Cheap Homes for Rent in Spring Mill Neighborhood of Carmel, IN from $1,500 (28 Rentals)

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

property at 12913 Tradd St

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550

Total Monthly Price
$1,550

2 Bedroom, 2 Bath Condo for Rent

Available Now

12913 Tradd St, Unit 2B

12913 Tradd St
CarmelIN46032
property at 209 Faulkner Ct

$1,900

2 Bedroom, 2 Bath Condo for Rent

Available Now

209 Faulkner Ct

CarmelIN46032

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.

property at 151 E Pine Ridge Dr

$2,040

Total Monthly Price

Total Monthly Price

Base Rent
$2,040

Total Monthly Price
$2,040

3 Bedroom, 2 Bath Rentals

Available Now

151 E Pine Ridge Dr

WestfieldIN46074

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.

property at 931 Kimberly Ave

$2,175

Total Monthly Price

Total Monthly Price

Base Rent
$2,150
Required Monthly Fees
$25

Total Monthly Price
$2,175

3 Bedroom, 2.5 Bath Rentals

Available Apr 6

931 Kimberly Ave

WestfieldIN46074
property at 851 Wendover Ave

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

3 Bedroom, 2 Bath Rentals

Available Now

851 Wendover Ave

WestfieldIN46074

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.

property at 17178 Evesham Dr

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

4 Bedroom, 2.5 Bath Home for Rent

Available Mar 23

17178 Evesham Dr

WestfieldIN46074
property at 865 W 136th St

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

3 Bedroom, 1.5 Bath Home for Rent

Available Now

865 W 136th St

CarmelIN46032
property at 38 E Flat Rock Dr

$2,360

Total Monthly Price

Total Monthly Price

Base Rent
$2,360

Total Monthly Price
$2,360

3 Bedroom, 2.5 Bath Rentals

Available Now

38 E Flat Rock Dr

WestfieldIN46074
property at 143 E Pine Ridge Dr

$2,385

Total Monthly Price

Total Monthly Price

Base Rent
$2,385

Total Monthly Price
$2,385

4 Bedroom, 2.5 Bath Rentals

Available Now

143 E Pine Ridge Dr

WestfieldIN46074

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 Studio unit found at Main Street on the Monon priced from $1,134. Carmel Woods has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,190. Here are the most affordable Spring Mill apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Main Street on the MononMapleStudio,1BA$1,134
Carmel WoodsThe Cypress1BR,1BA$1,190
GramercyVerde (1.10A)1BR,1BA$1,235
The Union at Grand JunctionMidlandStudio,1BA$1,284
Governor SquareDurbin - Renovated1BR,1BA$1,295
Lakes of CarmelOne Bedroom1BR,1BA$1,296
Carmel Landing Apartment Homes2-Garden2BR,2BA$1,298
The Gallery ApartmentsDaVinci1BR,1BA$1,329
Highpointe on MeridianU2 Blackburn - 1.11BR,1BA$1,333
Flats at Spring Mill StationThe Aberdeen1BR,1BA$1,355

Best Value Apartments for Rent in Spring Mill, IN

As of March 01, 2026 the best value apartment in the Spring Mill area is the $1.09 price per square foot Two Bedroom TH Model at Woodland Springs Apartment Homes in the in the Spring Mill neighborhood starting from $1,749. The second greatest value Spring Mill apartment is the 3-Townhome Model at Carmel Landing Apartment Homes starting at $1,746 with a $1.47 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.
Woodland Springs Apartment HomesTwo Bedroom TH2BR,2.5BA$1.09
Carmel Landing Apartment Homes3-Townhome3BR,2.5BA$1.47
Wentworth at WestClay CondominiumsYork2BR,1BA$1.51
Penn CircleB32BR,2BA$1.46
Overture at Proscenium ApartmentsLondon2BR,2BA$1.71
Carmel WoodsThe Monterey Pine3BR,2BA$1.53
Governor SquareDurbin - Renovated1BR,1BA$1.44
The Village on Spring MillVerdi - 1 bed 1 bath - Renovated1BR,1BA$1.71
Flats at Spring Mill StationThe Aberdeen1BR,1BA$1.70
GramercyVerde (1.10A)1BR,1BA$1.63

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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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.

Read Article
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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

4.0
Pet Friendly

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Frequently Asked Questions about Spring Mill

What type of rentals are currently available in Spring Mill?

There are currently 66 Apartments for Rent in Spring Mill, IN with pricing that ranges from $1,105 to $5,409. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spring Mill ranging from $1,500 to $6,400.

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 $1,500 to $6,400 with an average monthly rent of $2,646.

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 $1,505 to $4,466, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $4,800. Four Bedroom Single-Family rentals are also available starting from $2,199 and Four Bedroom Apartments start at $5,409.

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.

Helpful Local Expert Guides

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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 Picking the Perfect Indianapolis Neighborhood for Student Renters

Written by: Wendy Melton

Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Written by: Wendy Melton

My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.