
Cheap Apartments for Rent in the Oakhill Neighborhood of Indianapolis, IN from $300 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Oakhill area of Indianapolis.


Circle City Apartments

Maryden on Central

CityView on Meridian
Oakhill
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

VILLAGE AT FALL CREEK
Check Out Indianapolis’s Best Affordable Neighborhoods
Learn about Indianapolis and the best places to live with original content written by our Local Expert Wendy Melton
Oakhill, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Oakhill?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Oakhill Studio Apartments | $1,186 | $585 | $1,517 |
Oakhill 1 Bedroom Apartments | $1,390 | $740 | $2,168 |
Oakhill 2 Bedroom Apartments | $1,846 | $900 | $2,575 |
Oakhill 3 Bedroom Apartments | $2,206 | $1,599 | $4,040 |
Oakhill 4 Bedroom Apartments | $2,400 | $2,400 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 1 mile radius of the Oakhill Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Oakhill, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Oakhill Apartments for Rent
 The cheapest available apartment rental in the Oakhill area of Indianapolis, IN is a 2 Beds unit found at The Sheldrake Apartments priced from $900. Circle City Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $910. Here are the most affordable Oakhill apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Sheldrake Apartments | 2 Bedroom | 2BR,1BA | $900 |
Circle City Apartments | Winterhouse Studio 389 | Studio,1BA | $910 |
CityView on Meridian | 1 Bedroom/1Bathroom 615 | 1BR,1BA | $999 |
Morton School Senior Apartments | Studio 60% | Studio,1BA | $1,009 |
Wesmont | One Bedroom - Four on Six (Workforce - 60% AMI) | 1BR,1BA | $1,149 |
Best Value Apartments for Rent in Oakhill, IN
As of April 13, 2025 the best value apartment in the Oakhill area is the $1.75 price per square foot Buckingham 2 BR 2.5 BA Apartment- 1080 Sq. Ft Model at Buckingham & Balmoral in the in the Martindale neighborhood starting from $1,885. The second greatest value Oakhill apartment is the 1956 Cornell Ave Model at 1956 Cornell Ave starting at $1,750 with a $1.67 price per square foot in the Martindale neighborhood. Here is today’s list of the best values for Oakhill apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Buckingham & Balmoral | Buckingham 2 BR 2.5 BA Apartment- 1080 Sq. Ft | 2BR,2.5BA | $1.75 |
1956 Cornell Ave | 1956 Cornell Ave | 2BR,1.5BA | $1.67 |
The Sheldrake Apartments | 2 Bedroom | 2BR,1BA | $1.08 |
Nine+Eighteen | The St. Joe | 1BR,1BA | $1.80 |
CityView on Meridian | 1 Bedroom/1Bathroom 645 | 1BR,1BA | $1.87 |
The Marott Apartments | Hoover | 1BR,1BA | $2.19 |
Wesmont | Studio - Bumping on Sunset | Studio ,1BA | $2.17 |
Wyndham Apartments | The Winchester | 1BR,1BA | $2.31 |
Morton School Senior Apartments | Studio 60% | Studio ,1BA | $1.98 |
Circle City Apartments | Winterhouse Studio 402 | Studio ,1BA | $2.45 |
Quick 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.
Pet Friendly LifestyleOakhill, Indianapolis, IN
Ranked #71
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Getting Around the Oakhill Neighborhood in Indianapolis, IN
Walk Score®
37 / 100
Car-Dependent
Most errands require a car
Bike Score®
53 / 100
Bikeable
Some bike infrastructure
Transit Score®
36 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Oakhill Apartments
What is the Cheapest Studio apartment in Oakhill?
Currently the most affordable Cheap Studio Apartment in Oakhill is at Circle City Apartments listed at $910.
How much is rent for a Cheap One Bedroom Oakhill Apartment?
The lowest price for a Cheap One Bedroom Oakhill Apartment is $999 at CityView on Meridian.
What is the lowest price for a Cheap Two Bedroom Oakhill Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Oakhill is starting from $900 at The Sheldrake Apartments.
What is the most affordable Oakhill Three Bedroom Apartment?
The best deal on a cheap Oakhill Three Bedroom Apartment rental is at CityView on Meridian and starts from $1,599.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.