
Cheap Homes for Rent in Grady, NM from $800 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Grady.


312 Pine St

3528 Adenmor Ct

2517 Ross St

721 Laurelwood Dr

3740 Glenfield Dr

3532 C Adenmor Ct
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.

102 8th St

3520 Adenmore Apt C

2101 Bobwhite Ct

3520 Adenmore C

221 Herb St

1808 Debra St

1313 Mission Dr
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.
Grady, NM Local Guide

How much does it cost to rent a home in Grady?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Grady 2 Bedroom Homes for Rent | $1,174 | $895 | $2,000 |
| Grady 3 Bedroom Homes for Rent | $1,670 | $1,200 | $2,100 |
| Grady 4 Bedroom Homes for Rent | $2,100 | $1,700 | $2,500 |
Browse Top Homes for Rent in Grady
Explore Grady
Grady, NM Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Grady Apartments for Rent and Nearby
 The cheapest available apartment rental in Grady, NM is a 1 Bed unit found at Hotel Clovis Lofts priced from $463. Andalusia Aprtments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $463. Here is today’s list of the most affordable Grady apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hotel Clovis Lofts | 1 Bedroom | 1BR,1BA | $463 |
| Andalusia Aprtments | 1 Bedroom | 1BR,1BA | $463 |
| LoLomas Apartments 55+ | 2 BR | 2BR,1BA | $728 |
| Blue Water Garden | Income-Restricted 1 Bedroom, 1 Bath | 1BR,1BA | $965 |
| Tierra Blanca | 22-60 | 2BR,2BA | $1,000 |
Best Value Apartments for Rent in Grady, NM and Nearby
As of May 09, 2026 the best value apartment in the Grady area is the $0.93 price per square foot Model C Model at Mesquite Village Apartments in the starting from $1,150. The second greatest value Grady apartment is the 2x2 Model at Central Place starting at $1,004 with a $1.04 price per square foot . Here is today’s list of the best values for Grady apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Mesquite Village Apartments | Model C | 4BR,2BA | $0.93 |
| Central Place | 2x2 | 2BR,2BA | $1.04 |
| Tierra Blanca | 22-60 | 2BR,2BA | $1.05 |
| Gidding Apartments | 3325 Gidding | 2BR,1BA | $1.11 |
| Andalusia Aprtments | 2 Bedrooms | 2BR,1BA | $0.84 |
| 106 Ave H, Unit #10 | 106 Ave H | 2BR,1BA | $1.33 |
| LoLomas Apartments 55+ | 1 BR | 1BR,1BA | $1.15 |
| 806 W Plaza Dr, Unit #B | 806 W Plaza Dr | 1BR,1BA | $1.15 |
| Hotel Clovis Lofts | 1 Bedroom | 1BR,1BA | $0.73 |
| 108 Wallace St | 108 Wallace St | 1BR,1BA | $1.43 |
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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Grady, NM Rentals by Map
See the most popular apartments and homes in Grady, NM
Frequently Asked Questions about Grady
What type of rentals are currently available in Grady?
There are currently 28 Apartments for Rent in Grady, NM with pricing that ranges from $377 to $2,100. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grady ranging from $895 to $2,500.
What is the current price range for Rental Homes in Grady?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Grady ranges from $895 to $2,500 with an average monthly rent of $1,648.
How much are larger Three and Four Bedroom Rentals in Grady?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Grady range from $508 to $1,275, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,100. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $1,150.
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

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.

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.

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.