The Preserve on Allisonville Townhomes

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5830 River Wood Dr, Indianapolis, IN 46250
(463) 240-1363
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The Preserve on Allisonville Townhomes

5830 River Wood Dr
Indianapolis, IN 46250
(463) 240-1363
The Preserve on Allisonville Townhomes in Indianapolis, IN - Building Photo
  • 2–3 Bedrooms
  • $1,410–$3,941Rent Pricing
  • 1,024–1,271Square Feet

About The Preserve on Allisonville Townhomes

Welcome home to The Preserve on Allisonville. You can find two and three bedroom floor plans that feature private entrances, wood-inspired plank flooring, private washers and dryers or washer and dryer connections, and patios with views of our landscaped grounds. Our spacious apartment homes are bright and airy with neutral colors and plenty of space for you to unwind. Relax on our sundeck by our shimmering swimming pool or enjoy the day at the children's play area. We also offer a bark park for your pampered pets. Call today to schedule a tour of our beautiful community, and find the lifestyle you're looking for at The Preserve on Allisonville.

The Preserve on Allisonville Townhomes is located in the Castleton Neighborhood and 46250 Zip code of Indianapolis, IN. This community is professionally managed by Morgan Properties

Unique Features and Amenities

  • Air Conditioner
  • Amazon Hub
  • BBQ/Picnic Area
  • Black Appliances
  • Corner Apartment
  • Espresso Cabinets
  • Extra patio
  • maple cabinets
  • Modern White Cabinets
  • Non-Smoking Community
  • Patio/Balcony
  • Pet Friendly
  • private entrance
  • Side-by-Side Washer and Dryer
  • Stackable washer and dryer
  • Steps from Town Run Trail Park
  • Tile backsplash
  • Vinyl Plank Flooring
  • Walk-in closet
  • washer & dryer
  • Washer & Dryer in Home

See All Amenities

Property Contact Info

Floorplan Pricing and Availability

The Preserve on Allisonville Townhomes offers 2 to 3 Bedroom apartments starting from $1,410 and having 1,024–1,271 sq ft. Here is the current pricing and availability:

  • 2 Bedrooms

    From $1,410

    Two Bedroom Townhome

    2 Beds, 1.5 Baths, 1024 sq ftAvailable Now

    Availability Details

    PriceAvailability DateUnitSq FtDepositView Details
    $1,490Available Now5757RW1024$250
    $1,495Available Now5746RW1024$250
    $1,435Available Now9444TV1024$250

    Model Amenities and Features

    Features

    • Air Conditioning
    • Balcony
    • Cable Ready
    • Fireplace
    • Washer/Dryer
    • Washer/Dryer Hookup

    Kitchen

    • Breakfast Nook
    • Dishwasher
    • Granite Countertops
    • Microwave
    • Refrigerator
    • Stainless Steel Appliances

    Model Rent and Fees

    Price Range

    • $1,410 - $2,650

    Rent Pricing

    • $1,435 - $2,430

    Unit 5757RW Amenities and Features

    Kitchen

    • Dishwasher
    • Granite Countertops
    • Microwave
    • Stainless Steel Appliances

    Unique Features

    • Modern White Cabinets
    • Side-by-Side Washer and Dryer
    • Tile Backsplash
    • Vinyl Plank Flooring

    Unit 5757RW Rent and Fees

    Price

    • From $1,490

    Deposit

    • $250 deposit

    Model Rent and Fees

    Price

    • $1,410 - $2,650

    Unit 5746RW Amenities and Features

    Features

    • Fireplace

    Kitchen

    • Dishwasher
    • Granite Countertops
    • Microwave
    • Stainless Steel Appliances

    Unique Features

    • Modern White Cabinets
    • Side-by-Side Washer and Dryer
    • Tile Backsplash
    • Vinyl Plank Flooring

    Unit 5746RW Rent and Fees

    Price

    • From $1,495

    Deposit

    • $250 deposit

    Model Rent and Fees

    Price

    • $1,410 - $2,650

    Unit 9444TV Amenities and Features

    Kitchen

    • Granite Countertops
    • Microwave
    • Stainless Steel Appliances

    Unique Features

    • Modern White Cabinets
    • Tile Backsplash
    • Vinyl Plank Flooring
    • Washer & Dryer

    Unit 9444TV Rent and Fees

    Price

    • From $1,435

    Deposit

    • $250 deposit

    Model Rent and Fees

    Price

    • $1,410 - $2,650
  • 3 Bedrooms

    From $1,650

    Three Bedroom Townhome

    3 Beds, 2.5 BathsAvailable Now

    Availability Details

    PriceAvailability DateUnitSq FtDepositView Details
    $1,815Available Now5752RW1271$250
    $1,745Available Now5738CR1271$250
    $1,810Available Now5749RW1271$250

