4 E Washington St
IndianapolisIN46204
Cheap Homes for Rent in Canal Walk Neighborhood of Indianapolis, IN from $600 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Canal Walk area of Indianapolis.
37 West St Clair Street
IndianapolisIN46204
312 E 13th St
IndianapolisIN46202
1408 Broadway St
IndianapolisIN46202
234 E 9th St
IndianapolisIN46204
1335 Central Ave
IndianapolisIN46202
705 Stevens St
IndianapolisIN46203
501 Madison Ave
IndianapolisIN46225
Canal Walk
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
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Canal Walk, Indianapolis, IN Local Guide
How much does it cost to rent a home in Canal Walk?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Canal Walk 2 Bedroom Homes for Rent | $2,459 | $1,695 | $2,900 |
| Canal Walk 3 Bedroom Homes for Rent | $2,871 | $1,800 | $6,200 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 1 mile radius of the Canal Walk Neighborhood of Indianapolis, IN.
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Canal Walk, Indianapolis, IN Local Guide
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Cheapest Available Canal Walk Apartments for Rent
The cheapest available apartment rental in the Canal Walk area of Indianapolis, IN is a Studio unit found at Illinois Street Senior Apartments priced from $462. 1010 Central has the second lowest priced unit, which is a 1 Bed apartment currently listed from $690. Here are the most affordable Canal Walk apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Illinois Street Senior Apartments | Studio 3 30% | Studio,1BA | $462 |
| 1010 Central | Loft 40% | 1BR,1BA | $690 |
| The Seminole | 1br | 1BR,1BA | $833 |
Best Value Apartments for Rent in Canal Walk, IN
As of April 05, 2025 the best value apartment in the Canal Walk area is the $1.24 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,199. The second greatest value Canal Walk apartment is the Renovated Park Avenue Model at The Pointe on Mass starting at $2,470 with a $1.63 price per square foot in the Near North Indianapolis neighborhood. Here is today’s list of the best values for Canal Walk apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Block | 3 Bedroom 2 Bath | 3BR,2BA | $1.24 |
| The Pointe on Mass | Renovated Park Avenue | 2BR,2BA | $1.63 |
| Gardens of Canal Court | Two Bedroom Two Bath (1,184 - 1,194 Square Feet) | 2BR,2BA | $1.29 |
| Penn Street Tower Apartments | Senate | 2BR,1BA | $1.37 |
| The E'Laan | The Vonnegut II | 1BR,1BA | $1.60 |
| Indiana Flats and Townhomes | 2 x 1 | 2BR,1BA | $1.49 |
| The Seminole | 1br | 1BR,1BA | $1.13 |
| Raleigh | Raleigh 1B 706 | 1BR,1BA | $1.63 |
| 1010 Central | Garage 60% | 1BR,1BA | $1.58 |
| Illinois Street Senior Apartments | Studio 1 40% | Studio ,1BA | $1.59 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Canal Walk
What type of rentals are currently available in Canal Walk?
There are currently 154 Apartments for Rent in Canal Walk, IN with pricing that ranges from $605 to $8,137. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Canal Walk ranging from $695 to $6,200.
What is the current price range for Rental Homes in Canal Walk?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Canal Walk ranges from $695 to $6,200 with an average monthly rent of $1,910.
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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.