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$497 - $1,4501 to 2 Bedroom Apartments Available Now
1010 Central
1010 Central AveIndianapolis, IN 46202
Cheap Apartments for Rent in the Upper Canal Neighborhood of Indianapolis, IN from $400 (78 Rentals)
Search the lowest-cost Apartments available for rent right now in the Upper Canal area of Indianapolis.
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$655 - $935Studio to 2 Bedroom Apartments Available Now
INDY FLATS
1304 N Delaware StIndianapolis, IN 46202
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$665 - $925
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$665 - $925
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$665 - $925
Dunbar Court
1022 Dr Martin Luther King StIndianapolis, IN 46202
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$765 - $789Studio Apartments Available Now
St. Agnes Apartments
1350 N Meridian StIndianapolis, IN 46202
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$799 - $899Studio Apartments Available Now
Priscilla on Pennsylvania
1309 N Pennsylvania StIndianapolis, IN 46202
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$8462 Bedroom Apartments Available Now
The Davlan
430 Massachusetts AveIndianapolis, IN 46204
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$8491 Bedroom Apartments Available Now
125 E 17th St
125 E 17th StIndianapolis, IN 46202
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$875 - $8951 Bedroom Apartments Available Now
The Whitaker
1504 N Pennsylvania StIndianapolis, IN 46202
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$890 - $9901 Bedroom Apartments Available Now
Devonshire Apartments in Downtown Indianapolis
412 N Alabama StIndianapolis, IN 46204
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$895 - $3,300
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$880 - $3,285
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$15
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$895 - $3,300
9 On Canal
335 W 9th StIndianapolis, IN 46202
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.
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$970 - $1,735Studio to 2 Bedroom Apartments Available Now
Circle City
1321 N Meridian StIndianapolis, IN 46202
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$980 - $1,3301 Bedroom Apartments Available Now
Indy Downtown Colonial Apartments
402-406 N Delaware StIndianapolis, IN 46204
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$994 - $1,5361 to 2 Bedroom Apartments Available Now
Lockefield Gardens
737 Lockefield LnIndianapolis, IN 46202
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$1,0252 Bedroom Apartments Available Now
The Washington
1401 N Pennsylvania StIndianapolis, IN 46202
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$1,049 - $2,139
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$929 - $2,019
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$120
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$1,049 - $2,139
Wesley Place
75 W 18th StIndianapolis, IN 46202
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$1,050 - $2,550
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$955 - $2,455
Required Monthly Fees
$95
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$1,050 - $2,550
632MLK
632 Dr Martin Luther King Jr StIndianapolis, IN 46202
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$1,056 - $3,629Studio to 3 Bedroom Apartments Available Now
Riley Towers
650 N Alabama StIndianapolis, IN 46204
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$1,077 - $7,641Studio to 3 Bedroom Apartments Available Now
Artistry Indy
451-475 E Market StIndianapolis, IN 46204
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$1,090 - $1,7391 to 2 Bedroom Apartments Available Now
Maxwell Apartments
530 E Ohio Street, Suite CIndianapolis, IN 46204
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$1,091 - $1,6001 to 2 Bedroom Apartments Available Now
800 Capitol
800 N Capitol AveIndianapolis, IN 46204
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.
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$1,1002 Bedroom Apartments Available Mar 13
Drake Street Garden Homes
512-568 Drake StIndianapolis, IN 46202
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$1,1202 Bedroom Apartments Available Mar 5, 2027
Pavilion Place
1701 N Central AveIndianapolis, IN 46202
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$1,124 - $1,975Studio to 2 Bedroom Apartments Available Now
Canal Overlook Apartments
430 N Indiana AveIndianapolis, IN 46202
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$1,175 - $3,496
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1 to 4 Bedroom Apartments Available NowTotal Monthly Price
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$1,096 - $3,417
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$79
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$1,175 - $3,496
Ralston Apartments
1201 Indiana AveIndianapolis, IN 46202
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$1,199 - $2,224Studio to 2 Bedroom Apartments Available Now
Canal Square
359 N West StIndianapolis, IN 46202
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$1,299 - $1,995Studio to 2 Bedroom Apartments Available Now
The Stella
1827 N Meridian StIndianapolis, IN 46202
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$1,306 - $2,1771 to 2 Bedroom Apartments Available Now
Penn Street Tower Apartments
115 N Pennsylvania StIndianapolis, IN 46204
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$1,308 - $2,2501 to 2 Bedroom Apartments Available Now
Nine+Eighteen
918 Fort Wayne AveIndianapolis, IN 46202
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$1,309 - $1,7881 to 2 Bedroom Apartments Available Aug 12
Gardens of Canal Court
434 Canal Court South DrIndianapolis, IN 46202
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$1,310 - $2,235Studio to 2 Bedroom Apartments Available Now
The Continental Towers at Vermont Place
410 N Meridian StIndianapolis, IN 46204
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.
