4 E Washington St
IndianapolisIN46204
Cheap Homes for Rent in Canal Walk Neighborhood of Indianapolis, IN from $500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Canal Walk area of Indianapolis.
3 E Washington St
IndianapolisIN46204
37 West St Clair Street
IndianapolisIN46204
2 E Washington St
IndianapolisIN46204
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.
501 Madison Ave
IndianapolisIN46225
230 E 9th St
IndianapolisIN46204
832 N California St
IndianapolisIN46202
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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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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 | $2,455 | $850 | $4,000 |
| Canal Walk 3 Bedroom Homes for Rent | $3,465 | $2,900 | $3,995 |
Browse Homes for Rent in this Neighborhood
There are currently 8 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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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 The Washington priced from $775. Canal Gardens has the second lowest priced unit, which is a 2 Beds apartment currently listed from $891. Here are the most affordable Canal Walk apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Washington | Studio | Studio,1BA | $775 |
| Canal Gardens | 2.1 40% | 2BR,1BA | $891 |
| The Continental Towers at Vermont Place | Continental Unrenovated - Willard | 1BR,1BA | $899 |
Best Value Apartments for Rent in Canal Walk, IN
As of September 11, 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 2 Bedroom 1 Bath Model at The Block starting at $1,849 with a $1.55 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 | 2 Bedroom 1 Bath | 2BR,1BA | $1.55 |
| Gardens of Canal Court | Two Bedroom Two Bath (1,170 Square Feet) | 2BR,2BA | $1.26 |
| The Congress at Library Square | Vonnegut | 2BR,2BA | $1.54 |
| Penn Street Tower Apartments | Senate 2 Bedroom 1 Bath Apartment at 115 Penn A... | 2BR,1BA | $1.37 |
| Canal Gardens | 2.1 40% | 2BR,1BA | $0.93 |
| Van Dyke | Van Dyke 1B 830 | 1BR,1BA | $1.55 |
| Drake Street Garden Homes | Two Bedroom | 2BR,1BA | $1.38 |
| Indiana Flats and Townhomes | 2 x 1 | 2BR,1BA | $1.49 |
| The Seminole | 1br | 1BR,1BA | $1.28 |
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Pet Friendly LifestyleCanal Walk, Indianapolis, IN
Ranked #7
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 $650 to $5,900. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in Canal Walk ranging from $599 to $4,000.
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 $599 to $4,000 with an average monthly rent of $2,132.
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.
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.