Canal Square Apartments of Indianapolis

📍 359 North West Street, Indianapolis, IN 46202

Monthly Rent

$855 – $1,635

Bedrooms

1–2 bd

Bathrooms

1 ba

Sq Feet

484 sq ft

Updated 9 days ago

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📋 Property Overview

1 - 2 bd / 1 ba rental in Downtown Indianapolis, Indianapolis, Indiana. The floor plan measures 484 sq ft. Rents run from $855 to $1,635 a month. Features in the home include ceiling fan, dishwasher, air conditioning and fireplace. On site there is 24hr gym, coffee bar, cats allowed and 24hr maintenance. Pets are allowed (cats and dogs), with pet rent of $30. Parking on site includes covered parking and parking. The standard lease term is 12 months. Availability: Available now. With a Walk Score of 82, most errands can be done on foot. Transit Score is 58. That is 37% below the local median of $1,350.

🚶 Getting Around

Walk Score82/100
Very Walkable
Transit Score58/100
Good Transit

15 transit routes nearby

15Bus

1 bedroom · typical rent nearby$1,286

Market trend: Falling · as of August 2026

💵 Costs & Lease

Deposit: $500-$2600
Lease length: 12 months
Units available: 44 units

Amounts are as published by the source and may change. Confirm before applying.

📐 Floor Plan Details

B7 West Upgrade2 bd · 2 ba · 1,300 sq ftNone available right now
A1 Arch1 bd · 1 ba · 484 sq ftNone available right now
A1 Arch Upgrade1 bd · 1 ba · 484 sq ft$8551 unit available
A2 Blake1 bd · 1 ba · 737 sq ftNone available right now
A3 Capitol1 bd · 1 ba · 737 sq ftNone available right now
A3 Capitol Upgrade1 bd · 1 ba · 737 sq ft$1,1101 unit available
A4 Meridian Upgrade1 bd · 1 ba · 797 sq ftNone available right now
A5 New York Upgrade1 bd · 1 ba · 797 sq ftNone available right now
A6 Pennsylvania1 bd · 1 ba · 803 sq ft$1,0552 units available
A7 Senate1 bd · 1 ba · 1,125 sq ft$1,5001 unit available
A7 Senate Upgrade1 bd · 1 ba · 1,125 sq ft$1,4902 units available
B1 Delaware2 bd · 2 ba · 973 sq ftNone available right now

🎉 Current Specials

Waived Short Term Lease Fees! --- Move-in by 9/30 and get waived short term lease fees for 6-9 month lease terms on select units
Waived Short Term Lease Fees! --- Move-in by 9/30 and get waived short term lease fees for 6-8 month lease terms
$500 off 1st Month's Rent --- Get $500 off your 1st months rent when you move-in by 9/30 on a 12 month lease on select Units!

🧾 Move-in Costs & Lease

Security deposit: $500-$2600
Move-in fee: $100 admin fee
Other fees: Renter's insurance required
Lease length: 12 months
Lease options: 3-12 months
Available: Available now
Application fee: $60 per applicant, paid to RivoRent

Property amounts are as published by the source and may change. Confirm before applying. The application fee is RivoRent's own and is the same on every listing.

🛡️ Renters Insurance — Estimated Cost

Estimated range for Indiana at $20,000 – $24,999 of personal property

$14–$16/ monthEstimate — not a quote

About $177–$185 a year.

Based on what Indiana renters actually paid: NAIC industry data for 2023 (average HO-4 premium, 388,827 policy-years), adjusted to July 2026 with the U.S. Bureau of Labor Statistics tenants' insurance index. It is a market average, not a price for this building and not a price for you.

Your own price depends most on your credit-based insurance score, your claims history and which carrier you choose. In published Ohio figures the same coverage ranges from $127 a year at excellent credit to $933 at poor credit. We do not ask for any of that, so we cannot narrow this for you.

Compare what companies charge and get a real quote