Cheap Apartments for Rent in the Spring Mill Neighborhood of Carmel, IN from $700 (43 Rentals)

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

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.

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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.

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Cash 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.

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Twin Lakes Apartments
1 to 3 Bedroom Apartments

Twin Lakes Apartments

616 Ransburg Dr SCarmel, IN 46032
  • Utilities Included
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Penn Circle
1 to 2 Bedroom Apartments

Penn Circle

12415 N Pennsylvania StCarmel, IN 46032
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Midtown Flats
Studio to 3 Bedroom Apartments

Midtown Flats

591 Monon BlvdCarmel, IN 46032

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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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.

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Showing Results 1-43, Page 1 of 1

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 Studio unit found at MAIN STREET priced from $1,113. Carmel Landing Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,128. Here are the most affordable Spring Mill apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
MAIN STREETThe MapleStudio,1BA$1,113
Carmel Landing Apartment Homes1-Garden1BR,1BA$1,128
Harmony Apartment HomesAccent 1.11BR,1BA$1,168
Carmel WoodsThe Cypress1BR,1BA$1,190
The Village on Spring MillChopin - 1 bed 1 bath1BR,1BA$1,190
Providence at Old Meridian1B1B Rush Street -Renovated1BR,1BA$1,216
Governor SquareDurbin - Renovated1BR,1BA$1,225
GramercyVerde (1.10 A)1BR,1BA$1,230
The Gallery ApartmentsVan Gogh1BR,1BA$1,289
The Union at Grand JunctionMidlandStudio,1BA$1,299

Best Value Apartments for Rent in Spring Mill, IN

As of December 14, 2025 the best value apartment in the Spring Mill area is the $1.68 price per square foot Carnegie Model at OLD TOWN ON THE MONON in the in the Beacon Point neighborhood starting from $3,271. The second greatest value Spring Mill apartment is the Cambridge Model at Wentworth at WestClay Condominiums starting at $1,799 with a $1.47 price per square foot in the Spring Arbor 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.
OLD TOWN ON THE MONONCarnegie3BR,2.5BA$1.68
Wentworth at WestClay CondominiumsCambridge2BR,2BA$1.47
Lakes of CarmelTwo Bedroom2BR,2BA$1.43
Cottages at Sanders Glen7177A11BR,1BA$1.47
Carmel WoodsThe Willows2BR,2BA$1.54
Governor SquareDurbin - Renovated1BR,1BA$1.38
The Village on Spring MillVerdi - 1 bed 1 bath - Renovated1BR,1BA$1.55
Flats at Spring Mill StationThe Aberdeen1BR,1BA$1.64
GramercyVerde (1.10 A)1BR,1BA$1.61
Harmony Apartment HomesAccent 1.11BR,1BA$1.70

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.

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The 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.

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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.

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Pet Friendly Lifestyle
Spring Mill, Carmel, IN

Ranked #3

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Spring Mill, Carmel, IN

School data provided by Great Schools

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

What is the Cheapest Studio apartment in Spring Mill?

Currently the most affordable Cheap Studio Apartment in Spring Mill is at MAIN STREET listed at $1,113.

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

The lowest price for a Cheap One Bedroom Spring Mill Apartment is $1,168 at Harmony Apartment Homes.

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 $1,299 at MAIN STREET.

What is the most affordable Spring Mill Three Bedroom Apartment?

The best deal on a cheap Spring Mill Three Bedroom Apartment rental is at Gramercy and starts from $1,575.

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.

Articles, How-To's, and Tips

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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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!