
Cheap Apartments for Rent in the Reagan Park Neighborhood of Indianapolis, IN from $300 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in the Reagan Park area of Indianapolis.


Indy Flats

The Washington

2043 N Talbott St

St. Agnes Apartments

The Whitaker

Traymore Apartments

Utomin Apartments

Priscilla on Pennsylvania
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.

Circle City Apartments

Maryden on Central

The Parkview

College Manor

2049 Ruckle St

1 W 28th St

Canal Square

Wesmont

9 on Canal
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!

2131 North

Wyndham Apartments

Circa Apartments

Wesley Place

Illinois Street Senior Apartments
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
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 | $1,192 | $585 | $3,650 |
Reagan Park 1 Bedroom Apartments | $1,551 | $740 | $3,793 |
Reagan Park 2 Bedroom Apartments | $2,360 | $900 | $9,991 |
Reagan Park 3 Bedroom Apartments | $3,290 | $2,289 | $6,700 |
Browse Apartments in this Neighborhood
There are currently 48 rentals with your search options within a 1 mile radius of the Reagan Park Neighborhood of Indianapolis, IN.
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Reagan Park, Indianapolis, IN Local Guide
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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 Illinois Street Senior Apartments priced from $462. 1733 N. Meridian has the second lowest priced unit, which is a 1 Bed apartment currently listed from $780. Here are the most affordable Reagan Park apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Illinois Street Senior Apartments | Studio 3 30% | Studio,1BA | $462 |
1733 N. Meridian | 1BR | 1BR,1BA | $780 |
Priscilla on Pennsylvania | Studio | Studio,1BA | $875 |
The Sheldrake Apartments | 2 Bedroom | 2BR,1BA | $900 |
Circle City Apartments | Winterhouse Studio 389 | Studio,1BA | $910 |
Van Dyke | Van Dyke Studio 463 | Studio,1BA | $970 |
Utomin Apartments | 2 Bedroon | 2BR,1BA | $975 |
The Parkview | Studios | 1BR,1BA | $1,000 |
Spink | Spink Studio 510 | Studio,1BA | $1,030 |
College Manor | 1 BR | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Reagan Park, IN
As of April 26, 2025 the best value apartment in the Reagan Park area is the $1.24 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,199. The second greatest value Reagan Park apartment is the Singapore Model at Cosmopolitan on the Canal starting at $2,213 with a $1.95 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 | 3 Bedroom 2 Bath | 3BR,2BA | $1.24 |
Cosmopolitan on the Canal | Singapore | 2BR,2BA | $1.95 |
Raleigh | Raleigh 1BTH 886 | 1BR,2BA | $1.42 |
The Sheldrake Apartments | 2 Bedroom | 2BR,1BA | $1.08 |
The Parkview | 1 Bedrooms | 1BR,1BA | $1.46 |
1733 N. Meridian | 1BR | 1BR,1BA | $1.04 |
1010 Central | Depot 60% | 1BR,1BA | $1.59 |
College Manor | 1 BR | 1BR,1BA | $1.57 |
Utomin Apartments | 2 Bedroon | 2BR,1BA | $1.50 |
Illinois Street Senior Apartments | Studio 1 40% | Studio ,1BA | $1.63 |
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Pet Friendly LifestyleReagan Park, Indianapolis, IN
Ranked #21
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 the Cheapest Studio apartment in Reagan Park?
Currently the most affordable Cheap Studio Apartment in Reagan Park is at Illinois Street Senior Apartments listed at $462.
How much is rent for a Cheap One Bedroom Reagan Park Apartment?
The lowest price for a Cheap One Bedroom Reagan Park Apartment is $780 at 1733 N. Meridian.
What is the lowest price for a Cheap Two Bedroom Reagan Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Reagan Park is starting from $900 at The Sheldrake Apartments.
What is the most affordable Reagan Park Three Bedroom Apartment?
The best deal on a cheap Reagan Park Three Bedroom Apartment rental is at The Block and starts from $2,199.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.