Cheap Homes for Rent in Spring Arbor Neighborhood of Carmel, IN from $600 (6 Rentals)

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

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.

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.

property at 12863 Tradd St

12863 Tradd St

CarmelIN46032

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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 priced from $817. Grove on Harcourt has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable Spring Arbor apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Turtle CreekStudio 3rdStudio,1BA$817
Grove on Harcourt1 Bed 1.5 Bath Apartment1BR,1BA$900
Grove on 79th1 Bed 1 Bath Apartment1BR,1BA$900

Best Value Apartments for Rent in Spring Arbor, IN

As of May 11, 2025 the best value apartment in the Spring Arbor area is the $1.17 price per square foot 2 Bed/2 Bath-Dn Model at North Willow in the in the Spring Arbor neighborhood starting from $1,584. The second greatest value Spring Arbor apartment is the Three Bedroom 2.5 Bath Townhome Model at Lakeshore Reserve Off 86th Apartments and Townhomes starting at $1,765 with a $1.31 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.
North Willow2 Bed/2 Bath-Dn2BR,2BA$1.17
Lakeshore Reserve Off 86th Apartments and TownhomesThree Bedroom 2.5 Bath Townhome3BR,2.5BA$1.31
Private Reserve TownhomesThe Newburgh2BR,1.5BA$1.07
Willow Lake ApartmentsKeystone1BR,1BA$1.49
Grove on Harcourt1 Bed 1.5 Bath Apartment w/Den - Premium1BR,1.5BA$1.16
The Elliott at College Park Apartment HomesTwo Bedroom 1.5 Bath2BR,1.5BA$1.36
The JamesonMontclair2BR,2BA$1.39
The Retreat Northwest2 Bedroom 2 Bathroom 905 Sq. Ft.2BR,2BA$1.43
Crooked CreekThe Bordeaux1BR,1BA$1.48
Grove on 79th1 Bed 1 Bath Apartment1BR,1BA$1.39

Quick Rent Budget Calculator

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Frequently Asked Questions about Spring Arbor

What type of rentals are currently available in Spring Arbor?

There are currently 52 Apartments for Rent in Spring Arbor, IN with pricing that ranges from $415 to $3,604. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spring Arbor ranging from $600 to $4,500.

What is the current price range for Rental Homes in Spring Arbor?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Spring Arbor ranges from $600 to $4,500 with an average monthly rent of $2,703.

How much are larger Three and Four Bedroom Rentals in Spring Arbor?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Spring Arbor range from $1,200 to $3,604, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $3,850. Four Bedroom Single-Family rentals are also available starting from $4,500 and Four Bedroom Apartments start at $1,745.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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

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

Written by: Wendy Melton

Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.