Cheap Homes for Rent in Oaklandon Neighborhood of Indianapolis, IN from $1,100 (9 Rentals)

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

property at 3901 Chateau Dr

3901 Chateau Dr

IndianapolisIN46226

Oaklandon

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

Oaklandon, Indianapolis, IN Local Guide

Cheapest Neighborhoods for Apartments in Oaklandon, IN

Pricing Updated: 03/21/2025

Current apartment rentals in the Oaklandon, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Oaklandon Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units

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

Best Value Apartments for Rent in Oaklandon, IN

As of March 21, 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$1.05
10321 Hornton St10321 Hornton St3BR,2.5BA$1.24
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

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Frequently Asked Questions about Oaklandon

What type of rentals are currently available in Oaklandon?

There are currently 81 Apartments for Rent in Oaklandon, IN with pricing that ranges from $383 to $3,557. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oaklandon ranging from $1,150 to $2,395.

What is the current price range for Rental Homes in Oaklandon?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Oaklandon ranges from $1,150 to $2,395 with an average monthly rent of $1,814.

How much are larger Three and Four Bedroom Rentals in Oaklandon?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Oaklandon range from $1,140 to $3,557, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $2,395. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $1,415.

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.

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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.

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.