Cheap Apartments for Rent in the Oaklandon Neighborhood of Indianapolis, IN from $300 (14 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Oaklandon area of Indianapolis.

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Jamestowne Apartments
2 Bedroom Apartments

Jamestowne Apartments

8917 Duxbury RdIndianapolis, IN 46226
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Peppermill Farms
1 to 2 Bedroom Apartments

Peppermill Farms

6830 Mill View DrIndianapolis, IN 46226
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Cavalier Court
1 to 3 Bedroom Apartments

Cavalier Court

9108 E 38th PlIndianapolis, IN 46235
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Maison Gardens
1 to 3 Bedroom Apartments

Maison Gardens

8808 Rue Madeleine RueIndianapolis, IN 46226
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Maplewood
3 Bedroom Apartments

Maplewood

12451 Pendleton PikeIndianapolis, IN 46236
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Lawrence Glen
1 to 2 Bedroom Apartments

Lawrence Glen

8633 E 46th StIndianapolis, IN 46226

Oaklandon, Indianapolis, IN Local Guide

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 $385. 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 ListingModel NameBed/BathPriced From
8027 N Richardt Ave8027 N Richardt Ave1BR,1BA$385
Franklin StudiosStudioStudio,1BA$725
Autumn Trails ApartmentsThe MapleStudio,1BA$749
Serenity Park Apartments1 Bedroom 1 Bath1BR,1BA$769
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$825

Best Value Apartments for Rent in Oaklandon, IN

As of March 22, 2025 the best value apartment in the Oaklandon area is the $0.76 price per square foot 11319 Congaree Way Model at 11319 Congaree Way in the in the Southeast Indianapolis neighborhood starting from $2,230. The second greatest value Oaklandon apartment is the 5355 Pelham Way Model at 5355 Pelham Way starting at $2,365 with a $0.92 price per square foot in the Far Eastside neighborhood. Here is today’s list of the best values for Oaklandon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
11319 Congaree Way11319 Congaree Way4BR,2.5BA$0.76
5355 Pelham Way5355 Pelham Way4BR,2.5BA$0.92
5349 Hammock Glen Dr5349 Hammock Glen Dr3BR,3BA$0.87
5627 Wynridge Ct5627 Wynridge Ct3BR,2.5BA$1.03
10321 Hornton St10321 Hornton St3BR,2.5BA$1.25
Reserve at Franklin Glen3BR2B -Reserve at Franklin Glen3BR,2BA$1.17
Lenox Apartments2 Bed 2 Bath Apartment - Renovated2BR,2BA$1.20
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$0.86
Apartments @ Marten Court2x1 with washer/dryer2BR,1BA$1.13
Timber Point ApartmentsThe Ashland1BR,1BA$1.15

Quick Rent Budget Calculator

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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.

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Pet Friendly Lifestyle
Oaklandon, Indianapolis, IN

Ranked #86

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States, including Indianapolis. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, transit availability, pet-friendly communities, apartment complexes for the kids, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

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

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 $925.

What is the price of a cheap apartment in Oaklandon?

The cheapest apartment in Oaklandon is 8027 N Richardt Ave which is listed at $385, while the average apartment in Oaklandon costs $1,902.

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 $181 which is $1,721 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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

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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.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.