Cheap Apartments for Rent near Canaan, IN from $600 (43 Rentals)

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Search the lowest-cost Apartments available for rent right now in Canaan.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Water's Edge
1 to 3 Bedroom Apartments

Water's Edge

20 Red Oak WayAustin, IN 47102
  • Utilities Included
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281 E Main St
1 Bedroom Apartments

281 E Main St

281 E Main StHanover, IN 47243
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Gwen Gardens Apartments
1 to 2 Bedroom Apartments

Gwen Gardens Apartments

892 Bea Scott DrWarsaw, KY 41095
Senior Living
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Highland Glen
1 to 3 Bedroom Apartments

Highland Glen

725 S Mansfield DrScottsburg, IN 47170
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Sparrow Ridge
1 to 2 Bedroom Apartments

Sparrow Ridge

2375 Southpark DrHebron, KY 41048
Senior Living
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-43, Page 1 of 1

Canaan, IN Local Guide

Cheapest Available Canaan Apartments for Rent and Nearby

 

The cheapest available apartment rental in Canaan, IN is a Studio unit found at Concord Square Apartments in the Dearborn County neighborhood priced from $640. 217 Hooton Blvd has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Canaan apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Concord Square ApartmentsStudioStudio,1BA$640
217 Hooton Blvd1 Bedroom, 1 Bathroom1BR,1BA$800
Parkview Senior ApartmentsOne Bedroom1BR,1BA$877
Cedar SpringsOpen Floor Plan 1 Bedroom1BR,1BA$895
Meadowbrook Apartments1 Bedroom 1 Bathroom1BR,1BA$924
Hayfield ParkStudio RenoStudio,1BA$965
Depot Square FlatsMitchell, Unit F1BR,1BA$1,100
Whiskey RiverS2Studio,1BA$1,150
Sky Harbor Apartments1 Bed Sunset Square 21BR,1BA$1,179
Florence HallSedonaStudio,1BA$1,199

Best Value Apartments for Rent in Canaan, IN and Nearby

As of July 14, 2026 the best value apartment in the Canaan area is the $1.35 price per square foot Three Bed/Flex Two-Half Bath TH Model at Hopeful Trace Townhomes in the in the French Quarter at Orleans neighborhood starting from $2,300. The second greatest value Canaan apartment is the 2BR/2BA Model at 200 Riverview Dr starting at $1,500 with a $1.00 price per square foot in the Gallatin County 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 TownhomesThree Bed/Flex Two-Half Bath TH3BR,2.5BA$1.35
200 Riverview Dr2BR/2BA2BR,2BA$1.00
Affinity of Union2 bedroom 2 bathroom front to back2BR,2BA$1.28
South Pointe Townhomes3 Bedroom Garden3BR,2BA$1.21
Tuscany Bay Apartments2x22BR,2BA$1.21
Ravenwood Glen2 BR 1.5 Bath2BR,1.5BA$1.32
Newly Renovated Apartments2 bed 1 bath2BR,1BA$1.34
217 Hooton Blvd1 Bedroom, 1 Bathroom1BR,1BA$1.05
Cedar SpringsOpen Floor Plan 1 Bedroom1BR,1BA$1.28
Parkview Senior ApartmentsOne Bedroom1BR,1BA$1.27

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Canaan, IN Rentals by Map

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See the most popular apartments and homes in Canaan, IN

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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 Concord Square Apartments listed at $640.

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

The lowest price for a Cheap One Bedroom Canaan Apartment is $725 at Concord Square Apartments.

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 $1,042 at Parkview Senior Apartments.

What is the most affordable Canaan Three Bedroom Apartment?

The best deal on a cheap Canaan Three Bedroom Apartment rental is at South Pointe Townhomes and starts from $1,298.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.