Texas is a state known for its rich history, diverse culture, and abundant natural beauty. Learn the history and tradition of this place by visiting iconic sites like the Alamo, San Jacinto Monument, and the Texas State Capitol. Texas is also home to top-notch universities like the University of Texas at Austin, Texas A&M University, and Rice University. In addition, a blend of the energy, technology, and agriculture industries sustains a robust economy in Texas.

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Rental Market Trends

Canyon, TX

As of April 2026, Canyon's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Canyon's average rent is 32.7% ($465) lower than the Texas average of $1,420 and 46.6% ($833) lower than the U.S. average of $1,788.

Average Rent

$955

Monthly ChangeMonth Over Month Change

1.5% ($15)

Yearly ChangeYear Over Year Change

18.9% ($152)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$799	4.3% ($33)	9.5% ($69)
2 Beds	$993	6% ($56)	14.4% ($125)
3 Beds	$1,386	6.5% ($85)	8.2% ($105)

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 $955 per month.

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

Homes in Canyon typically rent for between $600 and $1,802 per month, with an average of $955 per month.

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

In Canyon, the average rent for a 1-bedroom home is $799 per month, for a 2-bedroom home, $993 per month, and a 3-bedroom home is $1,386 per month.

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

The average rent in Canyon is 46.6% ($833) lower than the national average of $1,788 per month.

How have rent prices in Canyon, TX changed recently?

The average rent in Canyon has decreased by 1.5% ($15) in the last month and increased by 18.9% ($152) 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 29 rental properties available in Canyon, TX.

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

Based on the current averages, a household would need an annual income of $39,720 to comfortably afford a 2-bedroom home in Canyon.