Cheap Homes for Rent in Spring Mill Heights Neighborhood of Indianapolis, IN from $1,200 (10 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in the Spring Mill Heights area of Indianapolis.

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.

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.

Spring Mill Heights, Indianapolis, IN Local Guide

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 The Pines at SoBro priced from $704. The Meridian North and South has the second lowest priced unit, which is a 1 Bed apartment currently listed from $824. Here are the most affordable Spring Mill Heights apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Pines at SoBroStudio ApartmentStudio,1BA$704
The Meridian North and SouthA2S South1BR,1BA$824
Broad Ripple TrailsSTUD-SStudio,1BA$839

Best Value Apartments for Rent in Spring Mill Heights, IN

As of June 25, 2025 the best value apartment in the Spring Mill Heights area is the $1.19 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 $2,200. The second greatest value Spring Mill Heights apartment is the Orchid Model at Everly at Meridian Hills starting at $1,779 with a $1.07 price per square foot in the Faith Knoll neighborhood. Here is today’s list of the best values for Spring Mill Heights apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Townes at Winthrop2 Bed, 2.5 Bath, 2 car Garage Townhome2BR,2.5BA$1.19
Everly at Meridian HillsOrchid3BR,2BA$1.07
Edison at Meridian Hills2 Bedroom 2 Bath2BR,2BA$1.13
Private Reserve TownhomesThe Newburgh2BR,1.5BA$1.07
Estates at Crystal BayTwo Bedroom 1.5 Bath Townhouse 1000 sq ft2BR,1.5BA$1.23
Park Place Apartments2 Bedroom Remodeled2BR,1BA$1.37
Meridian Lakes2Bed/1Ba-Dn (F)2BR,1BA$1.40
Highland PointeSummit Premium2BR,2BA$1.31
Jade North ApartmentsPlan G1BR,1BA$1.29
Wellington Square Apartments1BR/1BA1BR,1BA$1.35

Quick 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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Spring Mill Heights

What type of rentals are currently available in Spring Mill Heights?

There are currently 69 Apartments for Rent in Spring Mill Heights, IN with pricing that ranges from $704 to $5,283. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spring Mill Heights ranging from $1,285 to $4,500.

What is the current price range for Rental Homes in Spring Mill Heights?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Spring Mill Heights ranges from $1,285 to $4,500 with an average monthly rent of $2,345.

How much are larger Three and Four Bedroom Rentals in Spring Mill Heights?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Spring Mill Heights range from $1,015 to $4,167, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,425 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $1,236.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.