832 N California St
IndianapolisIN46202
Cheap Homes for Rent in The Canal Neighborhood of Indianapolis, IN from $1,100 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the The Canal area of Indianapolis.
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.
830 N California 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.
946 Doctor M.L.K. Jr St
IndianapolisIN46202
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The Canal, Indianapolis, IN Local Guide
How much does it cost to rent a home in The Canal?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| The Canal 2 Bedroom Homes for Rent | $1,200 | $1,150 | $1,250 |
Browse Homes for Rent in this Neighborhood
There are currently 3 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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Best Value Apartments for Rent in The Canal, IN
As of November 18, 2025 the best value apartment in the The Canal area is the $1.11 price per square foot 2 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $1,999. The second greatest value The Canal apartment is the B3 Model at 946 MLK starting at $2,020 with a $1.27 price per square foot in the Near North Indianapolis neighborhood. Here is today’s list of the best values for The Canal apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Block | 2 Bedroom 2 Bath | 2BR,2BA | $1.11 |
| 946 MLK | B3 | 3BR,2BA | $1.27 |
| The Assumption on Blaine | 2 Bed 2 Bath | 2BR,2BA | $1.35 |
| Townhomes at Fall Creek Place | F | 2BR,1BA | $1.61 |
| Gardens of Canal Court | One Bedroom One Bath (992 Square Feet) | 1BR,1BA | $1.37 |
| The E'Laan | The Vonnegut II | 1BR,1BA | $1.49 |
| The Riverside Apartment Homes | 2x1 Premium | 2BR,1BA | $1.49 |
| 522 Fletcher Ave | 1BR/1.5BA | 1BR,1.5BA | $1.40 |
| Vivio on Tenth | Per Bedroom - 2x2 B5 728sf | 2BR,2BA | $1.35 |
| Volrath | 0BR/1.0BA | Studio ,1BA | $1.29 |
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
Read ArticleQuick Rent Budget Calculator
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Pet Friendly LifestyleThe Canal, Indianapolis, IN
Ranked #14
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about The Canal
What type of rentals are currently available in The Canal?
There are currently 61 Apartments for Rent in The Canal, IN with pricing that ranges from $581 to $8,207. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in The Canal ranging from $1,150 to $1,300.
What is the current price range for Rental Homes in The Canal?
Today's rental pricing for Homes for Rent, Condos and Townhomes in The Canal ranges from $1,150 to $1,300 with an average monthly rent of $1,250.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
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!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.