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Monthly Rent
$1,299 - $2,224
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Bedrooms
Studio - 2 bd
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Bathrooms
1 - 2 ba
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Square Feet
450 - 1,300 sq ft
Located in the heart of downtown Indianapolis, Canal Square Apartments places you steps from the scenic Canal Walk, Military Park, and all the energy of city life. Choose from spacious pet-friendly studio, one-, and two-bedroom apartment homes designed for comfort and convenience. Whether you're sipping coffee from a local café, attending a concert at White River State Park, or enjoying an evening walk along the water, everything you love about downtown living is within easy reach. With modern finishes, skyline views, and a vibrant neighborhood just outside your door, Canal Square is your perfect downtown retreat.
Highlights
- Bike-Friendly Area
- Pet Washing Station
- Pool
- Walking/Biking Trails
- Fireplace
- Elevator
- Business Center
Pricing & Floor Plans
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Unit 223price $1,299square feet 484availibility Now
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Unit 458price $1,299square feet 484availibility Now
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Unit 157price $1,299square feet 484availibility Jun 3
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Unit 158price $1,399square feet 484availibility Now
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Unit 236price $1,409square feet 484availibility Apr 3
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Unit 330price $1,409square feet 484availibility May 21
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Unit 206price $1,529square feet 737availibility Now
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Unit 306price $1,639square feet 737availibility Jun 16
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Unit 460price $1,539square feet 737availibility Jul 7
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Unit 391price $1,634square feet 803availibility Now
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Unit 289price $1,634square feet 803availibility Apr 24
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Unit 191price $1,634square feet 803availibility Jun 7
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Unit 279price $1,714square feet 797availibility Now
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Unit 371price $1,714square feet 797availibility Aug 31
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Unit 372price $1,784square feet 797availibility Now
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Unit 172price $1,774square feet 797availibility Aug 4
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Unit 148price $1,619square feet 737availibility Mar 21
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Unit 304price $1,659square feet 737availibility May 16
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Unit 302price $1,644square feet 737availibility Jun 2
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Unit 416price $1,549square feet 737availibility May 8
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Unit 483price $1,859square feet 1,125availibility Jul 9
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Unit 114price $1,519square feet 737availibility Jul 20
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Unit 383price $2,159square feet 1,125availibility Sep 9
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Unit 376price $2,144square feet 1,099availibility Now
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Unit 174price $2,104square feet 1,099availibility Jul 8
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Unit 373price $2,164square feet 1,099availibility Jul 10
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Unit 454price $1,819square feet 973availibility May 7
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Unit 310price $1,919square feet 973availibility May 8
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Unit 254price $1,934square feet 973availibility Jun 10
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Unit 180price $2,069square feet 1,067availibility May 11
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Unit 188price $2,124square feet 1,067availibility Jun 15
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Unit 381price $2,094square feet 1,067availibility Aug 18
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Unit 451price $1,759square feet 973availibility May 12
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Unit 313price $1,759square feet 973availibility May 26
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Unit 351price $1,759square feet 973availibility Jun 9
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Unit 251price $1,774square feet 973availibility May 21
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Unit 125price $1,749square feet 973availibility May 24
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Unit 126price $1,859square feet 973availibility May 26
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Unit 486price $1,929square feet 1,118availibility May 21
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Unit 284price $2,029square feet 1,118availibility Aug 11
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Unit 275price $2,104square feet 1,099availibility May 21
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Unit 175price $2,224square feet 1,099availibility Aug 11
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Unit 382price $1,834square feet 1,118availibility Jun 7
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Unit 287price $1,834square feet 1,118availibility Jun 17
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Unit 482price $1,834square feet 1,118availibility Jun 19
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Unit 290price $1,914square feet 1,067availibility Jun 9
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Unit 480price $1,914square feet 1,067availibility Aug 7
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Unit 410price $1,819square feet 973availibility Jul 28
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Unit 108price $1,864square feet 973availibility Aug 5
