Cheap Apartments for Rent in the Deer Creek Neighborhood of Indianapolis, IN from $500 (41 Rentals)

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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.

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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.

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Wylde at Eagle Creek
Rent Specials
$1,024 - $2,383
Total Monthly Price

Total Monthly Price

Base Rent
$1,024 - $2,383
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Wylde at Eagle Creek

6612 Eagle Pointe DrIndianapolis, IN 46254
Corporate Housing
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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.

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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

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.

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Oakbrook Village
1 to 3 Bedroom Apartments

Oakbrook Village

6098 Georgetown RdIndianapolis, IN 46254
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Lakes of Georgetown
1 to 3 Bedroom Apartments

Lakes of Georgetown

6335 Sandyside DrIndianapolis, IN 46268

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-41, 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 $775. Garden Pointe Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable Deer Creek apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Cambridge CommonsStudioStudio,1BA$775
Garden Pointe ApartmentsLily StudioStudio,1BA$795
Covered BridgeOne Bedroom One Bath1BR,1BA$829
The Life at Wood Springs1 BEDROOM | 1 BATHROOM A1BR,1BA$832
Woodhaven ParkOne Bedroom One Bath1BR,1BA$845
Rosewood CommonsOne Bed One Bath1BR,1BA$849
Lakeside Crossing at Eagle Creek Apartments and TownhomesOne Bedroom1BR,1BA$870
Cross Creek ApartmentsTopsider1BR,1BA$890
WoodbrookThe Pine1BR,1BA$900
AnnhurstOne Bed One Bath1BR,1BA$900

Best Value Apartments for Rent in Deer Creek, IN

As of June 13, 2026 the best value apartment in the Deer Creek area is the $1.25 price per square foot U1233 Model at Lakes of Georgetown in the in the Faith Knoll neighborhood starting from $1,540. The second greatest value Deer Creek apartment is the 2 Bedroom Townhome Model at Lake Camelot Apartments starting at $1,113 with a $1.01 price per square foot in the Faith Knoll 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.
Lakes of GeorgetownU12333BR,2BA$1.25
Lake Camelot Apartments2 Bedroom Townhome2BR,2BA$1.01
The Life at Creekside ReserveJUNIPER2BR,1.5BA$1.23
The AbbyThe Berkshire2BR,2BA$1.18
The Life at Northwest Gardens2 BED 1 BATH2BR,1BA$1.22
Covered BridgeOne Bedroom One Bath1BR,1BA$1.18
Aspen ChaseOne Bedroom One Bath1BR,1BA$1.37
WoodbrookThe Pine1BR,1BA$1.33
Woodhaven ParkOne Bedroom One Bath1BR,1BA$1.30
The Life at Wood Springs1 BEDROOM | 1 BATHROOM A1BR,1BA$1.32

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.

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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

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Real 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.

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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.

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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 Cambridge Commons which is listed at $825, while the average apartment in Deer Creek costs $1,635.

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 10 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 $232 which is $1,403 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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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.

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

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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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

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.