I think you will have to come up with another project idea...
1) Most aquarium fish live at least a couple of years if properly cared for. This is just a science project. Unless you want to take on the upkeep of these guys probably until you leave for college (and then maybe some after that), don't get fish.
2) The small tanks you have in mind actually require far more upkeep than a decent-size tank. (29g and up). This is because it is much harder to keep the water chemistry stable in a smaller tank.
3) Water chemistry affects fish FAR more than available oxygen in the water. Maintaining proper water chemistry in a tank with significant stock (to avoid killing the fish with Ammonia poisoning) requires one of two things:
A) VERY frequent water changes. (We are talking 3-10 times per week here)
B) Proper filtration.
Unfortunately for you, both of those things will completely screw up your experiment, as changed water will remove/replace anything your plants may have done to the O2 levels, and all cheap filtration methods are either powered by an air pump or will agitate the water surface, which will ALSO mess up your oxygen levels.
In real, live, fish tanks, most of the oxygen is provided by exchange that takes place at the water's surface. (We'll leave air-breathing fish like Bettas out of it for now.) In lightly-stocked non-tropical tanks, you can get away with no artificial agitation. However, in pretty much all tropical tanks (warmer water has a lower dissolved oxygen content), the surface of the water is continually agitated via either an air pump or water pump on a filter. While plants can be beneficial to water chemistry, they really don't do much for the oxygen content...
If you still want fish...
Maybe instead of fooling around with plants and O2 levels, you could perform breeding experiments with Guppies... Find recessive and dominant traits between male and female pairs. Such an experiment would still require work, but you could get away with several fairly small (and cheap) tanks, since you would have to mate up individual pairs for this to work. For filtration, you could use one small cycled sponge filter in each tank powered by a single decent-sized air pump that would take care of all the tanks.
SirWired