8116 Wallingwood Dr
IndianapolisIN46256
Cheap Apartments for Rent in the Oaklandon Neighborhood of Indianapolis, IN from $300 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the Oaklandon area of Indianapolis.
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
Oaklandon
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
Showing Results 1-8, Page 1 of 1
Oaklandon, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Oaklandon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oaklandon Studio Apartments | $901 | $725 | $1,789 |
| Oaklandon 1 Bedroom Apartments | $1,229 | $383 | $2,239 |
| Oaklandon 2 Bedroom Apartments | $1,453 | $750 | $2,914 |
| Oaklandon 3 Bedroom Apartments | $1,899 | $1,145 | $3,229 |
| Oaklandon 4 Bedroom Apartments | $1,562 | $1,425 | $2,100 |
Browse Apartments in this Neighborhood
There are currently 8 rentals with your search options within a 3 mile radius of the Oaklandon Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Oaklandon, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Oaklandon Apartments for Rent
The cheapest available apartment rental in the Oaklandon area of Indianapolis, IN is a 1 Bed unit found at 8027 N Richardt Ave priced from $400. Franklin Studios has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Oaklandon apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 8027 N Richardt Ave | 8027 N Richardt Ave | 1BR,1BA | $400 |
| Franklin Studios | Studio | Studio,1BA | $725 |
| Autumn Trails Apartments | The Maple | Studio,1BA | $749 |
Best Value Apartments for Rent in Oaklandon, IN
As of March 26, 2025 the best value apartment in the Oaklandon area is the $0.87 price per square foot 5349 Hammock Glen Dr Model at 5349 Hammock Glen Dr in the in the Far Eastside neighborhood starting from $1,800. The second greatest value Oaklandon apartment is the 3BR2B -Reserve at Franklin Glen Model at Reserve at Franklin Glen starting at $1,391 with a $1.17 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Oaklandon apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 5349 Hammock Glen Dr | 5349 Hammock Glen Dr | 3BR,3BA | $0.87 |
| Reserve at Franklin Glen | 3BR2B -Reserve at Franklin Glen | 3BR,2BA | $1.17 |
| Lenox Apartments | 2 Bed 2 Bath Apartment - Renovated | 2BR,2BA | $1.20 |
| THE GRANDE RESERVE AT GEIST | B1 Woodridge Classic | 2BR,1BA | $1.43 |
| Brookhaven Apartments | 1 Bed 1 Bath | 1BR,1BA | $0.86 |
| 7306 North Dr | 7306 North Dr | 3BR,1BA | $1.31 |
| Apartments @ Marten Court | 2x1 with washer/dryer | 2BR,1BA | $1.13 |
| Vineyards Apartments | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.39 |
| Timber Point Apartments | The Ashland | 1BR,1BA | $1.17 |
| Serenity Park Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.29 |
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.
Let everyone know!
Do you know the Oaklandon area?
If you’re an expert on all things Oaklandon, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleOaklandon, Indianapolis, IN
Ranked #104
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Oaklandon, Indianapolis, IN
School data provided by Great Schools
Best Local Schools in Oaklandon, Indianapolis, IN
School data provided by Great Schools
Getting Around the Oaklandon Neighborhood in Indianapolis, IN
Walk Score®
49 / 100
Car-Dependent
Most errands require a car
Bike Score®
50 / 100
Bikeable
Some bike infrastructure
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 Oaklandon Apartments
What is a cheap apartment in Oaklandon?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Oaklandon is under $940.
What is the price of a cheap apartment in Oaklandon?
The cheapest apartment in Oaklandon is 8027 N Richardt Ave which is listed at $400, while the average apartment in Oaklandon costs $1,754.
What types of apartments are the cheapest in Oaklandon?
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 78 regular apartments in Oaklandon 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 Oaklandon?
Cheap apartments in Oaklandon have an average cost of $155 which is $1,599 cheaper than the average rent for all rentals in Oaklandon.
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.