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Canyon, TX rent trends

Rental prices in Canyon, TX have increased by 3.79% over the past year. The average rent moved from $1,318 to $1,368.

Check out the average rent prices in Canyon by neighborhood.

Compared to the national average rent of $1,741, the average rent in Canyon, TX is $1,368.

Average rent in Canyon, TX

$1,368/mo Canyon, TX average rental price, January 2026
Image Average Rent

The average monthly rent of apartments in Canyon, TX is $1,368.

    What's the typical rent budget in Canyon, TX?

    About 5% of apartment rents in Canyon, TX range between $1,501-$2,000. Meanwhile, apartments around $2,001-$2,500 represent 27% of apartments. Around 22% of Canyon’s apartments are in the $1,001-$1,500 price range. 46% of apartments are priced ≤ $1000.

    The largest share of rentals in Canyon, TX (46%) fall between - per month. This suggests that most people succesfully find suitable apartments within this price.

    Getting around in Canyon, TX

    25 /100
    Somewhat Bikeable
    Bike Score®: 25

    Frequently asked questions

    What is the average rent in Canyon, TX?

    The average rent in Canyon, TX is $1,297.

    What type of rental buildings are in Canyon, TX?

    In Canyon 46% of the housing is rented out compared to 54% of homes are owned, according to the most recent Census Bureau estimates. 12% of Canyon's apartments are found in large buildings of 50 units or more, 53% are located in smaller apartment complexes with less than 50 units, and 34% are single-family rentals.

    What do typical apartment communities look like in Canyon, TX?

    The average age of rental buildings in Canyon is 23 years old, with 60% 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.

    What apartment floorplans are common in Canyon, TX?

    Studio apartments in Canyon are around 0% of rentals, while 1-bedroom floor plans represent 31% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 41% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.

    Living in Canyon, TX

    Canyon is a small town that is a suburb of Amarillo in Randall County, Texas. It’s home to West Texas A&M University, with a large population of student renters around the area near campus. For renters who commute into Amarillo for work, the ride is only around 20 minutes directly north up Interstate 27. The town itself is only around eight square miles, and many young families renting there to take advantage of the highly rated public school system run by the Canyon Independent School District. Parks and outdoor recreation are very popular around town, with many renters going to Palo Duro Canyon State Park, located only 12 miles away. In this densely suburban area, local renters enjoy access to amenities around town that include shopping plazas, museums like the Panhandle-Plains Historical Museum, and a vibrant community that is friendly to all.

    Renting in Canyon, TX

    Renters make up for a little more than one-third of the population in. There are small rental communities all around town including townhomes, larger rental units, and studios geared towards student renters. Most rental buildings are two stories tall with siding and have a colonial style. Some of the amenities that Canyon renters get to enjoy include year-round pools, clubhouses, walking paths, and pet parks. Most rental communities are pet-friendly, so it’s easy and acceptable for apartment-dwellers to have a dog or cat while renting in Canyon. The proximity to Amarillo is a big plus for those renters who want to live in a nice suburban community but still have easy access to all the attractions the bigger city has to offer.

    Things for renting

    Shopping in Canyon, TX

    There are some unique shops for home goods and clothing around rental communities in Canyon. Those include the Marketplace, the Pink Cadillac Boutique, Weathered Elements, and Thompson’s, which is a gift shop, and it’s fun for renters to be able to shop the “mom & pop” stores around town. Renters also have access to regular retail establishments like a Walmart Supercenter and Dollar General. In order to access an enclosed mall, renters can go to Westgate Mall in Amarillo, which has over 100 stores, four anchor tenants, and a food court. It’s only 15 miles away from the center of Canyon near rental communities in the area.

    Transportation in Canyon, TX

    Panhandle Transit is the public transportation system that provides bus service outside of Amarillo around the suburbs. For Canyon renters who don’t have a car, it’s convenient to take a bus into Amarillo. Just 21 miles away from Canyon is the Amarillo Airport, making it easy for renters and visitors to fly in and out of town. For local renters who love to bike, there are 16 cycling lanes around town including Paseo Del Rio, Upper Comanche, and Capital Peak Trail, which is an outer loop. For major highways that go through Canyon, near several rental communities, the options are Interstate 27 and US Route 87, which goes north and south.

    Look for apartments near me

    Are you looking to land that one apartment near you that ticks all the boxes? Now you can browse through available RentCafe apartment listings in your area, rated and reviewed by verified residents. Comparing the size, price, amenities and location of apartments for rent near you is easier than ever. Do you feel like expanding the search beyond your neighborhood and ZIP code? Browse apartments for rent in your city and state to find the best fit, wherever you are in the U.S. Somewhere out there is the perfect apartment just waiting for you.

    Whether you're looking for a studio, an apartment with one or more bedrooms, or maybe you're upgrading to a luxury apartment or need to acommodate a pet, RentCafe allows you to easily search for a rental near you based on your criteria, anywhere in the U.S. So, let's find your new home today!