Cheap Homes for Rent in the Spring Mill Heights Neighborhood of Indianapolis, IN from $1,200 (12 Rentals)

How Many Bedrooms?Done
Price OptionsDone
Price Range
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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.

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.

property at 1015 Northview Avenue
$1,699

Total Monthly Price

Base Rent$1,699

Total Monthly Price$1,699
1 Bedroom, 1 Bath Home for Rent
Available Now
Luxury

1015 Northview Avenue

IndianapolisIN46220
property at 6021 N College Ave
$1,700

Total Monthly Price

Base Rent$1,700

Total Monthly Price$1,700
1 Bedroom, 1 Bath Home for Rent
Available Now
Luxury

6021 N College Ave

IndianapolisIN46220
  • Smoke Free

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.

Spring Mill Heights, Indianapolis, IN Local Guide

Cheapest Available Spring Mill Heights Homes for Rent

 

The cheapest available rental home in the Spring Mill Heights area of Indianapolis, IN is a 3 Beds home found at 5662 Ralston Ave priced from $1,795. 5524 Haverford Ave has the second lowest priced home, which is a 2 Beds rental home currently listed from $1,800. Here are the most affordable Spring Mill Heights homes for rent in Indianapolis, IN:

Home ListingModel NameBed/BathPriced From
5662 Ralston Ave5662 Ralston Ave3BR, 1BA$1,795
5524 Haverford Ave5524 Haverford Ave2BR, 1BA$1,800
6011 Haverford Ave6011 Haverford Ave2BR, 1BA$1,999

Best Value Homes for Rent in Spring Mill Heights, IN

As of September 18, 2026 the best value rental home in the Spring Mill Heights area is the $1.35 price per square foot 1230 E 54th St Model at 1230 E 54th St in the Keystone-Monon neighborhood starting from $1,950. The second greatest value Spring Mill Heights rental home is the 6021 N College Ave Model at 6021 N College Ave in the Meridian-Kessler neighborhood starting at $1,700 with a $1.21 price per square foot. Here is today’s list of the best values for Spring Mill Heights homes based on price per square foot:

Home ListingModel NameBed/BathPrice Per Sq.Ft.
1230 E 54th St1230 E 54th St3BR, 1BA$1.35
6021 N College Ave6021 N College Ave1BR, 1BA$1.21
5662 Ralston Ave5662 Ralston Ave3BR, 1BA$1.38
6011 Haverford Ave6011 Haverford Ave2BR, 1BA$1.81
5524 Haverford Ave5524 Haverford Ave2BR, 1BA$1.87
1015 Northview Avenue1015 Northview Avenue1BR, 1BA$2.12

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
Decorative image

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article

Your 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 Article
Decorative image

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 Article
Decorative image

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

Pet Friendly Lifestyle
Spring Mill Heights, Indianapolis, IN

Ranked #103

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Spring Mill Heights

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

There are currently 72 Apartments for Rent in Spring Mill Heights, IN with pricing that ranges from $679 to $5,271. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spring Mill Heights ranging from $1,200 to $3,600.

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 $1,200 to $3,600 with an average monthly rent of $2,028.

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 $1,069 to $2,409, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $3,600. Four Bedroom Single-Family rentals are also available starting from $1,799 and Four Bedroom Apartments start at $1,742.

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

decorative image for Welcome to Indy: A Local Expert's Guide to the City's Best Short-Term Rental Neighborhoods article

Welcome to Indy: A Local Expert's Guide to the City's Best Short-Term Rental Neighborhoods

Written by: Wendy Melton

My name is Wendy, and I am the local expert for ApartmentHomeLiving.com in the Indianapolis area. Being born and raised in Indiana, I know the true meaning of Hoosier hospitality.

decorative image for Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home article

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.

decorative image for Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods article

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.

decorative image for Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters article

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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for How Commercial-to-Residential Property Conversions Help the Housing Crisis   article

How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.