Cheap Apartments for Rent in the Spring Mill Neighborhood of Carmel, IN from $700 (25 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Spring Mill area of Carmel.

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Twin Lakes Apartments
1 to 3 Bedroom Apartments

Twin Lakes Apartments

616 Ransburg Dr SCarmel, IN 46032
  • Utilities Included
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Penn Circle
1 to 2 Bedroom Apartments

Penn Circle

12415 N Pennsylvania StCarmel, IN 46032
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Spring Mill, Carmel, IN Local Guide

Cheapest Available Spring Mill Apartments for Rent

 

The cheapest available apartment rental in the Spring Mill area of Indianapolis, IN is a 1 Bed unit found at The Gallery priced from $1,149. MAIN STREET has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,196. Here are the most affordable Spring Mill apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The GalleryDali1BR,1BA$1,149
MAIN STREETThe Walnut1BR,1BA$1,196
Highpointe on MeridianU2 Blackburn - 1.11BR,1BA$1,219
Carmel WoodsThe Cypress1BR,1BA$1,233
Maple Knoll ApartmentsThe Boxelder1BR,1BA$1,249

Best Value Apartments for Rent in Spring Mill, IN

As of April 17, 2025 the best value apartment in the Spring Mill area is the $1.66 price per square foot Carnegie Model at OLD TOWN ON THE MONON in the in the Beacon Point neighborhood starting from $3,229. The second greatest value Spring Mill apartment is the Large Two Bedroom Model at Lakes of Carmel starting at $1,647 with a $1.33 price per square foot in the Beacon Point neighborhood. Here is today’s list of the best values for Spring Mill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
OLD TOWN ON THE MONONCarnegie3BR,2.5BA$1.66
Lakes of CarmelLarge Two Bedroom2BR,2BA$1.33
Governor Square2 bedroom 2 bathroom Renovated2BR,2BA$1.27
Mezz 42Accapella (7175A2 1x1 - 890 sqft)1BR,1BA$1.72
Park Lane Apartments7183B3 2x2 (876 sqft)2BR,2BA$1.71
The Village on Spring MillVerdi - 1 bed 1 bath - Renovated1BR,1BA$1.77
Carmel WoodsThe Cypress1BR,1BA$1.54
Flats at Spring Mill StationThe Aberdeen1BR,1BA$1.60
GramercyVerde (1.10 A)1BR,1BA$1.67
MAIN STREETThe Walnut1BR,1BA$1.84

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Pet Friendly Lifestyle
Spring Mill, Carmel, IN

Ranked #7

Among neighborhoods in Carmel, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Spring Mill, Carmel, IN

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com works hard to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States, including Carmel. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and proximity to parks, family-friendly amenities, raising pets, transit options, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Spring Mill Apartments

What is the Cheapest Studio apartment in Spring Mill?

Currently the most affordable Cheap Studio Apartment in Spring Mill is at Wentworth at WestClay listed at $1,250.

How much is rent for a Cheap One Bedroom Spring Mill Apartment?

The lowest price for a Cheap One Bedroom Spring Mill Apartment is $1,149 at The Gallery.

What is the lowest price for a Cheap Two Bedroom Spring Mill Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Spring Mill is starting from $1,366 at MAIN STREET.

What is the most affordable Spring Mill Three Bedroom Apartment?

The best deal on a cheap Spring Mill Three Bedroom Apartment rental is at Carmel Woods and starts from $1,608.

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.

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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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.