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The Preserve on Allisonville Townhomes

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(463) 240-1363
Check Availability
5830 River Wood Dr, Indianapolis, IN 46250

Contact

The Preserve on Allisonville Townhomes

5830 River Wood Dr
Indianapolis, IN 46250
(463) 240-1363
The Preserve on Allisonville Townhomes in Indianapolis, IN - Building Photo
  • 2–3 Bedrooms
  • $1,665-$3,109 Pricing
  • 1,024–1,271 Square Feet

Rent Specials

$750 Off First Month's Rent! End Summer on a High Note! Apply Today! A $750 rent credit will be applied to the first full month’s rent on new leases of 10 months or longer. To qualify, applicants must apply on or after 8/26/26 and move in by 9/29/26. Offer is subject to approval and may be modified or discontinued at any time.

About The Preserve on Allisonville Townhomes

Welcome home to The Preserve on Allisonville. You can find two and three bedroom floor plans that feature private entrances, wood-inspired plank flooring, private washers and dryers or washer and dryer connections, and patios with views of our landscaped grounds. Our spacious apartment homes are bright and airy with neutral colors and plenty of space for you to unwind. Relax on our sundeck by our shimmering swimming pool or enjoy the day at the children's play area. We also offer a bark park for your pampered pets. Call today to schedule a tour of our beautiful community, and find the lifestyle you're looking for at The Preserve on Allisonville.

The Preserve on Allisonville Townhomes is located in the Castleton Neighborhood and 46250 Zip code of Indianapolis, IN. This community is professionally managed by Morgan Properties

Unique Features and Amenities

  • Air Conditioner
  • Amazon HUB
  • BBQ/Picnic Area
  • Black Appliances
  • Corner Apartment
  • Electric Fireplace
  • Espresso Cabinets
  • Extra Patio
  • Maple Cabinets
  • Modern White Cabinets
  • Non-Smoking Community
  • Patio/Balcony
  • Pet Friendly
  • Private Entrance
  • Side-by-Side Washer and Dryer
  • Stackable Washer and Dryer
  • Steps from Town Run Trail Park
  • Tile Backsplash
  • Vinyl Plank Flooring
  • Walk-In Closet
  • Washer & Dryer
  • Washer & Dryer in Home
  • Wood Fireplace

See All Amenities

Property Contact Info

Office Hours

Monday10:00 am–6:00 pm
Tuesday10:00 am–6:00 pm
Wednesday10:00 am–6:00 pm
Thursday10:00 am–6:00 pm
Friday10:00 am–6:00 pm
SaturdayClosed
SundayClosed

Floorplan Pricing and Availability

The Preserve on Allisonville Townhomes offers 2 to 3 Bedroom apartments starting from $1,665 and having 1,024–1,271 sq ft. Here is the current pricing and availability:

  • 2 Bedrooms

    Two Bedroom Townhome

    2 Beds, 1.5 Baths, 1024 sq ft
    Available Soon

    Availability Details

    Availability DateUnitSq Ft
    Available SoonTwo Bedroom Townhome1024 sq ft

    Model Amenities and Features

    Features

    • Air Conditioning
    • Balcony
    • Cable Ready
    • Fireplace
    • Washer/Dryer
    • Washer/Dryer Hookup

    Kitchen

    • Breakfast Nook
    • Dishwasher
    • Granite Countertops
    • Microwave
    • Refrigerator
    • Stainless Steel Appliances
  • 3 Bedrooms

    Three Bedroom Townhome

    From $1,665

    3 Beds, 2.5 Baths
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtDepositView Details
    $1,730Available Now5748RW1271$250
    $1,665Available Now5813RW1271$250
    $1,730Available Now5747RW1271$250

    Model Amenities and Features

    Features

    • Air Conditioning
    • Balcony
    • Cable Ready
    • Fireplace
    • Washer/Dryer
    • Washer/Dryer Hookup

