Cheap Apartments for Rent in the Gracewood Neighborhood of Augusta, GA from $600 (10 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Gracewood area of Augusta.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Village at Goshen
3 to 5 Bedroom Apartments

Village at Goshen

4302 E Barcelona WayAugusta, GA 30906
  • Utilities Included
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Salem Arms
2 to 3 Bedroom Apartments

Salem Arms

2243 Rosier DrAugusta, GA 30906
  • Utilities Included
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Peach Orchard
1 to 3 Bedroom Apartments

Peach Orchard

3630 Peach Orchard RdAugusta, GA 30906

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Gracewood, Augusta, GA Local Guide

Cheapest Available Gracewood Apartments for Rent

 

The cheapest available apartment rental in the Gracewood area of Augusta, GA is a 1 Bed unit found at The Vinings of Augusta Senior Community priced from $845. Meadow Wood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $960. Here are the most affordable Gracewood apartments for rent in Augusta, GA:

Apartment ListingModel NameBed/BathPriced From
The Vinings of Augusta Senior Community1 Bedroom1BR,1BA$845
Meadow WoodMW2x12BR,1BA$960
Walker Estates ApartmentsOne Bedroom One Bathroom1BR,1BA$1,031

Best Value Apartments for Rent in Gracewood, GA

As of May 22, 2026 the best value apartment in the Gracewood area is the $1.91 price per square foot The Villa Model at Highborne Apartments & Villas in the in the North Augusta neighborhood starting from $2,085. The second greatest value Gracewood apartment is the MW2x1 Model at Meadow Wood starting at $960 with a $1.05 price per square foot in the North Augusta neighborhood. Here is today’s list of the best values for Gracewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Highborne Apartments & VillasThe Villa2BR,2BA$1.91
Meadow WoodMW2x12BR,1BA$1.05
The Vinings of Augusta Senior Community1 Bedroom1BR,1BA$1.04
Walker Estates ApartmentsOne Bedroom One Bathroom1BR,1BA$1.47

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle

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Among cities in Georgia for Apartment listings with Pet Friendly Amenities.

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Frequently Asked Questions about Cheap Gracewood Apartments

What is the price of a cheap apartment in Gracewood?

The cheapest apartment in Gracewood is The Vinings of Augusta Senior Community which is listed at $845, while the average apartment in Gracewood costs $1,900.

What types of apartments are the cheapest in Gracewood?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 13 regular apartments in Gracewood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Gracewood?

Cheap apartments in Gracewood have an average cost of $428 which is $1,472 cheaper than the average rent for all rentals in Gracewood.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Sweet Tea and Low Rent: Exploring Augustas Budget-Friendly Neighborhoods for Renting

Written by: Brandy V

I’m Brandy, your ApartmentHomeLiving.com Local Expert for Augusta, Georgia.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.