Cheap Apartments for Rent in the Oaklandon Neighborhood of Indianapolis, IN from $400 (24 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Oaklandon

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

Read Article
close
View Me
Jamestowne Apartments
2 Bedroom Apartments

Jamestowne Apartments

8917 Duxbury RdIndianapolis, IN 46226
  • Utilities Included
close
View Me
Peppermill Farms
1 to 2 Bedroom Apartments

Peppermill Farms

6830 Mill View DrIndianapolis, IN 46226
  • Utilities Included
close
View Me
Cavalier Court
1 to 3 Bedroom Apartments

Cavalier Court

9108 E 38th PlIndianapolis, IN 46235
  • Utilities Included
close
View Me
Maison Gardens
1 to 3 Bedroom Apartments

Maison Gardens

8808 Rue Madeleine RueIndianapolis, IN 46226
close
View Me
Maplewood
3 Bedroom Apartments

Maplewood

12451 Pendleton PikeIndianapolis, IN 46236
  • Utilities Included
close
View Me
Lawrence Glen
1 to 2 Bedroom Apartments

Lawrence Glen

8633 E 46th StIndianapolis, IN 46226
close
View Me
The Haciendas
1 to 3 Bedroom Apartments

The Haciendas

3816 Trilbey DrIndianapolis, IN 46235
  • Utilities Included
Showing Results 1-24, Page 1 of 1

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 Studio unit found at Franklin Studios priced from $725. Autumn Trails Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $749. Here are the most affordable Oaklandon apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Franklin StudiosStudioStudio,1BA$725
Autumn Trails ApartmentsThe MapleStudio,1BA$749
Serenity Park Apartments1 Bedroom 1 Bath1BR,1BA$769
Vineyards Apartments1 Bedroom Apartment1BR,1BA$770
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$825

Best Value Apartments for Rent in Oaklandon, IN

As of April 08, 2025 the best value apartment in the Oaklandon area is the $1.17 price per square foot 3BR2B -Reserve at Franklin Glen Model at Reserve at Franklin Glen in the in the Southeast Indianapolis neighborhood starting from $1,391. The second greatest value Oaklandon apartment is the 2 Bed 2 Bath Apartment w/Den - Renovated Model at Lenox Apartments starting at $1,233 with a $1.15 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.
Reserve at Franklin Glen3BR2B -Reserve at Franklin Glen3BR,2BA$1.17
Lenox Apartments2 Bed 2 Bath Apartment w/Den - Renovated2BR,2BA$1.15
THE GRANDE RESERVE AT GEISTB1 Woodridge Classic2BR,1BA$1.43
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$0.86
The Life at Harrison Trails2 BED 1.5 BATH2BR,1.5BA$1.37
Apartments @ Marten Court2x1 with washer/dryer2BR,1BA$1.13
Carriage House East2 Bedroom Apartment Optimism2BR,1BA$1.18
Fountainview Apartments2BR/1BA2BR,1BA$1.45
Timber Point ApartmentsThe Ashland1BR,1BA$1.08
Serenity Park Apartments1 Bedroom 1 Bath1BR,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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Oaklandon, Indianapolis, IN

Ranked #71

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Oaklandon, Indianapolis, IN

School data provided by Great Schools

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

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 $879.

What is the price of a cheap apartment in Oaklandon?

The cheapest apartment in Oaklandon is Serenity Park Apartments which is listed at $769, while the average apartment in Oaklandon costs $1,997.

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 9 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 $167 which is $1,830 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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.