Cheap Apartments for Rent in the The Canal Neighborhood of Indianapolis, IN from $600 (59 Rentals)

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Search the lowest-cost Apartments available for rent right now in the The Canal area of Indianapolis.

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9 On Canal
Rent Specials
$910 - $3,315
Total Monthly Price

Total Monthly Price

Base Rent
$910 - $3,315
Total Monthly Price
$910 - $3,315
Studio to 3 Bedroom Apartments Available Now

9 On Canal

335 W 9th StIndianapolis, IN 46202
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property at 55 S Harding St

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

1 Bedroom, 1 Bath Condo for Rent

Available Jun 22

55 S Harding St, Unit 210, Unit 210

55 S Harding St
IndianapolisIN46222

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Showing Results 1-50, Page 1 of 2

The Canal, Indianapolis, IN Local Guide

Cheapest Available The Canal Apartments for Rent

 

The cheapest available apartment rental in the The Canal area of Indianapolis, IN is a 1 Bed unit found at Volrath priced from $649. Dunbar Court has the second lowest priced unit, which is a Studio apartment currently listed from $665. Here are the most affordable The Canal apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Volrath**Free Month of Rent ** 128 E Palmer St - Studio1BR,1BA$649
Dunbar CourtStudioStudio,1BA$665
Priscilla on PennsylvaniaStudio- 1st Floor CornerStudio,1BA$799
River West FlatsOne Bedroom One Bath - The Driftwood1BR,1BA$919
Artistry IndyEdie (EcoSuite)Studio,1BA$945
Edge 35S1Studio,1BA$957
Senate Manor1.1 B1BR,1BA$1,010
Lockefield GardensStandard One Bedroom (SR3)1BR,1BA$1,031
Riley TowersSDStudio,1BA$1,062
9 On CanalStudio - ManchesterStudio,1BA$1,065

Best Value Apartments for Rent in The Canal, IN

As of May 07, 2026 the best value apartment in the The Canal area is the $1.49 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,639. The second greatest value The Canal apartment is the 2 Bed 2 Bath Model at The Assumption on Blaine starting at $1,395 with a $1.20 price per square foot in the Concord neighborhood. Here is today’s list of the best values for The Canal apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Block3 Bedroom 2 Bath3BR,2BA$1.49
The Assumption on Blaine2 Bed 2 Bath2BR,2BA$1.20
Mansion Row - Where Historic Charm Meets Modern Convenience!7178B1 Traditional 2x2 (1100 sqft)2BR,2BA$1.27
WesmontTwo Bedroom - Body and Soul2BR,2BA$1.63
The Riverside Apartment Homes2x1 Townhome Upgrade2BR,1BA$1.24
Penn Street Tower ApartmentsWabash: Floors 10-121BR,1BA$1.59
Nine+EighteenThe Central1BR,1BA$1.84
Volrath1BR/1.0BA1BR,1BA$1.46
River West FlatsOne Bedroom One Bath - The Driftwood1BR,1BA$1.63
Lockefield GardensStandard One Bedroom (S1) 1BR,1BA$1.92

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Pet Friendly Lifestyle
The Canal, Indianapolis, IN

Ranked #11

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap The Canal Apartments

What is a cheap apartment in The Canal?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in The Canal is under $1,065.

What is the price of a cheap apartment in The Canal?

The cheapest apartment in The Canal is Volrath which is listed at $649, while the average apartment in The Canal costs $2,122.

What types of apartments are the cheapest in The Canal?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 85 regular apartments in The Canal that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in The Canal?

Cheap apartments in The Canal have an average cost of $373 which is $1,749 cheaper than the average rent for all rentals in The Canal.

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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