
Cheap 1 Bedroom Apartments for Rent in the Canal Walk Neighborhood of Indianapolis, IN from $497 (70 Rentals)


St. Agnes Apartments

INDY FLATS

Dunbar Court

Devonshire Apartments in Downtown Indianapolis

Lockefield Gardens

145 E 14th St

522 Fletcher Ave

Circle City

Total Monthly Price
Ralston Apartments
Genius Ideas and Studio Layout Tips That Maximize Every Square Inch
Transform your studio apartment layout and maximize storage. Get proven ideas from a 20-year property expert to make any small space stylish and functional.

Canal Square

Total Monthly Price
9 On Canal

Artistry Indy

Maxwell Apartments

333 Penn Apartments

Garden Arch Apartments

Apollo & Aurora Apartments

Penn Street Tower Apartments

Nine+Eighteen

Gardens of Canal Court
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

The Continental Towers at Vermont Place

Five Twenty Virginia

Mozzo apartments

Temple Lofts

CityWay

Riley Towers

800 Capitol

The Block

Canal Overlook Apartments

Axis
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.

The E'Laan

Pulliam Square

220 Meridian

Slate Apartments

Cosmopolitan on the Canal

360 Market Square

Total Monthly Price
615 N East St, Unit SI ID1364133P

INDY INDIE ARTIST COLONY

Barbee

Windsor
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.

The Harrison

Senate Manor Apartments

550 Fletcher Ave

Capitol Manor

Indy Christian Place Apartments LLC

Senate Manor

Chelsea Manor

Mayleeno

The Seminole

Stonegate Apartments
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.
Canal Walk, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Canal Walk?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Canal Walk Studio Apartments | $1,288 | $655 | $4,070 |
Canal Walk 1 Bedroom Apartments | $1,580 | $497 | $4,071 |
| Canal Walk 2 Bedroom Apartments | $2,167 | $846 | $6,207 |
| Canal Walk 3 Bedroom Apartments | $2,999 | $1,900 | $6,477 |
| Canal Walk 4 Bedroom Apartments | $2,672 | $979 | $5,672 |
Explore Indianapolis
Frequently Asked Questions about Cheap Canal Walk Apartments
What is a cheap apartment in Canal Walk?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Canal Walk is under $955.
What is the price of a cheap apartment in Canal Walk?
The cheapest apartment in Canal Walk is St. Agnes Apartments which is listed at $825, while the average apartment in Canal Walk costs $2,304.
What types of apartments are the cheapest in Canal Walk?
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 58 regular apartments in Canal Walk 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 Canal Walk?
Cheap apartments in Canal Walk have an average cost of $369 which is $1,935 cheaper than the average rent for all rentals in Canal Walk.
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

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.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
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.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
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.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
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.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.