
Cheap Homes for Rent in Spring Mill Neighborhood of Carmel, IN from $1,300 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Spring Mill area of Carmel.


12926 University Crescent

12938 University Crescent

503 1st Ave SE

220 Maple St

36 W Pine Ridge Dr
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.

952 Helston Ave

1925 Tourmaline Dr

1059 Timber Creek Dr

73 Florence St

2577 Filson St

209 Faulkner Ct
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.
Spring Mill, Carmel, IN Local Guide

How much does it cost to rent a home in Spring Mill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Spring Mill 2 Bedroom Homes for Rent | $2,250 | $1,350 | $3,200 |
| Spring Mill 3 Bedroom Homes for Rent | $2,396 | $1,750 | $4,000 |
| Spring Mill 4 Bedroom Homes for Rent | $2,973 | $2,395 | $3,850 |
| Spring Mill 5 Bedroom Homes for Rent | $3,124 | $2,495 | $3,800 |
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 3 mile radius of the Spring Mill Neighborhood of Carmel, IN.
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Spring Mill, Carmel, IN Local Guide
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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 $1,101. MAIN STREET has the second lowest priced unit, which is a Studio apartment currently listed from $1,113. Here are the most affordable Spring Mill apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Carmel Landing Apartment Homes | 1-Garden | 1BR,1BA | $1,101 |
| MAIN STREET | The Maple | Studio,1BA | $1,113 |
| Maple Knoll Apartments | Ivyleaf | 1BR,1BA | $1,147 |
| Harmony Apartment Homes | Accent 1.1 | 1BR,1BA | $1,159 |
| Gramercy | Verde (1.10 A) | 1BR,1BA | $1,160 |
Best Value Apartments for Rent in Spring Mill, IN
As of December 31, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| OLD TOWN ON THE MONON | Carnegie | 3BR,2.5BA | $1.68 |
| Wentworth at WestClay Condominiums | Cambridge | 2BR,2BA | $1.47 |
| Lakes of Carmel | Two Bedroom | 2BR,2BA | $1.43 |
| Cottages at Sanders Glen | 7177A1 | 1BR,1BA | $1.47 |
| Carmel Woods | The Willows | 2BR,2BA | $1.54 |
| Governor Square | Durbin - Renovated | 1BR,1BA | $1.36 |
| Flats at Spring Mill Station | The Harriet | 1BR,1BA | $1.57 |
| The Village on Spring Mill | Verdi - 1 bed 1 bath - Renovated | 1BR,1BA | $1.64 |
| Gramercy | Verde (1.10 A) | 1BR,1BA | $1.53 |
| Harmony Apartment Homes | Accent 1.1 | 1BR,1BA | $1.68 |
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.
Read ArticleThe 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.
Read ArticleCash 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 ArticleQuick 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 #3
Among cities in Indiana 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
Frequently Asked Questions about Spring Mill
What type of rentals are currently available in Spring Mill?
There are currently 64 Apartments for Rent in Spring Mill, IN with pricing that ranges from $1,101 to $4,466. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spring Mill ranging from $1,350 to $4,000.
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 $1,350 to $4,000 with an average monthly rent of $2,438.
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 $1,495 to $4,466, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,395 and Four Bedroom Apartments start at $3,039.
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

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.

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.

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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!