Cheap Apartments for Rent in the Deer Creek Neighborhood of Indianapolis, IN from $500 (16 Rentals)

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

Cheap Apartments in the Deer Creek area of Indianapolis.

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.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

close
View Me
Whispering Pines
1 to 3 Bedroom Apartments

Whispering Pines

4444 Mission DrIndianapolis, IN 46254
  • Utilities Included

Deer Creek - 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!

close
View Me
Lake Camelot Apartments
1 to 3 Bedroom Apartments

Lake Camelot Apartments

6475 Excalibur CtIndianapolis, IN 46268
  • Utilities Included

Deer Creek, Indianapolis, IN Local Guide

Cheapest Available Deer Creek Apartments for Rent

 

The cheapest available apartment rental in the Deer Creek area of Indianapolis, IN is a Studio unit found at Cambridge Commons priced from $709. Rosewood Commons has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Deer Creek apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Cambridge CommonsStudioStudio,1BA$709
Rosewood CommonsStudioStudio,1BA$725
AnnhurstStudioStudio,1BA$764
Scarborough Lake ApartmentsThe Sand Dollar StudioStudio,1BA$777
Garden Pointe ApartmentsLily Studio UPStudio,1BA$795

Best Value Apartments for Rent in Deer Creek, IN

As of May 02, 2025 the best value apartment in the Deer Creek area is the $1.26 price per square foot Redbud Model at Park at Eagle Creek in the in the Timberview neighborhood starting from $1,596. The second greatest value Deer Creek apartment is the Canadian Upgraded Model at EAGLE CHASE APARTMENTS starting at $1,507 with a $1.38 price per square foot in the Timberview neighborhood. Here is today’s list of the best values for Deer Creek apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Park at Eagle CreekRedbud3BR,2BA$1.26
EAGLE CHASE APARTMENTSCanadian Upgraded2BR,2BA$1.38
Deercross ApartmentsOak2BR,2BA$1.38
Pier 39 Apartments & TownhomesOne Bedroom One Bathroom1BR,1BA$1.42
Covered BridgeOne Bedroom One Bath1BR,1BA$1.30
The Woods of Eagle CreekThe Creek: One Bedroom Apartment1BR,1BA$1.38
Aspen ChaseOne Bedroom One Bath1BR,1BA$1.36
Lake Camelot Apartments1 Bedroom Garden1BR,1BA$1.20
Abney Lake1 Bedroom Fireplace1BR,1BA$1.25
Woodhaven ParkOne Bedroom One Bath1BR,1BA$1.30

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
Deer Creek, Indianapolis, IN

Ranked #95

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, areas, and rental properties across Indiana and customized analysis for Northwestern Indianapolis, IN. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, apartment communities for the kids, raising pets, transit options, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Deer Creek Apartments

What is a cheap apartment in Deer Creek?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Deer Creek is under $915.

What is the price of a cheap apartment in Deer Creek?

The cheapest apartment in Deer Creek is Scarborough Lake Apartments which is listed at $816, while the average apartment in Deer Creek costs $1,960.

What types of apartments are the cheapest in Deer Creek?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 15 regular apartments in Deer Creek that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Deer Creek?

Cheap apartments in Deer Creek have an average cost of $350 which is $1,610 cheaper than the average rent for all rentals in Deer Creek.

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 Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.