
Cheap Homes for Rent in Springmill Ridge Neighborhood of Carmel, IN from $800 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Springmill Ridge area of Carmel.


10701 Broadway St

10701 Broadway St

10943 Cornell Ave

10614 McPherson St

12926 University Crescent

11750 Glenbrook Ct
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.

12938 University Crescent

1107 E 105th St

1107 E 105th St

10790 Ruckle St

10790 Ruckle St

521 Arthur Dr

10807 Central 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.
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 | $1,865 | $1,100 | $3,200 |
| Springmill Ridge 3 Bedroom Homes for Rent | $2,629 | $1,600 | $4,250 |
| Springmill Ridge 4 Bedroom Homes for Rent | $2,815 | $2,395 | $3,750 |
| Springmill Ridge 5 Bedroom Homes for Rent | $6,825 | $4,700 | $8,950 |
Browse Homes for Rent in this Neighborhood
There are currently 14 rentals with your search options within a 3 mile radius of the Springmill Ridge Neighborhood of Carmel, IN.
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Springmill Ridge, Carmel, IN Local Guide
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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 $1,064. Carmel Landing Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,149. 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 | $1,064 |
| Carmel Landing Apartment Homes | 1-Garden | 1BR,1BA | $1,149 |
| Carmel Woods | The Cypress | 1BR,1BA | $1,190 |
| The Village on Spring Mill | Chopin - 1 bed 1 bath | 1BR,1BA | $1,215 |
| Governor Square | Durbin - Renovated | 1BR,1BA | $1,225 |
Best Value Apartments for Rent in Springmill Ridge, IN
As of December 08, 2025 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 Sydney Model at Overture at Proscenium Apartments starting at $2,099 with a $1.62 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. |
|---|---|---|---|
| OLD TOWN ON THE MONON | Carnegie | 3BR,2.5BA | $1.68 |
| Overture at Proscenium Apartments | Sydney | 2BR,2BA | $1.62 |
| Sunrise on the Monon | Sunclipse | 2BR,2BA | $1.79 |
| Governor Square | Durbin - Renovated | 1BR,1BA | $1.36 |
| The Village on Spring Mill | Verdi - 1 bed 1 bath - Renovated | 1BR,1BA | $1.54 |
| Lakes of Carmel | Large One Bedroom | 1BR,1.5BA | $1.68 |
| Carmel Woods | The Cypress | 1BR,1BA | $1.48 |
| Penn Circle | A3 | 1BR,1BA | $1.80 |
| Gramercy | Verde (1.10 A) | 1BR,1BA | $1.61 |
| Carmel Landing Apartment Homes | 1-Garden | 1BR,1BA | $1.77 |
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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Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleSpringmill Ridge, Carmel, IN
Ranked #5
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 59 Apartments for Rent in Springmill Ridge, IN with pricing that ranges from $1,064 to $4,466. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in Springmill Ridge ranging from $850 to $8,950.
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 $850 to $8,950 with an average monthly rent of $3,076.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!