Cheap Apartments for Rent in the Springmill Ridge Neighborhood of Carmel, IN from $900 (40 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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property at 12913 Tradd St

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550
Total Monthly Price
$1,550

2 Bedroom, 2 Bath Condo for Rent

Available Now

12913 Tradd St, Unit 2B

12913 Tradd St
CarmelIN46032
property at 10750 N Park Ave

$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 Mar 16

10750 N Park Ave

CarmelIN46280
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Twin Lakes Apartments
1 to 3 Bedroom Apartments

Twin Lakes Apartments

616 Ransburg Dr SCarmel, IN 46032
  • Utilities Included

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.

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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

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.

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Showing Results 1-40, 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 on the Monon priced from $1,064. Harmony Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,170. Here are the most affordable Springmill Ridge apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Main Street on the MononMapleStudio,1BA$1,064
Harmony Apartment HomesAlto A 1.11BR,1BA$1,170
Carmel Landing Apartment Homes1-Garden1BR,1BA$1,217
GramercyVerde (1.10A)1BR,1BA$1,260
Lakes of CarmelOne Bedroom1BR,1BA$1,296
Providence at Old Meridian1 Bdrm Extension -Renovated1BR,1BA$1,319
The Gallery ApartmentsDaVinci1BR,1BA$1,329
The Village on Spring MillVerdi - 1 bed 1 bath - Renovated1BR,1BA$1,342
Highpointe on MeridianU1 Bear - 1.11BR,1BA$1,352

Best Value Apartments for Rent in Springmill Ridge, IN

As of March 16, 2026 the best value apartment in the Springmill Ridge area is the $1.61 price per square foot The Stockbridge Model at The Seasons of Carmel in the in the Nora neighborhood starting from $2,627. The second greatest value Springmill Ridge apartment is the Zenith Model at Sunrise on the Monon starting at $2,463 with a $1.51 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Seasons of CarmelThe Stockbridge3BR,2.5BA$1.61
Sunrise on the MononZenith3BR,2BA$1.51
Woodland Springs Apartment HomesTwo Bedroom TH2BR,2.5BA$1.12
Penn CircleB62BR,2BA$1.50
Wentworth at WestClay CondominiumsYork2BR,1BA$1.51
Carmel WoodsThe Willows2BR,2BA$1.54
Governor SquareDurbin - Renovated1BR,1BA$1.56
The Village on Spring MillVerdi - 1 bed 1 bath - Renovated1BR,1BA$1.63
17 Woodland Dr, Unit Upstair Rental17 Woodland Dr5BR,1BA$1.14
GramercyVerde (1.10A)1BR,1BA$1.66

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.

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The 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.

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Cash 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.

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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.

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Best Local Schools in
Springmill Ridge, Carmel, IN

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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 $1,064.

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

The lowest price for a Cheap One Bedroom Springmill Ridge Apartment is $1,170 at Harmony 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 $1,298 at Carmel Landing Apartment Homes.

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 $1,580.

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

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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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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.

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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

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

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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.