Cheap Apartments for Rent in the Spring Mill Neighborhood of Carmel, IN from $700 (17 Rentals)

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

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.

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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Twin Lakes Apartments
1 to 3 Bedroom Apartments

Twin Lakes Apartments

616 Ransburg Dr SCarmel, IN 46032
  • Utilities Included

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.

Spring Mill, Carmel, IN Local Guide

Cheapest Available Spring Mill Apartments for Rent

 

The cheapest available apartment rental in the Spring Mill area of Indianapolis, IN is a 1 Bed unit found at Highpointe on Meridian priced from $1,140. MAIN STREET has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,149. Here are the most affordable Spring Mill apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Highpointe on MeridianU1 Bear - 1.11BR,1BA$1,140
MAIN STREETThe Walnut1BR,1BA$1,149
Carmel Landing Apartment Homes1-Garden1BR,1BA$1,153
Carmel WoodsThe Cypress1BR,1BA$1,233
Governor SquareDurbin - Renovated1BR,1BA$1,255

Best Value Apartments for Rent in Spring Mill, IN

As of June 16, 2025 the best value apartment in the Spring Mill area is the $1.32 price per square foot Cambridge Model at Wentworth at WestClay Condominiums in the in the Spring Arbor neighborhood starting from $1,616. The second greatest value Spring Mill apartment is the B5 Model at Penn Circle starting at $1,845 with a $1.68 price per square foot in the Beacon Point neighborhood. Here is today’s list of the best values for Spring Mill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Wentworth at WestClay CondominiumsCambridge2BR,2BA$1.32
Penn CircleB52BR,2BA$1.68
Governor SquareDurbin - Renovated1BR,1BA$1.39
Mezz 42Accapella (7175A2 1x1 - 890 sqft)1BR,1BA$1.72
Park Lane Apartments7183B3 2x2 (876 sqft)2BR,2BA$1.71
The Village on Spring MillVerdi - 1 bed 1 bath - Renovated1BR,1BA$1.58
Carmel WoodsThe Cypress1BR,1BA$1.54
Flats at Spring Mill StationThe Aberdeen1BR,1BA$1.75
GramercyVerde (1.10 A)1BR,1BA$1.69
MAIN STREETThe Walnut1BR,1BA$1.77

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Pet Friendly Lifestyle
Spring Mill, Carmel, IN

Ranked #5

Among neighborhoods in Carmel, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com works hard to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States, including Carmel. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and proximity to parks, family-friendly amenities, 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 Mill Apartments

How much is rent for a Cheap One Bedroom Spring Mill Apartment?

The lowest price for a Cheap One Bedroom Spring Mill Apartment is $1,134 at Highpointe on Meridian.

What is the lowest price for a Cheap Two Bedroom Spring Mill Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Spring Mill is starting from $1,499 at Park Lane Apartments.

What is the most affordable Spring Mill Three Bedroom Apartment?

The best deal on a cheap Spring Mill Three Bedroom Apartment rental is at Carmel Landing Apartment Homes and starts from $1,607.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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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.