Cheap Homes for Rent in Reagan Park Neighborhood of Indianapolis, IN from $700 (17 Rentals)

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

property at 146 E 19th St

146 E 19th St

IndianapolisIN46202

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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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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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.

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Showing Results 1-17, Page 1 of 1

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 The Stella priced from $393. The Sheldrake Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here are the most affordable Reagan Park apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The StellaVega 30%Studio,1BA$393
The Sheldrake Apartments1 Bedroom With Den1BR,1BA$875
Priscilla on PennsylvaniaStudio - Second FloorStudio,1BA$895
Traymore ApartmentsOne Bedroom1BR,1BA$960
Van DykeVan Dyke Studio 463Studio,1BA$970

Best Value Apartments for Rent in Reagan Park, IN

As of May 31, 2025 the best value apartment in the Reagan Park area is the $1.36 price per square foot 2 Bedroom Model at 1301 N Alabama St in the in the Near North Indianapolis neighborhood starting from $2,250. The second greatest value Reagan Park apartment is the 1 Bedroom 1 Bath Model at The Block starting at $1,539 with a $1.06 price per square foot in the Riley 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.
1301 N Alabama St2 Bedroom2BR,1BA$1.36
The Block1 Bedroom 1 Bath1BR,1BA$1.06
Monon LoftsTandem2BR,2BA$1.40
RaleighRaleigh 1BTH 8861BR,2BA$1.42
The Parkview1 Bedrooms1BR,1BA$1.46
The Sheldrake Apartments1 Bedroom With Den1BR,1BA$1.17
Illinois Street Senior Apartments1BR 1A 60%1BR,1BA$1.68
1010 CentralGarage 60%1BR,1BA$1.70
College Manor1 BR1BR,1BA$1.57
Traymore ApartmentsOne Bedroom - Front1BR,1BA$1.63

Quick Rent Budget Calculator

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Frequently Asked Questions about Reagan Park

What type of rentals are currently available in Reagan Park?

There are currently 171 Apartments for Rent in Reagan Park, IN with pricing that ranges from $370 to $9,027. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Reagan Park ranging from $724 to $4,500.

What is the current price range for Rental Homes in Reagan Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Reagan Park ranges from $724 to $4,500 with an average monthly rent of $2,566.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.