Apartments for Rent in Canyon, TX

Prices and availability in Canyon, TX were last updated on 29 Jul 2026.

The best apartment in Canyon, TX is: 208 4th Ave.

The average rent in Canyon, TX is $1,373.

In Canyon, 46% of the residents are renting compared to 54% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 14% of Canyon's rentals, 49% are small-scale complexes with under 50 units, and 33% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Canyon are about 23 years old, on average. Of these, 64% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Canyon are around 0% of rentals, while 1-bedroom floor plans represent 32% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 42% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.