    Model Amenities and Features

    Features

    • Air Conditioning
    • Balcony
    • Cable Ready
    • Fireplace
    • Washer/Dryer
    • Washer/Dryer Hookup

    Kitchen

    • Breakfast Nook
    • Dishwasher
    • Granite Countertops
    • Microwave
    • Refrigerator
    • Stainless Steel Appliances

    Model Rent and Fees

    Price Range

    • $1,650 - $3,941

    Rent Pricing

    • $1,745 - $3,232

    Unit 5752RW Amenities and Features

    Features

    • Fireplace

    Kitchen

    • Dishwasher
    • Granite Countertops
    • Microwave
    • Stainless Steel Appliances

    Unique Features

    • Modern White Cabinets
    • Side-by-Side Washer and Dryer
    • Tile Backsplash
    • Vinyl Plank Flooring

    Unit 5752RW Rent and Fees

    Price

    • From $1,815

    Deposit

    • $250 deposit

    Model Rent and Fees

    Price

    • $1,650 - $3,941

    Unit 5738CR Amenities and Features

    Kitchen

    • Granite Countertops
    • Microwave
    • Stainless Steel Appliances

    Unique Features

    • Modern White Cabinets
    • Tile Backsplash
    • Vinyl Plank Flooring
    • Washer & Dryer

    Unit 5738CR Rent and Fees

    Price

    • From $1,745

    Deposit

    • $250 deposit

    Model Rent and Fees

    Price

    • $1,650 - $3,941

    Unit 5749RW Amenities and Features

    Kitchen

    • Dishwasher
    • Granite Countertops
    • Microwave
    • Stainless Steel Appliances

    Unique Features

    • Modern White Cabinets
    • Side-by-Side Washer and Dryer
    • Tile Backsplash
    • Vinyl Plank Flooring

    Unit 5749RW Rent and Fees

    Price

    • From $1,810

    Deposit

    • $250 deposit

    Model Rent and Fees

    Price

    • $1,650 - $3,941
Price shown is base rent and may not include non-optional fees and utilities. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Schedule a Tour

Schedule a Tour
Call us at: (463) 240-1363 to schedule a tour.

Property Information

Lease Terms

  • 12 Months
  • Short Term Lease Options

Pet Policy

Pet Policy - Cats

  • $250 Fee
  • 2 Pet Limit
  • $25 Monthly Pet Rent

Pet Policy - Dogs

  • $250 Fee
  • $25 Monthly Pet Rent
  • 2 Pet Limit
  • Breed Restrictions Apply

Parking Fees & Info

Parking Covered Lot

  • Covered Lot

Fee & Deposit Info

One-Time Fees

  • $175 Admin Fee
  • $60 Application Fee

3D Tours

Features and Amenities

Community Features

  • Business Center
  • Clubhouse
  • Walk Up

Outdoor Features

  • Grill
  • Picnic Area
  • Sundeck
  • Patio

Recreation and Fitness

  • Fitness Center
  • Walking/Biking Trails
  • Playground
  • Pool

Interior Features

  • Balcony
  • Fireplace
  • Cable Ready
  • Washer/Dryer Hookup
  • Washer/Dryer
  • Air Conditioning

Kitchen Amenities

  • Dishwasher
  • Microwave
  • Refrigerator
  • Breakfast Nook
  • Stainless Steel Appliances
  • Granite Countertops

Living Area Features

  • Walk In Closets
  • Den
  • Window Coverings
Google Map

Map

5830 River Wood Dr, Indianapolis, IN 46250

Hours and Contact Info

Call Us - Open Now!
Currently Closed
By Appointment
Monday9:00 am–5:30 pm
Tuesday9:00 am–5:30 pm
Wednesday9:00 am–5:30 pm
Thursday9:00 am–5:30 pm
Friday9:00 am–5:30 pm
SaturdayClosed
SundayClosed

Getting Around

Walk Score®

61 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

56 / 100

Bikeable

Some bike infrastructure

Frequently Asked Questions about The Preserve on Allisonville Townhomes

Where is The Preserve on Allisonville Townhomes located?

The Preserve on Allisonville Townhomes is located at 5830 River Wood Dr near the Castleton area of Indianapolis, IN

What is the current rent range at The Preserve on Allisonville Townhomes?

