
Cheap Apartments for Rent in the Springmill Ridge Neighborhood of Carmel, IN from $1,100 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in the Springmill Ridge area of Carmel.


MAIN STREET

Carmel Woods

Woodland Springs Apartment Homes

Total Monthly Price
Park Lane Apartments

Total Monthly Price
Gramercy

Muse Carmel

Total Monthly Price
Carmel Landing Apartment Homes
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.

Total Monthly Price
Alexandria of Carmel Apartments

The Wren & The Windsor

Total Monthly Price
Lakes of Carmel

The Gallery Apartments

Total Monthly Price
Governor Square

The Olivia

OLD TOWN ON THE MONON

Total Monthly Price
The Village on Spring Mill
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Avant

VER at Proscenium Apartments

Total Monthly Price
Providence at Old Meridian

Total Monthly Price
Carmel Center

Mezz 42

Overture at Proscenium Apartments

The Seasons of Carmel

Signature at Carmel
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Sunrise on the Monon

Wentworth at WestClay Condominiums

The Steadman Apartments of Carmel

Total Monthly Price
North End Apartments

10790 Ruckle St

The Railyard at Midtown

Twin Lakes Apartments

Highpointe on Meridian
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Penn Circle

Midtown Flats

The Residences at Carmel City Center

Lakeside Apartments Phase II

12938 University Crescent

10614 McPherson St

1107 E 105th St

Harmony Apartment Homes
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

1107 E 105th St

10790 Ruckle St
Springmill Ridge, Carmel, IN Local Guide

How much does it cost to rent an apartment in Springmill Ridge?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Springmill Ridge Studio Apartments | $1,365 | $1,105 | $2,087 |
| Springmill Ridge 1 Bedroom Apartments | $1,636 | $1,190 | $2,612 |
| Springmill Ridge 2 Bedroom Apartments | $2,076 | $1,280 | $3,725 |
| Springmill Ridge 3 Bedroom Apartments | $2,453 | $1,435 | $4,466 |
Browse Apartments in this Neighborhood
There are currently 42 rentals with your search options within a 3 mile radius of the Springmill Ridge Neighborhood of Carmel, IN.
See all Apartments in CarmelExplore Carmel
Springmill Ridge, Carmel, IN Local Guide
- Nearby Carmel neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. Highpointe on Meridian has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,184. Here are the most affordable Springmill Ridge apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| MAIN STREET | The Maple | Studio,1BA | $1,113 |
| Highpointe on Meridian | U2 Blackburn - 1.1 | 1BR,1BA | $1,184 |
| Carmel Woods | The Cypress | 1BR,1BA | $1,190 |
| Park Lane Apartments | 7183A1 - 1x1 (741 sqft) | 1BR,1BA | $1,199 |
| Gramercy | Verde (1.10 A) | 1BR,1BA | $1,205 |
| Muse Carmel | Walker | Studio,1BA | $1,210 |
| Carmel Landing Apartment Homes | 1-Garden | 1BR,1BA | $1,217 |
| Lakes of Carmel | One Bedroom | 1BR,1BA | $1,296 |
| The Gallery Apartments | Van Gogh | 1BR,1BA | $1,309 |
| Governor Square | Durbin - Renovated | 1BR,1BA | $1,330 |
Best Value Apartments for Rent in Springmill Ridge, IN
As of January 30, 2026 the best value apartment in the Springmill Ridge area is the $1.68 price per square foot Carnegie Model at OLD TOWN ON THE MONON in the in the Beacon Point neighborhood starting from $3,271. The second greatest value Springmill Ridge apartment is the Zenith Model at Sunrise on the Monon starting at $2,427 with a $1.49 price per square foot in the Nora neighborhood. Here is today’s list of the best values for Springmill Ridge apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| OLD TOWN ON THE MONON | Carnegie | 3BR,2.5BA | $1.68 |
| Sunrise on the Monon | Zenith | 3BR,2BA | $1.49 |
| Carmel Woods | The Willows | 2BR,2BA | $1.54 |
| Governor Square | Durbin - Renovated | 1BR,1BA | $1.48 |
| Mezz 42 | 7175A4 1x1.5 (885 sqft) | 1BR,1.5BA | $1.81 |
| Alexandria of Carmel Apartments | The Ambassador 2 BR 1 BA | 2BR,1BA | $1.72 |
| The Village on Spring Mill | Purcell - 1 bed 1 bath - Renovated | 1BR,1BA | $1.66 |
| Overture at Proscenium Apartments | Scot | Studio ,1BA | $1.72 |
| Gramercy | Verde (1.10 A) | 1BR,1BA | $1.59 |
| Lakes of Carmel | One Bedroom | 1BR,1BA | $1.73 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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.
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 $1,184 at Highpointe on 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 $1,304 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 Gramercy and starts from $1,435.
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
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.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.
Articles, How-To's, and Tips

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.