Cheap Apartments for Rent in the Springmill Ridge Neighborhood of Carmel, IN from $1,000 (43 Rentals)

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

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.

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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.

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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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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.

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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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Midtown Flats
Studio to 3 Bedroom Apartments

Midtown Flats

591 Monon BlvdCarmel, IN 46032
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Penn Circle
1 to 2 Bedroom Apartments

Penn Circle

12415 N Pennsylvania StCarmel, IN 46032

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.

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property at 12913 Tradd St

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750
Total Monthly Price
$1,750

2 Bedroom, 2 Bath Condo for Rent

Available Now

12913 Tradd St, Unit 2A

12913 Tradd St
CarmelIN46032
Showing Results 1-43, 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 Main Street on the Monon priced from $1,199. Carmel Woods has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,240. Here are the most affordable Springmill Ridge apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Main Street on the MononS1 Maple1BR,1BA$1,199
Carmel WoodsThe Sequoia2BR,1BA$1,240
GramercyVerde (1.10A)1BR,1BA$1,255
The Village on Spring MillVerdi - 1 bed 1 bath - Renovated1BR,1BA$1,342
Highpointe on MeridianD2 Lincoln - 2.22BR,2BA$1,380
Midtown Flats1 Bedroom, 1 BathroomStudio,1BA$1,401
Park Lane Apartments7183B3 2x2 (876 sqft)2BR,2BA$1,429
Harmony Apartment HomesConcerto A 1.1.51BR,1BA$1,430
Old Town On The MononA1 Foster1BR,1BA$1,449
Carmel Landing Apartment Homes2-Garden2BR,2BA$1,453

Best Value Apartments for Rent in Springmill Ridge, IN

As of June 15, 2026 the best value apartment in the Springmill Ridge area is the $1.62 price per square foot Sydney Model at Overture at Proscenium Apartments in the in the Beacon Point neighborhood starting from $2,099. The second greatest value Springmill Ridge apartment is the The Casa Grande Model at Carmel Woods starting at $1,740 with a $1.39 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.
Overture at Proscenium ApartmentsSydney2BR,2BA$1.62
Carmel WoodsThe Casa Grande3BR,1.5BA$1.39
Governor Square2 bedroom 2 bathroom Renovated -Marshall2BR,2BA$1.41
Alexandria of Carmel ApartmentsThe Congressional 2 BR 1 BA2BR,1BA$1.70
Mezz 42Coda - (7175A3 1x1 - 950 sqft)1BR,1BA$1.74
Carmel Landing Apartment Homes2-Garden2BR,2BA$1.58
Park Lane Apartments7183B1 2x1.5 (876 sqft)2BR,1.5BA$1.71
The Village on Spring MillPurcell - 1 bed 1 bath - Renovated1BR,1BA$1.64
Old Town On The MononA1 Foster1BR,1BA$1.74
GramercyVerde (1.10A)1BR,1BA$1.65

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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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.

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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 $1,199.

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

The lowest price for a Cheap One Bedroom Springmill Ridge Apartment is $1,199 at Main Street on the Monon.

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 $1,240 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 Carmel Woods and starts from $1,458.

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.

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

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

Articles, How-To's, and Tips

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.