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 410 E 16th St

$845

2 Bedroom Rentals

Available Now

410 E 16th St

IndianapolisIN46202

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property at 1643 Columbia Ave

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,083
Required Monthly Fees
$12

Total Monthly Price
$1,095

3 Bedroom, 1 Bath Rentals

Available Now

1643 Columbia Ave

IndianapolisIN46202

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.

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

Best Value Apartments for Rent in Reagan Park, IN

As of February 18, 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
The Washington2 Bedroom2BR,1BA$1.47
College Manor1 BR1BR,1BA$1.57
Utomin Apartments2 Bedroom2BR,1BA$1.50
Traymore ApartmentsOne Bedroom1BR,1BA$1.54
The WhitakerOne Bedroom1BR,1BA$1.46
Madison ApartmentsOne bedroom1BR,1BA$1.61

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 $497 to $3,499. There are also 77 Single Family Homes for rent, Condos, and Townhome rentals currently available in Reagan Park ranging from $750 to $12,000.

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 $750 to $12,000 with an average monthly rent of $2,265.

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

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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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Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

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My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

Articles, How-To's, and Tips

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.