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The Preserve on Allisonville 1 of 2

The Preserve on Allisonville

$1,430 – $1,695/mo

  • 2–3 bedrooms
  • 1.5–2.5 baths
  • 1,024–1,271 sq ft
  • 10 units available
  • Pet friendly
5830 River Wood Dr, Indianapolis, IN, 46250

As of October 13, 2026, The Preserve on Allisonville in Indianapolis, IN has 10 apartments for rent from $1,430 to $1,695/mo. Two-bedrooms start at $1,430 and three-bedrooms at $1,615. The average asking rent has fallen 10.6% since March 31, 2026, from $1,706 to $1,526.

Floor plans

2 floor plans · 10 available units · Prices checked October 13, 2026

Two Bedroom Townhome

2 Bedrooms • 1.5 Baths • 1,024 Sq Ft

Starting at $1,430/mo

7 available unitsPriceSq ftAvailableOpen unit
5755AV$1,4751,024Aug 12
5715RW$1,4801,024Oct 6
5801RW$1,4801,024Oct 16
5807AV$1,4301,024Oct 21
5735RW$1,4801,024Oct 21
5742CR$1,4751,024Oct 26
5714CR$1,4301,024Dec 19

Three Bedroom Townhome

3 Bedrooms • 2.5 Baths • 1,271 Sq Ft

Starting at $1,615/mo

3 available unitsPriceSq ftAvailableOpen unit
5813RW$1,6951,271Jul 27
5747RW$1,6951,271Oct 2
9506TV$1,6151,271Oct 21

See all 49 units listed at The Preserve on Allisonville, including ones no longer available.


Rent history

Over the past year, the average asking rent at The Preserve on Allisonville has ranged from $1,461 to $1,708. The current average is $1,526, down $180 (10.6%) from $1,706 at the start.

Prices reflect the average advertised rent across units listed as available each day (185 days observed).
MonthAverage asking rentLowest – highestUnits listed
Oct 2026$1,531$1,425 – $1,76010
Sep 2026$1,581$1,435 – $1,7508
Aug 2026$1,562$1,240 – $1,74010
Jul 2026$1,523$1,255 – $1,71517
Jun 2026$1,573$1,290 – $1,87016
May 2026$1,609$1,185 – $1,88516
Apr 2026$1,644$1,315 – $1,89516
Mar 2026$1,706$1,465 – $1,90512

Fees & lease terms

  • Rent

    $1,430 – $1,695/mo
  • Security deposit

    $250
  • Lease term

    12 months
  • Earliest move-in

    Jul 27

Cost to rent here

The all-in monthly cost by apartment size, and how the rent compares across the Indianapolis area.

Lowest-priced apartment: Two Bedroom Townhome at $1,430

$1,719/mo

$289/mo above the advertised rent

  • Rent

    $1,430

  • Electric, gas, water

    est.

    $204

  • Internet

    est.

    $71

  • Renters insurance

    est.

    $14

  • All-in monthly

    $1,719

By apartment size

SizeRent fromAll-in monthlyIncome to qualify
2 bedrooms$1,430$1,719$51,480/yr
3 bedrooms$1,615$1,989$58,140/yr

Landlords commonly look for a monthly income of three times the rent, about $51,480 a year for the $1,430 two-bedroom. The median renter household in Indianapolis earns $46,182 a year.

Compared with the Indianapolis area

The median two-bedroom at The Preserve on Allisonville asks $1,475 a month, 17% above the Indianapolis area's typical two-bedroom asking rent of $1,262. Typical asking rents across the area are down 0.4% from a year earlier.

SizeMedian asking rent hereIndianapolis-area asking rentIndianapolis rent paid
2 bedrooms$1,475$1,262$1,189
3 bedrooms$1,695—$1,354
Area asking rent: typical rent asked for a new lease across the Indianapolis-Carmel-Greenwood, IN metro, Apartment List Rent Estimates, August 2026.Rent paid: median rent including utilities across all renter households in Indianapolis, U.S. Census Bureau American Community Survey, 2020–2024.
Rows marked “est.” are averages for this area scaled to the apartment, not quotes from the property. The income figure is a common screening rule, not this property’s requirement.

