
Cheap Homes for Rent near Canyon, MN from $900 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Canyon.


1209 Commonwealth Ave

726 Fayal Rd
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.

4329-4331 E Superior St

1316 Baxter Ave

2921 Piedmont Ave
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.

1701 Baxter Ave
Canyon, MN Local Guide

How much does it cost to rent a home in Canyon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Canyon 2 Bedroom Homes for Rent | $1,620 | $1,350 | $2,000 |
| Canyon 3 Bedroom Homes for Rent | $2,144 | $1,495 | $3,500 |
| Canyon 4 Bedroom Homes for Rent | $2,297 | $2,095 | $2,375 |
| Canyon 5 Bedroom Homes for Rent | $2,495 | $2,495 | $2,495 |
| Canyon 6 Bedroom Homes for Rent | $3,050 | $3,050 | $3,050 |
Browse Top Homes for Rent in Canyon
Explore 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 1 Bed unit found at Buckingham Green Apartments in the Observation Hill neighborhood priced from $825. Wahldorf in the Observation Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here is today’s list of the most affordable Canyon apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Buckingham Green Apartments | G | 1BR,1BA | $825 |
| Wahldorf | 1 bedroom | 1BR,1BA | $925 |
| 14th Street Apartments | Studio | Studio,1BA | $995 |
Best Value Apartments for Rent in Canyon, MN and Nearby
As of July 09, 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 2 Bed Model at Tropicana Apartments starting at $1,800 with a $1.50 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. |
|---|---|---|---|
| Maple Glen Estates | 2bd 2bth | 2BR,2BA | $1.23 |
| Tropicana Apartments | 2 Bed | 2BR,2BA | $1.50 |
| Village at Matterhorn | 2 Bedroom Market Rate | 2BR,1BA | $1.22 |
| Oakwood Estates | Oakwood Estates, Coming Soon! | 2BR,1BA | $1.38 |
| Highland Village Apartments | 2BR915SF | 2BR,1BA | $1.61 |
| Piedmont Manor Apartments | 2 Bed | 2BR,1BA | $1.65 |
| Villa Hills | 2 Bed 1 Bath, Upper Floors | 2BR,1BA | $1.86 |
| Wahldorf | 2 bedroom | 2BR,1BA | $1.73 |
| Village Place Apartments | 1 Bedroom Market Rate | 1BR,1BA | $1.47 |
| Buckingham Green Apartments | G | 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 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!
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See the most popular apartments and homes in Canyon, MN
Frequently Asked Questions about Canyon
What type of rentals are currently available in Canyon?
There are currently 38 Apartments for Rent in Canyon, MN with pricing that ranges from $785 to $3,495. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Canyon ranging from $1,150 to $3,500.
What is the current price range for Rental Homes in Canyon?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Canyon ranges from $1,150 to $3,500 with an average monthly rent of $2,060.
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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.