Cheap Homes for Rent in Reagan Park Neighborhood of Indianapolis, IN from $700 (20 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

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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property at 538 W 29th St

$1,099 - $1,349

2 To 3 Bedroom Rentals

Available Now

538 W 29th St

IndianapolisIN46208

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 349 W 28th St

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

3 Bedroom, 1 Bath Home for Rent

Available Jun 1

349 W 28th St

IndianapolisIN46208

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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Showing Results 1-20, Page 1 of 1

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. 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$655
1733 N. Meridian1BR1BR,1BA$780
Priscilla on PennsylvaniaStudio- 1st Floor CornerStudio,1BA$799
The WashingtonStudioStudio,1BA$800
St. Agnes ApartmentsOne Bedroom Corner (2nd -4th)*1BR,1BA$835

Best Value Apartments for Rent in Reagan Park, IN

As of May 20, 2026 the best value apartment in the Reagan Park area is the $1.03 price per square foot 2031 Broadway St Model at 2031 Broadway St, Unit Broadway in the in the Near North Indianapolis neighborhood starting from $1,395. 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.
2031 Broadway St, Unit Broadway2031 Broadway St3BR,1BA$1.03
Van DykeVan Dyke 1B 8301BR,1BA$1.55
Apollo & Aurora ApartmentsAlabama1BR,1BA$1.75
Parkview Apartments LLC1 Bedroom1BR,1BA$1.18
Wyndham on DelawareThe Oxford1BR,1BA$1.75
1733 N. Meridian1BR1BR,1BA$1.04
The Sheldrake Apartments1 Bedroom With Den1BR,1BA$1.17
College Manor1 BR1BR,1BA$1.49
Utomin Apartments1 Bedroom Sublevel1BR,1BA$1.37
St. Agnes ApartmentsOne Bedroom Corner (2nd -4th)*1BR,1BA$1.28

Frequently Asked Questions about Reagan Park

What type of rentals are currently available in Reagan Park?

There are currently 167 Apartments for Rent in Reagan Park, IN with pricing that ranges from $544 to $4,477. There are also 65 Single Family Homes for rent, Condos, and Townhome rentals currently available in Reagan Park ranging from $750 to $4,955.

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 $750 to $4,955 with an average monthly rent of $1,824.

How much are larger Three and Four Bedroom Rentals in Reagan Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Reagan Park range from $799 to $4,277, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,349 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,595 and Four Bedroom Apartments start at $4,477.

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.

Helpful Local Expert Guides

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Articles, How-To's, and Tips

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.