Cheap Apartments for Rent in the Reagan Park Neighborhood of Indianapolis, IN from $400 (34 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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The Sheldrake Apartments
$595 - $930
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$595 - $930

Total Monthly Price
$595 - $930
Studio to 2 Bedroom Apartments Contact Us For Availability

The Sheldrake Apartments

2258 N Meridian StIndianapolis, IN 46208
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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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Northside Flats Apartments
Studio to 2 Bedroom Apartments

Northside Flats Apartments

1503 N Pennsylvania StIndianapolis, IN 46202
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Windsor
Studio to 1 Bedroom Apartments

Windsor

1235 N Delaware 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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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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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
1 to 2 Bedroom Apartments

Monon Lofts

1122 E 16th StIndianapolis, IN 46202
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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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Chelsea Manor
1 to 2 Bedroom Apartments

Chelsea Manor

1451 Central AveIndianapolis, 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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Traymore Apartments
Studio to 2 Bedroom Apartments

Traymore Apartments

1402 N Alabama 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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Utomin Apartments
2 Bedroom Apartments

Utomin Apartments

1112 N College AveIndianapolis, IN 46202
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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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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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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

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 $655. St. Agnes Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $765. Here are the most affordable Reagan Park apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
INDY FLATSSherwood Std DStudio,1BA$655
St. Agnes ApartmentsStudio- Standard 2nd -5th*Studio,1BA$765
The WhitakerOne Bedroom1BR,1BA$875
Priscilla on PennsylvaniaStudio- 1st Floor CornerStudio,1BA$899
Madison ApartmentsOne bedroom1BR,1BA$920
Circle CityRAL-S500Studio,1BA$970
Utomin Apartments2 Bedroom2BR,1BA$975
1010 CentralGarage 60%1BR,1BA$999
The Washington2 Bedroom2BR,1BA$1,025
Wesley PlacePeckStudio,1BA$1,049

Best Value Apartments for Rent in Reagan Park, IN

As of February 24, 2026 the best value apartment in the Reagan Park area is the $0.83 price per square foot 2322 Guilford Ave Model at 2322 Guilford Ave, Unit A in the in the Martindale neighborhood starting from $1,250. The second greatest value Reagan Park apartment is the Two Bed Two Bath Model at 2131 North starting at $1,525 with a $1.33 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.
2322 Guilford Ave, Unit A2322 Guilford Ave3BR,1BA$0.83
2131 NorthTwo Bed Two Bath2BR,2BA$1.33
Townhomes at Fall Creek PlaceF2BR,1BA$1.61
Van DykeVan Dyke 1B 8301BR,1BA$1.55
Apollo & Aurora ApartmentsUpstairs1BR,1BA$1.73
The Washington2 Bedroom2BR,1BA$1.47
College Manor1 BR1BR,1BA$1.57
Utomin Apartments2 Bedroom2BR,1BA$1.50
Madison ApartmentsOne bedroom1BR,1BA$1.61
The WhitakerOne Bedroom1BR,1BA$1.75

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 $1,049.

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

The cheapest apartment in Reagan Park is INDY FLATS which is listed at $830, while the average apartment in Reagan Park costs $1,749.

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 36 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 $183 which is $1,566 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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