Cheap Apartments for Rent in the Deer Creek Neighborhood of Indianapolis, IN from $500 (18 Rentals)

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Whispering Pines
1 to 3 Bedroom Apartments

Whispering Pines

4444 Mission DrIndianapolis, IN 46254
  • Utilities Included
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Lake Camelot Apartments
1 to 3 Bedroom Apartments

Lake Camelot Apartments

6475 Excalibur CtIndianapolis, IN 46268
  • Utilities Included

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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 $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 ListingModel NameBed/BathPriced From
Cambridge CommonsStudioStudio,1BA$755
The Life at Wood Springs1 BEDROOM | 1 BATHROOM A1BR,1BA$780
Garden Pointe ApartmentsLily StudioStudio,1BA$795
Lake Camelot Apartments1 Bedroom Garden1BR,1BA$815
The Life at Northwest Gardens1 BED 1 BATH1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Life at Wood Springs3 BEDROOM | 2 BATHROOM A3BR,2BA$1.31
The Life at Creekside ReserveWILLOW3BR,1.5BA$1.29
Eagle ChaseCanadian Upgraded2BR,2BA$1.38
The Woods of Eagle CreekThe Den: Two Bedroom Townhome2BR,1.5BA$1.38
The AbbyThe Berkshire2BR,2BA$1.38
Covered BridgeOne Bedroom One Bath1BR,1BA$1.18
Aspen ChaseOne Bedroom One Bath1BR,1BA$1.36
Lake Camelot Apartments1 Bedroom Garden1BR,1BA$1.16
Woodhaven ParkOne Bedroom One Bath1BR,1BA$1.38
Cross Creek ApartmentsMariner1BR,1BA$1.38

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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 43 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 $183 which is $1,445 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

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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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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.

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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.

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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.

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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.