2 E Washington St
IndianapolisIN46204
Cheap Homes for Rent in Canal Walk Neighborhood of Indianapolis, IN from $500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Canal Walk area of Indianapolis.
37 West St Clair Street
IndianapolisIN46204
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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.
230 E 9th St
IndianapolisIN46204
501 Madison Ave
IndianapolisIN46225
946 Doctor M.L.K. Jr St
IndianapolisIN46202
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.
639 Stevens St
IndianapolisIN46203
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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 | $2,375 | $1,350 | $3,800 |
| Canal Walk 3 Bedroom Homes for Rent | $3,150 | $2,800 | $3,500 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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
- Nearby Indianapolis neighborhoods
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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 $705. St. Agnes Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $785. 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 | $705 |
| St. Agnes Apartments | 5th Floor Studio Large | Studio,1BA | $785 |
| Canal Gardens | 2.1 40% | 2BR,1BA | $891 |
Best Value Apartments for Rent in Canal Walk, IN
As of December 20, 2025 the best value apartment in the Canal Walk area is the $1.39 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,459. The second greatest value Canal Walk apartment is the B1 Model at 946 MLK starting at $1,800 with a $1.19 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 | $1.39 |
| 946 MLK | B1 | 3BR,2BA | $1.19 |
| Shoemaker Building | flat | 2BR,2BA | $1.45 |
| The Davlan | 2br 2 ba | 2BR,2BA | $1.34 |
| Gardens of Canal Court | One Bedroom One Bath (992 Square Feet) | 1BR,1BA | $1.37 |
| Indy Colonial Apartments | 311 | 1BR,1BA | $1.05 |
| Canal Gardens | 2.1 40% | 2BR,1BA | $0.93 |
| Van Dyke | Van Dyke 1B 830 | 1BR,1BA | $1.55 |
| 522 Fletcher Ave | 1BR/1.5BA | 1BR,1.5BA | $1.40 |
| The Washington | 2 Bedroom | 2BR,1BA | $1.47 |
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.
Read Article
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 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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Pet Friendly LifestyleCanal Walk, Indianapolis, IN
Ranked #8
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 159 Apartments for Rent in Canal Walk, IN with pricing that ranges from $650 to $9,476. There are also 69 Single Family Homes for rent, Condos, and Townhome rentals currently available in Canal Walk ranging from $599 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 $599 to $3,800 with an average monthly rent of $2,036.
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.
Articles, How-To's, and Tips
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.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!