
Cheap Homes for Rent in Spring Mill Neighborhood of Carmel, IN from $1,700 (26 Rentals)
Search the lowest-cost Homes available for rent right now in the Spring Mill area of Carmel.


402 Kimbrough Ln

149 Pearl St

16355 Meadowlands Ln

511 Zephyr Way

464 E Quail Wood Ln

1763 Trinity Ln

865 W 136th St

1925 Tourmaline Dr

941 Kimberly Ave

972 Orlando St

16705 Greensboro Dr

17124 Rushmore Dr

265 E Pine Ridge Dr

265 E Pine Ridge Dr

304 E Pine Ridge Dr

16736 Yeoman Way

17290 Wellburn Dr

246 Coatsville Dr

17164 Tilbury Way

17302 Austrian Pine Wy

17325 Wellburn Dr

218 Heritage Ln

11775 Yale Dr

11 Fillmore Way

3538 Heathcliff Ct
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 | $2,450 | $2,300 | $2,600 |
Spring Mill 3 Bedroom Homes for Rent | $2,615 | $1,850 | $4,000 |
Spring Mill 4 Bedroom Homes for Rent | $3,018 | $2,185 | $4,900 |
Spring Mill 5 Bedroom Homes for Rent | $4,368 | $2,400 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 26 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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 The Village on Spring Mill priced from $1,142. MAIN STREET has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,164. Here are the most affordable Spring Mill apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Village on Spring Mill | Verdi - 1 bed 1 bath - Renovated | 1BR,1BA | $1,142 |
MAIN STREET | The Walnut | 1BR,1BA | $1,164 |
Carmel Woods | The Cypress | 1BR,1BA | $1,233 |
Gramercy | Verde (1.10 A) | 1BR,1BA | $1,255 |
The Union at Grand Junction | Midland | Studio,1BA | $1,299 |
Highpointe on Meridian | U2 Blackburn - 1.1 | 1BR,1BA | $1,310 |
Providence at Old Meridian | 1 Bdrm Extension -Renovated | 1BR,1BA | $1,334 |
Carmel Center | Brookline | 1BR,1BA | $1,395 |
Mezz 42 | Coda (7175A3 1x1 - 950 sqft) | 1BR,1BA | $1,399 |
Maple Knoll Apartments | Canyon | 1BR,1BA | $1,409 |
Best Value Apartments for Rent in Spring Mill, IN
As of August 14, 2025 the best value apartment in the Spring Mill area is the $1.18 price per square foot 2 bed 2.5 bath Townh Renovated - Ralston Model at Governor Square in the in the Spring Mill neighborhood starting from $1,910. The second greatest value Spring Mill apartment is the Two Bedroom Study Model at Lakes of Carmel starting at $1,737 with a $1.31 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. |
---|---|---|---|
Governor Square | 2 bed 2.5 bath Townh Renovated - Ralston | 2BR,2.5BA | $1.18 |
Lakes of Carmel | Two Bedroom Study | 2BR,2BA | $1.31 |
Flats at Spring Mill Station | The Deccan | 2BR,2BA | $1.41 |
Wentworth at WestClay Condominiums | York | 2BR,1BA | $1.51 |
Park Lane Apartments | 2 BDRM TOWNHOME LIVING w/ ENCLOSED PATIO ON MAI... | 2BR,1.5BA | $1.51 |
Carmel Landing Apartment Homes | 2-Townhome | 2BR,1.5BA | $1.49 |
The Village on Spring Mill | Rossini - 1 bed 1 bath | 1BR,1BA | $1.42 |
Cottages at Sanders Glen | 7177A1 | 1BR,1BA | $1.66 |
Carmel Woods | The Cypress | 1BR,1BA | $1.54 |
Gramercy | Verde (1.10 A) | 1BR,1BA | $1.65 |
Quick 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.
Frequently Asked Questions about Spring Mill
What type of rentals are currently available in Spring Mill?
There are currently 59 Apartments for Rent in Spring Mill, IN with pricing that ranges from $1,142 to $4,921. There are also 75 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spring Mill ranging from $1,750 to $12,900.
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 $1,750 to $12,900 with an average monthly rent of $2,840.
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 $4,594, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,185 and Four Bedroom Apartments start at $3,200.
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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.