle Creek - Indianapolis and starts from $1,598.

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

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Articles, How-To's, and Tips

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.