
Cheap Homes for Rent in Cherry Creek Enclave Neighborhood of Carmel, IN from $2,100 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Cherry Creek Enclave area of Carmel.


111 Timberlake Ct

8315 Glacier Ridge Dr

5608 Castor Way

4217 Douro Trl
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.

4217 Douro Trl

7255 Shroyer Wy

7264 Selah Ln

537 Steinbeck Pl

3517 Buckner 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.
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 | $2,200 | $2,200 | $2,200 |
| Cherry Creek Enclave 3 Bedroom Homes for Rent | $2,561 | $2,130 | $3,750 |
| Cherry Creek Enclave 4 Bedroom Homes for Rent | $3,262 | $2,750 | $3,800 |
| Cherry Creek Enclave 5 Bedroom Homes for Rent | $4,531 | $2,800 | $6,500 |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 3 mile radius of the Cherry Creek Enclave Neighborhood of Carmel, IN.
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Cherry Creek Enclave, Carmel, IN Local Guide
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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 $1,230. Gramercy 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 |
|---|---|---|---|
| Flats at Switch | Express II | 1BR,1BA | $1,230 |
| Gramercy | Verde (1.10A) | 1BR,1BA | $1,260 |
| Carmel Landing Apartment Homes | 1-Garden | 1BR,1BA | $1,266 |
Best Value Apartments for Rent in Cherry Creek Enclave, IN
As of June 06, 2026 the best value apartment in the Cherry Creek Enclave area is the $1.87 price per square foot B5-1Domini Model at Depot at Nickel Plate in the in the Roxbury neighborhood starting from $2,550. The second greatest value Cherry Creek Enclave apartment is the Sydney Model at Overture at Proscenium Apartments starting at $2,099 with a $1.62 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. |
|---|---|---|---|
| Depot at Nickel Plate | B5-1Domini | 2BR,2BA | $1.87 |
| Overture at Proscenium Apartments | Sydney | 2BR,2BA | $1.62 |
| Park Lane Apartments | 7183C1 3x1.5 Townhome (1280 sqft) | 3BR,1.5BA | $1.72 |
| Governor Square | 2 bedroom 2 bathroom Renovated -Marshall | 2BR,2BA | $1.41 |
| Cottages at Sanders Glen | 7177B1 | 2BR,1BA | $1.54 |
| Greystone of Noblesville | The Alpine | 1BR,1BA | $1.51 |
| Sunblest Apartments | 1B - Mudsock | 1BR,1BA | $1.51 |
| Bridgewater | The Beeson | 1BR,1BA | $1.77 |
| Gramercy | Verde (1.10A) | 1BR,1BA | $1.66 |
| Flats at Switch | Express I | 1BR,1BA | $1.81 |
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
3.0Pet 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 34 Apartments for Rent in Cherry Creek Enclave, IN with pricing that ranges from $1,230 to $9,351. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cherry Creek Enclave ranging from $2,130 to $6,500.
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 $2,130 to $6,500 with an average monthly rent of $3,138.
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

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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.