
Cheap Homes for Rent in Oaklandon Neighborhood of Indianapolis, IN from $1,100 (29 Rentals)
Search the lowest-cost Homes available for rent right now in the Oaklandon area of Indianapolis.


10019 Catalina Dr

4053 Arquette Dr

4741 N Longworth Ave

8161 Schoen Dr

8161 Schoen Dr

3929 Roundwood Dr
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

3914 Marietta Ct

8524 Georgiana Ln

7926 E 35th St

10644 Lostpine Ln

3926 Malibu Dr

7533 Placing Rd

8515 Georgiana Ln
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

3831 Ireland Dr

9920 Montery Rd

9131 Breen Ct

3902 N Mitthoefer Rd

8209 E 37th Pl

4769 N Mitchner Ave

4769 N Mitchner Ave
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

Furnished Studio-Indianapolis - Castleton

4026 Baker Dr

3755 N Wittfield St

9318 Kingsboro Cir

8308 E 35th Pl

4020 Crabtree Ct

8231 E 50th St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

10206 Meadowlark Dr
Oaklandon, Indianapolis, IN Local Guide

How much does it cost to rent a home in Oaklandon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oaklandon 2 Bedroom Homes for Rent | $1,281 | $1,190 | $1,550 |
| Oaklandon 3 Bedroom Homes for Rent | $1,604 | $1,115 | $2,200 |
| Oaklandon 4 Bedroom Homes for Rent | $1,896 | $1,150 | $2,739 |
Browse Homes for Rent in this Neighborhood
There are currently 29 rentals with your search options within a 3 mile radius of the Oaklandon Neighborhood of Indianapolis, IN.
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Oaklandon, Indianapolis, IN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Franklin Studios | Studio | Studio,1BA | $725 |
| Autumn Trails Apartments | The Maple | Studio,1BA | $749 |
| Serenity Park Apartments | Serenity Park - Cozy, Convenient, and Priced Ri... | 1BR,1BA | $769 |
| Spanish Oaks | Studio | Studio,1BA | $799 |
| Brookhaven Apartments | 1 Bed 1 Bath | 1BR,1BA | $825 |
| Kingston Square Apartments | The Ash | Studio,1BA | $829 |
| M Club Apartments | A1 | 1BR,1BA | $835 |
| Willowood East | One Bed One Bath | 1BR,1BA | $845 |
| The Life at Harrison Trails | 1 BED 1 BATH B | 1BR,1BA | $859 |
| Timber Point Apartments | The Bonelli | 2BR,2BA | $865 |
Best Value Apartments for Rent in Oaklandon, IN
As of December 26, 2025 the best value apartment in the Oaklandon area is the $1.12 price per square foot 2 BR / 1.5 BA Model at Shadeland Terrace Townhomes w/Full Basements in the in the Southeast Indianapolis neighborhood starting from $1,450. The second greatest value Oaklandon apartment is the 2 Bed 1 Bath Model at Brookhaven Apartments starting at $1,075 with a $0.91 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Oaklandon apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Shadeland Terrace Townhomes w/Full Basements | 2 BR / 1.5 BA | 2BR,1.5BA | $1.12 |
| Brookhaven Apartments | 2 Bed 1 Bath | 2BR,1BA | $0.91 |
| Carriage House East | 3 Bedroom Townhome Empowerment | 3BR,1.5BA | $1.37 |
| Apartments @ Marten Court | 2x1 with washer/dryer | 2BR,1BA | $1.15 |
| The Reserve at Franklin Glenn I LP | Soon Available: Your Perfect Home Awaits | 2BR,2BA | $1.39 |
| Lawrence Landing | One Bedroom | 1BR,1BA | $1.10 |
| Timber Point Apartments | The Ashland | 1BR,1BA | $1.08 |
| The Lenox Apartment Homes | 1 Bed 1 Bath Apartment - Renovated | 1BR,1BA | $1.32 |
| The Life at Harrison Trails | 1 BED 1 BATH A (LOFT) | 1BR,1BA | $1.39 |
| Serenity Park Apartments | Serenity Park - Cozy, Convenient, and Priced Ri... | 1BR,1BA | $1.29 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 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 LifestyleOaklandon, Indianapolis, IN
Ranked #110
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Oaklandon, Indianapolis, IN
School data provided by Great Schools
Frequently Asked Questions about Oaklandon
What type of rentals are currently available in Oaklandon?
There are currently 75 Apartments for Rent in Oaklandon, IN with pricing that ranges from $725 to $2,965. There are also 104 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oaklandon ranging from $1,115 to $2,739.
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 $1,115 to $2,739 with an average monthly rent of $1,593.
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 $1,170 to $2,738, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,115 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,150 and Four Bedroom Apartments start at $975.
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.
Articles, How-To's, and Tips

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.

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.