
Cheap Apartments for Rent in the Deer Creek Neighborhood of Indianapolis, IN from $500 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Deer Creek area of Indianapolis.


Cambridge Commons

The Life at Wood Springs

Garden Pointe Apartments

The Life at Northwest Gardens
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Scarborough Lake Apartments

Covered Bridge

Annhurst

The Abby

Cross Creek Apartments
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Rosewood Commons

The Life at Creekside Reserve

Three Fountains West Cooperative

Whispering Pines

Mayfield Green Cooperative
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Guion Creek Apartments

Lake Camelot Apartments
Deer Creek, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Deer Creek?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Deer Creek Studio Apartments | $813 | $755 | $904 |
| Deer Creek 1 Bedroom Apartments | $1,010 | $597 | $1,229 |
| Deer Creek 2 Bedroom Apartments | $1,326 | $999 | $2,075 |
| Deer Creek 3 Bedroom Apartments | $1,636 | $1,406 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Deer Creek Neighborhood of Indianapolis, IN.
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Deer Creek, Indianapolis, IN Local Guide
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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 $755. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cambridge Commons | Studio | Studio,1BA | $755 |
| The Life at Wood Springs | 1 BEDROOM | 1 BATHROOM A | 1BR,1BA | $780 |
| Garden Pointe Apartments | Lily Studio | Studio,1BA | $795 |
| Lake Camelot Apartments | 1 Bedroom Garden | 1BR,1BA | $815 |
| The Life at Northwest Gardens | 1 BED 1 BATH | 1BR,1BA | $829 |
Best Value Apartments for Rent in Deer Creek, IN
As of March 14, 2026 the best value apartment in the Deer Creek area is the $1.31 price per square foot 3 BEDROOM | 2 BATHROOM A Model at The Life at Wood Springs in the in the Timberview neighborhood starting from $1,664. The second greatest value Deer Creek apartment is the WILLOW Model at The Life at Creekside Reserve starting at $1,500 with a $1.29 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Life at Wood Springs | 3 BEDROOM | 2 BATHROOM A | 3BR,2BA | $1.31 |
| The Life at Creekside Reserve | WILLOW | 3BR,1.5BA | $1.29 |
| Eagle Chase | Canadian Upgraded | 2BR,2BA | $1.38 |
| The Woods of Eagle Creek | The Den: Two Bedroom Townhome | 2BR,1.5BA | $1.38 |
| The Abby | The Berkshire | 2BR,2BA | $1.38 |
| Woodbrook | The Elm | 2BR,1.5BA | $1.39 |
| Covered Bridge | One Bedroom One Bath | 1BR,1BA | $1.21 |
| Lake Camelot Apartments | 1 Bedroom Garden | 1BR,1BA | $1.16 |
| Aspen Chase | One Bedroom One Bath | 1BR,1BA | $1.36 |
| Cross Creek Apartments | Mariner | 1BR,1BA | $1.38 |
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Read ArticleYour 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 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.
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 $900.
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 $1,628.
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 42 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 $182 which is $1,446 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

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.

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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.

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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.
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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.