Oladipo averaged 14.7 points, 4.9 assists and 4.4 rebounds during a month when the Magic posted a 5-7 record, including victories over Oklahoma City and Indiana. His top individual game came when he had 30 points and a career-high 14 assists in a double-overtime win over New York.
It's the second time Oladipo has captured the monthly award. He was also Rookie of the Month for December.
Oladipo is averaging 13.9 points a game, second only to Michael Carter-Williams of the Philadelphia 76ers among all rookies. He had not missed a game all season until a sore left ankle kept him out of uniform Wednesday night against the Houston Rockets.
Memphis' Nick Calathes was the winner of the award for the Western Conference.