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$497 - $1,4501 to 2 Bedroom Apartments Available Now
1010 Central
1010 Central AveIndianapolis, IN 46202
Cheap Apartments for Rent in the Canal Walk Neighborhood of Indianapolis, IN from $400 (69 Rentals)
Search the lowest-cost Apartments available for rent right now in the Canal Walk area of Indianapolis.
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$655 - $935Studio to 2 Bedroom Apartments Available Now
INDY FLATS
1304 N Delaware StIndianapolis, IN 46202
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$665 - $925
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Studio to 1 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
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$665 - $925
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$665 - $925
Dunbar Court
1022 Dr Martin Luther King StIndianapolis, IN 46202
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$765 - $789Studio Apartments Available Now
St. Agnes Apartments
1350 N Meridian StIndianapolis, IN 46202
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$799 - $899Studio Apartments Available Now
Priscilla on Pennsylvania
1309 N Pennsylvania StIndianapolis, IN 46202
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$890 - $9901 Bedroom Apartments Available Now
Devonshire Apartments in Downtown Indianapolis
412 N Alabama StIndianapolis, IN 46204
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$895 - $3,300Studio to 3 Bedroom Apartments Available Now
9 On Canal
335 W 9th StIndianapolis, IN 46202
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$930 - $1,069Studio to 1 Bedroom Apartments Available Now
Senate Manor
545-551 N Senate AveIndianapolis, IN 46204
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$970 - $1,735Studio to 2 Bedroom Apartments Available Now
Circle City
1321 N Meridian StIndianapolis, IN 46202
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$980 - $1,3301 Bedroom Apartments Available Now
Indy Downtown Colonial Apartments
402-406 N Delaware StIndianapolis, IN 46204
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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$994 - $1,5361 to 2 Bedroom Apartments Available Now
Lockefield Gardens
737 Lockefield LnIndianapolis, IN 46202
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$1,0252 Bedroom Apartments Available Now
The Washington
1401 N Pennsylvania StIndianapolis, IN 46202
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$1,0251 Bedroom Apartments Available Now
522 Fletcher Ave
522 Fletcher AveIndianapolis, IN 46203
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$1,050 - $2,550
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$955 - $2,455
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$95
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$1,050 - $2,550
632MLK
632 Dr Martin Luther King Jr StIndianapolis, IN 46202
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$1,056 - $3,629Studio to 3 Bedroom Apartments Available Now
Riley Towers
650 N Alabama StIndianapolis, IN 46204
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$1,076 - $6,491Studio to 3 Bedroom Apartments Available Now
Artistry Indy
451-475 E Market StIndianapolis, IN 46204
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$1,091 - $1,6001 to 2 Bedroom Apartments Available Now
800 Capitol
800 N Capitol AveIndianapolis, IN 46204
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$1,099 - $1,249Studio Apartments Available Now
Lofts on Madison
501 Madison AveIndianapolis, IN 46225
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$1,1002 Bedroom Apartments Available Mar 13
Drake Street Garden Homes
512-568 Drake StIndianapolis, IN 46202
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$1,124 - $1,975Studio to 2 Bedroom Apartments Available Now
Canal Overlook Apartments
430 N Indiana AveIndianapolis, IN 46202
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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$1,166 - $1,7391 to 2 Bedroom Apartments Available Now
Maxwell Apartments
530 E Ohio Street, Suite CIndianapolis, IN 46204
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$1,171 - $3,496
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1 to 4 Bedroom Apartments Available NowTotal Monthly Price
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$1,117 - $3,442
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$54
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$1,171 - $3,496
Ralston Apartments
1201 Indiana AveIndianapolis, IN 46202
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$1,199 - $2,144Studio to 2 Bedroom Apartments Available Now
Canal Square
359 N West StIndianapolis, IN 46202
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$1,294 - $1,9501 to 2 Bedroom Apartments Available Now
Mozzo apartments
531 Virginia AveIndianapolis, IN 46203
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$1,296 - $2,1771 to 2 Bedroom Apartments Available Now
Penn Street Tower Apartments
115 N Pennsylvania StIndianapolis, IN 46204
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$1,308 - $2,2501 to 2 Bedroom Apartments Available Now
Nine+Eighteen
918 Fort Wayne AveIndianapolis, IN 46202
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$1,309 - $1,7881 to 2 Bedroom Apartments Available Apr 12
Gardens of Canal Court
434 Canal Court South DrIndianapolis, IN 46202
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$1,310 - $2,235Studio to 2 Bedroom Apartments Available Now
The Continental Towers at Vermont Place
410 N Meridian StIndianapolis, IN 46204
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$1,316 - $2,2891 Bedroom Apartments Available Now
333 Penn Apartments
333 N Pennsylvania StIndianapolis, IN 46204
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$1,340 - $2,190Studio to 2 Bedroom Apartments Available Now
Slate Apartments
501 Virginia AveIndianapolis, IN 46203
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.
