
Cheap Homes for Rent in the Canal Walk Neighborhood of Indianapolis, IN from $995 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Canal Walk area of Indianapolis.


537 E 11th St

Total Monthly Price
615 N East St, Unit SI ID1364133P

Total Monthly Price
615 N East St, Unit SI FL2-ID1364146P

Total Monthly Price
235 S Delaware St, Unit SI ID1364142P
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312 E 13th St

230 E 9th St

701 Stevens St

Total Monthly Price
235 S Delaware St, Unit SI ID1364131P

434 E New York St
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Canal Walk, Indianapolis, IN Local Guide

How much does it cost to rent a home in Canal Walk?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Canal Walk 2 Bedroom Homes for Rent | $2,269 | $1,725 | $2,600 |
| Canal Walk 3 Bedroom Homes for Rent | $4,045 | $2,100 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 1 mile radius of the Canal Walk Neighborhood of Indianapolis, IN.
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Canal Walk, Indianapolis, IN Local Guide
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Best Value Homes for Rent in Canal Walk, IN
As of September 16, 2026 the best value rental home in the Canal Walk area is the $1.28 price per square foot 237 E Saint Joseph St Model at 237 E Saint Joseph St in the Near North Indianapolis neighborhood starting from $2,975. The second greatest value Canal Walk rental home is the 504 E 10th St Model at 504 E 10th St in the Near North Indianapolis neighborhood starting at $2,100 with a $1.23 price per square foot. Here is today’s list of the best values for Canal Walk homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 237 E Saint Joseph St | 237 E Saint Joseph St | 3BR, 2.5BA | $1.28 |
| 504 E 10th St | 504 E 10th St | 2BR, 2.5BA | $1.23 |
| 621 W 10th St | 621 W 10th St | 3BR, 2BA | $2.11 |
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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
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
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.
Pet Friendly LifestyleCanal Walk, Indianapolis, IN
Ranked #9
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Canal Walk, Indianapolis, IN
Arlington Community Middle School
School data provided by Great Schools
Frequently Asked Questions about Canal Walk
What type of rentals are currently available in Canal Walk?
There are currently 158 Apartments for Rent in Canal Walk, IN with pricing that ranges from $675 to $11,680. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Canal Walk ranging from $995 to $10,000.
What is the current price range for Rental Homes in Canal Walk?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Canal Walk ranges from $995 to $10,000 with an average monthly rent of $2,519.
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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Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

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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.

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Articles, How-To's, and Tips

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.