Cheap Apartments for Rent in the Reagan Park Neighborhood of Indianapolis, IN from $500 (54 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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Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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The Harrison
Studio to 1 Bedroom Apartments

The Harrison

1320 N Delaware StIndianapolis, IN 46202
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The Marleigh
Studio to 1 Bedroom Apartments

The Marleigh

1434-1448 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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Cash 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.

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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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St. James
Studio to 2 Bedroom Apartments

St. James

2102 N Meridian 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
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Chelsea Manor
1 to 2 Bedroom Apartments

Chelsea Manor

1451 Central AveIndianapolis, IN 46202
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Stonegate Apartments
Studio to 3 Bedroom Apartments

Stonegate Apartments

1220-1226 N Illinois StIndianapolis, IN 46202
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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.

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Broadway Heights
2 Bedroom Apartments

Broadway Heights

1927 Broadway StIndianapolis, IN 46202
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Raleigh
Studio to 2 Bedroom Apartments

Raleigh

108 E 13th StIndianapolis, IN 46202
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PENN ARTS
1 to 2 Bedroom Apartments

PENN ARTS

111 E 16th StIndianapolis, IN 46202
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Van Dyke
Studio to 2 Bedroom Apartments

Van Dyke

1229 N Pennsylvania StIndianapolis, IN 46202
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The Maryden
Studio to 2 Bedroom Apartments

The Maryden

1308 Central AveIndianapolis, IN 46202
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Spink
Studio to 1 Bedroom Apartments

Spink

1433 N Pennsylvania StIndianapolis, IN 46202
property at 538 W 29th St

$1,099 - $1,349

2 To 3 Bedroom Rentals

Available Now

538 W 29th St

IndianapolisIN46208

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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. 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 ListingModel NameBed/BathPriced From
INDY FLATSSherwood Std DStudio,1BA$705
1733 N. Meridian1BR1BR,1BA$780
Priscilla on PennsylvaniaStudio- 1st Floor CornerStudio,1BA$799
The WashingtonStudioStudio,1BA$800
Parkview Apartments LLC1 Bedroom 1 Bath - 350881BR,1BA$865
Circle CityS8 Van DykeStudio,1BA$899
College Manor1 BR1BR,1BA$995
SpinkSpink 1B 5651BR,1BA$1,058
1010 CentralDepot 60%1BR,1BA$1,064
RaleighRaleigh 1B 6041BR,1BA$1,085

Best Value Apartments for Rent in Reagan Park, IN

As of July 10, 2026 the best value apartment in the Reagan Park area is the $1.67 price per square foot Two Bedrooms, One Bathroom Model at Pavilion Place in the in the Near North Indianapolis neighborhood starting from $1,495. The second greatest value Reagan Park apartment is the Van Dyke 1B 830 Model at Van Dyke starting at $1,290 with a $1.55 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.
Pavilion PlaceTwo Bedrooms, One Bathroom2BR,1BA$1.67
Van DykeVan Dyke 1B 8301BR,1BA$1.55
410 E 13th St, Unit B410 E 13th St1BR,1BA$1.62
Wyndham on DelawareThe Oxford1BR,1BA$1.75
1733 N. Meridian1BR1BR,1BA$1.04
1010 CentralDepot 60%1BR,1BA$1.45
College Manor1 BR1BR,1BA$1.49
RaleighRaleigh 1B 6041BR,1BA$1.80
SpinkSpink 1B 5651BR,1BA$1.87
Parkview Apartments LLC0 Bedroom 1 Bath - 35087Studio ,1BA$1.56

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 $1,085.

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

The cheapest apartment in Reagan Park is 1733 N. Meridian which is listed at $780, while the average apartment in Reagan Park costs $7,011.

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 38 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 $173 which is $6,838 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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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

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