
Cheap Homes for Rent in Upper Canal Neighborhood of Indianapolis, IN from $800 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Upper Canal area of Indianapolis.


37 West St Clair Street

412 E 16th St

1228 W 18th St
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.

230 E 9th St

230 E 9th St

234 E 9th St

335 W 9th St
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.

233 E St Joseph St
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 | $2,195 | $845 | $4,000 |
| Upper Canal 3 Bedroom Homes for Rent | $2,606 | $1,925 | $3,100 |
| Upper Canal 4 Bedroom Homes for Rent | $2,987 | $1,975 | $3,999 |
Browse Homes for Rent in this Neighborhood
There are currently 9 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. 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 |
Best Value Apartments for Rent in Upper Canal, IN
As of March 01, 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 | $1.51 |
| 1010 Central | Bunker 60% | 1BR,1BA | $1.53 |
| The Washington | 2 Bedroom | 2BR,1BA | $1.47 |
| Madison Apartments | One bedroom | 1BR,1BA | $1.61 |
Frequently Asked Questions about Upper Canal
What type of rentals are currently available in Upper Canal?
There are currently 185 Apartments for Rent in Upper Canal, IN with pricing that ranges from $497 to $6,851. There are also 66 Single Family Homes for rent, Condos, and Townhome rentals currently available in Upper Canal ranging from $845 to $4,000.
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 $845 to $4,000 with an average monthly rent of $2,039.
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 $2,035 to $6,851, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,925 to $3,100. Four Bedroom Single-Family rentals are also available starting from $1,975 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

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.