Cheap Apartments for Rent in the Springmill Ridge Neighborhood of Carmel, IN from $1,000 (41 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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Midtown Flats
Studio to 3 Bedroom Apartments

Midtown Flats

591 Monon BlvdCarmel, IN 46032
Showing Results 1-41, Page 1 of 1

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 Studio unit found at MAIN STREET priced from $1,113. Providence at Old Meridian has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,156. Here are the most affordable Springmill Ridge apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
MAIN STREETThe MapleStudio,1BA$1,113
Providence at Old Meridian1B1B Rush Street -Renovated1BR,1BA$1,156
Carmel WoodsThe Cypress1BR,1BA$1,190
GramercyVerde (1.10 A)1BR,1BA$1,195
Alexandria of Carmel ApartmentsThe Independence 1 BR 1 BA1BR,1BA$1,257
Carmel Landing Apartment Homes1-Garden1BR,1BA$1,273
The Village on Spring MillVerdi - 1 bed 1 bath - Renovated1BR,1BA$1,282
The Gallery ApartmentsVan Gogh1BR,1BA$1,289

Best Value Apartments for Rent in Springmill Ridge, IN

As of October 29, 2025 the best value apartment in the Springmill Ridge area is the $1.54 price per square foot Equinox Model at Sunrise on the Monon in the in the Nora neighborhood starting from $1,966. The second greatest value Springmill Ridge apartment is the York Model at Wentworth at WestClay Condominiums starting at $1,699 with a $1.51 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 MononEquinox1BR,2BA$1.54
Wentworth at WestClay CondominiumsYork2BR,1BA$1.51
Lakes of CarmelTwo Bedroom2BR,2BA$1.43
Carmel WoodsThe Monterey Pine3BR,2BA$1.53
10903 N College Ave, Unit A10903 N College Ave1BR,1BA$1.17
Penn CircleA61BR,1BA$1.75
OLD TOWN ON THE MONONFoster1BR,1BA$1.62
The Village on Spring MillVerdi - 1 bed 1 bath - Renovated1BR,1BA$1.56
17 Woodland Dr, Unit Upstair Rental17 Woodland Dr5BR,1BA$1.27
GramercyVerde (1.10 A)1BR,1BA$1.57

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Pet Friendly Lifestyle
Springmill Ridge, Carmel, IN

Ranked #4

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
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

What is the Cheapest Studio apartment in Springmill Ridge?

Currently the most affordable Cheap Studio Apartment in Springmill Ridge is at MAIN STREET listed at $1,113.

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

The lowest price for a Cheap One Bedroom Springmill Ridge Apartment is $1,156 at Providence at Old Meridian.

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 $1,285 at Carmel Woods.

What is the most affordable Springmill Ridge Three Bedroom Apartment?

The best deal on a cheap Springmill Ridge Three Bedroom Apartment rental is at Gramercy and starts from $1,585.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.