
Cheap Homes for Rent in Upper Canal Neighborhood of Indianapolis, IN from $900 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Upper Canal area of Indianapolis.


145 E 14th St

1661 N Talbott St, Unit 1
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

1228 W 18th St

230 E 9th St

1441 W Lynn Dr
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
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Upper Canal, Indianapolis, IN Local Guide

How much does it cost to rent a home in Upper Canal?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Upper Canal 2 Bedroom Homes for Rent | $2,197 | $1,200 | $2,950 |
| Upper Canal 3 Bedroom Homes for Rent | $1,725 | $1,550 | $1,900 |
| Upper Canal 4 Bedroom Homes for Rent | $2,800 | $2,800 | $2,800 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 1 mile radius of the Upper Canal Neighborhood of Indianapolis, IN.
Explore Indianapolis
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. 1733 N. Meridian has the second lowest priced unit, which is a 1 Bed apartment currently listed from $780. 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 |
| 1733 N. Meridian | 1BR | 1BR,1BA | $780 |
| Priscilla on Pennsylvania | Studio- 1st Floor Corner | Studio,1BA | $799 |
Best Value Apartments for Rent in Upper Canal, IN
As of May 31, 2026 the best value apartment in the Upper Canal area is the $1.39 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,459. The second greatest value Upper Canal apartment is the 2.1 40% Model at Canal Gardens starting at $891 with a $0.93 price per square foot in the Near North Indianapolis 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. |
|---|---|---|---|
| The Block | 3 Bedroom 2 Bath | 3BR,2BA | $1.39 |
| Canal Gardens | 2.1 40% | 2BR,1BA | $0.93 |
| The Davlan | 2-1 | 2BR,1BA | $0.95 |
| Van Dyke | Van Dyke 1B 830 | 1BR,1BA | $1.55 |
| Dunbar Court | 1 bedroom | 1BR,1BA | $1.14 |
| 1733 N. Meridian | 1BR | 1BR,1BA | $1.04 |
| Garden Arch Apartments | Upstairs | 1BR,1BA | $1.60 |
| 1010 Central | Bunker 60% | 1BR,1BA | $1.53 |
| The McKay | McKay 1B 650 | 1BR,1BA | $1.72 |
| St. Agnes Apartments | One Bedroom- Standard 2nd-4th* | 1BR,1BA | $1.38 |
Frequently Asked Questions about Upper Canal
What type of rentals are currently available in Upper Canal?
There are currently 178 Apartments for Rent in Upper Canal, IN with pricing that ranges from $497 to $6,477. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Upper Canal ranging from $950 to $2,950.
What is the current price range for Rental Homes in Upper Canal?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Upper Canal ranges from $950 to $2,950 with an average monthly rent of $2,016.
How much are larger Three and Four Bedroom Rentals in Upper Canal?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Upper Canal range from $799 to $6,477, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,550 to $1,900. Four Bedroom Single-Family rentals are also available starting from $2,800 and Four Bedroom Apartments start at $979.
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

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Articles, How-To's, and Tips

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Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.