
Cheap Apartments for Rent in the Reagan Park Neighborhood of Indianapolis, IN from $500 (54 Rentals)
Search the lowest-cost Apartments available for rent right now in the Reagan Park area of Indianapolis.


Stella

The Sheldrake Apartments

INDY FLATS

St. Agnes Apartments

1733 N. Meridian

Priscilla on Pennsylvania

The Washington

Parkview Apartments LLC

2060 N Delaware St, Unit 6
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2060 N Delaware St, Unit 10

Circle City

2356 N Arsenal Ave

55 W Fall Creek Pkwy S Dr

College Manor

670 E 17th St

1010 Central

538 W 29th St

The Delaware Apartments

1661 N Talbott St, Unit 1
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Colmar Apartments

INDY INDIE ARTIST COLONY

Windsor

The Jordan

Barbee

PICCADILLY

The Harrison

The Marleigh

2831 N Kenwood Ave

Traymore Apartments
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The Rotherwood Apartments

The Victoria Apartments

The Whitaker

Madison Apartments

St. James

Utomin Apartments

Monon Lofts

Chelsea Manor

Stonegate Apartments

1839 Talbott St
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Stetson Senior Apartments

Broadway Heights

Raleigh

PENN ARTS

Van Dyke

The Maryden

Spink

Morton School Senior Apartments

538 W 29th St

Illinois Street Senior Apartments
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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 | $1,025 | $579 | $1,399 |
| Reagan Park 1 Bedroom Apartments | $1,302 | $544 | $2,250 |
| Reagan Park 2 Bedroom Apartments | $1,647 | $650 | $2,617 |
| Reagan Park 3 Bedroom Apartments | $2,609 | $799 | $4,728 |
| Reagan Park 4 Bedroom Apartments | $7,011 | $7,011 | $7,011 |
Browse Apartments in this Neighborhood
There are currently 54 rentals with your search options within a 1 mile radius of the Reagan Park Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| INDY FLATS | Sherwood Std D | Studio,1BA | $705 |
| 1733 N. Meridian | 1BR | 1BR,1BA | $780 |
| Priscilla on Pennsylvania | Studio- 1st Floor Corner | Studio,1BA | $799 |
| The Washington | Studio | Studio,1BA | $800 |
| Parkview Apartments LLC | 1 Bedroom 1 Bath - 35088 | 1BR,1BA | $865 |
| Circle City | S8 Van Dyke | Studio,1BA | $899 |
| College Manor | 1 BR | 1BR,1BA | $995 |
| Spink | Spink 1B 565 | 1BR,1BA | $1,058 |
| 1010 Central | Depot 60% | 1BR,1BA | $1,064 |
| Raleigh | Raleigh 1B 604 | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pavilion Place | Two Bedrooms, One Bathroom | 2BR,1BA | $1.67 |
| Van Dyke | Van Dyke 1B 830 | 1BR,1BA | $1.55 |
| 410 E 13th St, Unit B | 410 E 13th St | 1BR,1BA | $1.62 |
| Wyndham on Delaware | The Oxford | 1BR,1BA | $1.75 |
| 1733 N. Meridian | 1BR | 1BR,1BA | $1.04 |
| 1010 Central | Depot 60% | 1BR,1BA | $1.45 |
| College Manor | 1 BR | 1BR,1BA | $1.49 |
| Raleigh | Raleigh 1B 604 | 1BR,1BA | $1.80 |
| Spink | Spink 1B 565 | 1BR,1BA | $1.87 |
| Parkview Apartments LLC | 0 Bedroom 1 Bath - 35087 | Studio ,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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