Canyon, TX Rental Market Trends
Last updated: February 20, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Canyon is $1,368, a 3.79% increase compared to the previous year, when the average rent was $1,318.
One-bedroom apartments provide 591 square feet for $804, balancing privacy and affordability.
Two-beedroom units at $1,152 offer 830 square feet, perfect for roommates or small families.
Average rent in Canyon, TX
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,368 | 907 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $804 | 591 sq. ft. |
| 2 Beds | $1,152 | 830 sq. ft. |
| 3 Beds | n/a | n/a |
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.
What's the typical rent budget in Canyon, TX?
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.
Do most people rent or own in Canyon, TX?
2,559 or 46% of the households in Canyon, TX are renter-occupied while 2,964 or 54% are owner-occupied.
How Canyon Compares to Other Cities
| City | Average Rent |
|---|---|
| Houston | $1,343 |
| San Antonio | $1,255 |
| Dallas | $1,576 |
| Austin | $1,624 |
| Fort Worth | $1,428 |
| Irving | $1,485 |
| Plano | $1,677 |
| Arlington | $1,328 |
| Sachse | $1,725 |
| Spring | $1,449 |
| Amarillo, TX | $995 |
| Lubbock, TX | $1,134 |
| Levelland, TX | $769 |
| Canyon | $1,368 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Canyon apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.