Amenities

  • 24-Hour Emergency Maintenance

  • Air Conditioning

  • Amazon Hub

  • Black Appliances*

  • Business Center

  • Clubhouse

  • Dishwasher

  • Dog Park

  • Fireplace*

  • Fitness Center

  • Glass Tile Backsplash*

  • Granite Countertops*

  • Non-Smoking Community

  • Online Resident Portal

  • Onsite Management

  • Outdoor Grilling Station

  • Playground

  • Private Balcony Or Patio

  • Private Entrance

  • Stainless-Steel Appliances*

  • Sundeck

  • Swimming Pool

  • Vinyl Plank Floors*

  • Walk-In Closets

  • Washer & Dryer

  • Washer & Dryer Connections

  • Granite Countertops

  • Microwave

  • Modern White Cabinets

  • Stainless Steel Appliances

  • Tile Backsplash

  • Vinyl Plank Flooring


Location

5830 River Wood Dr, Indianapolis, IN, 46250


Resident reviews

3.2 · 100+ reviews
Overall rating
Positive
Mixed
Neutral
Negative
Management4.1
Maintenance3.7
Location4.5
Amenities and Shared Spaces4.0
Building Quality3.3

The Preserve on Allisonville receives mixed reviews reflecting a divided resident experience. While many residents praise responsive office staff, helpful leasing support, and quick maintenance response times, others report significant issues including outdated unit conditions, pest problems, high utility costs, parking limitations, and inconsistent maintenance follow-through. Long-term residents tend to rate the property favorably, whereas those experiencing maintenance delays or move-out disputes express strong dissatisfaction.

Management responsiveness and communication quality vary significantly at this property. While some residents consistently praise office staff for friendliness and helpfulness, others report delayed maintenance responses (2-4 weeks), unresolved billing discrepancies, and difficulty reaching management by phone. Staff turnover has affected service consistency, though certain team members are frequently noted for strong communication and problem-solving.

Maintenance response times vary significantly, with some residents reporting quick service while others experienced delays of 2-4 weeks for basic repairs. Common issues include plumbing problems that require multiple visits, HVAC failures, and appliance malfunctions present at move-in. While some residents praise responsive maintenance staff, others report incomplete repairs, lack of follow-up on work orders, and poor communication from management regarding maintenance scheduling and completion status.

The property benefits from a convenient location near shopping, restaurants, and major routes, which residents consistently praise. Parking can be challenging during peak times and may require walking from distant spaces. The surrounding area is generally quiet and peaceful, though some residents note the wooded setting requires comfort with natural surroundings.

Residents report mixed experiences with amenities and shared spaces. Positive feedback highlights the clubhouse, workout room, and free Wi-Fi, with generally responsive maintenance. However, recurring concerns include parking availability and snow removal inconsistency, aging infrastructure in common areas, and pest management issues in shared outdoor spaces.

The building shows mixed conditions with significant structural and maintenance concerns reported by residents. Multiple reviews cite issues with flooring quality, water intrusion, pest problems, and air conditioning reliability. While some residents noted the complex maintains clean common areas and grounds, interior unit conditions—including low-quality finishes, cracks, and water damage—are recurring complaints that suggest deferred maintenance and quality control gaps.

Summaries are written by AI from reviews residents posted on public review sites such as Google and ApartmentRatings. Each topic shows how many of those reviews discuss it.

Getting around

Car-Dependent

Minimal Transit

Somewhat Bikeable


About this property

The Preserve on Allisonville offers townhome style townhomes in Castleton Indianapolis, IN in Marion County with the finest amenities. Visit our website for more information.


Nearby schools

SchoolTypeLevelDistance

God's Kids Early Learning Ministry

Private · Preschool
PrivatePreschool0.5 mi

Trinity Wesleyan Child Care

Private · Elementary
PrivateElementary0.6 mi

Dynamic Minds Academy

Charter · High
CharterHigh1.4 mi

L.I.F.E. Daycare & Preschool Ministry

Private · Preschool
PrivatePreschool1.4 mi

Kidscape Learning Center

Private · Preschool
PrivatePreschool1.6 mi

Allisonville Elementary School

Public · Elementary
PublicElementary2.0 mi

Ays Inc. @ Allisonville Elementary

Private · Preschool
PrivatePreschool2.1 mi

Heritage Christian School

Private · High
PrivateHigh2.5 mi

Kinder Care Learning Center

Private · Preschool
PrivatePreschool2.6 mi

East 75th Kindercare

Private · Preschool
PrivatePreschool2.6 mi

Contact & management