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$1,341 - $3,835
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$1,226 - $3,720
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$115
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$1,341 - $3,835
Industry Indianapolis
421 N Pennsylvania StIndianapolis, IN 46204
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$1,3501 Bedroom Apartments Available May 12
946 MLK
946 Dr Martin Luther King Jr StIndianapolis, IN 46202
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$1,360 - $1,6051 to 2 Bedroom Apartments Available Now
Temple Lofts
1225 Dr Martin Luther King Jr StIndianapolis, IN 46202
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$1,370 - $4,390Studio to 3 Bedroom Apartments Available Now
360 Market Square
360 E Market StIndianapolis, IN 46204
802 N Meridian St
IndianapolisIN46204
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$1,400 - $1,4501 Bedroom Apartments Available Apr 17
Garden Arch Apartments
726-728 N East StIndianapolis, IN 46202
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Studio to 2 Bedroom Apartments
INDY INDIE ARTIST COLONY
26 E 14th StIndianapolis, IN 46202
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Studio to 1 Bedroom Apartments
Windsor
1235 N Delaware StIndianapolis, IN 46202
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1 Bedroom Apartments
Barbee
1215 N Pennsylvania StIndianapolis, IN 46202
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Studio to 1 Bedroom Apartments
The Harrison
1320 N Delaware StIndianapolis, IN 46202
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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1 to 3 Bedroom Apartments
550 Fletcher Ave
550 Fletcher AveIndianapolis, IN 46203
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1 Bedroom Apartments
Capitol Manor
842 N Capitol AveIndianapolis, IN 46204
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Studio Apartments
Victoria Apartments
1244 N Illinois StIndianapolis, IN 46202
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1 to 2 Bedroom Apartments
Canal Gardens
1249 Dr Martin Luther King Jr StIndianapolis, IN 46202
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1 to 2 Bedroom Apartments
Chelsea Manor
1451 Central AveIndianapolis, IN 46202
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1 to 2 Bedroom Apartments
Madison Apartments
226 E 12th StIndianapolis, IN 46202
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1 Bedroom Apartments
Mayleeno
416 E Vermont PlIndianapolis, IN 46202
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Studio to 2 Bedroom Apartments
Traymore Apartments
1402 N Alabama StIndianapolis, IN 46202
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1 Bedroom Apartments
The Seminole
920 N Alabama StIndianapolis, IN 46202
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2 Bedroom Apartments
Campus Townhomes
531 Ransom StIndianapolis, IN 46202
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.
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 | $1,272 | $655 | $4,505 |
| Canal Walk 1 Bedroom Apartments | $1,565 | $497 | $4,779 |
| Canal Walk 2 Bedroom Apartments | $2,322 | $925 | $6,194 |
| Canal Walk 3 Bedroom Apartments | $3,152 | $2,035 | $6,851 |
| Canal Walk 4 Bedroom Apartments | $1,348 | $979 | $5,617 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 69 rentals with your search options within a 1 mile radius of the Canal Walk Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Canal Walk, Indianapolis, IN Local Guide
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Cheapest Available Canal Walk Apartments for Rent
The cheapest available apartment rental in the Canal Walk 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 Canal Walk apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| INDY FLATS | Sherwood Std D | Studio,1BA | $655 |
| St. Agnes Apartments | Studio- Standard 2nd -5th* | Studio,1BA | $765 |
| Priscilla on Pennsylvania | Studio- 1st Floor Corner | Studio,1BA | $799 |
| Devonshire Apartments in Downtown Indianapolis | 1BR/1.0BA | 1BR,1BA | $890 |
| Canal Gardens | 2.1 40% | 2BR,1BA | $891 |
| 9 On Canal | Studio - Stockholm | Studio,1BA | $895 |
| Madison Apartments | One bedroom | 1BR,1BA | $920 |
| Senate Manor | S.1 C | Studio,1BA | $930 |
| Circle City | RAL-S500 | Studio,1BA | $970 |
| Indy Downtown Colonial Apartments | 1 Bedroom 1 Bath - 39887 | 1BR,1BA | $980 |
Best Value Apartments for Rent in Canal Walk, IN
As of March 01, 2026 the best value apartment in the Canal Walk area is the $0.97 price per square foot loft Model at Shoemaker Building in the in the Riley neighborhood starting from $1,750. The second greatest value Canal Walk apartment is the 3 Bedroom 2 Bath Model at The Block starting at $2,879 with a $1.63 price per square foot in the Riley neighborhood. Here is today’s list of the best values for Canal Walk apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Shoemaker Building | loft | 2BR,2BA | $0.97 |
| The Block | 3 Bedroom 2 Bath | 3BR,2BA | $1.63 |
| Canal Gardens | 2.1 40% | 2BR,1BA | $0.93 |
| Van Dyke | Van Dyke 1B 830 | 1BR,1BA | $1.55 |
| Maxwell Apartments | Amsterdam | 1BR,1BA | $1.51 |
| 522 Fletcher Ave | 1BR/1.5BA | 1BR,1.5BA | $1.40 |
| 1010 Central | Bunker 60% | 1BR,1BA | $1.53 |
| The Washington | 2 Bedroom | 2BR,1BA | $1.47 |
| Lofts on Madison | Studio | Studio ,1BA | $1.63 |
| Madison Apartments | One bedroom | 1BR,1BA | $1.61 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
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How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals in metropolitan areas across the United States, including Indianapolis. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, transit availability, pet-friendly communities, apartment communities for the kids, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.
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 $980.
What is the price of a cheap apartment in Canal Walk?
The cheapest apartment in Canal Walk is INDY FLATS which is listed at $830, while the average apartment in Canal Walk costs $2,550.
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 89 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 $380 which is $2,170 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.
Articles, How-To's, and Tips
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
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.
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.