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Kennedy Apartments
806 Dr Martin Luther King Jr StIndianapolis, IN 46202
Cheap Apartments for Rent in the Upper Canal Neighborhood of Indianapolis, IN from $500 (65 Rentals)
Search the lowest-cost Apartments available for rent right now in the Upper Canal area of Indianapolis.
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from $605Studio to 1 Bedroom Apartments Contact Us For Availability
Indy Flats
1304 N Delaware StIndianapolis, IN 46202
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from $640Studio to 1 Bedroom Apartments Contact Us For Availability
Dunbar Court
1022 Dr Martin Luther King StIndianapolis, IN 46202
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from $800Studio to 2 Bedroom Apartments Available May 2
The Washington
1401 N Pennsylvania StIndianapolis, IN 46202
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from $8201 Bedroom Apartments Available Jul 17
St. Agnes Apartments
1350 N Meridian StIndianapolis, IN 46202
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from $8451 to 2 Bedroom Apartments Available May 14
The Whitaker
1504 N Pennsylvania StIndianapolis, IN 46202
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from $875Studio Apartments Available Now
Priscilla on Pennsylvania
1309 N Pennsylvania StIndianapolis, IN 46202
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from $910Studio to 2 Bedroom Apartments Available Now
Circle City Apartments
1321 N Meridian StIndianapolis, IN 46202
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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from $950Studio Apartments Contact Us For Availability
Maryden on Central
1308 Central AveIndianapolis, IN 46202
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from $9501 Bedroom Apartments Available May 1
Christian Place Apartments
824 N Alabama StIndianapolis, IN 46204
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from $9891 to 2 Bedroom Apartments Available Now
Lockefield Gardens
737 Lockefield LnIndianapolis, IN 46202
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from $9901 Bedroom Apartments Available May 16
Devonshire Apartments in Downtown Indianapolis
412 N Alabama StIndianapolis, IN 46204
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from $1,0502 Bedroom Apartments Contact Us For Availability
Drake Street Garden Homes
512-568 Drake StIndianapolis, IN 46202
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from $1,056Studio to 3 Bedroom Apartments Available Now
Riley Towers
650 N Alabama StIndianapolis, IN 46204
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from $1,085Studio to 2 Bedroom Apartments Available May 6
Maxwell Apartments
530 E Ohio Street, Suite CIndianapolis, IN 46204
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from $1,089Studio to 3 Bedroom Apartments Available Now
Artistry Indy
451-475 E Market StIndianapolis, IN 46204
126 E Vermont St
IndianapolisIN46204
Upper Canal - One of the Best Affordable Neighborhoods in Indianapolis
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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from $1,1491 to 4 Bedroom Apartments Available Now
Ralston Apartments
1201 Indiana AveIndianapolis, IN 46202
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from $1,1951 to 2 Bedroom Apartments Available Now
Temple Lofts
1225 Dr Martin Luther King Jr StIndianapolis, IN 46202
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from $1,2001 Bedroom Apartments Available May 1
Indy Colonial Apartments
402-406 N Delaware StIndianapolis, IN 46204
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from $1,2001 to 3 Bedroom Apartments Available Now
946 MLK
946 Dr Martin Luther King Jr StIndianapolis, IN 46202
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from $1,2201 to 3 Bedroom Apartments Contact Us For Availability
9 on Canal
335 W 9th StIndianapolis, IN 46202
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from $1,117Studio to 2 Bedroom Apartments Available Now
Canal Square
359 N West StIndianapolis, IN 46202
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from $1,2501 Bedroom Apartments Available Now
Wyndham Apartments
1040 N Delaware StIndianapolis, IN 46202
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from $1,2591 to 2 Bedroom Apartments Available Now
333 Penn Apartments
333 N Pennsylvania StIndianapolis, IN 46204
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from $1,289Studio to 2 Bedroom Apartments Available Now
Wesley Place
75 W 18th StIndianapolis, IN 46202
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from $1,295Studio to 2 Bedroom Apartments Available Now
The E'Laan
515 E Market StIndianapolis, IN 46204
