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$595 - $930Studio 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 $500 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in the Reagan Park area of Indianapolis.
2846-2846 Dr Andrew J Brown Ave
IndianapolisIN46205
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$705 - $985Studio to 2 Bedroom Apartments Available Now
INDY FLATS
1304 N Delaware StIndianapolis, IN 46202
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$740 - $820Studio to 1 Bedroom Apartments Available Now
St. Agnes Apartments
1350 N Meridian StIndianapolis, IN 46202
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146 E 19th St
IndianapolisIN46202
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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.
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$899Studio Apartments Available Now
Priscilla on Pennsylvania
1309 N Pennsylvania StIndianapolis, IN 46202
2914 Winthrop Ave
IndianapolisIN46205
358 W 26th St
IndianapolisIN46208
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$910 - $2,083Studio to 2 Bedroom Apartments Available Now
Circle City Apartments
1321 N Meridian StIndianapolis, IN 46202
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Rent Specials
$956 - $1,3861 to 2 Bedroom Apartments Available Now
1010 Central
1010 Central AveIndianapolis, IN 46202
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$990 - $1,1501 to 2 Bedroom Apartments Available Now
College Manor
1450 N College AveIndianapolis, IN 46202
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$1,000 - $1,800Studio to 2 Bedroom Apartments Available Now
The Parkview
1 West 28th StIndianapolis, IN 46208
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
306 E 19th St
IndianapolisIN46202
2617 Shriver Ave
IndianapolisIN46208
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$1,085 - $1,2101 Bedroom Apartments Available Now
Apollo & Aurora Apartments
1101 N Alabama StIndianapolis, IN 46202
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$1,099 - $2,249Studio to 2 Bedroom Apartments Available Now
Wesmont
1515 Lewis StIndianapolis, IN 46202
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Studio to 2 Bedroom Apartments
Northside Flats Apartments
1503 N Pennsylvania StIndianapolis, IN 46202
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The Art of the Rental Viewing: What to look for during a property tour
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.
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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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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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Studio to 2 Bedroom Apartments
Morton School Senior Apartments
2101 N College AveIndianapolis, IN 46202
Showing Results 1-48, 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 | $1,028 | $595 | $1,450 |
| Reagan Park 1 Bedroom Apartments | $1,298 | $700 | $2,168 |
| Reagan Park 2 Bedroom Apartments | $1,705 | $824 | $2,617 |
| Reagan Park 3 Bedroom Apartments | $2,216 | $1,300 | $3,499 |
| Reagan Park 4 Bedroom Apartments | $3,779 | $3,058 | $4,500 |
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.
See all Apartments in IndianapolisExplore Indianapolis
Reagan Park, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
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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 The Sheldrake Apartments priced from $700. INDY FLATS has the second lowest priced unit, which is a Studio apartment currently listed from $705. Here are the most affordable Reagan Park apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Sheldrake Apartments | Studio Hybrid | Studio,1BA | $700 |
| INDY FLATS | Sherwood Std D | Studio,1BA | $705 |
| St. Agnes Apartments | 5th Floor Studio Large | Studio,1BA | $785 |
| Priscilla on Pennsylvania | Studio- 1st Floor Corner | Studio,1BA | $899 |
| 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 December 25, 2025 the best value apartment in the Reagan Park area is the $0.87 price per square foot 2322 Guilford Ave Model at 2322 Guilford Ave, Unit A in the in the Martindale neighborhood starting from $1,300. The second greatest value Reagan Park apartment is the F Model at Townhomes at Fall Creek Place starting at $1,626 with a $1.61 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. |
|---|---|---|---|
| 2322 Guilford Ave, Unit A | 2322 Guilford Ave | 3BR,1BA | $0.87 |
| Townhomes at Fall Creek Place | F | 2BR,1BA | $1.61 |
| Pavillion | Two Bedrooms, One Bathroom | 2BR,1BA | $1.41 |
| 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 |
| 1010 Central | Garage 60% | 1BR,1BA | $1.70 |
| College Manor | 1 BR | 1BR,1BA | $1.48 |
| Traymore Apartments | One Bedroom | 1BR,1BA | $1.60 |
| The Sheldrake Apartments | Studio Hybrid | Studio ,1BA | $1.54 |
Don'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.
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The 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 ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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.
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If you’re an expert on all things Reagan Park, tell us what you love (and don't) by rating it and writing a review.
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Pet Friendly LifestyleReagan Park, Indianapolis, IN
Ranked #81
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 $3,779.
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 60 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 $260 which is $3,519 cheaper than the average rent for all rentals in Reagan Park.
Expert Rental Resources
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.
Articles, How-To's, and Tips
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.
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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.