
Cheap Homes for Rent in Upper Canal Neighborhood of Indianapolis, IN from $500 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Upper Canal area of Indianapolis.


3 E Washington St

37 West St Clair Street

140 E 19th St

146 E 19th St

1717 N Talbott 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 | $2,261 | $850 | $3,900 |
Upper Canal 3 Bedroom Homes for Rent | $2,318 | $1,399 | $3,995 |
Upper Canal 4 Bedroom Homes for Rent | $2,650 | $2,650 | $2,650 |
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.
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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 The Washington priced from $775. Canal Gardens has the second lowest priced unit, which is a 2 Beds apartment currently listed from $891. Here are the most affordable Upper Canal apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Washington | Studio | Studio,1BA | $775 |
Canal Gardens | 2.1 40% | 2BR,1BA | $891 |
Priscilla on Pennsylvania | Studio- 1st Floor Corner | Studio,1BA | $900 |
Best Value Apartments for Rent in Upper Canal, IN
As of October 01, 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 1924 N Talbott St Model at 1924 N Talbott St, Unit 4 starting at $1,800 with a $1.16 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. |
---|---|---|---|
Shoemaker Building | loft | 2BR,2BA | $1.08 |
1924 N Talbott St, Unit 4 | 1924 N Talbott St | 3BR,2BA | $1.16 |
Gardens of Canal Court | Two Bedroom Two Bath (1,250 Square Feet) | 2BR,2BA | $1.23 |
Pavillion | Two Bedrooms, One Bathroom- Sublevel | 2BR,1BA | $1.12 |
Penn Street Tower Apartments | Maryland: Floors 10-12 | 2BR,1BA | $1.51 |
Canal Gardens | 2.1 40% | 2BR,1BA | $0.93 |
Colmar Apartments | Front One Bedroom | 1BR,1BA | $1.53 |
Drake Street Garden Homes | Two Bedroom | 2BR,1BA | $1.38 |
Indiana Flats and Townhomes | 2 x 1 | 2BR,1BA | $1.49 |
The Seminole | 1br | 1BR,1BA | $1.28 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleUpper Canal, Indianapolis, IN
Ranked #8
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 183 Apartments for Rent in Upper Canal, IN with pricing that ranges from $650 to $6,275. There are also 80 Single Family Homes for rent, Condos, and Townhome rentals currently available in Upper Canal ranging from $599 to $3,995.
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 $3,995 with an average monthly rent of $1,987.
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 $1,800 to $6,275, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,399 to $3,995. Four Bedroom Single-Family rentals are also available starting from $2,650 and Four Bedroom Apartments start at $3,496.
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.

Kansas Citys Major Employers & the Best Places to Rent Near Them | A Local Expert Guide
Written by: Amber Kanuckel
Hey, there! I’m Amber, your ApartmentHomeLiving.com local expert for Kansas City, and I’m back with my recommendations for top employers in the area.

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.