Cheap Apartments for Rent in the The Canal Neighborhood of Indianapolis, IN from $600 (57 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
$1,060 - $3,315
Total Monthly Price

Total Monthly Price

Base Rent
$1,060 - $3,315
Total Monthly Price
$1,060 - $3,315
Studio to 3 Bedroom Apartments Available Now

9 On Canal

335 W 9th StIndianapolis, IN 46202
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

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Ralston Apartments
Rent Specials
$1,216 - $3,283
Total Monthly Price

Total Monthly Price

Base Rent
$1,216 - $3,283
Total Monthly Price
Varies
1 to 4 Bedroom Apartments Available Now

Ralston Apartments

1201 Indiana AveIndianapolis, IN 46202
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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property at 55 S Harding St

$1,649

Total Monthly Price

Total Monthly Price

Base Rent
$1,649
Total Monthly Price
$1,649

2 Bedroom, 2 Bath Condo for Rent

Available Jul 1

55 S Harding St, Unit 109

55 S Harding St
IndianapolisIN46222
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Bon Air Residence
$1,750 - $2,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,750 - $2,250
Total Monthly Price
$1,750 - $2,250
1 Bedroom Apartments Available Now

Bon Air Residence

21-23 W 16th StIndianapolis, IN 46202
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  • Utilities Included

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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 Studio unit found at Dunbar Court priced from $675. New Bridge has the second lowest priced unit, which is a Studio apartment currently listed from $779. Here are the most affordable The Canal apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Dunbar CourtStudioStudio,1BA$675
New BridgeStudio - The EnclaveStudio,1BA$779
Priscilla on PennsylvaniaStudio- 1st Floor CornerStudio,1BA$799
Senate Manor1.1 B1BR,1BA$910
River West FlatsOne Bedroom One Bath - The Driftwood1BR,1BA$919
Lockefield GardensStandard One Bedroom (SR3)1BR,1BA$1,031
9 On CanalStudio - StockholmStudio,1BA$1,060
Artistry IndyJacquelineStudio,1BA$1,087
The Assumption on Blaine1 Bed 1 Bath1BR,1BA$1,100
RiverviewCalumetStudio,1BA$1,195

Best Value Apartments for Rent in The Canal, IN

As of June 21, 2026 the best value apartment in the The Canal area is the $1.63 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,879. The second greatest value The Canal apartment is the 7178B1 Traditional 2x2 (1100 sqft) Model at Mansion Row Apartments starting at $1,379 with a $1.25 price per square foot in the Cheswick Place 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$1.63
Mansion Row Apartments7178B1 Traditional 2x2 (1100 sqft)2BR,2BA$1.25
The Riverside Apartment Homes2x1,5 Townhome Upgrade2BR,1.5BA$1.30
WesmontTwo Bedroom - Body and Soul2BR,2BA$1.76
Harding Street Lofts2.2 A42BR,2BA$1.74
The E'LaanThe Vonnegut1BR,1BA$1.84
The Avenue2x22BR,2BA$1.16
The Assumption on Blaine1 Bed 1 Bath1BR,1BA$1.31
River West FlatsTwo Bedroom One Bath - The Hudson2BR,1BA$1.71
Penn Street Tower ApartmentsSt. Clair: Floors 10-121BR,1BA$1.76

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.

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Your 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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Pet Friendly Lifestyle
The Canal, Indianapolis, IN

Ranked #10

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 $1,195.

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

The cheapest apartment in The Canal is New Bridge which is listed at $809, while the average apartment in The Canal costs $2,400.

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 68 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 $320 which is $2,080 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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