205 Long St
North VernonIN47265
Cheap Homes for Rent in Canaan, IN from $800 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Canaan.
1302 E Liberty Cir
GreensburgIN47240
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
81 Benny Ln
North VernonIN47265
138 1st St
AddystonOH45001
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
1304 E Liberty Cir
GreensburgIN47240
226 Yager Ave
La GrangeKY40031
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.
Showing Results 1-6, Page 1 of 1
Canaan, IN Local Guide
Old school farming in Indiana by Lindspetrol is licensed under CC BY 2.0
How much does it cost to rent a home in Canaan?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Canaan 2 Bedroom Homes for Rent | $1,636 | $1,100 | $2,995 |
| Canaan 3 Bedroom Homes for Rent | $1,825 | $1,100 | $3,199 |
| Canaan 4 Bedroom Homes for Rent | $2,373 | $1,850 | $2,895 |
Browse Top Homes for Rent in Canaan
Explore Canaan
Canaan, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Canaan Apartments for Rent and Nearby
The cheapest available apartment rental in Canaan, IN is a 1 Bed unit found at Stonebrook of Scottsburg priced from $750. Water's Edge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $771. Here is today’s list of the most affordable Canaan apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stonebrook of Scottsburg | A1 | 1BR,1BA | $750 |
| Water's Edge | One Bedroom Reservation List | 1BR,1BA | $771 |
| 281 E Main St | One Bed, One Bath | 1BR,1BA | $775 |
Best Value Apartments for Rent in Canaan, IN and Nearby
As of May 13, 2025 the best value apartment in the Canaan area is the $1.35 price per square foot 3 Bedrooms, 2.5 Bathrooms Model at Hopeful Trace Townhomes in the in the Cody Meadows neighborhood starting from $2,300. The second greatest value Canaan apartment is the 2 Bed 2 Bath Model at Sanctuary Place starting at $1,365 with a $0.99 price per square foot in the Thornwilde Seasons neighborhood. Here is today’s list of the best values for Canaan apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hopeful Trace Townhomes | 3 Bedrooms, 2.5 Bathrooms | 3BR,2.5BA | $1.35 |
| Sanctuary Place | 2 Bed 2 Bath | 2BR,2BA | $0.99 |
| Affinity of Union | 2 bedroom 2 bathroom | 2BR,2BA | $1.08 |
| 200 Riverview Dr | 2BR/2BA | 2BR,2BA | $1.36 |
| South Pointe Townhomes | 3 Bedroom Garden | 3BR,2BA | $1.21 |
| Tuscany Bay Apartments | 2x2 | 2BR,2BA | $1.21 |
| 281 E Main St | One Bed, One Bath | 1BR,1BA | $0.97 |
| Stonebrook of Scottsburg | B1 | 2BR,1BA | $1.23 |
| Meadow Creek Townhomes | 2 Bed | 2BR,1BA | $1.07 |
| Water's Edge | One Bedroom Reservation List | 1BR,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.
Let everyone know!
Do you know the Canaan area?
If you’re an expert on all things Canaan, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Frequently Asked Questions about Canaan
What type of rentals are currently available in Canaan?
There are currently 36 Apartments for Rent in Canaan, IN with pricing that ranges from $700 to $3,820. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Canaan ranging from $800 to $3,199.
What is the current price range for Rental Homes in Canaan?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Canaan ranges from $800 to $3,199 with an average monthly rent of $1,686.
How much are larger Three and Four Bedroom Rentals in Canaan?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Canaan range from $900 to $3,820, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $3,199. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $1,462.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
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.