Cheap Homes for Rent in Spring Arbor Neighborhood of Carmel, IN from $400 (7 Rentals)

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

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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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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 Dogwood Glen priced from $620. Westbury Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here are the most affordable Spring Arbor apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Dogwood GlenStudio 1 BathStudio,1BA$620
Westbury CourtStandard One Bedroom (SN3M)1BR,1BA$745
King's Reserve College Park 55+ Active LivingStudio KingStudio,1BA$799

Best Value Apartments for Rent in Spring Arbor, IN

As of September 07, 2025 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 2 Bed/1 Ba w/FP-Up Model at North Willow starting at $1,494 with a $1.30 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
North Willow2 Bed/1 Ba w/FP-Up2BR,1BA$1.30
Wentworth at WestClay CondominiumsYork2BR,1BA$1.51
Willow Lake ApartmentsMeridian1BR,1.5BA$1.45
The Grove on Harcourt2 Bed 2 Bath Apartment - Premier2BR,2BA$1.16
The Elliott at College Park Apartment HomesTwo Bedroom 1.5 Bath2BR,1.5BA$1.36
The Retreat Northwest2 Bedroom 2 Bathroom 905 Sq. Ft.2BR,2BA$1.41
Chelsea VillageOne Bedroom Apartment with Loft1BR,1BA$1.41
The Eclipse Apartment HomesThe Phoenix - Premier1BR,1.5BA$1.44
Westbury CourtStandard One Bedroom (SN3M)1BR,1BA$1.29

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Spring Arbor, Carmel, IN

Ranked #6

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Spring Arbor, Carmel, IN

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 54 Apartments for Rent in Spring Arbor, IN with pricing that ranges from $620 to $3,399. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spring Arbor ranging from $400 to $12,900.

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 $400 to $12,900 with an average monthly rent of $3,210.

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.

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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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.