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Rental Market Trends

Canyon, TX

As of August 2025, Canyon's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Canyon's average rent is 33.6% ($477) lower than the Texas average of $1,420 and 47.3% ($847) lower than the U.S. average of $1,790.

Average Rent

$943

Monthly ChangeMonth Over Month Change

20.3% ($159)

Yearly ChangeYear Over Year Change

17.5% ($200)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$739	2.4% ($17)	5% ($35)
2 Beds	$892	10% ($81)	0.1% ($1)
3 Beds	$1,491	1.2% ($17)	0.9% ($13)

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Canyon Rental Market FAQs

Explore rental prices, market trends, and availability in Canyon, TX.

What is the average rent in Canyon, TX?

The average rent in Canyon, TX is $943 per month.

What is the rental price range for houses in Canyon, TX?

Houses in Canyon typically rent for between $600 and $1,938 per month, with an average of $943 per month.

What is the average rent for different bedroom sizes in Canyon, TX?

In Canyon, the average rent for a 1-bedroom house is $739 per month, for a 2-bedroom house, $892 per month, and a 3-bedroom house is $1,491 per month.

How do rent prices in Canyon, TX compare with the national average?

The average rent in Canyon is 47.3% ($847) lower than the national average of $1,790 per month.

How have rent prices in Canyon, TX changed recently?

The average rent in Canyon has increased by 20.3% ($159) in the last month and decreased by 17.5% ($200) over the past year.

How competitive is the rental market in Canyon, TX?

The rental market in Canyon, TX, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Canyon, TX?

In Canyon, TX, the average rental stays on the market for approximately 37 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Canyon, TX?

There are currently 22 rental properties available in Canyon, TX.

Can I afford to rent a house in Canyon, TX?

Based on the current averages, a household would need an annual income of $35,680 to comfortably afford a 2-bedroom house in Canyon.