    Kitchen

    • Breakfast Nook
    • Dishwasher
    • Granite Countertops
    • Microwave
    • Refrigerator
    • Stainless Steel Appliances

    Model Rent and Fees

    Model Price Range

    • $1,665 - $3,109

    Current Available Pricing

    • $1,665 - $1,730

    Unit 5748RW Amenities and Features

    Kitchen

    • Dishwasher
    • Granite Countertops
    • Microwave
    • Stainless Steel Appliances

    Unique Features

    • Modern White Cabinets
    • Tile Backsplash
    • Vinyl Plank Flooring
    • Washer & Dryer

    Unit 5748RW Rent and Fees

    Unit Price

    • $1,730

    Deposit

    • $250 deposit

    Model Rent and Fees

    Model Price Range

    • $1,665 - $3,109

    Unit 5813RW Amenities and Features

    Kitchen

    • Microwave

    Unique Features

    • Black Appliances
    • Modern White Cabinets
    • Side-by-Side Washer and Dryer
    • Tile Backsplash
    • Vinyl Plank Flooring
    • Wood Fireplace

    Unit 5813RW Rent and Fees

    Unit Price

    • $1,665

    Deposit

    • $250 deposit

    Model Rent and Fees

    Model Price Range

    • $1,665 - $3,109

    Unit 5747RW Amenities and Features

    Kitchen

    • Dishwasher
    • Granite Countertops
    • Microwave
    • Stainless Steel Appliances

    Unique Features

    • Modern White Cabinets
    • Tile Backsplash
    • Vinyl Plank Flooring
    • Washer & Dryer

    Unit 5747RW Rent and Fees

    Unit Price

    • $1,730

    Deposit

    • $250 deposit

    Model Rent and Fees

    Model Price Range

    • $1,665 - $3,109
Price shown is base rent. Excludes user-selected optional fees and variable or usage-based fees and required charges due at or prior to move-in or at move-out. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Schedule a Tour

Request Tour
Call us at: (463) 240-1363 to request a tour.

3D Tours

Property Information

  • 120 Units
  • 2 Stories
  • Built in 1979

Fees and Policies

The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified.

Ask About Our Fees

Required Fees

One-Time Basics

Due at Application
Application Fee Per ApplicantiCharged per applicant.$60.00
Due at Move-In
Administrative FeeiCharged per unit.$175.00

Utilities

Amenity FeeiAmenity Fee Charged Per Unit.$65.00/mo

Other Fees and Policies

Situational Fees

Early Termination FeeiEarly Termination Fee Charged Per Unit.200.0% of base rent/per occurrence
Late ChargeiLate Fee Charged Per Unit.$75.00/per occurrence
NSF Check FeeiNSF Fee Charged Per Unit.$25.00/per occurrence
Transfer FeeiIn-House Transfer Fee Charged Per Unit.$500.00/per occurrence
Adminstrative FeeiAdminstrative Fee Charged per unit.$175.00
Application FeeiApplication Fee Charged per unit.$60.00
Keys and Lock ChangesiMailbox Key Change Charged per unit.$25.00/per occurrence
Pre-Termination FeeiResident Add-on/Release Fee Charged per unit.$100.00/per occurrence
Utility - WateriUtility - Water Charged per unit.Varies/mo

Pet Fees

Cat
Cat FeeiMax of 2. Charged Per Pet.$250.00
Cat RentiCharged Per Pet.$25.00/mo
Restrictions:

None

Comments:

Max of 2. | Restrictions: None.

Dog
Dog FeeiMax of 2. Charged Per Pet.$250.00
Dog RentiCharged Per Pet.$25.00/mo
Restrictions:

Breed Restrictions Apply

Comments:

Max of 2. | Restrictions: Breed Restrictions Apply.

