Cheap Apartments for Rent in the Reagan Park Neighborhood of Indianapolis, IN from $300 (37 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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16 Park Apartments
1 to 4 Bedroom Apartments

16 Park Apartments

1621 N Park AveIndianapolis, 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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Rotherwood
Studio to 2 Bedroom Apartments

Rotherwood

1503 N Pennsylvania 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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Indy Flats
Studio to 1 Bedroom Apartments

Indy Flats

1304 N Delaware StIndianapolis, IN 46202
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Windsor
Studio to 1 Bedroom Apartments

Windsor

1235 N Delaware 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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PICCADILLY
Studio to 1 Bedroom Apartments

PICCADILLY

28 E 16th StIndianapolis, IN 46202
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The Marleigh
Studio to 1 Bedroom Apartments

The Marleigh

1434-1448 N Delaware StIndianapolis, IN 46202
  • Utilities Included

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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1733 N. Meridian
1 Bedroom Apartments

1733 N. Meridian

1733 N Meridian StIndianapolis, IN 46202
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Victoria Apartments
Studio Apartments

Victoria Apartments

1244 N Illinois StIndianapolis, IN 46202
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Monon Lofts
2 Bedroom Apartments

Monon Lofts

1122 E 16th StIndianapolis, 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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Madison Apartments
1 to 2 Bedroom Apartments

Madison Apartments

226 E 12th 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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Van Dyke
Studio to 1 Bedroom Apartments

Van Dyke

1229 N Pennsylvania StIndianapolis, IN 46202
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Raleigh
1 to 2 Bedroom Apartments

Raleigh

108 E 13th StIndianapolis, IN 46202
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St. James
1 Bedroom Apartments

St. James

2102 N Meridian StIndianapolis, IN 46202
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Broadway Heights
2 Bedroom Apartments

Broadway Heights

1927 Broadway 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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Spink
1 Bedroom Apartments

Spink

1433 N Pennsylvania StIndianapolis, IN 46202

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.

Reagan Park, Indianapolis, IN Local Guide

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 Priscilla on Pennsylvania priced from $895. St. James has the second lowest priced unit, which is a 1 Bed apartment currently listed from $980. Here are the most affordable Reagan Park apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Priscilla on PennsylvaniaStudio - Second FloorStudio,1BA$895
St. JamesOne Bedroom - Sublevel1BR,1BA$980
College Manor1 BR1BR,1BA$1,050
Circle City ApartmentsSpink 1B 7051BR,1BA$1,075
SpinkSpink 1B 7051BR,1BA$1,075
Morton School Senior ApartmentsStudio 60%Studio,1BA$1,090
The Parkview1 Bedrooms1BR,1BA$1,100
The StellaSol 80%Studio,1BA$1,125
Illinois Street Senior Apartments1BR 4.2 60%1BR,1BA$1,149
1010 CentralGarage 60%1BR,1BA$1,163

Best Value Apartments for Rent in Reagan Park, IN

As of June 10, 2025 the best value apartment in the Reagan Park area is the $1.06 price per square foot 1 Bedroom 1 Bath Model at The Block in the in the Riley neighborhood starting from $1,539. The second greatest value Reagan Park apartment is the Tandem Model at Monon Lofts starting at $1,475 with a $1.40 price per square foot in the Martindale 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.
The Block1 Bedroom 1 Bath1BR,1BA$1.06
Monon LoftsTandem2BR,2BA$1.40
Townhomes at Fall Creek PlaceF2BR,1BA$1.61
RaleighRaleigh 1BTH 8861BR,2BA$1.42
Van DykeVan Dyke 1BTH 8821BR,1BA$1.34
The Parkview1 Bedrooms1BR,1BA$1.46
2131 NorthOne Bedroom1BR,1BA$1.64
Illinois Street Senior Apartments1BR 1A 60%1BR,1BA$1.68
College Manor1 BR1BR,1BA$1.57
St. JamesOne Bedroom - Sublevel1BR,1BA$1.63

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Pet Friendly Lifestyle
Reagan Park, Indianapolis, IN

Ranked #24

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Reagan Park Apartments

What is the Cheapest Studio apartment in Reagan Park?

Currently the most affordable Cheap Studio Apartment in Reagan Park is at Priscilla on Pennsylvania listed at $895.

How much is rent for a Cheap One Bedroom Reagan Park Apartment?

The lowest price for a Cheap One Bedroom Reagan Park Apartment is $980 at St. James.

What is the lowest price for a Cheap Two Bedroom Reagan Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Reagan Park is starting from $1,250 at College Manor.

What is the most affordable Reagan Park Three Bedroom Apartment?

The best deal on a cheap Reagan Park Three Bedroom Apartment rental is at 9 on Canal and starts from $3,365.

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.

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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.