2 Bedroom to 3 Bedroom Apartments at The Preserve on Allisonville Townhomes currently range from $1,410 to $3,941

When is the leasing office open?

  • The office Hours for The Preserve on Allisonville Townhomes are
  • Monday 9:00 am–5:30 pm
  • Tuesday 9:00 am–5:30 pm
  • Wednesday 9:00 am–5:30 pm
  • Thursday 9:00 am–5:30 pm
  • Friday 9:00 am–5:30 pm
  • Saturday Closed
  • Sunday Closed

Are pets allowed?

Call us today to find out our pet policy and if we allow pets

Lifestyle Ratings

  • Affordability Nice Value3.2

    The The Preserve on Allisonville Townhomes Apartments are 19.75% cheaper than the average apartment in the Castleton area, and 19.3% cheaper than the average apartment city-wide.

    Rent Comparison to the Castleton Neighborhood

    FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
    2 Bedroom$1,410$1,568-$158-10.1%
    3 Bedroom$1,650$2,336-$686-29.4%

    Rent Comparison to the city of Indianapolis

    FloorplanLowest Price HereCity Average RentCost Difference%
    2 Bedroom$1,410$1,734-$324-18.7%
    3 Bedroom$1,650$2,059-$409-19.9%

    Methodology: On 04/01/2025, ApartmentHomeLiving.com compared current rents by floorplan to 36 other apartment communities in the immediate area around The Preserve on Allisonville Townhomes (Castleton), and 1364 other apartment communities in Indianapolis using today’s up-to-date pricing using the sum/count averaging formula. This data will be updated in real-time as prices fluctuate.

    Rent Pricing Data as of 04/01/2025

  • Outdoors 3.0

    The Outdoors rating shows the apartment listings on ApartmentHomeLiving.com with the top amenities and features for renters who love the outdoor lifestyle.

    Rating Factors

    This 3.0-star Outdoors rating is based on the following features:

    • Walking/Biking Trails
    • Balconies
    • Patios
    • Picnic Area
    • Fireplaces
    • Grill(s)
    • Sundeck(s)
    • Swimming Pool(s)
Learn more about Lifestyle Search

Renters Reviews and Ratings

3.9
5 Renters Reviews
ⓘ How is this Rating Determined?The property ratings on ApartmentHomeLiving.com are created using a 5-star scale that includes average renter review scores combined with building ratings to determine an overall blended property score.

Building ratings are based on a community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.
  • Worst Place I have ever lived

    February 11, 2020
    This became the worst place I have ever lived when this place changed from Riverwood to the Preserve . The Preserve does NOT care about it residents and allows unreasonalbe wait time for necessary apartment maintenance. I waited over 6 months for them to fix a window their team broke while tearing up the backyard (they fixed the window in January).
    Review from Apartments.com
  • Do not move here (2018 Review)

    December 2, 2018
    1. No parking for tenants (expect to walk pass 20 cars or a new street to your car 2. Landlord allows tenants to occupy visitor parking spots or their family/friends to occupy it for 2 months and counting 3. October 2018, 2 cars got their tires stolen so a total of 4 tires stolen on one night 4. Tenants are allowed to smoke in their units, prepare to smell like cigarette smoke 5. There is no security in this area 6. When we first moved in they leased us an apartment that wasn’t livable, so we ...
    had to push our move in date and get a new apartment unit 7. New management charges you when you pay rent online, the fee is in the 20’s. 8. Expensive apartment that’s not worth the trouble
    • Property Manager Responded

      December 3, 2018
      Hello, We appreciate your feedback. Wilkinson Asset Management is the management company for The Preserve on Allisonville and we are here to help. We apologize in advance for property concerns. The Wilkinson Asset Management teams are committed to providing our customers with a hassle-free living experience and would love the opportunity to help you resolve your concern today. We want to hear from you and can be reached at CustomerCare@wfocliving.com or at 866-914-2403. Thank you.?
    Read More
    Review from Apartments.com
  • Riverwood apartment homes

    August 9, 2015
    We have lived here for 2 years. There have been four different companies that have owned the complex so things were a bit annoying at times. Now they are very good about doing repairs and regular maintenance on the apartments as needed. They are older units, with older appliances and in need of some definite upgrading, but great space and nice wooded property for a great price. We have had our roof leak, shower leaks, washing machine leak, and other small issues. These are old building so things ...
    do go wrong more often; they are good about making repairs now. I haven't found anyhting in this area for the price and 3 bedroom tow home styl with 2 1/2 baths; for that it is worth it to us. Quiet neighboorhood and pretty safe for the most part. Other than the maintenance issues with the apartment we have enjoyed living here, especially with a beautiful woods and wildlife out our back porch. We have owls, deer, raccoons, and even humming birds that come to my feeder ;)
    Read More
    Review from Apartments.com
  • Its been a while since I've lived here.