Other Pet
Monthly Pet FeeiMonthly Pet Fee Charged Per Pet.$25.00/mo
Pet FeeiOne Time Pet Fee Charged Per Pet.Varies/mo

Parking Fees

Other
Parking FeeiPreferred Parking Charged Per Vehicle.$25.00/mo
Garage RentiCarport Charged Per Vehicle.$35.00/mo

Additional Parking Options

Covered

Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.

Features and Amenities

Community Features

  • Business Center
  • Clubhouse
  • Walk Up

Outdoor Features

  • Grill
  • Picnic Area
  • Sundeck
  • Patio

Recreation and Fitness

  • Fitness Center
  • Walking/Biking Trails
  • Playground
  • Pool

Interior Features

  • Balcony
  • Fireplace
  • Cable Ready
  • Washer/Dryer Hookup
  • Washer/Dryer
  • Air Conditioning

Kitchen Amenities

  • Dishwasher
  • Microwave
  • Refrigerator
  • Breakfast Nook
  • Stainless Steel Appliances
  • Granite Countertops

Living Area Features

  • Walk In Closets
  • Den
  • Window Coverings
Google Map

Map

5830 River Wood Dr, Indianapolis, IN 46250

Getting Around

  • 60 / 100 Moderately walkable

    Most day-to-day needs are within walking distance

  • 50 / 100 Fairly bikeable

    Somewhat suitable for bicycle commuting and/or recreation

  • 90 / 100 Exceptionally car friendly

    Excellent access to freeways and/or major arteries, with almost no chance of parking problems

Scores provided by Local Logic details

Getting to Know the Area

  • 70 / 100 Restaurants

    Variety of restaurants within a few minutes

  • 40 / 100 Cafes

    Some cafés within a few minutes

  • 70 / 100 Nightlife

    Several bars within a few minutes

  • 70 / 100 Shopping

    Several shops within a few minutes

  • 40 / 100 Parks

    Moderate amount of park space nearby

  • 60 / 100 Noise Level

    Few sources of noise nearby

Scores provided by Local Logic

Frequently Asked Questions about The Preserve on Allisonville Townhomes

Where is The Preserve on Allisonville Townhomes located?

The Preserve on Allisonville Townhomes is located at 5830 River Wood Dr near the Castleton area of Indianapolis, IN

What is the current rent range at The Preserve on Allisonville Townhomes?

2 Bedroom to 3 Bedroom Apartments at The Preserve on Allisonville Townhomes currently range from $1,665 to $3,109

When is the leasing office open?

  • The office Hours for The Preserve on Allisonville Townhomes are
  • Monday 10:00 am–6:00 pm
  • Tuesday 10:00 am–6:00 pm
  • Wednesday 10:00 am–6:00 pm
  • Thursday 10:00 am–6:00 pm
  • Friday 10:00 am–6:00 pm
  • Saturday Closed
  • Sunday Closed

Are pets allowed?

Call us today to find out our pet policy and if we allow pets

Are there any rent specials?

The current rent special at The Preserve on Allisonville Townhomes is: $750 Off First Month's Rent! End Summer on a High Note! Apply Today! A $750 rent credit will be applied to the first full month’s rent on new leases of 10 months or longer. To qualify, applicants must apply on or after 8/26/26 and move in by 9/29/26. Offer is subject to approval and may be modified or discontinued at any time..

Lifestyle Ratings

  • Affordability Nice Value3.0

    The The Preserve on Allisonville Townhomes Apartments are 14.7% cheaper than the average apartment in the Castleton area, and 17.1% cheaper than the average apartment city-wide.

    Rent Comparison to the Castleton Neighborhood

    FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
    3 Bedroom$1,665$1,953-$288-14.7%

    Rent Comparison to the city of Indianapolis

    FloorplanLowest Price HereCity Average RentCost Difference%
    3 Bedroom$1,665$2,009-$344-17.1%

    Methodology: On 09/08/2026, ApartmentHomeLiving.com compared current rents by floorplan to 16 other apartment communities in the immediate area around The Preserve on Allisonville Townhomes (Castleton), and 546 other apartment communities in Indianapolis using today’s up-to-date pricing using the sum/count averaging formula. This data will be updated in real-time as prices fluctuate.

