Cheap Homes for Rent in Spring Mill Neighborhood of Carmel, IN from $1,400 (24 Rentals)

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Search the lowest-cost Homes 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.

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 Carmel Landing Apartment Homes priced from $1,156. MAIN STREET has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,164. Here are the most affordable Spring Mill apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Carmel Landing Apartment Homes1-Garden1BR,1BA$1,156
MAIN STREETThe Walnut1BR,1BA$1,164
Highpointe on MeridianU2 Blackburn - 1.11BR,1BA$1,221
Carmel WoodsThe Cypress1BR,1BA$1,233
Maple Knoll ApartmentsThe Boxelder1BR,1BA$1,260

Best Value Apartments for Rent in Spring Mill, IN

As of June 23, 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$1.42
Mezz 42Accapella (7175A2 1x1 - 890 sqft)1BR,1BA$1.68
Park Lane Apartments7183B3 2x2 (876 sqft)2BR,2BA$1.71
The Village on Spring MillVerdi - 1 bed 1 bath - Renovated1BR,1BA$1.57
Flats at Spring Mill StationThe Aberdeen1BR,1BA$1.63
GramercyVerde (1.10 A)1BR,1BA$1.70
Alexandria of Carmel ApartmentsThe Independence 1 BR 1 BA1BR,1BA$1.85
Carmel Landing Apartment Homes1-Garden1BR,1BA$1.78

Quick Rent Budget Calculator

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Frequently Asked Questions about Spring Mill

What type of rentals are currently available in Spring Mill?

There are currently 61 Apartments for Rent in Spring Mill, IN with pricing that ranges from $1,149 to $4,645. There are also 64 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spring Mill ranging from $1,490 to $12,900.

What is the current price range for Rental Homes in Spring Mill?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Spring Mill ranges from $1,490 to $12,900 with an average monthly rent of $3,192.

How much are larger Three and Four Bedroom Rentals in Spring Mill?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Spring Mill range from $1,606 to $4,437, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,895 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $2,550.

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.