Cheap Homes for Rent in the Upper Canal Neighborhood of Indianapolis, IN from $950 (10 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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property at 230 E 9th St

$1,300 - $1,951

1 Bedroom Rentals

Available Now

230 E 9th St

IndianapolisIN46204

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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 Dunbar Court priced from $675. INDY FLATS has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here are the most affordable Upper Canal apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Dunbar CourtStudioStudio,1BA$675
INDY FLATSSherwood Std DStudio,1BA$675
1733 N. Meridian1BR1BR,1BA$780

Best Value Apartments for Rent in Upper Canal, IN

As of August 30, 2026 the best value apartment in the Upper Canal area is the $1.36 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,399. The second greatest value Upper Canal apartment is the B3 Model at 946 MLK starting at $1,820 with a $1.14 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Block3 Bedroom 2 Bath3BR,2BA$1.36
946 MLKB33BR,2BA$1.14
1902 N Talbott St2 Beds, 1 Baths2BR,1BA$1.00
402 E New York St2 Beds, 2.5 Baths2BR,2.5BA$1.55
The Davlan2-12BR,1BA$0.95
Gardens of Canal CourtOne Bedroom One Bath (875 Square Feet)1BR,1BA$1.53
Drake Street Garden HomesTwo Bedroom2BR,1BA$1.33
The McKayMcKay 1B 8311BR,1BA$1.48
1733 N. Meridian1BR1BR,1BA$1.04
The Washington2 Bedroom2BR,1BA$1.47

Frequently Asked Questions about Upper Canal

What type of rentals are currently available in Upper Canal?

There are currently 187 Apartments for Rent in Upper Canal, IN with pricing that ranges from $544 to $11,680. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Upper Canal ranging from $950 to $3,750.

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 $3,750 with an average monthly rent of $2,022.

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 $8,628, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,099 to $2,975. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $2,895.

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.

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