
Cheap Homes for Rent in the Springmill Ridge Neighborhood of Carmel, IN from $1,100 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Springmill Ridge area of Carmel.


12913 Tradd St, Unit Apt 2C

505 Vista Dr

10814 Broadway St

10604 Central Ave
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.

15002 Silver Thorne Way

1160 Birnam Woods Trail

511 Zephyr Way

10735 Vali Dr

11610 Buttonwood Dr
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.
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 | $2,242 | $1,150 | $2,950 |
| Springmill Ridge 3 Bedroom Homes for Rent | $2,532 | $1,850 | $3,950 |
| Springmill Ridge 4 Bedroom Homes for Rent | $3,161 | $2,550 | $3,800 |
| Springmill Ridge 5 Bedroom Homes for Rent | $5,559 | $4,695 | $6,500 |
| Springmill Ridge 6 Bedroom Homes for Rent | $12,500 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 3 mile radius of the Springmill Ridge Neighborhood of Carmel, IN.
Explore Carmel
Springmill Ridge, Carmel, IN Local Guide
- Nearby Carmel neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 1 Bed apartment currently listed from $1,144. Here are the most affordable Springmill Ridge apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Carmel Woods | The Cypress | 1BR,1BA | $1,010 |
| Main Street on the Monon | A2 Walnut | 1BR,1BA | $1,144 |
| Highpointe on Meridian | U1 Bear - 1.1 | 1BR,1BA | $1,215 |
Best Value Apartments for Rent in Springmill Ridge, IN
As of July 23, 2026 the best value apartment in the Springmill Ridge area is the $1.76 price per square foot Mission Hill Model at Carmel Center in the in the Beacon Point neighborhood starting from $2,095. The second greatest value Springmill Ridge apartment is the 2-Townhome Model at Carmel Landing Apartment Homes starting at $1,664 with a $1.64 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Carmel Center | Mission Hill | 2BR,2BA | $1.76 |
| Carmel Landing Apartment Homes | 2-Townhome | 2BR,1.5BA | $1.64 |
| Mezz 42 | Coda - (7175A3 1x1 - 950 sqft) | 1BR,1BA | $1.63 |
| Carmel Woods | The Willows | 2BR,2BA | $1.40 |
| Governor Square | Durbin - Renovated | 1BR,1BA | $1.50 |
| Harmony Apartment Homes | Fermata 1.1 with den | 1BR,1BA | $1.66 |
| Park Lane Apartments | 7183B1 2x1.5 (876 sqft) | 2BR,1.5BA | $1.71 |
| The Village on Spring Mill | Purcell - 1 bed 1 bath - Renovated | 1BR,1BA | $1.64 |
| 17 Woodland Dr, Unit Upstair Rental | 17 Woodland Dr | 5BR,1BA | $1.20 |
| Gramercy | Verde (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.
Read ArticleReal 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 ArticleQuick 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.
Best Local Schools in Springmill Ridge, Carmel, IN
School data provided by Great Schools
Frequently Asked Questions about Springmill Ridge
What type of rentals are currently available in Springmill Ridge?
There are currently 62 Apartments for Rent in Springmill Ridge, IN with pricing that ranges from $950 to $4,466. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Springmill Ridge ranging from $1,150 to $12,500.
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 $1,150 to $12,500 with an average monthly rent of $5,198.
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

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.

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.

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.

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

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.

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.

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.

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.