
Cheap Homes for Rent in Spring Arbor Neighborhood of Carmel, IN from $1,500 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Spring Arbor area of Carmel.


Furnished Studio-Indianapolis - West 86th St.
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.

Furnished Studio-Indianapolis - Northwest - I-465

10927 Lemongrass Dr
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.

9572 Maple Way
Spring Arbor, Carmel, IN Local Guide

How much does it cost to rent a home in Spring Arbor?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Spring Arbor 2 Bedroom Homes for Rent | $1,700 | $1,550 | $1,850 |
| Spring Arbor 3 Bedroom Homes for Rent | $2,281 | $1,900 | $2,995 |
| Spring Arbor 4 Bedroom Homes for Rent | $2,976 | $1,980 | $4,650 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 3 mile radius of the Spring Arbor Neighborhood of Carmel, IN.
Explore Carmel
Spring Arbor, Carmel, IN Local Guide
- Nearby Carmel neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| King's Reserve College Park 55+ Active Living | Studio King | Studio,1BA | $699 |
| Carlton Apartments | Villa | 1BR,1BA | $800 |
| Reflections Apartments | Replica | Studio,1BA | $824 |
Best Value Apartments for Rent in Spring Arbor, IN
As of March 13, 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 Three Bedroom Townhome (T3) Model at Westbury Court starting at $1,474 with a $1.19 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. |
|---|---|---|---|
| Private Reserve Townhomes | The Newburgh | 2BR,1.5BA | $1.07 |
| Westbury Court | Three Bedroom Townhome (T3) | 3BR,2.5BA | $1.19 |
| Willow Lake Apartments | Keystone | 1BR,1BA | $1.28 |
| Crooked Creek | The Sage | 2BR,1.5BA | $1.46 |
| The Retreat Northwest | 2 Bedroom 2 Bathroom 905 Sq. Ft. | 2BR,2BA | $1.42 |
| The Grove on Harcourt | 1x1,5 Classic | 1BR,1.5BA | $1.12 |
| The Eclipse Apartment Homes | The Phoenix - Renovated | 1BR,1.5BA | $1.45 |
| The Elliott at College Park Apartment Homes | One Bedroom | 1BR,1BA | $1.47 |
| Summerwood on Towne Line Apartments | Willow | 1BR,1BA | $1.40 |
| Lakeshore Reserve Off 86th Apartments and Townhomes | One Bedroom | 1BR,1BA | $1.48 |
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 ArticleThe 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.
Read ArticleCash 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.
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
Frequently Asked Questions about Spring Arbor
What type of rentals are currently available in Spring Arbor?
There are currently 53 Apartments for Rent in Spring Arbor, IN with pricing that ranges from $695 to $3,309. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spring Arbor ranging from $1,550 to $4,650.
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 $1,550 to $4,650 with an average monthly rent of $2,319.
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

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.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.
Articles, How-To's, and Tips

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.