
Cheap Homes for Rent in the Deer Creek Neighborhood of Indianapolis, IN from $1,300 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Deer Creek area of Indianapolis.


4351 Village Pkwy Cir W

5438 Nighthawk Dr

5908 Dunseth Ct
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5041 Lewiston Dr

6735 Ossington Dr

5384 Lakeside Manor Dr

5837 Walsham Way
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4811 Oakforge Dr
Deer Creek, Indianapolis, IN Local Guide

How much does it cost to rent a home in Deer Creek?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Deer Creek 2 Bedroom Homes for Rent | $1,666 | $1,550 | $1,875 |
| Deer Creek 3 Bedroom Homes for Rent | $1,902 | $1,350 | $2,365 |
| Deer Creek 4 Bedroom Homes for Rent | $2,438 | $1,850 | $2,765 |
| Deer Creek 5 Bedroom Homes for Rent | $2,540 | $2,540 | $2,540 |
Browse Homes for Rent in this Neighborhood
There are currently 9 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 Rosewood Commons priced from $719. Cambridge Commons has the second lowest priced unit, which is a Studio apartment currently listed from $719. Here are the most affordable Deer Creek apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rosewood Commons | Studio | Studio,1BA | $719 |
| Cambridge Commons | Studio | Studio,1BA | $719 |
| Annhurst | Studio | Studio,1BA | $735 |
Best Value Apartments for Rent in Deer Creek, IN
As of July 22, 2026 the best value apartment in the Deer Creek area is the $1.08 price per square foot 2 Bedroom Townhome Model at Lake Camelot Apartments in the in the Faith Knoll neighborhood starting from $1,192. The second greatest value Deer Creek apartment is the B1 Canadian Upgrade Model at Eagle Chase starting at $1,525 with a $1.40 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. |
|---|---|---|---|
| Lake Camelot Apartments | 2 Bedroom Townhome | 2BR,2BA | $1.08 |
| Eagle Chase | B1 Canadian Upgrade | 2BR,2BA | $1.40 |
| The Life at Creekside Reserve | JUNIPER | 2BR,1.5BA | $1.23 |
| Woodbrook | The Elm | 2BR,1.5BA | $1.22 |
| Pier 39 Apartments & Townhomes | One Bedroom One Bathroom | 1BR,1BA | $1.40 |
| Aspen Chase | One Bedroom One Bath | 1BR,1BA | $1.36 |
| The Woods of Eagle Creek | The Creek: One Bedroom Apartment | 1BR,1BA | $1.37 |
| The Abby | The Abbey | 1BR,1BA | $1.42 |
| Woodhaven Park | One Bedroom One Bath | 1BR,1BA | $1.30 |
| The Life at Wood Springs | 1 BEDROOM | 1 BATHROOM A | 1BR,1BA | $1.30 |
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.
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 ArticleReal 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.
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
Frequently Asked Questions about Deer Creek
What type of rentals are currently available in Deer Creek?
There are currently 42 Apartments for Rent in Deer Creek, IN with pricing that ranges from $719 to $1,890. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Deer Creek ranging from $1,350 to $2,765.
What is the current price range for Rental Homes in Deer Creek?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Deer Creek ranges from $1,350 to $2,765 with an average monthly rent of $2,259.
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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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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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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