
Cheap Homes for Rent in Springmill Ridge Neighborhood of Carmel, IN from $1,200 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the Springmill Ridge area of Carmel.


12938 University Crescent

1107 E 105th St

1107 E 105th St

10790 Ruckle St
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.

10790 Ruckle St

503 1st Ave SE

10808 Ruckle St

10717 N Park Ave

10717 N Park Ave
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.

209 Faulkner Ct

209 Faulkner Ct

10909 College Pl Dr

73 Florence St

10118 Holaday Dr
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.
Springmill Ridge, Carmel, IN Local Guide

How much does it cost to rent a home in Springmill Ridge?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Springmill Ridge 2 Bedroom Homes for Rent | $2,054 | $1,285 | $3,200 |
| Springmill Ridge 3 Bedroom Homes for Rent | $2,538 | $1,890 | $4,800 |
| Springmill Ridge 4 Bedroom Homes for Rent | $2,861 | $2,350 | $3,900 |
| Springmill Ridge 5 Bedroom Homes for Rent | $3,983 | $3,750 | $4,200 |
Browse Homes for Rent in this Neighborhood
There are currently 15 rentals with your search options within a 3 mile radius of the Springmill Ridge Neighborhood of Carmel, IN.
Explore Carmel
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 $1,145. 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 | $1,145 |
| Carmel Woods | The Cypress | 1BR,1BA | $1,190 |
| The Gallery Apartments | Van Gogh | 1BR,1BA | $1,199 |
| Park Lane Apartments | 7183A1 - 1x1 (741 sqft) | 1BR,1BA | $1,199 |
Best Value Apartments for Rent in Springmill Ridge, IN
As of January 23, 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 | $1.46 |
| The Village on Spring Mill | Purcell - 1 bed 1 bath - Renovated | 1BR,1BA | $1.63 |
| Overture at Proscenium Apartments | Scot | Studio ,1BA | $1.72 |
| 17 Woodland Dr, Unit Upstair Rental | 17 Woodland Dr | 5BR,1BA | $1.27 |
| Gramercy | Verde (1.10 A) | 1BR,1BA | $1.58 |
| Lakes of Carmel | One Bedroom | 1BR,1BA | $1.73 |
| Highpointe on Meridian | U2 Blackburn - 1.1 | 1BR,1BA | $1.79 |
Frequently Asked Questions about Springmill Ridge
What type of rentals are currently available in Springmill Ridge?
There are currently 58 Apartments for Rent in Springmill Ridge, IN with pricing that ranges from $1,000 to $4,466. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in Springmill Ridge ranging from $1,285 to $4,800.
What is the current price range for Rental Homes in Springmill Ridge?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Springmill Ridge ranges from $1,285 to $4,800 with an average monthly rent of $2,587.
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.