741 N Rangeline Rd
CarmelIN46032
Cheap Homes for Rent in Springmill Ridge Neighborhood of Carmel, IN from $1,200 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Springmill Ridge area of Carmel.
12863 Tradd St
CarmelIN46032
10608B Central Ave
CarmelIN46280
10604 Central Ave
CarmelIN46280
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
505 Vista Dr
IndianapolisIN46280
12820 University Crescent
CarmelIN46032
25 Florence St
CarmelIN46032
10735 Vali Dr
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.
3522 N Golden Gate Dr
WestfieldIN46074
Showing Results 1-9, Page 1 of 1
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 | $2,395 | $1,275 | $3,000 |
| Springmill Ridge 3 Bedroom Homes for Rent | $2,520 | $1,995 | $3,100 |
| Springmill Ridge 4 Bedroom Homes for Rent | $3,980 | $2,500 | $6,800 |
| Springmill Ridge 5 Bedroom Homes for Rent | $5,698 | $4,695 | $6,500 |
| Springmill Ridge 6 Bedroom Homes for Rent | $15,000 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 9 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 1 Bed unit found at Main Street on the Monon priced from $1,199. Gramercy has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,260. Here are the most affordable Springmill Ridge apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Main Street on the Monon | S1 Maple | 1BR,1BA | $1,199 |
| Gramercy | Verde (1.10A) | 1BR,1BA | $1,260 |
| Carmel Landing Apartment Homes | 1-Garden | 1BR,1BA | $1,266 |
Best Value Apartments for Rent in Springmill Ridge, IN
As of June 08, 2026 the best value apartment in the Springmill Ridge area is the $1.62 price per square foot Sydney Model at Overture at Proscenium Apartments in the in the Beacon Point neighborhood starting from $2,099. The second greatest value Springmill Ridge apartment is the 7183C1 3x1.5 Townhome (1280 sqft) Model at Park Lane Apartments starting at $2,199 with a $1.72 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. |
|---|---|---|---|
| Overture at Proscenium Apartments | Sydney | 2BR,2BA | $1.62 |
| Park Lane Apartments | 7183C1 3x1.5 Townhome (1280 sqft) | 3BR,1.5BA | $1.72 |
| Governor Square | 2 bedroom 2 bathroom Renovated -Marshall | 2BR,2BA | $1.41 |
| Alexandria of Carmel Apartments | The Presidential 3 BR 2 BA | 3BR,2BA | $1.56 |
| Penn Circle | B1G - Garage Included | 2BR,2BA | $1.64 |
| Highpointe on Meridian | D4 Pikes - 2.2 | 2BR,2BA | $1.50 |
| Carmel Woods | The Willows | 2BR,2BA | $1.54 |
| The Village on Spring Mill | Purcell - 1 bed 1 bath - Renovated | 1BR,1BA | $1.64 |
| Gramercy | Verde (1.10A) | 1BR,1BA | $1.66 |
| Lakes of Carmel | One Bedroom | 1BR,1BA | $1.73 |
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 Article
Real 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.
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Best Local Schools in Springmill Ridge, Carmel, IN
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Frequently Asked Questions about Springmill Ridge
What type of rentals are currently available in Springmill Ridge?
There are currently 60 Apartments for Rent in Springmill Ridge, IN with pricing that ranges from $1,078 to $4,466. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Springmill Ridge ranging from $1,275 to $15,000.
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 $1,275 to $15,000 with an average monthly rent of $5,918.
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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Pet-Friendly Renting: Everything You Need to Know Before You Move
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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.