741 N Rangeline Rd
CarmelIN46032
Cheap Homes for Rent in Spring Mill Neighborhood of Carmel, IN from $1,200 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Spring Mill area of Carmel.
17321 Rancorn Pl
CarmelIN46074
1722 Trinity Ln
WestfieldIN46074
1799 Trinity Ln
WestfieldIN46074
12820 University Crescent
CarmelIN46032
25 Florence St
CarmelIN46032
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.
17305 Rancorn Pl
CarmelIN46074
172 Straughn Ln
WestfieldIN46074
1911 E Maple Park Dr
WestfieldIN46074
906 Northwich Ave
WestfieldIN46074
537 Steinbeck Pl
CarmelIN46032
3517 Buckner 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.
17361 Graley Pl
WestfieldIN46074
Showing Results 1-13, 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 | $2,404 | $1,275 | $3,000 |
| Spring Mill 3 Bedroom Homes for Rent | $2,626 | $2,200 | $4,500 |
| Spring Mill 4 Bedroom Homes for Rent | $3,583 | $2,625 | $6,800 |
| Spring Mill 5 Bedroom Homes for Rent | $4,635 | $2,855 | $6,500 |
| Spring Mill 6 Bedroom Homes for Rent | $15,000 | $10,000 | $10,000+ |
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 13 rentals with your search options within a 3 mile radius of the Spring Mill Neighborhood of Carmel, IN.
Explore Carmel
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 Main Street on the Monon priced from $1,199. Gramercy has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,245. Here are the most affordable Spring Mill apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Main Street on the Monon | S1 Maple | 1BR,1BA | $1,199 |
| Gramercy | Verde (1.10A) | 1BR,1BA | $1,245 |
| Carmel Landing Apartment Homes | 1-Garden | 1BR,1BA | $1,266 |
| Lakes of Carmel | One Bedroom | 1BR,1BA | $1,296 |
| Providence at Old Meridian | 1B1B Beacon Hill - Renovated | 1BR,1BA | $1,314 |
Best Value Apartments for Rent in Spring Mill, IN
As of June 04, 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 Sydney Model at Overture at Proscenium Apartments starting at $2,099 with a $1.62 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 | Sydney | 2BR,2BA | $1.62 |
| Governor Square | 2 bedroom 2 bathroom Renovated -Marshall | 2BR,2BA | $1.40 |
| Alexandria of Carmel Apartments | The Presidential 3 BR 2 BA | 3BR,2BA | $1.57 |
| Cottages at Sanders Glen | 7177B1 | 2BR,1BA | $1.54 |
| Penn Circle | B1G - Garage Included | 2BR,2BA | $1.64 |
| Carmel Woods | The Willows | 2BR,2BA | $1.54 |
| The Village on Spring Mill | Purcell - 1 bed 1 bath - Renovated | 1BR,1BA | $1.63 |
| 124 Maple St, Unit 124 | 124 Maple St | 2BR,1BA | $1.59 |
| Gramercy | Verde (1.10A) | 1BR,1BA | $1.64 |
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 Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 68 Apartments for Rent in Spring Mill, IN with pricing that ranges from $1,078 to $5,460. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spring Mill ranging from $1,275 to $15,000.
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 $1,275 to $15,000 with an average monthly rent of $5,649.
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 $4,466, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,625 and Four Bedroom Apartments start at $5,460.
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
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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.