
Cheap Apartments for Rent in the Cherry Creek Enclave Neighborhood of Carmel, IN from $1,213 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Cherry Creek Enclave area of Carmel.


Gramercy

Woodland Springs Apartment Homes

Governor Square

Bridgewater

Park Lane Apartments
Rent According to Income: A Look at Income-Restricted Rentals
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LEO at Carmel - SINGLE FAMILY RENTAL HOMES

Overture at Proscenium Apartments

14998 Allisonville Rd, Unit 14998 Allisonville

Lavina

14980 Allisonville Rd, Unit 14980 Allisonville

Flats at Switch
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Sunblest Apartments

Greystone of Noblesville

14988 Allisonville Rd, Unit 14988 Allisonville

954 S 8th St

Cottages at Sanders Glen

Depot at Nickel Plate
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Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

The Arley Apartments of Noblesville

Total Monthly Price
District South

Total Monthly Price
Vista Riverwest

Nickel Plate Station

8445 Carthay Cir

262 Walnut St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Spark Apartments

5664 Polk Dr

Redwood Noblesville Webster Drive
Cherry Creek Enclave, Carmel, IN Local Guide

How much does it cost to rent an apartment in Cherry Creek Enclave?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cherry Creek Enclave Studio Apartments | $2,485 | $1,278 | $4,217 |
| Cherry Creek Enclave 1 Bedroom Apartments | $1,549 | $1,213 | $3,057 |
| Cherry Creek Enclave 2 Bedroom Apartments | $1,979 | $1,357 | $4,082 |
| Cherry Creek Enclave 3 Bedroom Apartments | $2,229 | $1,562 | $4,060 |
| Cherry Creek Enclave 4 Bedroom Apartments | $3,450 | $3,450 | $3,450 |
Browse Apartments in this Neighborhood
There are currently 27 rentals with your search options within a 3 mile radius of the Cherry Creek Enclave Neighborhood of Carmel, IN.
See all Apartments in CarmelExplore Carmel
Cherry Creek Enclave, Carmel, IN Local Guide
- Nearby Carmel neighborhoods
- Nearby Cities
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Cheapest Available Cherry Creek Enclave Apartments for Rent
 The cheapest available apartment rental in the Cherry Creek Enclave area of Indianapolis, IN is a 1 Bed unit found at Gramercy priced from $1,222. Flats at Switch has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,260. Here are the most affordable Cherry Creek Enclave apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Gramercy | Verde (1.10A) | 1BR,1BA | $1,222 |
| Flats at Switch | Express II | 1BR,1BA | $1,260 |
| Lavina | Settler | Studio,1BA | $1,278 |
| Governor Square | Durbin - Renovated | 1BR,1BA | $1,294 |
| Spark Apartments | Glow 1.1 | 1BR,1BA | $1,300 |
| Greystone of Noblesville | The Alpine | 1BR,1BA | $1,323 |
| Bridgewater | The Beeson | 1BR,1BA | $1,324 |
| Overture at Proscenium Apartments | Scot | Studio,1BA | $1,400 |
| Cottages at Sanders Glen | 7177A2 | 1BR,1BA | $1,400 |
| Depot at Nickel Plate | A1-1Connor | 1BR,1BA | $1,415 |
Best Value Apartments for Rent in Cherry Creek Enclave, IN
As of September 07, 2026 the best value apartment in the Cherry Creek Enclave area is the $1.79 price per square foot Driftwood Model at Redwood Noblesville Webster Drive in the in the Beacon Point neighborhood starting from $2,016. The second greatest value Cherry Creek Enclave apartment is the 7183B2 2x1.5 Townhome (1056 sqft) Model at Park Lane Apartments starting at $1,749 with a $1.66 price per square foot in the Beacon Point neighborhood. Here is today’s list of the best values for Cherry Creek Enclave apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Redwood Noblesville Webster Drive | Driftwood | 2BR,2BA | $1.79 |
| Park Lane Apartments | 7183B2 2x1.5 Townhome (1056 sqft) | 2BR,1.5BA | $1.66 |
| Governor Square | Durbin - Renovated | 1BR,1BA | $1.44 |
| Greystone of Noblesville | The Alpine | 1BR,1BA | $1.51 |
| District South | The Lynn | 1BR,1BA | $1.86 |
| Overture at Proscenium Apartments | Scot | Studio ,1BA | $1.72 |
| Bridgewater | The Beeson | 1BR,1BA | $1.74 |
| Gramercy | Verde (1.10A) | 1BR,1BA | $1.61 |
| Depot at Nickel Plate | A1-1Connor | 1BR,1BA | $1.89 |
| Flats at Switch | Express I | 1BR,1BA | $1.85 |
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 ArticleNavigating 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 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 LifestyleCherry Creek Enclave, Carmel, IN
Ranked #14
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Cherry Creek Enclave, Carmel, IN
School data provided by Great Schools
Frequently Asked Questions about Cheap Cherry Creek Enclave Apartments
How much is rent for a Cheap One Bedroom Cherry Creek Enclave Apartment?
The lowest price for a Cheap One Bedroom Cherry Creek Enclave Apartment is $1,222 at Gramercy.
What is the lowest price for a Cheap Two Bedroom Cherry Creek Enclave Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Cherry Creek Enclave is starting from $1,421 at Gramercy.
What is the most affordable Cherry Creek Enclave Three Bedroom Apartment?
The best deal on a cheap Cherry Creek Enclave Three Bedroom Apartment rental is at Gramercy and starts from $1,562.
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.
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