
Cheap Homes for Rent in Upper Canal Neighborhood of Indianapolis, IN from $700 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the Upper Canal area of Indianapolis.


146 E 19th St

140 E 19th St

3 E Washington St

37 West St Clair Street
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.

125 E 17th St

410 E 16th St

1717 N Talbott 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.

832 N California St

412 E 16th St

830 N California St

946 Doctor M.L.K. Jr St
Cash 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.
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 | $2,004 | $849 | $3,800 |
| Upper Canal 3 Bedroom Homes for Rent | $2,646 | $1,350 | $3,500 |
| Upper Canal 4 Bedroom Homes for Rent | $2,147 | $1,795 | $2,500 |
Browse Homes for Rent in this Neighborhood
There are currently 15 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 $705. 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 | $705 |
| St. Agnes Apartments | 514 Studio | Studio,1BA | $765 |
| Dunbar Court | 1 bedroom | 1BR,1BA | $875 |
| Devonshire Apartments in Downtown Indianapolis | 1BR/1.0BA | 1BR,1BA | $890 |
| Canal Gardens | 2.1 40% | 2BR,1BA | $891 |
Best Value Apartments for Rent in Upper Canal, IN
As of November 16, 2025 the best value apartment in the Upper Canal area is the $1.11 price per square foot 2 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $1,999. The second greatest value Upper Canal apartment is the B3 Model at 946 MLK starting at $2,020 with a $1.27 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 | 2 Bedroom 2 Bath | 2BR,2BA | $1.11 |
| 946 MLK | B3 | 3BR,2BA | $1.27 |
| Maxwell Apartments | London | 2BR,2BA | $1.24 |
| Shoemaker Building | flat | 2BR,2BA | $1.45 |
| Gardens of Canal Court | One Bedroom One Bath (992 Square Feet) | 1BR,1BA | $1.37 |
| Indy Colonial Apartments | 311 | 1BR,1BA | $1.05 |
| Canal Gardens | 2.1 40% | 2BR,1BA | $0.93 |
| Pavillion | Two Bedrooms, One Bathroom | 2BR,1BA | $1.41 |
| Dunbar Court | 1 bedroom | 1BR,1BA | $1.14 |
| The Washington | 2 Bedroom | 2BR,1BA | $1.47 |
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.
Read ArticleThe 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 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 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.
Pet Friendly LifestyleUpper Canal, Indianapolis, IN
Ranked #9
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Upper Canal
What type of rentals are currently available in Upper Canal?
There are currently 182 Apartments for Rent in Upper Canal, IN with pricing that ranges from $581 to $8,214. There are also 94 Single Family Homes for rent, Condos, and Townhome rentals currently available in Upper Canal ranging from $750 to $3,800.
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 $750 to $3,800 with an average monthly rent of $1,867.
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 $1,900 to $8,214, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $919.
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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.


