
Cheap Apartments for Rent in the Oakhill Neighborhood of Indianapolis, IN from $500 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in the Oakhill area of Indianapolis.


The Commons on 25th

2060 N Delaware St, Unit 6

Total Monthly Price
2943 Schofield Ave, Unit 2943

2060 N Delaware St, Unit 10

2356 N Arsenal Ave

The Domino

3241 Guilford Ave
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Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

The Delaware Apartments

3326 Ruckle St, Unit Rear Apartment

The Grounds

Charmwood Terrace

VILLAGE AT FALL CREEK

727 Fairfield Ave

Hopeside I

The Regal Apartments
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Birchwood Place

3286 Hovey St

Stetson Senior Apartments

3502 Brouse Ave

Broadway Heights

3233 Ralston Ave

3151 N New Jersey St

Morton School Senior Apartments
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2722 Dr Andrew J Brown Ave

3207 N Arsenal Ave

3558 N Washington Blvd

2141 Bellefontaine St

3370 N College Ave

3110 Guilford Ave

728 E 34th St

3290 Ralston Ave
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711 E 33rd St
Oakhill, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Oakhill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oakhill Studio Apartments | $1,242 | $799 | $1,400 |
| Oakhill 1 Bedroom Apartments | $1,449 | $879 | $2,168 |
| Oakhill 2 Bedroom Apartments | $1,677 | $750 | $2,617 |
| Oakhill 3 Bedroom Apartments | $2,271 | $975 | $4,739 |
| Oakhill 4 Bedroom Apartments | $2,544 | $1,349 | $4,484 |
Browse Apartments in this Neighborhood
There are currently 33 rentals with your search options within a 1 mile radius of the Oakhill Neighborhood of Indianapolis, IN.
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Oakhill, Indianapolis, IN Local Guide
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Cheapest Available Oakhill Apartments for Rent
 The cheapest available apartment rental in the Oakhill area of Indianapolis, IN is a Studio unit found at The Commons on 25th priced from $799. Hopeside I has the second lowest priced unit, which is a 2 Beds apartment currently listed from $883. Here are the most affordable Oakhill apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Commons on 25th | Studio - The Enclave | Studio,1BA | $799 |
| Hopeside I | 2.2-40%-H | 2BR,2BA | $883 |
| The Domino | The Spark I | Studio,1BA | $995 |
| The Delaware Apartments | Cedar | Studio,1BA | $1,175 |
| The Grounds | The Jazz | Studio,1BA | $1,299 |
| The Row | The Station - 1D | 1BR,1BA | $1,475 |
Best Value Apartments for Rent in Oakhill, IN
As of July 16, 2026 the best value apartment in the Oakhill area is the $1.50 price per square foot 2945 Schofield Ave Model at 2945 Schofield Ave, Unit 2945 in the in the Martindale neighborhood starting from $1,800. The second greatest value Oakhill apartment is the 3326 Ruckle St Model at 3326 Ruckle St, Unit Rear Apartment starting at $1,250 with a $1.19 price per square foot in the Martindale neighborhood. Here is today’s list of the best values for Oakhill apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2945 Schofield Ave, Unit 2945 | 2945 Schofield Ave | 4BR,2BA | $1.50 |
| 3326 Ruckle St, Unit Rear Apartment | 3326 Ruckle St | 1BR,1.5BA | $1.19 |
| Hopeside I | 2.2-50% | 2BR,2BA | $1.20 |
| The Row | The Switch - 1C | 1BR,1BA | $2.12 |
| The Grounds | The Bustle | 1BR,1BA | $2.32 |
| 2943 Schofield Ave, Unit 2943 | 2943 Schofield Ave | 2BR,1BA | $1.47 |
| The Delaware Apartments | Buttonwood | Studio ,1BA | $2.15 |
| The Domino | The Spark III | Studio ,1BA | $2.94 |
| The Commons on 25th | Studio - The Enclave | Studio ,1BA | $2.09 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Pet Friendly LifestyleOakhill, Indianapolis, IN
Ranked #223
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Oakhill Apartments
What is a cheap apartment in Oakhill?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Oakhill is under $1,475.
What is the price of a cheap apartment in Oakhill?
The cheapest apartment in Oakhill is New Bridge which is listed at $889, while the average apartment in Oakhill costs $1,888.
What types of apartments are the cheapest in Oakhill?
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 6 regular apartments in Oakhill 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 Oakhill?
Cheap apartments in Oakhill have an average cost of $151 which is $1,737 cheaper than the average rent for all rentals in Oakhill.
Expert Rental Resources
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.
Helpful Local Expert Guides

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.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips

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Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.