
Apartments for Rent in the Upper Canal Neighborhood of Indianapolis, IN (236 Rentals)


Total Monthly Price
Bon Air Residence

The Block

220 Meridian

Ardmore Apartments

The E'Laan

Total Monthly Price
9 On Canal

Cosmopolitan on the Canal

Canal Square

Stella
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Pembroke Place

Wesley Place

Artistry Indy

Nine+Eighteen

360 Market Square

The Avenue

Penn Street Tower Apartments

Pulliam Square

Axis

Riley Towers
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The Marleigh

Total Monthly Price
Ralston Apartments

Priscilla on Pennsylvania

Circle City

Lockefield Gardens

Maxwell Apartments

Canal Overlook Apartments

INDY FLATS

Gardens of Canal Court

Devonshire Apartments
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333 Penn Apartments

The Continental Towers at Vermont Place

800 Capitol

1010 Central

16 Park Apartments

Drake Street Garden Homes

Colmar Apartments

Pavilion Place

Garden Arch Apartments

Apollo & Aurora Apartments
Upper 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 Washington

Temple Lofts

Dunbar Court

St. Agnes Apartments

1733 N. Meridian

The Davlan

632MLK

Total Monthly Price
829 N Pennsylvania St, Unit 2B

621 W 10th St

237 E Saint Joseph St
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Upper Canal, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Upper Canal?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Upper Canal Studio Apartments | $1,342 | $579 | $3,761 |
| Upper Canal 1 Bedroom Apartments | $1,597 | $544 | $3,711 |
| Upper Canal 2 Bedroom Apartments | $2,182 | $650 | $10,000+ |
| Upper Canal 3 Bedroom Apartments | $2,874 | $799 | $8,628 |
| Upper Canal 4 Bedroom Apartments | $3,249 | $2,895 | $3,603 |
How much does it cost to rent a home in Upper Canal?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 2 Bedroom Homes | $2,075 | $950 | $3,750 |
| 3 Bedroom Homes | $2,036 | $1,099 | $2,975 |
Browse Apartments in this Neighborhood
There are currently 236 rentals with your search options within a 1 mile radius of the Upper Canal Neighborhood of Indianapolis, IN.
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Upper Canal, Indianapolis, IN Local Guide
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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.
Lifestyle Ratings
Our team is happy to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Indianapolis. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, pet-friendly features, places that make kids happy, proximity to transit, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Family-Friendly Rating
Renting for your family? this section of town has a reputation as a leading residential area for families, with a score of 4.0 out of 4. Family Friendly ratings are based on community features and environments that help parents and children to thrive. Family Friendly communities provide resources like parks, playgrounds, extra living spaces, features for pets, trails and recreation, and great education opportunities.
Outdoors Rating
We think living with parks, paths, and trails is something they look for when they rent. Upper Canal is providing first-class access to nice outdoor spaces, with a score of 4.0 out of 4.
Luxury Living Rating
This area ranks as one of our favorite luxury submarkets in town, with a score of 4.0 out of 4. Luxury Lifestyle Scoring is based on having high-end community amenities like shared social spaces, lounges, pools, concierge services, views, access to parks, and nice home amenities like granite or quartz countertops and stainless steel appliances. Other luxury items often include hardwood floors and fireplaces, sports like tennis and raquetball, and a full-time security staff or doorman.
Pet Friendly Rating
Dog and cat owners, listen up! this part of town has established a name for itself as one of the best neighborhoods for pet owners who rent, with a score of 4.0 out of 4.
Frequently Asked Questions about Upper Canal
What is the current pricing and availability for apartments for rent in the Upper Canal area of Indianapolis, IN?
As of today, September 02, 2026, there are currently 236 available Upper Canal apartments priced from $544 to $11,680, with an average monthly rent of $1,764.
How much are Studio apartments in Upper Canal?
There are currently 80 Studio Apartments in Upper Canal with rent ranges from $579 to $3,761 with an average price of $1,342.
What is the current price range for One Bedroom Upper Canal Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Upper Canal ranges from $544 to $3,711 with an average monthly rent of $1,597.
What does renting a Two Bedroom Apartment in Upper Canal cost?
The monthly rent prices of Two Bedroom Apartments currently available in Upper Canal range from $650 to $11,680. Today's average rental price for Two Bedrooms here is $2,182.
How expensive are Upper Canal Three Bedroom Apartments?
There are currently 22 Three Bedroom Apartments listings available in Upper Canal on ApartmentHomeLiving.com. The pricing ranges from $799 to $8,628 - averaging $2,874 for the location.
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.

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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
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.
Articles, How-To's, and Tips

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Written by: Robin Stewart
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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
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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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
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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.