
Cheap Homes for Rent in the Spring Mill Neighborhood of Carmel, IN from $1,100 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Spring Mill area of Carmel.


12913 Tradd St, Unit Apt 2C

15002 Silver Thorne Way

1964 Rowena Ln

511 Zephyr Way

246 Coatsville Dr
Rent According to Income: A Look at Income-Restricted Rentals
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11610 Buttonwood Dr

1722 Trinity Ln

502 Aberdeen St

17030 S Burntwood Way

12754 Crescent Dr

12740 Horseferry Rd
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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 | $2,242 | $1,150 | $2,950 |
| Spring Mill 3 Bedroom Homes for Rent | $2,685 | $2,000 | $3,950 |
| Spring Mill 4 Bedroom Homes for Rent | $3,041 | $2,355 | $3,800 |
| Spring Mill 5 Bedroom Homes for Rent | $5,505 | $3,300 | $8,950 |
| Spring Mill 6 Bedroom Homes for Rent | $12,500 | $10,000 | $10,000+ |
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 Woods priced from $1,010. 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 Woods | The Cypress | 1BR,1BA | $1,010 |
| Main Street on the Monon | A2 Walnut | 1BR,1BA | $1,144 |
| Highpointe on Meridian | U1 Bear - 1.1 | 1BR,1BA | $1,215 |
| Gramercy | Verde (1.10A) | 1BR,1BA | $1,255 |
| The Union at Grand Junction | Midland | Studio,1BA | $1,301 |
Best Value Apartments for Rent in Spring Mill, IN
As of July 22, 2026 the best value apartment in the Spring Mill area is the $1.76 price per square foot Mission Hill Model at Carmel Center in the in the Beacon Point neighborhood starting from $2,095. The second greatest value Spring Mill apartment is the Coda - (7175A3 1x1 - 950 sqft) Model at Mezz 42 starting at $1,549 with a $1.63 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. |
|---|---|---|---|
| Carmel Center | Mission Hill | 2BR,2BA | $1.76 |
| Mezz 42 | Coda - (7175A3 1x1 - 950 sqft) | 1BR,1BA | $1.63 |
| Carmel Woods | The Willows | 2BR,2BA | $1.40 |
| Carmel Landing Apartment Homes | 2-Garden | 2BR,2BA | $1.58 |
| Governor Square | Durbin - Renovated | 1BR,1BA | $1.50 |
| Harmony Apartment Homes | Fermata 1.1 with den | 1BR,1BA | $1.68 |
| Park Lane Apartments | 7183B1 2x1.5 (876 sqft) | 2BR,1.5BA | $1.71 |
| Flats at Spring Mill Station | The Harriet | 1BR,1BA | $1.75 |
| The Village on Spring Mill | Verdi - 1 bed 1 bath - Renovated | 1BR,1BA | $1.64 |
| Gramercy | Verde (1.10A) | 1BR,1BA | $1.65 |
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 ArticleReal 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.
Pet Friendly LifestyleSpring Mill, Carmel, IN
Ranked #4
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 67 Apartments for Rent in Spring Mill, IN with pricing that ranges from $1,010 to $5,870. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spring Mill ranging from $1,150 to $12,500.
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 $1,150 to $12,500 with an average monthly rent of $5,194.
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 $1,580 to $4,466, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $3,950. Four Bedroom Single-Family rentals are also available starting from $2,355 and Four Bedroom Apartments start at $5,870.
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.
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