Cheap Apartments for Rent in Canaan, IN from $600 (24 Rentals)

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

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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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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Sparrow Ridge
1 to 2 Bedroom Apartments

Sparrow Ridge

2375 Southpark DrHebron, KY 41048
Senior Living
  • Utilities Included

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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Canaan, IN Local Guide

Cheapest Available Canaan Apartments for Rent and Nearby

 

The cheapest available apartment rental in Canaan, IN is a 2 Beds unit found at Sparrow Ridge in the Thornwilde Seasons neighborhood priced from $749. Stonebrook of Scottsburg has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Canaan apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sparrow Ridge2 Bedroom2BR,1BA$749
Stonebrook of ScottsburgOne Bedroom, One Bath, 650 Sq Ft1BR,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

Best Value Apartments for Rent in Canaan, IN and Nearby

As of December 10, 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 3X2 Model at Tuscany Bay Apartments starting at $1,375 with a $1.17 price per square foot in the Northern Kentucky 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
Tuscany Bay Apartments3X23BR,2BA$1.17
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
Sanctuary Place1 Bed 1 Bath1BR,1BA$1.25
Gwen Gardens ApartmentsTwo Bedroom2BR,2BA$0.83
281 E Main StOne Bed, One Bath1BR,1BA$0.97
Meadow Creek Townhomes2 Bed2BR,1BA$1.07
Water's EdgeOne Bedroom Reservation List1BR,1BA$1.10

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

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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

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

The lowest price for a Cheap One Bedroom Canaan Apartment is $470 at Gwen Gardens 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 $749 at Sparrow Ridge.

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

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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.