
Cheap Homes for Rent in Canaan, IN from $1,100 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Canaan.


3755 N County Rd 600 W

226 Yager Ave

102 Gaslight Dr
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.

14633 IN-350

1172 Retriever Wy

987 W Vest St

1068 Larkspur Ct
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.

985 Mistflower Ln
Canaan, IN Local Guide

How much does it cost to rent a home in Canaan?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Canaan 2 Bedroom Homes for Rent | $1,899 | $1,100 | $2,995 |
| Canaan 3 Bedroom Homes for Rent | $2,480 | $1,350 | $3,995 |
| Canaan 4 Bedroom Homes for Rent | $2,886 | $2,200 | $3,700 |
Browse Top Homes for Rent in Canaan
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Canaan, IN Local Guide
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Cheapest Available Canaan Apartments for Rent and Nearby
 The cheapest available apartment rental in Canaan, IN is a 1 Bed unit found at Gwen Gardens Apartments in the Northern Kentucky neighborhood priced from $470. Sparrow Ridge in the Thornwilde Seasons neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $749. Here is today’s list of the most affordable Canaan apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Gwen Gardens Apartments | One Bedroom | 1BR,1BA | $470 |
| Sparrow Ridge | 2 Bedroom | 2BR,1BA | $749 |
| Stonebrook of Scottsburg | One Bedroom, One Bath, 650 Sq Ft | 1BR,1BA | $750 |
Best Value Apartments for Rent in Canaan, IN and Nearby
As of December 11, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hopeful Trace Townhomes | 2 Bedrooms, 2.5 Bathrooms w/Study | 2BR,2.5BA | $1.24 |
| Tuscany Bay Apartments | 3X2 | 3BR,2BA | $1.17 |
| Bluffs of Burlington | 2-Bedroom SM & LG | 2BR,2BA | $1.24 |
| South Pointe Townhomes | 3 Bedroom Garden | 3BR,2BA | $1.21 |
| Newly Renovated Apartments | 2 bed 2 bath | 2BR,1BA | $1.20 |
| Sanctuary Place | 1 Bed 1 Bath | 1BR,1BA | $1.25 |
| Gwen Gardens Apartments | Two Bedroom | 2BR,2BA | $0.83 |
| 281 E Main St | One Bed, One Bath | 1BR,1BA | $0.97 |
| Meadow Creek Townhomes | 2 Bed | 2BR,1BA | $1.07 |
| Water's Edge | One Bedroom Reservation List | 1BR,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.
Read ArticleThe 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Canaan, IN
Frequently Asked Questions about Canaan
What type of rentals are currently available in Canaan?
There are currently 38 Apartments for Rent in Canaan, IN with pricing that ranges from $470 to $3,503. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Canaan ranging from $1,100 to $3,995.
What is the current price range for Rental Homes in Canaan?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Canaan ranges from $1,100 to $3,995 with an average monthly rent of $2,421.
How much are larger Three and Four Bedroom Rentals in Canaan?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Canaan range from $900 to $3,503, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $3,995. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $1,462.
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

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.