4 E Washington St
IndianapolisIN46204
Cheap Homes for Rent in Canal Walk Neighborhood of Indianapolis, IN from $600 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Canal Walk area of Indianapolis.
37 West St Clair Street
IndianapolisIN46204
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.
3 E Washington St
IndianapolisIN46204
2 E Washington St
IndianapolisIN46204
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.
Showing Results 1-4, Page 1 of 1
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 | $2,177 | $950 | $3,850 |
| Canal Walk 3 Bedroom Homes for Rent | $1,899 | $1,549 | $2,900 |
| Canal Walk 4 Bedroom Homes for Rent | $2,700 | $2,700 | $2,700 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 1 mile radius of the Canal Walk Neighborhood of Indianapolis, IN.
Explore Indianapolis
Canal Walk, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Best Value Apartments for Rent in Canal Walk, IN
As of June 27, 2025 the best value apartment in the Canal Walk area is the $1.08 price per square foot loft Model at Shoemaker Building in the in the Riley neighborhood starting from $1,950. The second greatest value Canal Walk apartment is the 1 Bedroom 1 Bath Model at The Block starting at $1,549 with a $1.06 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 | $1.08 |
| The Block | 1 Bedroom 1 Bath | 1BR,1BA | $1.06 |
| Raleigh | Raleigh 1BTH 886 | 1BR,2BA | $1.42 |
| Van Dyke | Van Dyke 1BTH 882 | 1BR,1BA | $1.34 |
| The Seminole | 1br | 1BR,1BA | $1.13 |
| Illinois Street Senior Apartments | 1BR 1A 60% | 1BR,1BA | $1.68 |
| 1010 Central | Garage 60% | 1BR,1BA | $1.70 |
| Temple Lofts | A8 | 1BR,1BA | $1.83 |
| The Washington | One Bedroom - Sublevel | 1BR,1BA | $1.42 |
| Lockefield Gardens | Standard One Bedroom (S1) | 1BR,1BA | $1.85 |
Quick 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.
Let everyone know!
Do you know the Canal Walk area?
If you’re an expert on all things Canal Walk, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Frequently Asked Questions about Canal Walk
What type of rentals are currently available in Canal Walk?
There are currently 153 Apartments for Rent in Canal Walk, IN with pricing that ranges from $640 to $9,114. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Canal Walk ranging from $620 to $3,850.
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 $620 to $3,850 with an average monthly rent of $1,801.
How much are larger Three and Four Bedroom Rentals in Canal Walk?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Canal Walk range from $1,995 to $9,114, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,549 to $2,900. Four Bedroom Single-Family rentals are also available starting from $2,700 and Four Bedroom Apartments start at $989.
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.
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.
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.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.