Cheap Apartments for Rent in Canyon, MN from $700 (21 Rentals)

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

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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-21, Page 1 of 1

Canyon, MN Local Guide

Cheapest Available Canyon Apartments for Rent and Nearby

 

The cheapest available apartment rental in Canyon, MN is a 1 Bed unit found at 20 W 3rd St in the Observation Hill neighborhood priced from $850. 521 W 2nd Street - Leijona in the Duluth Heights neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here is today’s list of the most affordable Canyon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
20 W 3rd StG1BR,1BA$850
521 W 2nd Street - Leijona0BR/1.0BAStudio,1BA$950
14th Street ApartmentsStudioStudio,1BA$975
CityView FlatsStudioStudio,1BA$1,000
Brewery Creek Apartments2 Bedroom with Den2BR,1BA$1,000

Best Value Apartments for Rent in Canyon, MN and Nearby

As of June 25, 2025 the best value apartment in the Canyon area is the $1.23 price per square foot 2 Bed Model at Tropicana Apartments in the in the East End neighborhood starting from $1,600. The second greatest value Canyon apartment is the 2 Bedroom- 1 Bath In Unit Laundry & Storage Unit Model at Ridgewood Apartments starting at $1,850 with a $1.55 price per square foot in the Duluth Heights neighborhood. Here is today’s list of the best values for Canyon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Tropicana Apartments2 Bed2BR,2BA$1.23
Ridgewood Apartments2 Bedroom- 1 Bath In Unit Laundry & Storage Unit2BR,1BA$1.55
AeryTwo Bedroom2BR,2BA$1.92
Summit Ridge Luxury ApartmentsPark Point3BR,2BA$0.64
Brewery Creek Apartments2 Bedroom with Den2BR,1BA$0.92
Village Place Apartments2 Bedroom Market Rate2BR,1BA$1.30
Village at Matterhorn2 Bedroom Income Restricted2BR,1BA$1.06
Highland Village Apartments1BR KNOLL1BR,1BA$1.59
20 W 3rd StG1BR,1BA$1.13
14th Street ApartmentsStudioStudio ,1BA$1.86

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

Explore Canyon, MN Rentals by Map

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See the most popular apartments and homes in Canyon, MN

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Frequently Asked Questions about Cheap Canyon Apartments

What is the Cheapest Studio apartment in Canyon?

Currently the most affordable Cheap Studio Apartment in Canyon is at 521 W 2nd Street - Leijona listed at $950.

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

The lowest price for a Cheap One Bedroom Canyon Apartment is $850 at 20 W 3rd St.

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

Today's best deal for a Cheap Two Bedroom Apartment in Canyon is starting from $1,000 at Brewery Creek Apartments.

What is the most affordable Canyon Three Bedroom Apartment?

The best deal on a cheap Canyon Three Bedroom Apartment rental is at Tropicana Apartments and starts from $1,800.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.