Cheap Homes for Rent in Springmill Ridge Neighborhood of Carmel, IN from $1,200 (15 Rentals)

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

property at 10614 McPherson St

$1,285

2 Bedroom, 1 Bath Townhome for Rent

Available Now

10614 McPherson St

IndianapolisIN46280

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.

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.

property at 209 Faulkner Ct

$1,900

2 Bedroom, 2 Bath Condo for Rent

Available Now

209 Faulkner Ct

CarmelIN46032
property at 10118 Holaday Dr

$2,000

3 Bedroom, 2 Bath Home for Rent

Available Now

10118 Holaday Dr

CarmelIN46032

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.

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 ListingModel NameBed/BathPriced From
MAIN STREETThe MapleStudio,1BA$1,113
Highpointe on MeridianU2 Blackburn - 1.11BR,1BA$1,145
Carmel WoodsThe Cypress1BR,1BA$1,190
The Gallery ApartmentsVan Gogh1BR,1BA$1,199
Park Lane Apartments7183A1 - 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 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$1.46
The Village on Spring MillPurcell - 1 bed 1 bath - Renovated1BR,1BA$1.63
Overture at Proscenium ApartmentsScotStudio ,1BA$1.72
17 Woodland Dr, Unit Upstair Rental17 Woodland Dr5BR,1BA$1.27
GramercyVerde (1.10 A)1BR,1BA$1.58
Lakes of CarmelOne Bedroom1BR,1BA$1.73
Highpointe on MeridianU2 Blackburn - 1.11BR,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

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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.

Articles, How-To's, and Tips

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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.

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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.

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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

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.