Cheap Apartments for Rent in the Reagan Park Neighborhood of Indianapolis, IN from $543 (84 Rentals)

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

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property at 2415 Broadway St

$1,095 - $1,150

1 Bedroom Rentals

Available Now

2415 Broadway St

IndianapolisIN46205

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property at 349 W 28th St

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

3 Bedroom, 1 Bath Home for Rent

Available Now

349 W 28th St

IndianapolisIN46208
property at 537 E 11th St

$1,450

1 Bedroom Rentals

Available Now

537 E 11th St

IndianapolisIN46202
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Windsor
Studio to 1 Bedroom Apartments

Windsor

1235 N Delaware StIndianapolis, IN 46202
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The Jordan
Studio to 1 Bedroom Apartments

The Jordan

1445 N Delaware StIndianapolis, IN 46202
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Barbee
1 Bedroom Apartments

Barbee

1215 N Pennsylvania StIndianapolis, IN 46202
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PICCADILLY
Studio to 3 Bedroom Apartments

PICCADILLY

28 E 16th StIndianapolis, IN 46202

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Learn about Indianapolis and the best places to live with original content written by our Local Expert Wendy Melton

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The Harrison
Studio to 1 Bedroom Apartments

The Harrison

1320 N Delaware StIndianapolis, IN 46202
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Traymore Apartments
Studio to 2 Bedroom Apartments

Traymore Apartments

1402 N Alabama StIndianapolis, IN 46202
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St. Regis
Studio to 2 Bedroom Apartments

St. Regis

26 E 14th StIndianapolis, IN 46202
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The Whitaker
1 to 2 Bedroom Apartments

The Whitaker

1504 N Pennsylvania StIndianapolis, IN 46202
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Madison Apartments
1 to 2 Bedroom Apartments

Madison Apartments

226 E 12th StIndianapolis, IN 46202
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Utomin Apartments
Studio to 2 Bedroom Apartments

Utomin Apartments

1112 N College AveIndianapolis, IN 46202
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Monon Lofts
1 to 2 Bedroom Apartments

Monon Lofts

1122 E 16th StIndianapolis, IN 46202
  • Utilities Included

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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 1 Bed unit found at Central @ 29 priced from $543. INDY FLATS has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here are the most affordable Reagan Park apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Central @ 291 Bedroom - A1BR,1BA$543
INDY FLATSSherwood Std DStudio,1BA$675
The Sheldrake ApartmentsStudio HybridStudio,1BA$705
1733 N. Meridian1BR1BR,1BA$780
St. RegisThe Pierre1BR,1BA$793
Priscilla on PennsylvaniaStudio- 1st Floor CornerStudio,1BA$799
Parkview Apartments LLC1 Bedroom 1 Bath - 633351BR,1BA$865
1010 CentralLoft 50%1BR,1BA$934
College Manor1 BR1BR,1BA$995
The Washington2 Bedroom2BR,1BA$1,025

Best Value Apartments for Rent in Reagan Park, IN

As of August 25, 2026 the best value apartment in the Reagan Park area is the $1.00 price per square foot 2 Beds, 1 Baths Model at 1902 N Talbott St in the in the Near North Indianapolis neighborhood starting from $1,250. The second greatest value Reagan Park apartment is the Two Bed Two Bath Model at 2131 North starting at $1,535 with a $1.34 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.
1902 N Talbott St2 Beds, 1 Baths2BR,1BA$1.00
2131 NorthTwo Bed Two Bath2BR,2BA$1.34
1621 Broadway St, Unit Holy Life MBC apartments1621 Broadway St2BR,1BA$1.44
Van DykeVan Dyke 1B 8301BR,1BA$1.55
1733 N. Meridian1BR1BR,1BA$1.04
The Washington2 Bedroom2BR,1BA$1.47
College Manor1 BR1BR,1BA$1.49
Central @ 291 Bedroom - ADA1BR,1BA$1.49
Parkview Apartments LLC0 Bedroom 1 Bath - 35087Studio ,1BA$1.56
The Sheldrake ApartmentsStudio HybridStudio ,1BA$1.55

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 $1,025.

What is the price of a cheap apartment in Reagan Park?

The cheapest apartment in Reagan Park is Central @ 29 which is listed at $543, while the average apartment in Reagan Park costs $1,305.

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 43 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 $151 which is $1,154 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.

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