Cheap Apartments for Rent in Canaan, IN from $700 (31 Rentals)

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Sparrow Ridge
1 to 2 Bedroom Apartments

Sparrow Ridge

2375 Southpark DrHebron, KY 41048
Senior Living
  • Utilities Included
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Canaan, IN Local Guide

Cheapest Available Canaan Apartments for Rent and Nearby

 

The cheapest available apartment rental in Canaan, IN is a 1 Bed unit found at Stonebrook of Scottsburg priced from $750. Water's Edge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $771. Here is today’s list of the most affordable Canaan apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Stonebrook of ScottsburgA11BR,1BA$750
Water's EdgeOne Bedroom Reservation List1BR,1BA$771
281 E Main StOne Bed, One Bath1BR,1BA$775
Meadow Creek Townhomes2 Bed2BR,1BA$800
Hayfield ParkStudio RenoStudio,1BA$940
Depot Square FlatsMitchell, Unit F1BR,1BA$1,100
Burgundy Hills ApartmentsCarlton1BR,1BA$1,150
Newly Renovated Apartments2 bed 2 bath2BR,1BA$1,150
Florence HallSedonaStudio,1BA$1,195
Whiskey RiverS1Studio,1BA$1,195

Best Value Apartments for Rent in Canaan, IN and Nearby

As of October 24, 2025 the best value apartment in the Canaan area is the $1.24 price per square foot 2 Bedrooms, 2.5 Bathrooms w/Study Model at Hopeful Trace Townhomes in the in the French Quarter at Orleans neighborhood starting from $2,100. The second greatest value Canaan apartment is the 3 bedroom 2 bathroom Model at Affinity of Union starting at $1,665 with a $1.19 price per square foot in the French Quarter at Orleans neighborhood. Here is today’s list of the best values for Canaan apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hopeful Trace Townhomes2 Bedrooms, 2.5 Bathrooms w/Study2BR,2.5BA$1.24
Affinity of Union3 bedroom 2 bathroom3BR,2BA$1.19
Sanctuary Place2 Bed 2 Bath2BR,2BA$1.03
Bluffs of Burlington2-Bedroom SM & LG2BR,2BA$1.24
South Pointe Townhomes3 Bedroom Garden3BR,2BA$1.21
Newly Renovated Apartments2 bed 2 bath2BR,1BA$1.20
281 E Main StOne Bed, One Bath1BR,1BA$0.97
Stonebrook of ScottsburgB12BR,1BA$1.23
Meadow Creek Townhomes2 Bed2BR,1BA$1.07
Water's EdgeOne Bedroom Reservation List1BR,1BA$1.10

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Getting Around Canaan, IN

Walk Score®

1 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

11 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Canaan Apartments

What is the Cheapest Studio apartment in Canaan?

Currently the most affordable Cheap Studio Apartment in Canaan is at Florence Hall listed at $1,195.

How much is rent for a Cheap One Bedroom Canaan Apartment?

The lowest price for a Cheap One Bedroom Canaan Apartment is $750 at Stonebrook of Scottsburg.

What is the lowest price for a Cheap Two Bedroom Canaan Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Canaan is starting from $800 at Meadow Creek Townhomes.

What is the most affordable Canaan Three Bedroom Apartment?

The best deal on a cheap Canaan Three Bedroom Apartment rental is at Meadow Creek Townhomes and starts from $900.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.