
Cheap Apartments for Rent in the Spring Mill Neighborhood of Carmel, IN from $700 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Spring Mill area of Carmel.


The Gallery Apartments

Carmel Landing Apartment Homes

Woodland Springs Apartment Homes
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 Village on Spring Mill

Governor Square
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.

Alexandria of Carmel Apartments

Providence at Old Meridian

The Olivia

Signature at Carmel

The Union at Grand Junction
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.

Maple Knoll Apartments
Spring Mill, Carmel, IN Local Guide

How much does it cost to rent an apartment in Spring Mill?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Spring Mill Studio Apartments | $1,396 | $1,159 | $2,142 |
Spring Mill 1 Bedroom Apartments | $1,667 | $1,149 | $2,860 |
Spring Mill 2 Bedroom Apartments | $2,038 | $1,280 | $4,030 |
Spring Mill 3 Bedroom Apartments | $2,371 | $1,607 | $4,437 |
Spring Mill 4 Bedroom Apartments | $2,717 | $2,225 | $3,200 |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 3 mile radius of the Spring Mill Neighborhood of Carmel, IN.
See all Apartments in CarmelExplore Carmel
Spring Mill, Carmel, IN Local Guide
- Nearby Carmel neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Highpointe on Meridian | U1 Bear - 1.1 | 1BR,1BA | $1,140 |
MAIN STREET | The Walnut | 1BR,1BA | $1,149 |
Carmel Landing Apartment Homes | 1-Garden | 1BR,1BA | $1,153 |
Carmel Woods | The Cypress | 1BR,1BA | $1,233 |
Governor Square | Durbin - Renovated | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Wentworth at WestClay Condominiums | Cambridge | 2BR,2BA | $1.32 |
Penn Circle | B5 | 2BR,2BA | $1.68 |
Governor Square | Durbin - Renovated | 1BR,1BA | $1.39 |
Mezz 42 | Accapella (7175A2 1x1 - 890 sqft) | 1BR,1BA | $1.72 |
Park Lane Apartments | 7183B3 2x2 (876 sqft) | 2BR,2BA | $1.71 |
The Village on Spring Mill | Verdi - 1 bed 1 bath - Renovated | 1BR,1BA | $1.58 |
Carmel Woods | The Cypress | 1BR,1BA | $1.54 |
Flats at Spring Mill Station | The Aberdeen | 1BR,1BA | $1.75 |
Gramercy | Verde (1.10 A) | 1BR,1BA | $1.69 |
MAIN STREET | The Walnut | 1BR,1BA | $1.77 |
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.
Pet Friendly LifestyleSpring Mill, Carmel, IN
Ranked #5
Among neighborhoods in Carmel, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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
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.

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.

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.

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.

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.