Cheap Homes for Rent in Reagan Park Neighborhood of Indianapolis, IN from $800 (27 Rentals)

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

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 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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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 $875. Utomin Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $975. Here are the most affordable Reagan Park apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Priscilla on PennsylvaniaStudioStudio,1BA$875
Utomin Apartments2 Bedroom2BR,1BA$975
College Manor1 BR1BR,1BA$1,050
Circle City ApartmentsMcKay Studio 638Studio,1BA$1,075
The StellaSol 80%Studio,1BA$1,125
1010 CentralGarage 60%1BR,1BA$1,163
PavillionTwo Bedrooms, One Bathroom- Sublevel2BR,1BA$1,240
Wesley PlacePeckStudio,1BA$1,289
Van DykeVan Dyke 1B 8301BR,1BA$1,290

Best Value Apartments for Rent in Reagan Park, IN

As of July 30, 2025 the best value apartment in the Reagan Park area is the $1.61 price per square foot F Model at Townhomes at Fall Creek Place in the in the Near North Indianapolis neighborhood starting from $1,626. The second greatest value Reagan Park apartment is the Front One Bedroom Model at Colmar Apartments starting at $1,350 with a $1.62 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.
Townhomes at Fall Creek PlaceF2BR,1BA$1.61
Colmar ApartmentsFront One Bedroom1BR,1BA$1.62
Van DykeVan Dyke 1B 8301BR,1BA$1.55
The Whittier2 Bed 1 Bath2BR,1BA$1.88
Wyndham on DelawareThe Cambridge1BR,1BA$1.70
1631 Columbia Ave, Unit B1631 Columbia Ave2BR,1BA$1.71
PavillionTwo Bedrooms, One Bathroom2BR,1BA$1.97
1010 CentralGarage 60%1BR,1BA$1.70
College Manor1 BR1BR,1BA$1.57
Utomin Apartments2 Bedroom2BR,1BA$1.50

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 172 Apartments for Rent in Reagan Park, IN with pricing that ranges from $595 to $4,040. There are also 77 Single Family Homes for rent, Condos, and Townhome rentals currently available in Reagan Park ranging from $850 to $5,000.

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 $850 to $5,000 with an average monthly rent of $2,309.

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.