9 On Canal
335 W 9th St,
Indianapolis, IN 46202
$910 - $3,315 Total Monthly Price
Studio - 3 Beds
The Canal
Indianapolis, IN
The Canal - Indianapolis, IN Area Guide
Discover the history and excitement of Indy's Central Canal
Walkable
•
Bike-Friendly
•
Downtown
•
Canal
•
Waterfront
•
River
•
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. But while only eight of the dug miles were operational, the canal brought a variety of workers and industries to the area, helping the city to grow. Today, the canal is an American Water Landmark.
Rent Trends
As of March 2026, the average apartment rent in The Canal is $1,172 for a studio, $1,413 for one bedroom, $1,817 for two bedrooms, and $2,700 for three bedrooms. Apartment rent in The Canal has increased by 2.3% in the past year.
-
Studio
-
610 sq ft
Average Sq Ft
-
$1,172/month
Average Rent
-
1 BR
-
738 sq ft
Average Sq Ft
-
$1,413/month
Average Rent
-
2 BR
-
1,121 sq ft
Average Sq Ft
-
$1,817/month
Average Rent
-
3 BR
-
1,244 sq ft
Average Sq Ft
-
$2,700/month
Average Rent
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly The Canal - Indianapolis, IN is for everyday living.
Very Walkable
78
/ 100
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Good Transit
57
/ 100
The area around this property has good transit with many nearby transportation options.
Biker's Paradise
93
/ 100
Do you prefer to get around on two wheels? You’ll love living in this neighborhood, which is considered a biker’s paradise.
Scores provided by Walk Score
Points of Interest
Shopping Centers
Parks and Recreation
- Indiana State Museum
- White River State Park
- White River Gardens
- Indianapolis Zoo
- University Park
Commuter Rail
Airports
- Indianapolis International
Top Apartments in The Canal
Houses for Rent in The Canal
Property Management Companies
Greystar
-
3,490
Communities
-
959,772
Units
-
895
Cities
Willow Bridge
-
715
Communities
-
198,674
Units
-
340
Cities
RPM
-
625
Communities
-
174,401
Units
-
249
Cities
AMC
-
625
Communities
-
125,220
Units
-
245
Cities
Avenue5 Residential
-
557
Communities
-
125,188
Units
-
221
Cities
Cushman & Wakefield
-
457
Communities
-
108,184
Units
-
229
Cities
Search Nearby Rentals
Nearby City Rentals
Nearby Neighborhood Rentals
Nearby House Rentals
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.