
Cheap Studio Apartments for Rent in the The Canal Neighborhood of Indianapolis, IN from $556 (32 Rentals)


Rise on Meridian

Stella

Dunbar Court

Priscilla on Pennsylvania

The Marleigh

Artistry Indy

Total Monthly Price
9 On Canal
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Wesley Place

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Riley Towers

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Wesmont

Pinnex
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Lockerbie Lofts

The Grounds

Union Square

Leo

Circa Apartments

Industry Indianapolis

Axis

Pulliam Square
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Ardmore Apartments

CityWay

Cosmopolitan on the Canal

Canal Overlook Apartments

220 Meridian

360 Market Square

Senate Manor Apartments

Senate Manor
The Canal - One of the Best Affordable Neighborhoods in Indianapolis
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
The Canal, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in The Canal?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
The Canal Studio Apartments | $1,447 | $556 | $3,761 |
| The Canal 1 Bedroom Apartments | $1,610 | $596 | $3,711 |
| The Canal 2 Bedroom Apartments | $2,149 | $716 | $10,000+ |
| The Canal 3 Bedroom Apartments | $2,982 | $1,950 | $8,628 |
| The Canal 4 Bedroom Apartments | $1,948 | $600 | $3,699 |
Browse Apartments in this Neighborhood
There are currently 32 rentals with your search options within a 2 mile radius of the The Canal Neighborhood of Indianapolis, IN.
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The Canal, Indianapolis, IN Local Guide
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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 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
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleThe Canal, Indianapolis, IN
Ranked #5
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 $1,100.
What is the price of a cheap apartment in The Canal?
The cheapest apartment in The Canal is Dunbar Court which is listed at $675, while the average apartment in The Canal costs $1,590.
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 38 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 $203 which is $1,387 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.
Helpful Local Expert Guides

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
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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.
Articles, How-To's, and Tips

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.