Apartments for Rent in Canyon, TX

Prices and availability in Canyon, TX were last updated on 31 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 average age of rental buildings in Canyon is 23 years old, with 64% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Canyon come in a range of sizes and floorplans. Studio apartments represent 0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 32% of the total apartments in the city, while 2-bedroom floorplans represent around 42% of all rentals in Canyon. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.