Cheap Homes for Rent in Spring Mill Neighborhood of Carmel, IN from $1,400 (26 Rentals)

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

property at 506 Beals St

506 Beals St

CarmelIN46032
Showing Results 1-26, 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 $1,064. Providence at Old Meridian has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,146. Here are the most affordable Spring Mill apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
MAIN STREETThe MapleStudio,1BA$1,064
Providence at Old Meridian1B1B Rush Street -Renovated1BR,1BA$1,146
Carmel WoodsThe Cypress1BR,1BA$1,190
Alexandria of Carmel ApartmentsThe Independence 1 BR 1 BA1BR,1BA$1,205
GramercyVerde (1.10 A)1BR,1BA$1,220
Flats at Spring Mill StationThe Aberdeen1BR,1BA$1,224
The Village on Spring MillVerdi - 1 bed 1 bath - Renovated1BR,1BA$1,247
Carmel Landing Apartment Homes1-Garden1BR,1BA$1,250
The Gallery ApartmentsVan Gogh1BR,1BA$1,289
Highpointe on MeridianD2 Lincoln - 2.22BR,2BA$1,306

Best Value Apartments for Rent in Spring Mill, IN

As of November 16, 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 2 bed 2.5 bath Townh Renovated - Ralston Model at Governor Square starting at $1,820 with a $1.13 price per square foot in the Spring Mill 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
Governor Square2 bed 2.5 bath Townh Renovated - Ralston2BR,2.5BA$1.13
Overture at Proscenium ApartmentsVienna2BR,2BA$1.59
Wentworth at WestClay CondominiumsCambridge2BR,2BA$1.47
Lakes of CarmelTwo Bedroom2BR,2BA$1.36
Cottages at Sanders Glen7177A11BR,1BA$1.66
Carmel WoodsThe Willows2BR,2BA$1.54
The Village on Spring MillVerdi - 1 bed 1 bath - Renovated1BR,1BA$1.52
Flats at Spring Mill StationThe Aberdeen1BR,1BA$1.54
GramercyVerde (1.10 A)1BR,1BA$1.61

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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

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 $1,064 to $4,466. There are also 80 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spring Mill ranging from $1,400 to $8,975.

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 $1,400 to $8,975 with an average monthly rent of $2,459.

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 $1,570 to $4,466, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,985 and Four Bedroom Apartments start at $2,978.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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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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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.