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from $585Studio to 2 Bedroom Apartments Available Now
The Sheldrake Apartments
2258 N Meridian StIndianapolis, IN 46208
Cheap Apartments for Rent in the Reagan Park Neighborhood of Indianapolis, IN from $300 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in the Reagan Park area of Indianapolis.
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from $605Studio to 1 Bedroom Apartments Contact Us For Availability
Indy Flats
1304 N Delaware StIndianapolis, IN 46202
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from $7501 Bedroom Apartments Available Jul 15
St. Agnes Apartments
1350 N Meridian StIndianapolis, IN 46202
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from $775Studio Apartments Available Jun 24
The Washington
1401 N Pennsylvania StIndianapolis, IN 46202
2043 N Talbott St
IndianapolisIN46202
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from $8451 to 2 Bedroom Apartments Available May 14
The Whitaker
1504 N Pennsylvania StIndianapolis, IN 46202
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from $875Studio Apartments Available Now
Priscilla on Pennsylvania
1309 N Pennsylvania StIndianapolis, IN 46202
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from $910Studio to 2 Bedroom Apartments Available Now
Circle City Apartments
1321 N Meridian StIndianapolis, IN 46202
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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from $950Studio Apartments Contact Us For Availability
Maryden on Central
1308 Central AveIndianapolis, IN 46202
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from $9601 Bedroom Apartments Available Jul 15
Traymore Apartments
1402 N Alabama StIndianapolis, IN 46202
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from $9752 Bedroom Apartments Available Jul 15
Utomin Apartments
1112 N College AveIndianapolis, IN 46202
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from $1,000Studio to 2 Bedroom Apartments Available Now
The Parkview
1 West 28th StIndianapolis, IN 46208
1 W 28th St
IndianapolisIN46208
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from $1,0501 to 2 Bedroom Apartments Available Now
College Manor
1450 N College AveIndianapolis, IN 46202
2049 Ruckle St
IndianapolisIN46202
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from $1,117Studio to 2 Bedroom Apartments Available Now
Canal Square
359 N West StIndianapolis, IN 46202
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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from $1,160Studio to 3 Bedroom Apartments Available Now
Circa Apartments
617 N CollegeIndianapolis, IN 46204
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from $1,1851 Bedroom Apartments Available Jul 15
Apollo & Aurora Apartments
1101 N Alabama StIndianapolis, IN 46202
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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Reagan Park - One of the Best Affordable Neighborhoods in Indianapolis
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
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Check Out Indianapolis’s Best Affordable Neighborhoods
Learn about Indianapolis and the best places to live with original content written by our Local Expert Wendy Melton
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Showing Results 1-44, Page 1 of 1
Reagan Park, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Reagan Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Reagan Park Studio Apartments | $1,167 | $585 | $3,684 |
| Reagan Park 1 Bedroom Apartments | $1,569 | $740 | $3,813 |
| Reagan Park 2 Bedroom Apartments | $2,376 | $900 | $9,630 |
| Reagan Park 3 Bedroom Apartments | $2,789 | $1,325 | $5,624 |
Browse Apartments in this Neighborhood
There are currently 44 rentals with your search options within a 1 mile radius of the Reagan Park Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Reagan Park, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
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Cheapest Available Reagan Park Apartments for Rent
The cheapest available apartment rental in the Reagan Park area of Indianapolis, IN is a Studio unit found at Priscilla on Pennsylvania priced from $875. The Sheldrake Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here are the most affordable Reagan Park apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Priscilla on Pennsylvania | Studio | Studio,1BA | $875 |
| The Sheldrake Apartments | 1 Bedroom With Den | 1BR,1BA | $875 |
| Circle City Apartments | Winterhouse Studio 389 | Studio,1BA | $910 |
| Van Dyke | Van Dyke Studio 463 | Studio,1BA | $970 |
| The Parkview | Studios | 1BR,1BA | $1,000 |
| Spink | Spink Studio 510 | Studio,1BA | $1,030 |
| College Manor | 1 BR | 1BR,1BA | $1,050 |
| Morton School Senior Apartments | Studio 60% | Studio,1BA | $1,090 |
| Illinois Street Senior Apartments | 1BR 1A 60% | 1BR,1BA | $1,149 |
| Circa Apartments | Arch | Studio,1BA | $1,160 |
Best Value Apartments for Rent in Reagan Park, IN
As of May 11, 2025 the best value apartment in the Reagan Park area is the $1.06 price per square foot 1 Bedroom 1 Bath Model at The Block in the in the Riley neighborhood starting from $1,539. The second greatest value Reagan Park apartment is the Raleigh 1BTH 886 Model at Raleigh starting at $1,255 with a $1.42 price per square foot in the Near North Indianapolis neighborhood. Here is today’s list of the best values for Reagan Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Block | 1 Bedroom 1 Bath | 1BR,1BA | $1.06 |
| Raleigh | Raleigh 1BTH 886 | 1BR,2BA | $1.42 |
| The Parkview | 1 Bedrooms | 1BR,1BA | $1.46 |
| The Sheldrake Apartments | 1 Bedroom With Den | 1BR,1BA | $1.17 |
| 2131 North | One Bedroom | 1BR,1BA | $1.64 |
| Illinois Street Senior Apartments | 1BR 1A 60% | 1BR,1BA | $1.68 |
| 1010 Central | Garage 60% | 1BR,1BA | $1.70 |
| College Manor | 1 BR | 1BR,1BA | $1.57 |
| Utomin Apartments | 2 Bedroon | 2BR,1BA | $1.50 |
| Madison Apartments | One bedroom | 1BR,1BA | $1.53 |
Quick Rent Budget Calculator
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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.
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Pet Friendly LifestyleReagan Park, Indianapolis, IN
Ranked #25
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Reagan Park Apartments
What is a cheap apartment in Reagan Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Reagan Park is under $1,160.
What is the price of a cheap apartment in Reagan Park?
The cheapest apartment in Reagan Park is Madison Apartments which is listed at $870, while the average apartment in Reagan Park costs $2,639.
What types of apartments are the cheapest in Reagan Park?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 16 regular apartments in Reagan Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Reagan Park?
Cheap apartments in Reagan Park have an average cost of $124 which is $2,515 cheaper than the average rent for all rentals in Reagan Park.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.