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$1,328 - $2,2891 Bedroom Apartments Available Now
333 Penn Apartments
333 N Pennsylvania StIndianapolis, IN 46204
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$1,3501 Bedroom Apartments Available May 12
946 MLK
946 Dr Martin Luther King Jr StIndianapolis, IN 46202
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$1,3501 Bedroom Apartments Available May 15
Colmar Apartments
1620 Central AveIndianapolis, IN 46202
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$1,360 - $1,6051 to 2 Bedroom Apartments Available Now
Temple Lofts
1225 Dr Martin Luther King Jr StIndianapolis, IN 46202
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$1,375
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1 Bedroom Apartment Available NowTotal Monthly Price
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$1,375
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$1,375
1835 N Pennsylvania St, Unit B
1835 N Pennsylvania StIndianapolis, IN 46202
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$1,376 - $3,629Studio to 2 Bedroom Apartments Available Now
Axis
401 N Senate AveIndianapolis, IN 46204
802 N Meridian St
IndianapolisIN46204
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$1,400 - $1,4501 Bedroom Apartments Available Apr 17
Garden Arch Apartments
726-728 N East StIndianapolis, IN 46202
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1 to 4 Bedroom Apartments
16 Park Apartments
1621 N Park AveIndianapolis, IN 46202
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Studio to 2 Bedroom Apartments
INDY INDIE ARTIST COLONY
26 E 14th StIndianapolis, IN 46202
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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Studio to 1 Bedroom Apartments
The Jordan
1445 N Delaware StIndianapolis, IN 46202
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Studio to 1 Bedroom Apartments
Windsor
1235 N Delaware StIndianapolis, IN 46202
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1 Bedroom Apartments
Barbee
1215 N Pennsylvania StIndianapolis, IN 46202
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Studio to 3 Bedroom Apartments
PICCADILLY
28 E 16th StIndianapolis, IN 46202
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Studio to 1 Bedroom Apartments
The Harrison
1320 N Delaware StIndianapolis, IN 46202
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Studio to 1 Bedroom Apartments
The Marleigh
1434-1448 N Delaware StIndianapolis, IN 46202
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Studio to 2 Bedroom Apartments
The Rotherwood Apartments
1503 N Pennsylvania StIndianapolis, IN 46202
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1 Bedroom Apartments
1733 N. Meridian
1733 N Meridian StIndianapolis, IN 46202
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1 Bedroom Apartments
Capitol Manor
842 N Capitol AveIndianapolis, IN 46204
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Studio Apartments
Victoria Apartments
1244 N Illinois StIndianapolis, IN 46202
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $1,251 | $655 | $4,530 |
| Upper Canal 1 Bedroom Apartments | $1,539 | $497 | $4,924 |
| Upper Canal 2 Bedroom Apartments | $2,169 | $846 | $6,194 |
| Upper Canal 3 Bedroom Apartments | $3,403 | $2,035 | $7,641 |
| Upper Canal 4 Bedroom Apartments | $1,356 | $979 | $5,769 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 78 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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Cheapest Available Upper Canal Apartments for Rent
The cheapest available apartment rental in the Upper Canal area of Indianapolis, IN is a Studio unit found at INDY FLATS priced from $655. St. Agnes Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $765. Here are the most affordable Upper Canal apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| INDY FLATS | Sherwood Std D | Studio,1BA | $655 |
| St. Agnes Apartments | Studio- Standard 2nd -5th* | Studio,1BA | $765 |
| Priscilla on Pennsylvania | Studio- 1st Floor Corner | Studio,1BA | $799 |
| The Davlan | 2-1 | 2BR,1BA | $846 |
| The Whitaker | One Bedroom | 1BR,1BA | $875 |
| Devonshire Apartments in Downtown Indianapolis | 1BR/1.0BA | 1BR,1BA | $890 |
| Canal Gardens | 2.1 40% | 2BR,1BA | $891 |
| 9 On Canal | Studio - Stockholm | Studio,1BA | $895 |
| Madison Apartments | One bedroom | 1BR,1BA | $920 |
| Senate Manor | S.1 C | Studio,1BA | $930 |
Best Value Apartments for Rent in Upper Canal, IN
As of March 05, 2026 the best value apartment in the Upper Canal area is the $0.97 price per square foot loft Model at Shoemaker Building in the in the Riley neighborhood starting from $1,750. The second greatest value Upper Canal apartment is the 3 Bedroom 2 Bath Model at The Block starting at $2,879 with a $1.63 price per square foot in the Riley neighborhood. Here is today’s list of the best values for Upper Canal apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Shoemaker Building | loft | 2BR,2BA | $0.97 |
| The Block | 3 Bedroom 2 Bath | 3BR,2BA | $1.63 |
| The Pointe on Mass | Siren | 1BR,1BA | $1.69 |
| Canal Gardens | 2.1 40% | 2BR,1BA | $0.93 |
| The E'Laan | The Vonnegut | 1BR,1BA | $1.70 |
| Van Dyke | Van Dyke 1B 830 | 1BR,1BA | $1.55 |
| Maxwell Apartments | Amsterdam | 1BR,1BA | $1.52 |
| 1010 Central | Bunker 60% | 1BR,1BA | $1.53 |
| The Washington | 2 Bedroom | 2BR,1BA | $1.47 |
| Madison Apartments | One bedroom | 1BR,1BA | $1.61 |
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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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 ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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
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Lifestyle Ratings
This website compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in metropolitan areas across the United States including Upper Canal, Indianapolis, and the greater Indianapolis area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, kid and pet-friendly communities, availability of transit options, and more. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Upper Canal Apartments
What is a cheap apartment in Upper Canal?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Upper Canal is under $930.
What is the price of a cheap apartment in Upper Canal?
The cheapest apartment in Upper Canal is INDY FLATS which is listed at $830, while the average apartment in Upper Canal costs $2,550.
What types of apartments are the cheapest in Upper 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 82 regular apartments in Upper 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 Upper Canal?
Cheap apartments in Upper Canal have an average cost of $417 which is $2,133 cheaper than the average rent for all rentals in Upper 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
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.
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.
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.
Articles, How-To's, and Tips
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.