Cheap Apartments for Rent in the Springmill Ridge Neighborhood of Carmel, IN from $900 (34 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Springmill Ridge area of Carmel.

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Twin Lakes Apartments
1 to 3 Bedroom Apartments

Twin Lakes Apartments

616 Ransburg Dr SCarmel, IN 46032
  • Utilities Included
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Penn Circle
1 to 2 Bedroom Apartments

Penn Circle

12415 N Pennsylvania StCarmel, IN 46032

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Springmill Ridge, Carmel, IN Local Guide

Cheapest Available Springmill Ridge Apartments for Rent

 

The cheapest available apartment rental in the Springmill Ridge area of Indianapolis, IN is a 1 Bed unit found at MAIN STREET priced from $1,174. Carmel Woods has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,233. Here are the most affordable Springmill Ridge apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
MAIN STREETThe Walnut1BR,1BA$1,174
Carmel WoodsThe Cypress1BR,1BA$1,233
Providence at Old Meridian1 Bdrm Extension -Renovated1BR,1BA$1,234
Governor SquareDurbin - Renovated1BR,1BA$1,255
Highpointe on MeridianU1 Bear - 1.11BR,1BA$1,263
Carmel Landing Apartment Homes1-Garden1BR,1BA$1,299
Muse CarmelWalkerStudio,1BA$1,325
The Village on Spring MillBizet - 1 bed 1 bath1BR,1BA$1,330
GramercyFern (1.10 C)1BR,1BA$1,335
VER at Proscenium ApartmentsThe Beckett1BR,1BA$1,348

Best Value Apartments for Rent in Springmill Ridge, IN

As of June 06, 2025 the best value apartment in the Springmill Ridge area is the $1.49 price per square foot Zenith Model at Sunrise on the Monon in the in the Nora neighborhood starting from $2,427. The second greatest value Springmill Ridge apartment is the Cambridge Model at Wentworth at WestClay Condominiums starting at $1,616 with a $1.32 price per square foot in the Spring Arbor neighborhood. Here is today’s list of the best values for Springmill Ridge apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sunrise on the MononZenith3BR,2BA$1.49
Wentworth at WestClay CondominiumsCambridge2BR,2BA$1.32
Penn CircleB52BR,2BA$1.68
The Seasons of CarmelFlagstaff1BR,1.5BA$1.37
Governor SquareDurbin - Renovated1BR,1BA$1.39
Mezz 42Accapella (7175A2 1x1 - 890 sqft)1BR,1BA$1.72
Park Lane Apartments7183B3 2x2 (876 sqft)2BR,2BA$1.71
The Village on Spring MillVerdi - 1 bed 1 bath - Renovated1BR,1BA$1.62
Carmel WoodsThe Cypress1BR,1BA$1.54
GramercyVerde (1.10 A)1BR,1BA$1.69

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Springmill Ridge, Carmel, IN

Ranked #5

Among neighborhoods in Carmel, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Springmill Ridge, Carmel, IN

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, cities, and rental properties across Indiana including Springmill Ridge, Carmel, and the greater Indianapolis area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, kid and pet-friendly communities, availability of transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Springmill Ridge Apartments

How much is rent for a Cheap One Bedroom Springmill Ridge Apartment?

The lowest price for a Cheap One Bedroom Springmill Ridge Apartment is $1,145 at Carmel Landing Apartment Homes.

What is the lowest price for a Cheap Two Bedroom Springmill Ridge Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Springmill Ridge is starting from $1,384 at MAIN STREET.

What is the most affordable Springmill Ridge Three Bedroom Apartment?

The best deal on a cheap Springmill Ridge Three Bedroom Apartment rental is at Carmel Landing Apartment Homes and starts from $1,604.

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.

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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.