
Cheap Homes for Rent in the Canal Walk Neighborhood of Indianapolis, IN from $1,200 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Canal Walk area of Indianapolis.


230 E 9th St

1408 Broadway St, Unit C
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434 E New York St

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

920 Broadway 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 | $2,356 | $1,895 | $3,800 |
| Canal Walk 3 Bedroom Homes for Rent | $2,800 | $2,350 | $3,750 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 1 mile radius of the Canal Walk Neighborhood of Indianapolis, IN.
Explore Indianapolis
Cheapest Available Canal Walk Apartments for Rent
 The cheapest available apartment rental in the Canal Walk area of Indianapolis, IN is a 1 Bed unit found at 1010 Central priced from $518. INDY FLATS has the second lowest priced unit, which is a Studio apartment currently listed from $705. Here are the most affordable Canal Walk apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1010 Central | Loft 30% | 1BR,1BA | $518 |
| INDY FLATS | Sherwood Std D | Studio,1BA | $705 |
| Priscilla on Pennsylvania | Studio- 1st Floor Corner | Studio,1BA | $799 |
Best Value Apartments for Rent in Canal Walk, IN
As of August 02, 2026 the best value apartment in the Canal Walk area is the $1.36 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,399. The second greatest value Canal Walk apartment is the B3 Model at 946 MLK starting at $1,820 with a $1.14 price per square foot in the Near North Indianapolis 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. |
|---|---|---|---|
| The Block | 3 Bedroom 2 Bath | 3BR,2BA | $1.36 |
| 946 MLK | B3 | 3BR,2BA | $1.14 |
| The Avenue | 4x4 | 4BR,4BA | $0.71 |
| Gardens of Canal Court | Two Bedroom Two Bath (1,184 - 1,194 Square Feet) | 2BR,2BA | $1.35 |
| 402 E New York St | 2 Beds, 2.5 Baths | 2BR,2.5BA | $1.55 |
| The Davlan | 2-1 | 2BR,1BA | $0.95 |
| Drake Street Garden Homes | Two Bedroom | 2BR,1BA | $1.30 |
| The McKay | McKay 1B 831 | 1BR,1BA | $1.48 |
| 522 Fletcher Ave | *ONE FREE MONTH OF RENT* 522 Fletcher Ave - 1 ... | 1BR,1BA | $1.40 |
| The Washington | 2 Bedroom | 2BR,1BA | $1.47 |
Frequently Asked Questions about Canal Walk
What type of rentals are currently available in Canal Walk?
There are currently 159 Apartments for Rent in Canal Walk, IN with pricing that ranges from $518 to $10,798. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Canal Walk ranging from $1,285 to $3,800.
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 $1,285 to $3,800 with an average monthly rent of $2,319.
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.
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