
Cheap Apartments for Rent in the Cherry Creek Enclave Neighborhood of Carmel, IN from $1,100 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Cherry Creek Enclave area of Carmel.


Woodland Springs Apartment Homes

Gramercy

Bridgewater

Park Lane Apartments

Governor Square
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.

Overture at Proscenium Apartments

LEO at Carmel -Single Family Rental Homes

15002 Silver Thorne Way

11610 Buttonwood Dr

Flats at Switch

Lavina
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Sunblest Apartments

Nickel Plate Station

Greystone of Noblesville

Depot at Nickel Plate

Cottages at Sanders Glen

Total Monthly Price
Vista Riverwest
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
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.

Total Monthly Price
District South

507 Conner Creek Dr

7809 Hampton Pl

1232 S 8th St

Spark Apartments

8362 Enclave Blvd
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.

5664 Polk Dr

5608 Castor Way

6414 Apperson Dr
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 | $2,166 | $1,292 | $6,490 |
| Cherry Creek Enclave 1 Bedroom Apartments | $1,590 | $1,150 | $3,281 |
| Cherry Creek Enclave 2 Bedroom Apartments | $1,960 | $1,357 | $9,272 |
| Cherry Creek Enclave 3 Bedroom Apartments | $2,076 | $1,562 | $9,126 |
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
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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 Flats at Switch priced from $1,150. Gramercy has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,255. Here are the most affordable Cherry Creek Enclave apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Flats at Switch | Express II | 1BR,1BA | $1,150 |
| Gramercy | Verde (1.10A) | 1BR,1BA | $1,255 |
| Lavina | Conner | 1BR,1BA | $1,259 |
| Bridgewater | The Beeson | 1BR,1BA | $1,313 |
| Spark Apartments | Glow 1.1 | 1BR,1BA | $1,320 |
| Greystone of Noblesville | The Alpine | 1BR,1BA | $1,323 |
| Governor Square | Durbin - Renovated | 1BR,1BA | $1,350 |
| Carmel Landing Apartment Homes | 2-Garden | 2BR,2BA | $1,449 |
| Vista Riverwest | Boulevard | 1BR,1BA | $1,475 |
| Nickel Plate Station | A3 Champion | 1BR,1BA | $1,479 |
Best Value Apartments for Rent in Cherry Creek Enclave, IN
As of July 24, 2026 the best value apartment in the Cherry Creek Enclave area is the $1.64 price per square foot 2-Townhome Model at Carmel Landing Apartment Homes in the in the Beacon Point neighborhood starting from $1,664. The second greatest value Cherry Creek Enclave apartment is the Durbin - Renovated Model at Governor Square starting at $1,350 with a $1.50 price per square foot in the Spring Mill 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. |
|---|---|---|---|
| Carmel Landing Apartment Homes | 2-Townhome | 2BR,1.5BA | $1.64 |
| Governor Square | Durbin - Renovated | 1BR,1BA | $1.50 |
| Park Lane Apartments | 7183B1 2x1.5 (876 sqft) | 2BR,1.5BA | $1.71 |
| Greystone of Noblesville | The Alpine | 1BR,1BA | $1.51 |
| Lavina | Finch | 1BR,1BA | $1.72 |
| District South | The Lynn | 1BR,1BA | $1.86 |
| Bridgewater | The Beeson | 1BR,1BA | $1.73 |
| Gramercy | Verde (1.10A) | 1BR,1BA | $1.65 |
| Depot at Nickel Plate | A1-1Connor | 1BR,1BA | $2.00 |
| Flats at Switch | Express I | 1BR,1BA | $1.72 |
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 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
2.5Pet 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 $1,150 at Flats at Switch.
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 $1,449 at Carmel Landing Apartment Homes.
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 $1,620.
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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Rent According to Income: A Look at Income-Restricted Rentals
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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.

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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.

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.