741 N Rangeline Rd
CarmelIN46032
Cheap Homes for Rent in Spring Mill Neighborhood of Carmel, IN from $900 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Spring Mill area of Carmel.
12840 University Crescent
CarmelIN46032
102 Village Green Ln
CarmelIN46032
2014 Tourmaline Dr
WestfieldIN46074
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
209 Faulkner Ct, Unit 205, Unit 205
209 Faulkner Ct
CarmelIN46032
412 E Pine Ridge Dr
WestfieldIN46074
1059 Timber Creek Dr
CarmelIN46032
151 E Pine Ridge Dr
WestfieldIN46074
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.
879 Northwich Ave
WestfieldIN46074
Showing Results 1-9, Page 1 of 1
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 | $2,033 | $1,700 | $2,500 |
| Spring Mill 3 Bedroom Homes for Rent | $2,533 | $1,800 | $3,700 |
| Spring Mill 4 Bedroom Homes for Rent | $3,118 | $2,250 | $3,800 |
| Spring Mill 5 Bedroom Homes for Rent | $4,500 | $2,850 | $6,500 |
| Spring Mill 6 Bedroom Homes for Rent | $5,000 | $5,000 | $5,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 9 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
- Nearby Carmel neighborhoods
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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 $1,115. Main Street on the Monon has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,144. 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 | $1,115 |
| Main Street on the Monon | Walnut 1.1 | 1BR,1BA | $1,144 |
| Highpointe on Meridian | U1 Bear - 1.1 | 1BR,1BA | $1,215 |
Best Value Apartments for Rent in Spring Mill, IN
As of April 15, 2026 the best value apartment in the Spring Mill area is the $1.12 price per square foot Two Bedroom TH Model at Woodland Springs Apartment Homes in the in the Spring Mill neighborhood starting from $1,797. The second greatest value Spring Mill apartment is the Vienna Model at Overture at Proscenium Apartments starting at $1,999 with a $1.52 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. |
|---|---|---|---|
| Woodland Springs Apartment Homes | Two Bedroom TH | 2BR,2.5BA | $1.12 |
| Overture at Proscenium Apartments | Vienna | 2BR,2BA | $1.52 |
| Cottages at Sanders Glen | 7177A1 | 1BR,1BA | $1.58 |
| Carmel Woods | The Willows | 2BR,2BA | $1.54 |
| Governor Square | Durbin - Renovated | 1BR,1BA | $1.48 |
| The Village on Spring Mill | Verdi - 1 bed 1 bath - Renovated | 1BR,1BA | $1.75 |
| Flats at Spring Mill Station | The Aberdeen | 1BR,1BA | $1.72 |
| Gramercy | Verde (1.10A) | 1BR,1BA | $1.75 |
| Lakes of Carmel | One Bedroom | 1BR,1BA | $1.73 |
| Carmel Landing Apartment Homes | 1-Garden | 1BR,1BA | $1.72 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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.
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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 66 Apartments for Rent in Spring Mill, IN with pricing that ranges from $1,078 to $6,585. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spring Mill ranging from $950 to $6,500.
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 $950 to $6,500 with an average monthly rent of $3,042.
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 $1,608 to $5,255, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $3,700. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $6,585.
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.
Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.
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.
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.