    Rent Pricing Data as of 09/08/2026

Learn more about Lifestyle SearchExplore Lifestyle Search in Indianapolis

Renters Reviews and Ratings

2.2
5 Renters Reviews

Worst Place I have ever lived

February 11, 2020 - Review from Apartments.com
This became the worst place I have ever lived when this place changed from Riverwood to the Preserve . The Preserve does NOT care about it residents and allows unreasonalbe wait time for necessary apartment maintenance. I waited over 6 months for them to fix a window their team broke while tearing up the backyard (they fixed the window in January).

Do not move here (2018 Review)

December 2, 2018 - Review from Apartments.com
1. No parking for tenants (expect to walk pass 20 cars or a new street to your car 2. Landlord allows tenants to occupy visitor parking spots or their family/friends to occupy it for 2 months and counting 3. October 2018, 2 cars got their tires stolen so a total of 4 tires stolen on one night 4. Tenants are allowed to smoke in their units, prepare to smell like cigarette smoke 5. There is no security in this area 6. When we first moved in they leased us an apartment that wasn’t livable, so we ...
had to push our move in date and get a new apartment unit 7. New management charges you when you pay rent online, the fee is in the 20’s. 8. Expensive apartment that’s not worth the trouble
Read More

Property Manager Responded

December 3, 2018
Hello, We appreciate your feedback. Wilkinson Asset Management is the management company for The Preserve on Allisonville and we are here to help. We apologize in advance for property concerns. The Wilkinson Asset Management teams are committed to providing our customers with a hassle-free living experience and would love the opportunity to help you resolve your concern today. We want to hear from you and can be reached at CustomerCare@wfocliving.com or at 866-914-2403. Thank you.?

Riverwood apartment homes

August 9, 2015 - Review from Apartments.com
We have lived here for 2 years. There have been four different companies that have owned the complex so things were a bit annoying at times. Now they are very good about doing repairs and regular maintenance on the apartments as needed. They are older units, with older appliances and in need of some definite upgrading, but great space and nice wooded property for a great price. We have had our roof leak, shower leaks, washing machine leak, and other small issues. These are old building so things ...
do go wrong more often; they are good about making repairs now. I haven't found anyhting in this area for the price and 3 bedroom tow home styl with 2 1/2 baths; for that it is worth it to us. Quiet neighboorhood and pretty safe for the most part. Other than the maintenance issues with the apartment we have enjoyed living here, especially with a beautiful woods and wildlife out our back porch. We have owls, deer, raccoons, and even humming birds that come to my feeder ;)
Read More

Its been a while since I've lived here.

August 6, 2015 - Review from Apartments.com
I lived here back in 2005-2006. This place is at the perfect location in Castleton. The worst thing that I can remember about living here, is the parking. Other than that, the neighborhood is quiet, and friendly staff.

Riverwood

August 6, 2015 - Review from Apartments.com
Not badly priced but not the best place to live. Layout is weird doesn't flow well.

Nearby Schools

Lawrence Central High School

M S D Lawrence Township
7300 East 56th Street
Public School - Grades 9-12 (2517 Students)
In Attendance Zone10 minute drive / 4.9 miles away
4/10

Belzer Middle School

M S D Lawrence Township
7555 East 56th Street
Public School - Grades 6-8 (1119 Students)
In Attendance Zone11 minute drive / 5.2 miles away
3/10

Mary Evelyn Castle Elementary School

M S D Lawrence Township
8502 East 82nd Street
Public School - Grades K-5 (778 Students)
In Attendance Zone6 minute drive / 2.9 miles away
5/10
School data provided by GreatSchools.
details
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on scale of 1 (below average) and to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider needs as part of the school selection process.

