
Cheap Homes for Rent in the Spring Mill Heights Neighborhood of Indianapolis, IN from $500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Spring Mill Heights area of Indianapolis.


5820 Grandview Dr

5820 Grandview Dr

4843 N College Ave
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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.

5843 Woodside Dr

5843 Woodside Dr

6048 N College Ave

6721 Riverfront Ave
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Spring Mill Heights, Indianapolis, IN Local Guide

How much does it cost to rent a home in Spring Mill Heights?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Spring Mill Heights 2 Bedroom Homes for Rent | $1,490 | $950 | $2,400 |
| Spring Mill Heights 3 Bedroom Homes for Rent | $2,051 | $500 | $3,300 |
| Spring Mill Heights 4 Bedroom Homes for Rent | $2,325 | $1,700 | $2,950 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Spring Mill Heights Neighborhood of Indianapolis, IN.
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Spring Mill Heights, Indianapolis, IN Local Guide
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Cheapest Available Spring Mill Heights Apartments for Rent
 The cheapest available apartment rental in the Spring Mill Heights area of Indianapolis, IN is a 1 Bed unit found at Estates at Crystal Bay priced from $865. The Meridian North and South has the second lowest priced unit, which is a 2 Beds apartment currently listed from $869. Here are the most affordable Spring Mill Heights apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Estates at Crystal Bay | One Bedroom One Bath | 1BR,1BA | $865 |
| The Meridian North and South | B4S South | 2BR,1BA | $869 |
| Landmark | S1 Ranier | Studio,1BA | $870 |
Best Value Apartments for Rent in Spring Mill Heights, IN
As of August 03, 2026 the best value apartment in the Spring Mill Heights area is the $1.12 price per square foot Orchid Model at Everly at Meridian Hills in the in the Faith Knoll neighborhood starting from $1,859. 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. |
|---|---|---|---|
| Everly at Meridian Hills | Orchid | 3BR,2BA | $1.12 |
| Private Reserve Townhomes | The Newburgh | 2BR,1.5BA | $1.07 |
| Reflections Apartments | Renderings II | 2BR,1.5BA | $1.26 |
| The Grove on 79th | 2x2.5 Apartment - Classic | 2BR,2.5BA | $1.05 |
| Meridian Lakes | 2Bed/2Ba-Up (H) | 2BR,2BA | $1.25 |
| 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 | $1.33 |
| Wellington Square Apartments | 1BR/1BA | 1BR,1BA | $1.35 |
| Estates at Crystal Bay | One Bedroom One Bath | 1BR,1BA | $1.33 |
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 #76
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Spring Mill Heights
What type of rentals are currently available in Spring Mill Heights?
There are currently 71 Apartments for Rent in Spring Mill Heights, IN with pricing that ranges from $754 to $5,283. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Spring Mill Heights ranging from $500 to $3,300.
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 $500 to $3,300 with an average monthly rent of $1,844.
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 $1,074 to $2,449, while Three Bedroom Homes, Condos, and Townhomes for rent range from $500 to $3,300. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $1,756.
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

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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
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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.