
Cheap Homes for Rent in Spring Arbor Neighborhood of Carmel, IN from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Spring Arbor area of Carmel.


7440 Country Brook Dr, Unit 7440
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
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8446 Viburnum Ct

8340 Woodall Dr
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3181 Sandpiper N Dr

12863 Tradd St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
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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 | $1,744 | $600 | $2,495 |
Spring Arbor 3 Bedroom Homes for Rent | $2,609 | $2,000 | $3,850 |
Spring Arbor 4 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Browse Homes for Rent in this Neighborhood
There are currently 6 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
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Turtle Creek | Studio 3rd | Studio,1BA | $817 |
Grove on Harcourt | 1 Bed 1.5 Bath Apartment | 1BR,1BA | $900 |
Grove on 79th | 1 Bed 1 Bath Apartment | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
North Willow | 2 Bed/2 Bath-Dn | 2BR,2BA | $1.17 |
Lakeshore Reserve Off 86th Apartments and Townhomes | Three Bedroom 2.5 Bath Townhome | 3BR,2.5BA | $1.31 |
Private Reserve Townhomes | The Newburgh | 2BR,1.5BA | $1.07 |
Willow Lake Apartments | Keystone | 1BR,1BA | $1.49 |
Grove on Harcourt | 1 Bed 1.5 Bath Apartment w/Den - Premium | 1BR,1.5BA | $1.16 |
The Elliott at College Park Apartment Homes | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.36 |
The Jameson | Montclair | 2BR,2BA | $1.39 |
The Retreat Northwest | 2 Bedroom 2 Bathroom 905 Sq. Ft. | 2BR,2BA | $1.43 |
Crooked Creek | The Bordeaux | 1BR,1BA | $1.48 |
Grove on 79th | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.39 |
Quick 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.
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.

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.

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.

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.

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.