
Cheap Apartments for Rent in the Reagan Park Neighborhood of Indianapolis, IN from $300 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in the Reagan Park area of Indianapolis.


The Sheldrake Apartments

INDY FLATS

2846-2846 Dr Andrew J Brown Ave

St. Agnes Apartments

The Whitaker

Priscilla on Pennsylvania

2914 Winthrop Ave
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Circle City Apartments

1010 Central

College Manor

The Parkview
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Northside Flats Apartments
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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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 | $1,011 | $581 | $1,550 |
| Reagan Park 1 Bedroom Apartments | $1,296 | $581 | $2,050 |
| Reagan Park 2 Bedroom Apartments | $1,724 | $747 | $2,617 |
| Reagan Park 3 Bedroom Apartments | $2,267 | $1,395 | $3,499 |
| Reagan Park 4 Bedroom Apartments | $5,408 | $4,298 | $6,519 |
Browse Apartments in this Neighborhood
There are currently 35 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 INDY FLATS priced from $705. The Whitaker has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here are the most affordable Reagan Park apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| INDY FLATS | Sherwood Std D | Studio,1BA | $705 |
| The Whitaker | One Bedroom | 1BR,1BA | $895 |
| Priscilla on Pennsylvania | Studio- 1st Floor Corner | Studio,1BA | $899 |
| Madison Apartments | One bedroom | 1BR,1BA | $925 |
| 1010 Central | Loft 50% | 1BR,1BA | $956 |
| Traymore Apartments | One Bedroom | 1BR,1BA | $960 |
| St. James | One Bedroom - Sublevel | 1BR,1BA | $980 |
| College Manor | 1 BR | 1BR,1BA | $990 |
| Circle City Apartments | Winterhouse Studio 410 | Studio,1BA | $995 |
| Maryden on Central | The Escape at Maryden | Studio,1BA | $1,005 |
Best Value Apartments for Rent in Reagan Park, IN
As of November 09, 2025 the best value apartment in the Reagan Park area is the $1.61 price per square foot 1924 N Talbott St Model at 1924 N Talbott St, Unit 1 in the in the Near North Indianapolis neighborhood starting from $1,700. The second greatest value Reagan Park apartment is the Raleigh 2B 1004 Model at Raleigh starting at $1,600 with a $1.59 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. |
|---|---|---|---|
| 1924 N Talbott St, Unit 1 | 1924 N Talbott St | 2BR,2.5BA | $1.61 |
| Raleigh | Raleigh 2B 1004 | 2BR,2BA | $1.59 |
| Pavillion | Two Bedrooms, One Bathroom | 2BR,1BA | $1.41 |
| Colmar Apartments | Front One Bedroom | 1BR,1BA | $1.53 |
| Van Dyke | Van Dyke 1B 830 | 1BR,1BA | $1.55 |
| The Parkview | 304 | 1BR,1BA | $1.46 |
| The Washington | 2 Bedroom | 2BR,1BA | $1.47 |
| College Manor | 1 BR | 1BR,1BA | $1.48 |
| The Whitaker | One Bedroom | 1BR,1BA | $1.49 |
| Traymore Apartments | One Bedroom | 1BR,1BA | $1.60 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Pet Friendly LifestyleReagan Park, Indianapolis, IN
Ranked #55
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet 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 $1,005.
What is the price of a cheap apartment in Reagan Park?
The cheapest apartment in Reagan Park is INDY FLATS which is listed at $880, while the average apartment in Reagan Park costs $5,408.
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 54 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 $281 which is $5,127 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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.





















