Two Bedroom Townhome
2 Bedrooms • 1.5 Baths • 1,024 Sq Ft
Starting at $1,430/mo
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$1,430 – $1,695/mo
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.
2 floor plans · 10 available units · Prices checked October 13, 2026
2 Bedrooms • 1.5 Baths • 1,024 Sq Ft
Starting at $1,430/mo
See all 49 units listed at The Preserve on Allisonville, including ones no longer available.
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.
| Month | Average asking rent | Lowest – highest | Units listed |
|---|---|---|---|
| Oct 2026 | $1,531 | $1,425 – $1,760 | 10 |
| Sep 2026 | $1,581 | $1,435 – $1,750 | 8 |
| Aug 2026 | $1,562 | $1,240 – $1,740 | 10 |
| Jul 2026 | $1,523 | $1,255 – $1,715 | 17 |
| Jun 2026 | $1,573 | $1,290 – $1,870 | 16 |
| May 2026 | $1,609 | $1,185 – $1,885 | 16 |
| Apr 2026 | $1,644 | $1,315 – $1,895 | 16 |
| Mar 2026 | $1,706 | $1,465 – $1,905 | 12 |
Rent
$1,430 – $1,695/moSecurity deposit
$250Lease term
12 monthsEarliest move-in
Jul 27The all-in monthly cost by apartment size, and how the rent compares across the Indianapolis area.
$1,719/mo
$289/mo above the advertised rent
Rent
$1,430
Electric, gas, water
$204
Internet
$71
Renters insurance
$14
All-in monthly
$1,719
| Size | Rent from | All-in monthly | Income 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.
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.
| Size | Median asking rent here | Indianapolis-area asking rent | Indianapolis rent paid |
|---|---|---|---|
| 2 bedrooms | $1,475 | $1,262 | $1,189 |
| 3 bedrooms | $1,695 | — | $1,354 |
Can you afford it? Rent affordability calculator for Indianapolis
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
5830 River Wood Dr, Indianapolis, IN, 46250
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.
Car-Dependent
Minimal Transit
Somewhat Bikeable
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.
| School | Type | Level | Distance |
|---|---|---|---|
God's Kids Early Learning Ministry Private · Preschool | Private | Preschool | 0.5 mi |
Trinity Wesleyan Child Care Private · Elementary | Private | Elementary | 0.6 mi |
Dynamic Minds Academy Charter · High | Charter | High | 1.4 mi |
L.I.F.E. Daycare & Preschool Ministry Private · Preschool | Private | Preschool | 1.4 mi |
Kidscape Learning Center Private · Preschool | Private | Preschool | 1.6 mi |
Allisonville Elementary School Public · Elementary | Public | Elementary | 2.0 mi |
Ays Inc. @ Allisonville Elementary Private · Preschool | Private | Preschool | 2.1 mi |
Heritage Christian School Private · High | Private | High | 2.5 mi |
Kinder Care Learning Center Private · Preschool | Private | Preschool | 2.6 mi |
East 75th Kindercare Private · Preschool | Private | Preschool | 2.6 mi |