    August 6, 2015
    I lived here back in 2005-2006. This place is at the perfect location in Castleton. The worst thing that I can remember about living here, is the parking. Other than that, the neighborhood is quiet, and friendly staff.
    Review from Apartments.com
  • Riverwood

    August 6, 2015
    Not badly priced but not the best place to live. Layout is weird doesn't flow well.
    Review from Apartments.com

Nearby Schools

Lawrence Central High School

M S D Lawrence Township
7300 East 56th Street
Public School - Grades 9-12 (2317 Students)
In Attendance Zone10 minute drive / 5.0 miles away
3/10

Belzer Middle School

M S D Lawrence Township
7555 East 56th Street
Public School - Grades 7-8 (1183 Students)
In Attendance Zone11 minute drive / 5.2 miles away
3/10

Mary Evelyn Castle Elementary School

M S D Lawrence Township
8502 East 82nd Street
Public School - Grades 1-6 (713 Students)
In Attendance Zone6 minute drive / 2.9 miles away
6/10
School data provided by GreatSchools.
details
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on scale of 1 (below average) and to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider needs as part of the school selection process.

About GreatSchools Data on ApartmentHomeLiving.com.

Points of Interest

Time and distance from The Preserve on Allisonville Townhomes.

Arts Museums and Landmarks

4000 Michigan Road
18 minute drive / 8.77 miles away
3000 N. Meridian St.
19 minute drive / 8.87 miles away
9500 East 16th Street
20 minute drive / 9.75 miles away

Big Box and Retail

Walgreens
9610 Allisonville Rd
1 minute drive / 0.57 miles away
Macy's
6020 E 82nd St
2 minute drive / 0.73 miles away
Jcpenney
6020 E 82nd St
2 minute drive / 0.8 miles away

Colleges and Universities

4600 Sunset Ave
16 minute drive / 7.61 miles away
50 West Fall Creek Pkwy
19 minute drive / 9.26 miles away
3200 Cold Spring Rd
21 minute drive / 10.01 miles away

Groceries

Kroger
5810 E 71st St
5 minute drive / 2.42 miles away
Meijer
1424 W Carmel Dr
12 minute drive / 5.75 miles away
The Fresh Market
5415 N College Ave
13 minute drive / 6.19 miles away

Hospitals

7150 Clearvista Dr
5 minute drive / 1.99 miles away
8102 Clearvista Parkway
4 minute drive / 2.02 miles away
5602 Caito Drive
9 minute drive / 4.63 miles away

Military Bases

18 minute drive / 8.82 miles away

Parks and Recreation

8750 Corporation Drive
5 minute drive / 1.67 miles away
3850 Depauw Boulevard
17 minute drive / 8.26 miles away
3000 N Meridian St
19 minute drive / 8.87 miles away

The Preserve on Allisonville Townhomes has 4 parks within 10.4 miles, including Climb Time Indy, Caribbean Cove, SpaceQuest Planetarium, and Benjamin Harrison House.

Restaurants and Dining

6880 E 82nd St
4 minute drive / 1.5 miles away
1912 Broad Ripple Avenue
10 minute drive / 4.69 miles away
6360 N. Guilford Ave
10 minute drive / 5.1 miles away

Shopping Centers

9546 Allisonville Rd
1 minute drive / 0.39 miles away
8708-8714 Castle Creek Parkway Dr E
1 minute drive / 0.4 miles away
8603-8617 Allisonville Rd
1 minute drive / 0.46 miles away

The Preserve on Allisonville Townhomes has 5 shopping centers within 0.6 miles.

Nearby Neighborhoods

Studio to 3 Bedroom Apartments from $880
View Rentals
Studio to 3 Bedroom Apartments from $880
View Rentals
1 to 3 Bedroom Apartments from $307
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Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Indianapolis Studio Apartments $1,280$585$6,600
Indianapolis 1 Bedroom Apartments $1,431$307$4,900
Indianapolis 2 Bedroom Apartments $1,734$750$7,388
Indianapolis 3 Bedroom Apartments $2,059$899$8,137
Indianapolis 4 Bedroom Apartments $1,599$699$2,796
Indianapolis 5 Bedroom Apartments $1,830$1,830$1,830

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Viewing: The Preserve on Allisonville Townhomes | Desktop Version | Listing Updated: 03/31/2025 | AHLPLA