
Cheap Apartments for Rent in the Spring Mill Heights Neighborhood of Indianapolis, IN from $700 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in the Spring Mill Heights area of Indianapolis.


The Meridian North and South

Monon Walk Apartments

Broad Ripple Trails

The Pines at SoBro

Wellington Square Apartments

Landmark

Meridian Lakes
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

Lincolnshire Apartments

Carrollton Manor Apartments

Jade North Apartments

4901 N Washington Blvd

5820 Grandview Dr

Woodlake

Edison at Meridian Hills

5843 Woodside Dr
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.

Vetra 5480

The Grove on 79th

Forest Ridge Apartment Homes

Estates at Crystal Bay

Broad Ripple Flats

Versa

6721 Riverfront Ave

The Ripple
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

Monon Living

Park 66 Flats

The Coil

The Line

6148 Winthrop Ave, Unit 5

Shore Acres

The Meridian North

Reflections Apartments
Spring Mill Heights - One of the Best Affordable Neighborhoods in Indianapolis
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

5820 Grandview Dr

Foxhill Manor Cooperative

Compton Court Apartments

5843 Woodside Dr

Park Place Apartments

6048 N College Ave

The MK

Private Reserve Townhomes
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.
Spring Mill Heights, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Spring Mill Heights?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Spring Mill Heights Studio Apartments | $1,316 | $769 | $5,283 |
| Spring Mill Heights 1 Bedroom Apartments | $1,126 | $734 | $2,095 |
| Spring Mill Heights 2 Bedroom Apartments | $1,356 | $799 | $4,946 |
| Spring Mill Heights 3 Bedroom Apartments | $1,425 | $1,074 | $2,449 |
| Spring Mill Heights 4 Bedroom Apartments | $1,756 | $1,756 | $1,756 |
Browse Apartments in this Neighborhood
There are currently 40 rentals with your search options within a 2 mile radius of the Spring Mill Heights Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Spring Mill Heights, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Spring Mill Heights Apartments for Rent
 The cheapest available apartment rental in the Spring Mill Heights area of Indianapolis, IN is a Studio unit found at Monon Walk Apartments priced from $810. The Meridian North and South has the second lowest priced unit, which is a 1 Bed apartment currently listed from $854. Here are the most affordable Spring Mill Heights apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Monon Walk Apartments | Studio | Studio,1BA | $810 |
| The Meridian North and South | A1S North | 1BR,1BA | $854 |
| Landmark | S1 Ranier | Studio,1BA | $870 |
| Carrollton Manor Apartments | 1 Bed 1 Bath Unfurnished | 1BR,1BA | $900 |
| Wellington Square Apartments | 1BR/1BA | 1BR,1BA | $926 |
| Woodlake | One Bedroom Apartment | 1BR,1BA | $969 |
| The Pines at SoBro | 1x1 - Classic | 1BR,1BA | $989 |
| Edison at Meridian Hills | 1 Bedroom 1 Bath | 1BR,1BA | $999 |
| Jade North Apartments | Plan H | 2BR,1BA | $1,104 |
| The Grove on 79th | 1x1 Renovated | 1BR,1BA | $1,109 |
Best Value Apartments for Rent in Spring Mill Heights, IN
As of July 23, 2026 the best value apartment in the Spring Mill Heights area is the $1.44 price per square foot 2 Bed, 2.5 Bath, 2 car Garage Townhome Model at Townes at Winthrop in the in the Warfleigh neighborhood starting from $2,450. The second greatest value Spring Mill Heights apartment is the The Newburgh Model at Private Reserve Townhomes starting at $1,379 with a $1.07 price per square foot in the Spring Arbor neighborhood. Here is today’s list of the best values for Spring Mill Heights apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Townes at Winthrop | 2 Bed, 2.5 Bath, 2 car Garage Townhome | 2BR,2.5BA | $1.44 |
| Private Reserve Townhomes | The Newburgh | 2BR,1.5BA | $1.07 |
| Estates at Crystal Bay | Three Bedroom 1.5 Bath Townhouse 1150 sq ft | 3BR,1.5BA | $1.00 |
| Edison at Meridian Hills | 2 Bedroom 1 Bath | 2BR,1BA | $1.29 |
| Jade North Apartments | Plan H | 2BR,1.5BA | $1.10 |
| Broad Ripple Trails | 2BR-L Rehab Village | 2BR,1BA | $1.39 |
| Reflections Apartments | Images | 1BR,1BA | $1.49 |
| Park Place Apartments | 1 Bedroom Remodeled | 1BR,1BA | $1.53 |
| Wellington Square Apartments | 1BR/1BA | 1BR,1BA | $1.35 |
| Monon Walk Apartments | Studio | Studio ,1BA | $1.35 |
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 ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
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.
Pet Friendly LifestyleSpring Mill Heights, Indianapolis, IN
Ranked #75
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities and towns across the United States, including Indianapolis. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Spring Mill Heights Apartments
What is the Cheapest Studio apartment in Spring Mill Heights?
Currently the most affordable Cheap Studio Apartment in Spring Mill Heights is at Monon Walk Apartments listed at $810.
How much is rent for a Cheap One Bedroom Spring Mill Heights Apartment?
The lowest price for a Cheap One Bedroom Spring Mill Heights Apartment is $854 at The Meridian North and South.
What is the lowest price for a Cheap Two Bedroom Spring Mill Heights Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Spring Mill Heights is starting from $869 at The Meridian North and South.
What is the most affordable Spring Mill Heights Three Bedroom Apartment?
The best deal on a cheap Spring Mill Heights Three Bedroom Apartment rental is at The Meridian North and South and starts from $1,074.
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.