Cheap Apartments for Rent in Canaan, IN from $400 (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 Canaan.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Read Article
Showing Results 1-19, Page 1 of 1

Canaan, IN Local Guide

Cheapest Available Canaan Apartments for Rent and Nearby

 

The cheapest available apartment rental in Canaan, IN is a 2 Beds unit found at Sparrow Ridge in the Thornwilde Seasons neighborhood priced from $461. Village In The Woods has the second lowest priced unit, which is a 2 Beds apartment currently listed from $700. Here is today’s list of the most affordable Canaan apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sparrow Ridge2 Bedroom2BR,1BA$461
Village In The WoodsApartment2BR,1BA$700
Stonebrook of ScottsburgA11BR,1BA$750
Water's EdgeOne Bedroom Reservation List1BR,1BA$771
281 E Main StOne Bed, One Bath1BR,1BA$775

Best Value Apartments for Rent in Canaan, IN and Nearby

As of April 29, 2025 the best value apartment in the Canaan area is the $0.96 price per square foot 2 Bed 2 Bath Model at Sanctuary Place in the in the Thornwilde Seasons neighborhood starting from $1,325. The second greatest value Canaan apartment is the 2 bedroom 2 bathroom Model at Affinity of Union starting at $1,550 with a $1.14 price per square foot in the French Quarter at Orleans neighborhood. Here is today’s list of the best values for Canaan apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sanctuary Place2 Bed 2 Bath2BR,2BA$0.96
Affinity of Union2 bedroom 2 bathroom2BR,2BA$1.14
South Pointe Townhomes3 Bedroom Garden3BR,2BA$1.13
Village In The WoodsTownhouse2BR,1.5BA$0.86
Tuscany Bay Apartments2 Bedroom2BR,2BA$1.21
Sparrow Ridge2 Bedroom2BR,1BA$0.56
281 E Main StOne Bed, One Bath1BR,1BA$0.97
Stonebrook of ScottsburgB12BR,1BA$1.23
Meadow Creek Townhomes2 Bed2BR,1BA$1.07
Water's EdgeOne Bedroom Reservation List1BR,1BA$1.10

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 Canaan, IN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Canaan, IN

View MapCanaan, IN Apartments MapView MapCanaan, IN Rental Homes Map

Getting Around Canaan, IN

Walk Score®

1 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

11 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Canaan Apartments

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

The lowest price for a Cheap One Bedroom Canaan Apartment is $750 at Stonebrook of Scottsburg.

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

Today's best deal for a Cheap Two Bedroom Apartment in Canaan is starting from $461 at Sparrow Ridge.

What is the most affordable Canaan Three Bedroom Apartment?

The best deal on a cheap Canaan Three Bedroom Apartment rental is at Meadow Creek Townhomes and starts from $900.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.