Cheap Apartments for Rent in the Springmill Ridge Neighborhood of Carmel, IN from $900 (50 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article

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.

Read Article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article
property at 1117 E 105th St

$1,595

Total Monthly Price

Total Monthly Price

Base Rent
$1,595
Total Monthly Price
$1,595

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1117 E 105th St

CarmelIN46280
property at 10814 Broadway St

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850
Total Monthly Price
$1,850

3 Bedroom, 1.5 Bath Home for Rent

Available Now

10814 Broadway St

CarmelIN46280
property at 10604 Central Ave

$1,995

Total Monthly Price

Total Monthly Price

Base Rent
$1,995
Total Monthly Price
$1,995

3 Bedroom, 2.5 Bath Townhome for Rent

Available Now

10604 Central Ave

CarmelIN46280
close
View Me
Twin Lakes Apartments
1 to 3 Bedroom Apartments

Twin Lakes Apartments

616 Ransburg Dr SCarmel, IN 46032
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article
close
View Me
Midtown Flats
Studio to 3 Bedroom Apartments

Midtown Flats

591 Monon BlvdCarmel, IN 46032

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.

Read Article
Showing Results 1-50, 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 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 Studio apartment currently listed from $1,134. Here are the most affordable Springmill Ridge apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Carmel WoodsThe Cypress1BR,1BA$1,010
Main Street on the MononS2 SassafrasStudio,1BA$1,134
Highpointe on MeridianU1 Bear - 1.11BR,1BA$1,215
Muse CarmelWalkerStudio,1BA$1,245
GramercyVerde (1.10A)1BR,1BA$1,250
Governor SquareDurbin - Renovated1BR,1BA$1,335
The Village on Spring MillVerdi - 1 bed 1 bath - Renovated1BR,1BA$1,352
Harmony Apartment HomesConcerto A 1.1.51BR,1BA$1,384
Alexandria of Carmel ApartmentsThe Justice 1 BR 1 BA1BR,1BA$1,391

Best Value Apartments for Rent in Springmill Ridge, IN

As of July 30, 2026 the best value apartment in the Springmill Ridge area is the $1.60 price per square foot The Raleigh Model at The Seasons of Carmel in the in the Carmel neighborhood starting from $2,156. The second greatest value Springmill Ridge apartment is the 2-Townhome Model at Carmel Landing Apartment Homes starting at $1,628 with a $1.61 price per square foot in the Beacon Point 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.
The Seasons of CarmelThe Raleigh2BR,2BA$1.60
Carmel Landing Apartment Homes2-Townhome2BR,1.5BA$1.61
Mezz 42Coda - (7175A3 1x1 - 950 sqft)1BR,1BA$1.61
Carmel WoodsThe Willows2BR,2BA$1.40
Governor SquareDurbin - Renovated1BR,1BA$1.48
Park Lane Apartments7183B1 2x1.5 (876 sqft)2BR,1.5BA$1.71
The Village on Spring MillPurcell - 1 bed 1 bath - Renovated1BR,1BA$1.66
Old Town On The MononA1 Foster1BR,1BA$1.74
17 Woodland Dr, Unit Upstair Rental17 Woodland Dr5BR,1BA$1.20
GramercyVerde (1.10A)1BR,1BA$1.64

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 Article
Decorative image

Real 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 Article
Decorative image

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.

decorative image of people with a giant lease agreement

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 on the Monon listed at $1,134.

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

The lowest price for a Cheap One Bedroom Springmill Ridge Apartment is $1,010 at Carmel Woods.

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 $1,200 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 $1,610.

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

decorative image for Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home article

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Written by: Wendy Melton

Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

decorative image for Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods article

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.

decorative image for Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters article

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.