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The Preserve on Allisonville Townhomes

- Student Housing
- 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
Property Contact Info

- Listed by:
- Agency:
- Vendor Logo:
- Website:
- View Property Website
- Call Us:
- (463) 240-1363
- Disclaimer:
Office Hours
| 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 |
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:
New! Interactive Property Map
2 Bedrooms
Two Bedroom Townhome
2 Beds, 1.5 Baths, 1024 sq ftAvailable SoonModel Gallery
Floorplans
3D Tours
Availability Details
Availability Date Unit Sq Ft Available Soon Two Bedroom Townhome 1024 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
Apartment Model: Two Bedroom TownhomeCall For Rates2 Bedroom, 1.5 Bath, 1024 sq ftAvailable SoonFloorplans3D Tours![]()
Two Bedroom Townhome - Floorplan 1 ![]()
Two Bedroom Townhome - Floorplan 2 Two Bedroom Townhome - 3D Tour Two Bedroom Townhome - 3D Tour 3 Bedrooms
Three Bedroom Townhome
From $1,665
3 Beds, 2.5 BathsAvailable NowModel Gallery
Floorplans
Availability Details
Price Availability Date Unit Sq Ft Deposit View Details $1,730 Available Now 5748RW 1271 $250 $1,665 Available Now 5813RW 1271 $250 $1,730 Available Now 5747RW 1271 $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
Apartment Model: Three Bedroom TownhomeFrom $1,6653 Bedroom, 2.5 BathAvailable Now![]()
Three Bedroom Townhome - Floorplan 1 ![]()
Three Bedroom Townhome - Floorplan 2 Apartment Unit: 5748RWApartment Model: Three Bedroom Townhome$1,7303 Bedroom, 2.5 Bath, 1271 sq ftAvailable NowApartment Unit: 5813RWApartment Model: Three Bedroom Townhome$1,6653 Bedroom, 2.5 Bath, 1271 sq ftAvailable NowApartment Unit: 5747RWApartment Model: Three Bedroom Townhome$1,7303 Bedroom, 2.5 Bath, 1271 sq ftAvailable Now
Schedule 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.
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
- Dog
- Dog FeeiMax of 2. Charged Per Pet.$250.00
- Dog RentiCharged Per Pet.$25.00/mo
- Other Pet
- Monthly Pet FeeiMonthly Pet Fee Charged Per Pet.$25.00/mo
- Pet FeeiOne Time Pet Fee Charged Per Pet.Varies/mo
None
Breed Restrictions Apply
Max of 2. | Restrictions: Breed Restrictions Apply.
Parking Fees
- Other
- Parking FeeiPreferred Parking Charged Per Vehicle.$25.00/mo
- Garage RentiCarport Charged Per Vehicle.$35.00/mo
- Covered
Additional Parking Options
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

Map
- Shopping
- Colleges
- Grocery
- Medical
- Parks

Map
Getting Around
60 / 100 Moderately walkable
50 / 100 Fairly bikeable
90 / 100 Exceptionally car friendly
Getting to Know the Area
70 / 100 Restaurants
40 / 100 Cafes
70 / 100 Nightlife
70 / 100 Shopping
40 / 100 Parks
60 / 100 Noise Level
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..
Renters Reviews and Ratings
Do not move here (2018 Review)
Property Manager Responded
Riverwood apartment homes
Its been a while since I've lived here.
Riverwood
Nearby Schools
Lawrence Central High School
Belzer Middle School
Mary Evelyn Castle Elementary School
About GreatSchools Data on ApartmentHomeLiving.com.
Points of Interest
Time and distance from The Preserve on Allisonville Townhomes.
Arts Museums and Landmarks
Big Box and Retail
Walgreens
Petsmart
Carmax
Colleges and Universities
Ivy Tech Community College - Downtown Indianapolis Campus
Groceries
Kroger
Meijer
The Fresh Market
Hospitals
Fairbanks Alcohol & Drug Addiction Treatment Center
Military Bases
Naval Avionics Center
Parks and Recreation
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
Shopping Centers
The Preserve on Allisonville Townhomes has 5 shopping centers within 0.6 miles.
Nearby Neighborhoods
Rental Price Ranges in the Area
| Bedroom | Average Rent | Cheapest Rent | Highest 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+ |
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Max of 2. | Restrictions: None.