
Cheap Apartments for Rent in the Deer Creek Neighborhood of Indianapolis, IN from $500 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Deer Creek area of Indianapolis.


Rosewood Commons

Cambridge Commons

Scarborough Lake Apartments

Annhurst

Woodhaven Park
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Covered Bridge

Wylde at Eagle Creek

The Life at Northwest Gardens

The Abby

Cross Creek Apartments
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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 | $817 | $739 | $1,208 |
| Deer Creek 1 Bedroom Apartments | $986 | $597 | $1,415 |
| Deer Creek 2 Bedroom Apartments | $1,304 | $999 | $2,011 |
| Deer Creek 3 Bedroom Apartments | $1,605 | $1,249 | $2,400 |
| Deer Creek 4 Bedroom Apartments | $1,900 | $1,900 | $1,900 |
Browse Apartments in this Neighborhood
There are currently 18 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 $750. Lake Camelot Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $806. 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 | $750 |
| Lake Camelot Apartments | 1 Bedroom Garden | 1BR,1BA | $806 |
| The Life at Wood Springs | 1 BEDROOM | 1 BATHROOM A | 1BR,1BA | $806 |
| Annhurst | One Bed One Bath | 1BR,1BA | $809 |
| Woodhaven Park | One Bedroom One Bath | 1BR,1BA | $845 |
Best Value Apartments for Rent in Deer Creek, IN
As of January 06, 2026 the best value apartment in the Deer Creek area is the $1.26 price per square foot Redbud Model at Park at Eagle Creek in the in the Timberview neighborhood starting from $1,596. The second greatest value Deer Creek apartment is the 2 Bedroom Townhome Model at Lake Camelot Apartments starting at $1,313 with a $1.19 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Park at Eagle Creek | Redbud | 3BR,2BA | $1.26 |
| Lake Camelot Apartments | 2 Bedroom Townhome | 2BR,2BA | $1.19 |
| The Life at Wood Springs | 2 BEDROOM | 2 BATHROOM B | 2BR,2BA | $1.30 |
| The Life at Creekside Reserve | JUNIPER | 2BR,1.5BA | $1.23 |
| The Abby | The Berkshire | 2BR,2BA | $1.38 |
| Covered Bridge | One Bedroom One Bath | 1BR,1BA | $1.21 |
| Aspen Chase | One Bedroom One Bath | 1BR,1BA | $1.37 |
| Oakbrook Village | The Walnut 1B 1BA | 1BR,1BA | $1.39 |
| Woodhaven Park | One Bedroom One Bath | 1BR,1BA | $1.30 |
| Cross Creek Apartments | Mariner | 1BR,1BA | $1.38 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
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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 the price of a cheap apartment in Deer Creek?
The cheapest apartment in Deer Creek is Lake Camelot Apartments which is listed at $806, while the average apartment in Deer Creek costs $1,900.
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 44 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 $261 which is $1,639 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.

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.
Articles, How-To's, and Tips

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Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!






