
Cheap Homes for Rent in Cherry Creek Enclave Neighborhood of Carmel, IN from $1,500 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Cherry Creek Enclave area of Carmel.


8382 Enclave Blvd

102 Village Green Ln

2014 Tourmaline Dr
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

507 Conner Creek Dr

14610 Village Park E Dr

14910 Copper Tree Way

7607 Home Dr
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

3044 Village Park N Dr
Cherry Creek Enclave, Carmel, IN Local Guide

How much does it cost to rent a home in Cherry Creek Enclave?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cherry Creek Enclave 2 Bedroom Homes for Rent | $1,944 | $1,595 | $2,500 |
| Cherry Creek Enclave 3 Bedroom Homes for Rent | $2,571 | $1,950 | $3,750 |
| Cherry Creek Enclave 4 Bedroom Homes for Rent | $2,737 | $2,100 | $3,500 |
| Cherry Creek Enclave 5 Bedroom Homes for Rent | $3,247 | $2,795 | $3,600 |
| Cherry Creek Enclave 6 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 3 mile radius of the Cherry Creek Enclave Neighborhood of Carmel, IN.
Explore Carmel
Cherry Creek Enclave, Carmel, IN Local Guide
- Nearby Carmel neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $1,260. Governor Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,295. 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 | $1,260 |
| Governor Square | Durbin - Renovated | 1BR,1BA | $1,295 |
| Carmel Landing Apartment Homes | 2-Garden | 2BR,2BA | $1,298 |
Best Value Apartments for Rent in Cherry Creek Enclave, IN
As of March 07, 2026 the best value apartment in the Cherry Creek Enclave area is the $1.72 price per square foot 7183C1 3x1.5 Townhome (1280 sqft) Model at Park Lane Apartments in the in the Beacon Point neighborhood starting from $2,199. The second greatest value Cherry Creek Enclave apartment is the Two Bedroom Model at Woodland Springs Apartment Homes starting at $1,431 with a $1.19 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. |
|---|---|---|---|
| Park Lane Apartments | 7183C1 3x1.5 Townhome (1280 sqft) | 3BR,1.5BA | $1.72 |
| Woodland Springs Apartment Homes | Two Bedroom | 2BR,2BA | $1.19 |
| Redwood Noblesville Webster Drive | Driftwood | 2BR,2BA | $1.62 |
| Flats at Switch | Cascades | 2BR,2BA | $1.40 |
| Sunblest Apartments | 2B-Mudsock | 2BR,2BA | $1.31 |
| Overture at Proscenium Apartments | London | 2BR,2BA | $1.71 |
| Carmel Landing Apartment Homes | 2-Mastersuite | 2BR,2BA | $1.45 |
| Governor Square | Durbin - Renovated | 1BR,1BA | $1.44 |
| Greystone of Noblesville | The Alpine | 1BR,1BA | $1.51 |
| Gramercy | Verde (1.10A) | 1BR,1BA | $1.66 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 #13
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 Cherry Creek Enclave
What type of rentals are currently available in Cherry Creek Enclave?
There are currently 32 Apartments for Rent in Cherry Creek Enclave, IN with pricing that ranges from $1,217 to $8,506. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cherry Creek Enclave ranging from $1,595 to $4,500.
What is the current price range for Rental Homes in Cherry Creek Enclave?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Cherry Creek Enclave ranges from $1,595 to $4,500 with an average monthly rent of $2,999.
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

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.

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.

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.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.