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Unit 223price $1,299square feet 484availibility Now
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Unit 458price $1,299square feet 484availibility Now
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Unit 157price $1,299square feet 484availibility Jun 3
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Unit 158price $1,399square feet 484availibility Now
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Unit 236price $1,409square feet 484availibility Apr 3
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Unit 330price $1,409square feet 484availibility May 21
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Unit 206price $1,529square feet 737availibility Now
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Unit 306price $1,639square feet 737availibility Jun 16
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Unit 460price $1,539square feet 737availibility Jul 7
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Unit 391price $1,634square feet 803availibility Now
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Unit 289price $1,634square feet 803availibility Apr 24
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Unit 191price $1,634square feet 803availibility Jun 7
-
Unit 279price $1,714square feet 797availibility Now
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Unit 371price $1,714square feet 797availibility Aug 31
-
Unit 372price $1,784square feet 797availibility Now
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Unit 172price $1,774square feet 797availibility Aug 4
-
Unit 148price $1,619square feet 737availibility Mar 21
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Unit 304price $1,659square feet 737availibility May 16
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Unit 302price $1,644square feet 737availibility Jun 2
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Unit 416price $1,549square feet 737availibility May 8
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Unit 483price $1,859square feet 1,125availibility Jul 9
-
Unit 114price $1,519square feet 737availibility Jul 20
-
Unit 383price $2,159square feet 1,125availibility Sep 9
-
Unit 376price $2,144square feet 1,099availibility Now
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Unit 174price $2,104square feet 1,099availibility Jul 8
-
Unit 373price $2,164square feet 1,099availibility Jul 10
-
Unit 454price $1,819square feet 973availibility May 7
-
Unit 310price $1,919square feet 973availibility May 8
-
Unit 254price $1,934square feet 973availibility Jun 10
-
Unit 180price $2,069square feet 1,067availibility May 11
-
Unit 188price $2,124square feet 1,067availibility Jun 15
-
Unit 381price $2,094square feet 1,067availibility Aug 18
-
Unit 451price $1,759square feet 973availibility May 12
-
Unit 313price $1,759square feet 973availibility May 26
-
Unit 351price $1,759square feet 973availibility Jun 9
-
Unit 251price $1,774square feet 973availibility May 21
-
Unit 125price $1,749square feet 973availibility May 24
-
Unit 126price $1,859square feet 973availibility May 26
-
Unit 486price $1,929square feet 1,118availibility May 21
-
Unit 284price $2,029square feet 1,118availibility Aug 11
-
Unit 275price $2,104square feet 1,099availibility May 21
-
Unit 175price $2,224square feet 1,099availibility Aug 11
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Unit 382price $1,834square feet 1,118availibility Jun 7
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Unit 287price $1,834square feet 1,118availibility Jun 17
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Unit 482price $1,834square feet 1,118availibility Jun 19
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Unit 290price $1,914square feet 1,067availibility Jun 9
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Unit 480price $1,914square feet 1,067availibility Aug 7
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Unit 410price $1,819square feet 973availibility Jul 28
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Unit 108price $1,864square feet 973availibility Aug 5
Fees and Policies
The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified. Use the Cost Calculator to determine costs based on your needs.
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One-Time Basics
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Due at Application
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Application Fee Per ApplicantCharged per applicant.$65
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Due at Move-In
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Administrative FeeCharged per unit.$150
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Due at Application
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Dogs
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Monthly Pet FeeMax of 2. Charged per pet.$30
0 lbs. Weight Limit -
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Cats
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Monthly Pet FeeMax of 2. Charged per pet.$30
0 lbs. Weight Limit -
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Other Pets
Max of 2
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One-Time Pet FeeCharged per unit.$350
Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.
Details
Lease Options
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2 - 15 Month Leases
Property Information
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Built in 1989
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322 units/4 stories
Matterport 3D Tours
Select a unit to view pricing & availability
About Canal Square
Located in the heart of downtown Indianapolis, Canal Square Apartments places you steps from the scenic Canal Walk, Military Park, and all the energy of city life. Choose from spacious pet-friendly studio, one-, and two-bedroom apartment homes designed for comfort and convenience. Whether you're sipping coffee from a local café, attending a concert at White River State Park, or enjoying an evening walk along the water, everything you love about downtown living is within easy reach. With modern finishes, skyline views, and a vibrant neighborhood just outside your door, Canal Square is your perfect downtown retreat.
