Cheap Apartments for Rent in the Deer Creek Neighborhood of Indianapolis, IN from $500 (47 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Deer Creek area of Indianapolis.

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.

Read Article

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.

Read Article
close
View Me
Wylde at Eagle Creek
Rent Specials
$1,079 - $2,417
Total Monthly Price

Total Monthly Price

Base Rent
$1,079 - $2,417
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Wylde at Eagle Creek

6612 Eagle Pointe DrIndianapolis, IN 46254
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

Read Article
close
View Me
Whispering Pines
1 to 3 Bedroom Apartments

Whispering Pines

4444 Mission DrIndianapolis, IN 46254
  • Utilities Included
close
View Me
Oakbrook Village
1 to 3 Bedroom Apartments

Oakbrook Village

6098 Georgetown RdIndianapolis, IN 46254

Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

Read Article
close
View Me
Lake Camelot Apartments
1 to 3 Bedroom Apartments

Lake Camelot Apartments

6475 Excalibur CtIndianapolis, IN 46268
  • Utilities Included
close
View Me
Lakes of Georgetown
1 to 3 Bedroom Apartments

Lakes of Georgetown

6335 Sandyside DrIndianapolis, IN 46268
property at 5321 Gainsborough Ct

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550
Total Monthly Price
$1,550

3 Bedroom, 2 Bath Home for Rent

Available Now

5321 Gainsborough Ct

IndianapolisIN46254

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

Read Article
Showing Results 1-47, Page 1 of 1

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 $725. The Life at Wood Springs has the second lowest priced unit, which is a 1 Bed apartment currently listed from $780. Here are the most affordable Deer Creek apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Cambridge CommonsStudioStudio,1BA$725
The Life at Wood Springs1 BEDROOM | 1 BATHROOM A1BR,1BA$780
Garden Pointe ApartmentsLily StudioStudio,1BA$795
Covered BridgeOne Bedroom One Bath1BR,1BA$829
Scarborough Lake ApartmentsThe Sand Dollar StudioStudio,1BA$839
Woodhaven ParkOne Bedroom One Bath1BR,1BA$845
AnnhurstOne Bed One Bath1BR,1BA$849
Rosewood CommonsOne Bed One Bath1BR,1BA$870
Cross Creek ApartmentsTopsider1BR,1BA$890
Aspen ChaseOne Bedroom One Bath1BR,1BA$919

Best Value Apartments for Rent in Deer Creek, IN

As of April 28, 2026 the best value apartment in the Deer Creek area is the $1.30 price per square foot 2 BEDROOM | 2 BATHROOM B Model at The Life at Wood Springs in the in the Timberview neighborhood starting from $1,342. The second greatest value Deer Creek apartment is the 2x1.5 Model at The Life at Northwest Gardens starting at $1,301 with a $1.30 price per square foot in the Cheswick Place 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.
The Life at Wood Springs2 BEDROOM | 2 BATHROOM B2BR,2BA$1.30
The Life at Northwest Gardens2x1.52BR,1.5BA$1.30
The Woods of Eagle CreekThe Den: Two Bedroom Townhome2BR,1.5BA$1.41
The AbbyThe Berkshire2BR,2BA$1.38
Lake Camelot Apartments2 Bedroom Garden2BR,1BA$1.07
Covered BridgeOne Bedroom One Bath1BR,1BA$1.18
Aspen ChaseOne Bedroom One Bath1BR,1BA$1.31
Oakbrook VillageThe Willow 1B 1BB1BR,1BA$1.44
Woodhaven ParkOne Bedroom One Bath1BR,1BA$1.30
AnnhurstOne Bed One Bath1BR,1BA$1.47

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

Read Article
Decorative image

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 Article
Decorative image

The 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 Article
Decorative image

Cash 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 Article
Decorative image

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

Read Article
Decorative image

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

Best Local Schools in
Deer Creek, Indianapolis, IN

School data provided by Great Schools

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 $919.

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

The cheapest apartment in Deer Creek is The Life at Wood Springs which is listed at $780, while the average apartment in Deer Creek costs $1,604.

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 35 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 $315 which is $1,289 cheaper than the average rent for all rentals in Deer Creek.

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

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 Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters article

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.

decorative image for Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods article

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.

decorative image for Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home article

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Written by: Wendy Melton

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.