Cheap Apartments for Rent in Canyon, MN from $700 (19 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Showing Results 1-19, 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 Buckingham Green Apartments in the Observation Hill neighborhood priced from $896. CityView Flats in the Observation Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. Here is today’s list of the most affordable Canyon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Buckingham Green Apartments22B1BR,1BA$896
CityView FlatsStudioStudio,1BA$1,000
Village at Matterhorn2 Bedroom Income Restricted2BR,1BA$1,015
521 W 2nd Street - Leijona0BR/1.0BAStudio,1BA$1,035
Village Place Apartments2 Bedroom Income Restricted2BR,1BA$1,100

Best Value Apartments for Rent in Canyon, MN and Nearby

As of August 14, 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 Two Bedroom Model at Aery starting at $2,135 with a $1.92 price per square foot in the Hermantown 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
AeryTwo Bedroom2BR,2BA$1.92
Summit Ridge Luxury ApartmentsPark Point3BR,2BA$0.64
Village Place Apartments2 Bedroom Market Rate2BR,1BA$1.30
Village at Matterhorn2 Bedroom Income Restricted2BR,1BA$1.06
14th Street Apartments2 Bedroom2BR,1BA$1.42
Ridgewood Apartments1 Bedroom + Den 1 Bath1BR,1BA$1.68
Buckingham Green Apartments22B1BR,1BA$1.02
Miller Hill Manor1 bedroom 6th floor1BR,1BA$2.14
CityView FlatsStudioStudio ,1BA$2.07

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Canyon, MN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Canyon, MN

View Map
Canyon, MN Apartments Map
View Map
Canyon, MN Rental Homes Map

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 CityView Flats listed at $1,000.

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

The lowest price for a Cheap One Bedroom Canyon Apartment is $896 at Buckingham Green 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 $1,015 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 14th Street Apartments and starts from $1,495.

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

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

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.