
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.


Scarborough Lake Apartments

Cambridge Commons

Rosewood Commons
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Cross Creek Apartments

The Life at Creekside Reserve

Woodhaven Park

Garden Pointe Apartments

Covered Bridge
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Abney Lake

Annhurst

5613 W 38th St
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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 | $812 | $777 | $899 |
Deer Creek 1 Bedroom Apartments | $1,036 | $597 | $2,262 |
Deer Creek 2 Bedroom Apartments | $1,373 | $860 | $2,510 |
Deer Creek 3 Bedroom Apartments | $1,818 | $1,325 | $2,540 |
Deer Creek 4 Bedroom Apartments | $2,255 | $1,945 | $2,430 |
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 1 Bed unit found at Covered Bridge priced from $700. Scarborough Lake Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $777. Here are the most affordable Deer Creek apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Covered Bridge | One Bedroom One Bath | 1BR,1BA | $700 |
Scarborough Lake Apartments | The Sand Dollar Studio | Studio,1BA | $777 |
Rosewood Commons | Studio | Studio,1BA | $800 |
Cambridge Commons | Studio | Studio,1BA | $800 |
The Life at Northwest Gardens | 1 BED 1 BATH | 1BR,1BA | $805 |
Best Value Apartments for Rent in Deer Creek, IN
As of June 21, 2025 the best value apartment in the Deer Creek area is the $1.13 price per square foot 3 BEDROOM | 2 BATHROOM A Model at The Life at Wood Springs in the in the Timberview neighborhood starting from $1,430. The second greatest value Deer Creek apartment is the Redbud Model at Park at Eagle Creek starting at $1,700 with a $1.34 price per square foot in the Timberview 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 | $1.13 |
Park at Eagle Creek | Redbud | 3BR,2BA | $1.34 |
EAGLE CHASE APARTMENTS | Canadian Upgraded | 2BR,2BA | $1.38 |
The Life at Creekside Reserve | JUNIPER | 2BR,1.5BA | $1.28 |
The Abby | The Derbyshire | 2BR,1BA | $1.20 |
Covered Bridge | One Bedroom One Bath | 1BR,1BA | $0.99 |
Aspen Chase | One Bedroom One Bath | 1BR,1BA | $1.36 |
Lake Camelot Apartments | 1 Bedroom Garden | 1BR,1BA | $1.25 |
Abney Lake | 1 Bedroom Fireplace | 1BR,1BA | $1.25 |
Woodhaven Park | One Bedroom One Bath | 1BR,1BA | $1.30 |
Quick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleDeer Creek, Indianapolis, IN
Ranked #67
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 $895.
What is the price of a cheap apartment in Deer Creek?
The cheapest apartment in Deer Creek is Covered Bridge which is listed at $700, while the average apartment in Deer Creek costs $2,295.
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 22 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 $106 which is $2,189 cheaper than the average rent for all rentals in Deer Creek.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.