Cheap Homes for Rent in Reagan Park Neighborhood of Indianapolis, IN from $700 (11 Rentals)

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Search the lowest-cost Homes available for rent right now in the Reagan Park area of Indianapolis.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Navigating the Rental Market: Tips for First-Time Renters

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Reagan Park, Indianapolis, IN Local Guide

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 ListingModel NameBed/BathPriced From
Priscilla on PennsylvaniaStudioStudio,1BA$875
The Sheldrake Apartments1 Bedroom With Den1BR,1BA$875
Circle City ApartmentsWinterhouse Studio 389Studio,1BA$910
Van DykeVan Dyke Studio 463Studio,1BA$970
The ParkviewStudios1BR,1BA$1,000

Best Value Apartments for Rent in Reagan Park, IN

As of May 12, 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 Singapore Model at Cosmopolitan on the Canal starting at $2,163 with a $1.91 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Block1 Bedroom 1 Bath1BR,1BA$1.06
Cosmopolitan on the CanalSingapore2BR,2BA$1.91
RaleighRaleigh 1BTH 8861BR,2BA$1.42
The Parkview1 Bedrooms1BR,1BA$1.46
The Sheldrake Apartments1 Bedroom With Den1BR,1BA$1.17
2131 NorthOne Bedroom1BR,1BA$1.64
Illinois Street Senior Apartments1BR 1A 60%1BR,1BA$1.68
1010 CentralGarage 60%1BR,1BA$1.70
College Manor1 BR1BR,1BA$1.57
312 E 13th St1 Bedroom1BR,1BA$1.96

Quick Rent Budget Calculator

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Frequently Asked Questions about Reagan Park

What type of rentals are currently available in Reagan Park?

There are currently 172 Apartments for Rent in Reagan Park, IN with pricing that ranges from $585 to $9,630. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Reagan Park ranging from $750 to $4,500.

What is the current price range for Rental Homes in Reagan Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Reagan Park ranges from $750 to $4,500 with an average monthly rent of $2,627.

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.

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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.

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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.

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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.

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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.