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from $1,2991 to 2 Bedroom Apartments Available Now
Penn Street Tower Apartments
115 N Pennsylvania StIndianapolis, IN 46204
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from $1,3001 to 3 Bedroom Apartments Available Now
The Continental Towers at Vermont Place
410 N Meridian StIndianapolis, IN 46204
406 N Delaware St
IndianapolisIN46204
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Upper Canal, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Upper Canal?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Upper Canal Studio Apartments | $1,305 | $605 | $3,650 |
| Upper Canal 1 Bedroom Apartments | $1,584 | $559 | $3,936 |
| Upper Canal 2 Bedroom Apartments | $2,290 | $1,035 | $9,594 |
| Upper Canal 3 Bedroom Apartments | $2,464 | $1,789 | $5,624 |
| Upper Canal 4 Bedroom Apartments | $1,275 | $989 | $2,420 |
Browse Apartments in this Neighborhood
There are currently 65 rentals with your search options within a 1 mile radius of the Upper Canal Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Upper Canal, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
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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 1 Bed unit found at Kennedy Apartments priced from $559. 1733 N. Meridian has the second lowest priced unit, which is a 1 Bed apartment currently listed from $780. Here are the most affordable Upper Canal apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Kennedy Apartments | 1 Bed 1 Bath | 1BR,1BA | $559 |
| 1733 N. Meridian | 1BR | 1BR,1BA | $780 |
| The Seminole | 1br | 1BR,1BA | $833 |
| Priscilla on Pennsylvania | Studio | Studio,1BA | $875 |
| Circle City Apartments | Winterhouse Studio 389 | Studio,1BA | $910 |
| Van Dyke | Van Dyke Studio 463 | Studio,1BA | $970 |
| Lockefield Gardens | Standard One Bedroom (SR4) | 1BR,1BA | $989 |
| Senate Manor | 1.1 Ap | 1BR,1BA | $1,005 |
| 800 Capitol | Imprint 60% | 1BR,1BA | $1,005 |
| Spink | Spink Studio 510 | Studio,1BA | $1,030 |
Best Value Apartments for Rent in Upper Canal, IN
As of April 29, 2025 the best value apartment in the Upper Canal 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 Upper Canal apartment is the Two Bedroom Two Bath (1,184 - 1,194 Square Feet) Model at Gardens of Canal Court starting at $1,543 with a $1.29 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 | 3 Bedroom 2 Bath | 3BR,2BA | $1.24 |
| Gardens of Canal Court | Two Bedroom Two Bath (1,184 - 1,194 Square Feet) | 2BR,2BA | $1.29 |
| The Continental Towers at Vermont Place | Turnverein 313- Townhome | 2BR,1.5BA | $1.63 |
| Penn Street Tower Apartments | Senate: Floors 10-12 | 2BR,1BA | $1.37 |
| Raleigh | Raleigh 1BTH 886 | 1BR,2BA | $1.42 |
| 1733 N. Meridian | 1BR | 1BR,1BA | $1.04 |
| The Seminole | 1br | 1BR,1BA | $1.13 |
| Indiana Flats and Townhomes | 2 x 1 Townhome | 2BR,1BA | $1.63 |
| 1010 Central | Depot 60% | 1BR,1BA | $1.59 |
| Illinois Street Senior Apartments | 1BR 1A 60% | 1BR,1BA | $1.55 |
Quick Rent Budget Calculator
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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.
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Pet Friendly LifestyleUpper Canal, Indianapolis, IN
Ranked #9
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
This website compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in metropolitan areas across the United States including Upper Canal, Indianapolis, and the greater Indianapolis area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, kid and pet-friendly communities, availability of transit options, and more. These search options are in the site filters at the top of this page.
Getting Around the Upper Canal Neighborhood in Indianapolis, IN
Walk Score®
84 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
94 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
57 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Upper Canal Apartments
What is a cheap apartment in Upper Canal?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Upper Canal is under $1,030.
What is the price of a cheap apartment in Upper Canal?
The cheapest apartment in Upper Canal is Kennedy Apartments which is listed at $559, while the average apartment in Upper Canal costs $2,095.
What types of apartments are the cheapest in Upper Canal?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 16 regular apartments in Upper Canal that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Upper Canal?
Cheap apartments in Upper Canal have an average cost of $791 which is $1,304 cheaper than the average rent for all rentals in Upper Canal.
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.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.