
Cheap Apartments for Rent near Canyon, MN from $700 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Canyon.


Total Monthly Price
Townview Villas

14th Street Apartments

CityView Flats

Mount Royal Apartment

Village Place Apartments

Total Monthly Price
Zenith
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Wahldorf

Total Monthly Price
Piedmont Manor Apartments

Capstone Apartments

Total Monthly Price
Oakwood Estates

Village at Matterhorn

Total Monthly Price
Highland Village Apartments

3714 Carlton St
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.

Buckingham Green Apartments

612 Adams Ave

Brewery Creek Apartments

Leijona Apartments

1209 Commonwealth Ave

313 N 21st Ave W

4329-4331 E Superior St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Canyon, MN Local Guide

How much does it cost to rent an apartment in Canyon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Canyon Studio Apartments | $1,339 | $785 | $1,495 |
| Canyon 1 Bedroom Apartments | $1,657 | $1,000 | $1,909 |
| Canyon 2 Bedroom Apartments | $1,949 | $1,270 | $2,650 |
| Canyon 3 Bedroom Apartments | $2,286 | $1,525 | $3,495 |
Browse Top Apartments in Canyon
See all Apartments in CanyonExplore Canyon
Canyon, MN Local Guide
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Cheapest Available Canyon Apartments for Rent and Nearby
 The cheapest available apartment rental in Canyon, MN is a Studio unit found at CityView Flats in the Observation Hill neighborhood priced from $1,000. Leijona Apartments in the Duluth Heights neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,095. Here is today’s list of the most affordable Canyon apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| CityView Flats | Studio | Studio,1BA | $1,000 |
| Leijona Apartments | 0BR/1.0BA | Studio,1BA | $1,095 |
| Village Place Apartments | 1 Bedroom Market Rate | 1BR,1BA | $1,100 |
| 14th Street Apartments | 1 Bedroom | 1BR,1BA | $1,175 |
| Wahldorf | 2 bedroom | 2BR,1BA | $1,300 |
Best Value Apartments for Rent in Canyon, MN and Nearby
As of August 20, 2026 the best value apartment in the Canyon area is the $1.23 price per square foot 2bd 2bth Model at Maple Glen Estates in the in the Duluth Heights neighborhood starting from $1,600. The second greatest value Canyon apartment is the F Model at Capstone Apartments starting at $2,312 with a $1.88 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Maple Glen Estates | 2bd 2bth | 2BR,2BA | $1.23 |
| Capstone Apartments | F | 2BR,2BA | $1.88 |
| Tropicana Apartments | 2 Bed, 2 Bath | 2BR,2BA | $1.33 |
| Village at Matterhorn | 2 Bedroom Market Rate | 2BR,1BA | $1.29 |
| Highland Village Apartments | 1/1, 765 SF | 1BR,1BA | $1.83 |
| Wahldorf | 2 bedroom | 2BR,1BA | $1.73 |
| Village Place Apartments | 1 Bedroom Market Rate | 1BR,1BA | $1.47 |
| Mount Royal Manor | 2 Bedroom / 1 Bathroom - (Ground, 1st and 2nd F... | 2BR,1BA | $2.05 |
| 14th Street Apartments | 1 Bedroom | 1BR,1BA | $1.77 |
| CityView Flats | Studio | Studio ,1BA | $2.07 |
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 ArticleReal 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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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Canyon, MN Rentals by Map
See the most popular apartments and homes in Canyon, MN
Frequently Asked Questions about Cheap Canyon Apartments
How much is rent for a Cheap One Bedroom Canyon Apartment?
The lowest price for a Cheap One Bedroom Canyon Apartment is $1,100 at Village Place Apartments.
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 $1,300 at Village Place 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 $1,850.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.