About GreatSchools Data on ApartmentHomeLiving.com.

Points of Interest

Time and distance from The Preserve on Allisonville Townhomes.

Arts Museums and Landmarks

Indianapolis Museum of Art

4000 Michigan Road
18 minute drive / 8.77 miles away

Children's Museum of Indianapolis

3000 N. Meridian St.
19 minute drive / 8.87 miles away

Warren Performing Arts Center

9500 East 16th Street
20 minute drive / 9.75 miles away

Big Box and Retail

Walgreens

9610 Allisonville Rd
1 minute drive / 0.57 miles away

Petsmart

5151 E 82nd St
3 minute drive / 1.27 miles away

Carmax

9750 N Gray Rd
3 minute drive / 1.28 miles away

Colleges and Universities

Butler University

4600 Sunset Ave
16 minute drive / 7.61 miles away

Ivy Tech Community College - Downtown Indianapolis Campus

50 West Fall Creek Pkwy
19 minute drive / 9.26 miles away

Marian University

3200 Cold Spring Rd
21 minute drive / 10.01 miles away

Groceries

Kroger

5810 E 71st St
5 minute drive / 2.42 miles away

Meijer

1424 W Carmel Dr
12 minute drive / 5.75 miles away

The Fresh Market

5415 N College Ave
13 minute drive / 6.19 miles away

Hospitals

Community Hospital North

7150 Clearvista Dr
5 minute drive / 1.99 miles away

Fairbanks Alcohol & Drug Addiction Treatment Center

8102 Clearvista Parkway
4 minute drive / 2.02 miles away

Options Behavioral Health System

5602 Caito Drive
9 minute drive / 4.63 miles away

Military Bases

Naval Avionics Center

18 minute drive / 8.82 miles away

Parks and Recreation

Climb Time Indy

8750 Corporation Drive
5 minute drive / 1.67 miles away

Caribbean Cove

3850 Depauw Boulevard
17 minute drive / 8.26 miles away

SpaceQuest Planetarium

3000 N Meridian St
19 minute drive / 8.87 miles away

The Preserve on Allisonville Townhomes has 4 parks within 10.4 miles, including Climb Time Indy, Caribbean Cove, SpaceQuest Planetarium, and Benjamin Harrison House.

Restaurants and Dining

Loon Lake Lodge

6880 E 82nd St
4 minute drive / 1.5 miles away

H20 Sushi

1912 Broad Ripple Avenue
10 minute drive / 4.69 miles away

3 Sisters Cafe

6360 N. Guilford Ave
10 minute drive / 5.1 miles away

Shopping Centers

96th Street Station

9546 Allisonville Rd
1 minute drive / 0.39 miles away

Castle Glen

8708-8714 Castle Creek Parkway Dr E
1 minute drive / 0.4 miles away

Castle Creek Plaza

8603-8617 Allisonville Rd
1 minute drive / 0.46 miles away

The Preserve on Allisonville Townhomes has 5 shopping centers within 0.6 miles.

Nearby Neighborhoods

Roxbury

Studio to 4 Bedroom Apartments from $815
View Rentals

Castle Knoll Farms

Studio to 3 Bedroom Apartments from $815
View Rentals

Castleton

Studio to 3 Bedroom Apartments from $405
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Indianapolis Studio Apartments $1,224$556$10,000+
Indianapolis 1 Bedroom Apartments $1,385$543$5,484
Indianapolis 2 Bedroom Apartments $1,664$650$10,000+
Indianapolis 3 Bedroom Apartments $2,009$795$8,185
Indianapolis 4 Bedroom Apartments $2,377$600$8,291
Indianapolis 5 Bedroom Apartments $5,394$2,192$10,000+

Browse Top Apartments in Indianapolis

Viewing: The Preserve on Allisonville Townhomes | Desktop Version | Listing Updated: 09/07/2026 | AHLDIA