Cheap Apartments for Rent in the Springmill Ridge Neighborhood of Carmel, IN from $1,100 (42 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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Park Lane Apartments
$1,199 - $2,199
Total Monthly Price

Total Monthly Price

Base Rent
$999 - $1,999
Required Monthly Fees
$200

Total Monthly Price
$1,199 - $2,199
1 to 3 Bedroom Apartments Available Now

Park Lane Apartments

221 E Main StCarmel, IN 46032
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Gramercy
Rent Specials
$1,205 - $2,115
Total Monthly Price

Total Monthly Price

Base Rent
$1,168 - $2,078
Required Monthly Fees
$37

Total Monthly Price
$1,205 - $2,115
1 to 3 Bedroom Apartments Available Now

Gramercy

945 Mohawk Hills DrCarmel, IN 46032
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Carmel Landing Apartment Homes
Rent Specials
$1,217 - $2,498
Total Monthly Price

Total Monthly Price

Base Rent
$1,184 - $2,465
Required Monthly Fees
$33

Total Monthly Price
$1,217 - $2,498
1 to 3 Bedroom Apartments Available Now

Carmel Landing Apartment Homes

2223 E 151st StCarmel, IN 46033
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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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Alexandria of Carmel Apartments
$1,246 - $2,782
Total Monthly Price

Total Monthly Price

Base Rent
$1,226 - $2,762
Required Monthly Fees
$20

Total Monthly Price
$1,246 - $2,782
1 to 3 Bedroom Apartments Available Now

Alexandria of Carmel Apartments

1411 Fairfax Manor DrCarmel, IN 46032
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Lakes of Carmel
Rent Specials
$1,296 - $1,777
Total Monthly Price

Total Monthly Price

Base Rent
$1,272 - $1,753
Required Monthly Fees
$24

Total Monthly Price
$1,296 - $1,777
1 to 2 Bedroom Apartments Available Now

Lakes of Carmel

382 Arbor DrCarmel, IN 46032
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Governor Square
$1,330 - $2,879
Total Monthly Price

Total Monthly Price

Base Rent
$1,247 - $2,796
Required Monthly Fees
$83

Total Monthly Price
$1,330 - $2,879
1 to 3 Bedroom Apartments Available Now

Governor Square

1825 Jefferson Dr WCarmel, IN 46032
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The Village on Spring Mill
$1,362 - $2,601
Total Monthly Price

Total Monthly Price

Base Rent
$1,280 - $2,519
Required Monthly Fees
$82

Total Monthly Price
$1,362 - $2,601
1 to 3 Bedroom Apartments Available Now

The Village on Spring Mill

14637 Handel DrCarmel, IN 46032
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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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Providence at Old Meridian
$1,392 - $3,078
Total Monthly Price

Total Monthly Price

Base Rent
$1,305 - $2,991
Required Monthly Fees
$87

Total Monthly Price
$1,392 - $3,078
1 to 3 Bedroom Apartments Available Now

Providence at Old Meridian

300 Providence BlvdCarmel, IN 46032
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Carmel Center
Rent Specials
$1,395 - $2,395
Total Monthly Price

Total Monthly Price

Base Rent
$1,207 - $2,207
Required Monthly Fees
$188

Total Monthly Price
$1,395 - $2,395
1 to 3 Bedroom Apartments Available Now

Carmel Center

675 Beacon StCarmel, IN 46032
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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.

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North End Apartments
Rent Specials
$1,586 - $5,275
Total Monthly Price

Total Monthly Price

Base Rent
$1,476 - $5,165
Required Monthly Fees
$110

Total Monthly Price
$1,586 - $5,275
1 to 2 Bedroom Apartments Available Now

North End Apartments

525 North End DrCarmel, IN 46032
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Twin Lakes Apartments
1 to 3 Bedroom Apartments

Twin Lakes Apartments

616 Ransburg Dr SCarmel, IN 46032
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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
property at 10614 McPherson St

$1,285

2 Bedroom, 1 Bath Townhome for Rent

Available Now

10614 McPherson St

IndianapolisIN46280

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Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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. 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 ListingModel NameBed/BathPriced From
MAIN STREETThe MapleStudio,1BA$1,113
Highpointe on MeridianU2 Blackburn - 1.11BR,1BA$1,184
Carmel WoodsThe Cypress1BR,1BA$1,190
Park Lane Apartments7183A1 - 1x1 (741 sqft)1BR,1BA$1,199
GramercyVerde (1.10 A)1BR,1BA$1,205
Muse CarmelWalkerStudio,1BA$1,210
Carmel Landing Apartment Homes1-Garden1BR,1BA$1,217
Lakes of CarmelOne Bedroom1BR,1BA$1,296
The Gallery ApartmentsVan Gogh1BR,1BA$1,309
Governor SquareDurbin - Renovated1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
OLD TOWN ON THE MONONCarnegie3BR,2.5BA$1.68
Sunrise on the MononZenith3BR,2BA$1.49
Carmel WoodsThe Willows2BR,2BA$1.54
Governor SquareDurbin - Renovated1BR,1BA$1.48
Mezz 427175A4 1x1.5 (885 sqft)1BR,1.5BA$1.81
Alexandria of Carmel ApartmentsThe Ambassador 2 BR 1 BA2BR,1BA$1.72
The Village on Spring MillPurcell - 1 bed 1 bath - Renovated1BR,1BA$1.66
Overture at Proscenium ApartmentsScotStudio ,1BA$1.72
GramercyVerde (1.10 A)1BR,1BA$1.59
Lakes of CarmelOne Bedroom1BR,1BA$1.73

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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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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.

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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.

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Apartment Common Area Rules: What Renters Need to Know

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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.