Cheap Homes for Rent in Upper Canal Neighborhood of Indianapolis, IN from $500 (16 Rentals)

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Search the lowest-cost Homes available for rent right now in the Upper Canal area of Indianapolis.

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Upper Canal, Indianapolis, IN Local Guide

Cheapest Available Upper Canal Apartments for Rent

 

The cheapest available apartment rental in the Upper Canal area of Indianapolis, IN is a 1 Bed unit found at 1010 Central priced from $540. Priscilla on Pennsylvania has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here are the most affordable Upper Canal apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
1010 CentralLoft 30%1BR,1BA$540
Priscilla on PennsylvaniaStudioStudio,1BA$875
The Seminole1br1BR,1BA$938
Madison ApartmentsOne bedroom1BR,1BA$960
Devonshire Apartments in Downtown Indianapolis1BR/1.0BA1BR,1BA$990

Best Value Apartments for Rent in Upper Canal, IN

As of August 14, 2025 the best value apartment in the Upper Canal area is the $1.08 price per square foot loft Model at Shoemaker Building in the in the Riley neighborhood starting from $1,950. The second greatest value Upper Canal apartment is the 1 Bedroom 1 Bath Model at The Block starting at $1,599 with a $1.10 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Shoemaker Buildingloft2BR,2BA$1.08
The Block1 Bedroom 1 Bath1BR,1BA$1.10
Gardens of Canal CourtTwo Bedroom Two Bath (1,184 - 1,194 Square Feet)2BR,2BA$1.29
Penn Street Tower ApartmentsSenate 2 Bedroom 1 Bath Apartment at 115 Penn A...2BR,1BA$1.37
RaleighRaleigh 2B 10042BR,2BA$1.59
Colmar ApartmentsFront One Bedroom1BR,1BA$1.62
Van DykeVan Dyke 1B 8301BR,1BA$1.55
Indiana Flats and Townhomes2 x 12BR,1BA$1.49
The Seminole1br1BR,1BA$1.28
Artistry IndyRococo1BR,1BA$1.64

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Frequently Asked Questions about Upper Canal

What type of rentals are currently available in Upper Canal?

There are currently 179 Apartments for Rent in Upper Canal, IN with pricing that ranges from $650 to $5,986. There are also 81 Single Family Homes for rent, Condos, and Townhome rentals currently available in Upper Canal ranging from $599 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 $599 to $4,000 with an average monthly rent of $1,784.

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.

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