Canal Square is an apartment community located in Marion County and the 46202 ZIP Code. This area is served by the Indianapolis Public Schools attendance zone.
Unique Features
- Balcony or Patio
- Walking Trail
- Valet Trash Service
- Focus Room
- Grilling Area
- Pet Wash Station
- Smart Thermostats
Community Amenities
Pool
Fitness Center
Elevator
Business Center
- Package Service
- Pet Washing Station
- Elevator
- Business Center
- Fitness Center
- Pool
- Walking/Biking Trails
- Courtyard
Apartment Features
- Fireplace
- Granite Countertops
- Stainless Steel Appliances
Constructed around 1830, Indianapolis' Central Canal brings an old-world charm to Downtown Indy. The neighborhood that surrounds this historic waterway is simply referred to as "the Canal." The Canal offers great shops, restaurants, the Downtown Canal Walk, and a lively scene that includes gondolas, pedal boats, and surreys. The neighborhood is close to Butler University, providing a student vibe to the community as well. Other nearby attractions include White River State Park, the Indianapolis Museum of Art, and the Indiana Historical Society.
In the early 1800s, the residents of Indiana -- who up to this point relied on horses to transport goods -- were inspired by the construction of the Erie Canal in New York. When construction started in 1836, the plan was to extend the canal 296 miles. Three years later, the state faced bankruptcy and the project was halted.
Learn more about living in The CanalCompare neighborhood and city base rent averages by bedroom.
| The Canal | Indianapolis, IN | |
|---|---|---|
| Studio | $1,172 | $971 |
| 1 Bedroom | $1,413 | $1,119 |
| 2 Bedrooms | $1,817 | $1,325 |
| 3 Bedrooms | $2,700 | $1,529 |
- Package Service
- Pet Washing Station
- Elevator
- Business Center
- Courtyard
- Fitness Center
- Pool
- Walking/Biking Trails
- Balcony or Patio
- Walking Trail
- Valet Trash Service
- Focus Room
- Grilling Area
- Pet Wash Station
- Smart Thermostats
- Fireplace
- Granite Countertops
- Stainless Steel Appliances
| Monday | 10am - 6pm |
|---|---|
| Tuesday | 10am - 6pm |
| Wednesday | 10am - 6pm |
| Thursday | 10am - 6pm |
| Friday | 10am - 6pm |
| Saturday | 10am - 5pm |
| Sunday | Closed |
| Colleges & Universities | Distance | ||
|---|---|---|---|
| Colleges & Universities | Distance | ||
| Walk: | 15 min | 0.8 mi | |
| Drive: | 4 min | 1.4 mi | |
| Drive: | 6 min | 2.6 mi | |
| Drive: | 10 min | 4.5 mi |
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by GreatSchools.org © 2026. All rights reserved.
Canal Square Photos
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Canal Square
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Model - 2BR, 2BA - 973SF
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Pool
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2BR, 2BA - 973SF - Living Room
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Fitness Center
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Bike Garage
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Grill Area
Models
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St. Clair
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St. Clair
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Arch Upgraded
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Arch Upgraded
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Arch
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Arch
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Canal Square does not offer in-unit laundry or shared facilities. Please contact the property to learn about nearby laundry options.
Utilities are not included in rent. Residents should plan to set up and pay for all services separately.
Contact this property for parking details.
Canal Square has studios to two-bedrooms with rent ranges from $1,299/mo. to $2,224/mo.
Yes, Canal Square welcomes pets. Breed restrictions, weight limits, and additional fees may apply. View this property's pet policy.
A good rule of thumb is to spend no more than 30% of your gross income on rent. Based on the lowest available rent of $1,299 for a one-bedroom, you would need to earn about $51,960 per year to qualify. Want to double-check your budget? Calculate how much rent you can afford with our Rent Affordability Calculator.
Canal Square is not currently offering any rent specials. Check back soon, as promotions change frequently.
Yes! Canal Square offers 20 Matterport 3D Tours. Explore different floor plans and see unit level details, all without leaving home.
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.
What is a Sound Score Rating?
A Sound Score Rating aggregates noise caused by vehicle traffic, airplane traffic and local sources.
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