Cheap Apartments for Rent in the The Canal Neighborhood of Indianapolis, IN from $600 (43 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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Dunbar Court
$665 - $925
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$665 - $925
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Studio to 1 Bedroom Apartments Contact Us For Availability

Dunbar Court

1022 Dr Martin Luther King StIndianapolis, IN 46202
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9 On Canal
Rent Specials
$910 - $3,315
Total Monthly Price

Total Monthly Price

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$895 - $3,300
Required Monthly Fees
$15
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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Stadium Lofts & Flats
$989 - $1,719
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$922 - $1,652
Required Monthly Fees
$67
Total Monthly Price
$989 - $1,719
1 to 2 Bedroom Apartments Available Now

Stadium Lofts & Flats

1501 W 16th StIndianapolis, IN 46202
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Wesley Place
Rent Specials
$1,099 - $1,899
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$979 - $1,779
Required Monthly Fees
$120
Total Monthly Price
$1,099 - $1,899
Studio to 2 Bedroom Apartments Available Now

Wesley Place

75 W 18th StIndianapolis, IN 46202
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Ralston Apartments
Rent Specials
$1,181 - $3,496
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$1,102 - $3,417
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1 to 4 Bedroom Apartments Available Now

Ralston Apartments

1201 Indiana AveIndianapolis, IN 46202
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Senate Manor
Studio to 1 Bedroom Apartments

Senate Manor

545-551 N Senate AveIndianapolis, IN 46204
Showing Results 1-43, Page 1 of 1

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. Priscilla on Pennsylvania has the second lowest priced unit, which is a Studio apartment currently listed from $799. 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
Priscilla on PennsylvaniaStudio- 1st Floor CornerStudio,1BA$799
The Assumption on Blaine1 Bed 1 Bath1BR,1BA$900
9 On CanalStudio - StockholmStudio,1BA$910
River West FlatsOne Bedroom One Bath - The Driftwood1BR,1BA$949
Senate Manor1.1 B1BR,1BA$1,010
Lockefield GardensStandard One Bedroom (SR3)1BR,1BA$1,031
The AssemblyCylinder- Workforce1BR,1BA$1,049
Riley TowersSDStudio,1BA$1,056
Artistry IndyEdie (EcoSuite)Studio,1BA$1,061

Best Value Apartments for Rent in The Canal, IN

As of March 20, 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 Apartments7178B1 Traditional 2x2 (1100 sqft)2BR,2BA$1.24
Harding Street Lofts2.2 K2BR,2BA$1.77
Riverside2x1 Townhome Renovated2BR,1BA$1.43
The E'LaanThe Vonnegut1BR,1BA$1.53
Penn Street TowerWabash: Floors 13-151BR,1BA$1.65
Nine+EighteenThe Central1BR,1BA$1.84
Volrath0BR/1.0BAStudio ,1BA$1.29
River West FlatsOne Bedroom One Bath - The Driftwood1BR,1BA$1.68

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Pet Friendly Lifestyle
The Canal, Indianapolis, IN

Ranked #15

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 $1,061.

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 $2,310.

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 122 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 $394 which is $1,916 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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