
Cheap Apartments for Rent in Canyon, MN from $700 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Canyon.


14th Street Apartments

CityView Flats

Mount Royal Apartment

Total Monthly Price
Mount Royal Manor

Village Place Apartments

The Acres on Arrowhead ll
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.

Village at Matterhorn

Highland Village Apartments

Capstone Apartments

Total Monthly Price
Oakwood Estates

Vue at BlueStone

Zenith

Buckingham Green Apartments
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.

Brewery Creek Apartments

1729 Carver Ave

Leijona Apartments

3947 E Calvary Rd

315 2nd St

1221 Commonwealth Ave

1718 Cumming Ave
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.

4824 W 6th St
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 | $1,160 | $785 | $1,463 |
| Canyon 1 Bedroom Apartments | $1,508 | $1,000 | $2,274 |
| Canyon 2 Bedroom Apartments | $1,852 | $1,200 | $3,335 |
| Canyon 3 Bedroom Apartments | $2,381 | $1,525 | $3,480 |
Browse Top Apartments in Canyon
See all Apartments in CanyonExplore Canyon
Canyon, MN Local Guide
- Nearby Cities
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Cheapest Available Canyon Apartments for Rent and Nearby
 The cheapest available apartment rental in Canyon, MN is a 1 Bed unit found at Village Place Apartments in the East End neighborhood priced from $1,100. Mount Royal Manor in the Congdon neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,125. Here is today’s list of the most affordable Canyon apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Village Place Apartments | 1 Bedroom Market Rate | 1BR,1BA | $1,100 |
| Mount Royal Manor | Efficiency / 1 Bathroom - Galley-Style Kitchen | Studio,1BA | $1,125 |
| The Acres on Arrowhead ll | Unit A - Studio | Studio,1BA | $1,150 |
| 14th Street Apartments | 1 Bedroom | 1BR,1BA | $1,175 |
| Village at Matterhorn | 2 Bedroom Market Rate | 2BR,1BA | $1,200 |
Best Value Apartments for Rent in Canyon, MN and Nearby
As of May 22, 2026 the best value apartment in the Canyon area is the $1.70 price per square foot 3B A Model at Zenith in the in the East End neighborhood starting from $3,299. The second greatest value Canyon apartment is the 2 Bed Model at Tropicana Apartments starting at $1,700 with a $1.42 price per square foot in the East End 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. |
|---|---|---|---|
| Zenith | 3B A | 3BR,2BA | $1.70 |
| Tropicana Apartments | 2 Bed | 2BR,2BA | $1.42 |
| Arris Duluth | Grand Marais | 2BR,2BA | $2.43 |
| Miller Hill Manor | 2 Bedroom 1 Bathroom Eat in Kitchen | 2BR,1BA | $1.79 |
| Village at Matterhorn | 2 Bedroom Market Rate | 2BR,1BA | $1.22 |
| Ridgewood Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.69 |
| CityView Flats | 1Bedroom | 1BR,1BA | $1.69 |
| Village Place Apartments | 1 Bedroom Market Rate | 1BR,1BA | $1.47 |
| 14th Street Apartments | 1 Bedroom | 1BR,1BA | $1.77 |
| Capstone Apartments | A | Studio ,1BA | $2.50 |
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.
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!
Explore Canyon, MN Rentals by Map
See the most popular apartments and homes in Canyon, MN
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 Mount Royal Manor listed at $1,125.
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 $1,200 at Village at Matterhorn.
What is the most affordable Canyon Three Bedroom Apartment?
The best deal on a cheap Canyon Three Bedroom Apartment rental is at The Acres on Arrowhead ll and starts from $2,195.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.