Cheap Homes for Rent near Grafton, IA from $800 (16 Rentals)

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Search the lowest-cost Homes available for rent right now in Grafton.

property at 424 Bridge Ave

$850 - $995

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

1 To 2 Bedroom Rentals

Available Aug 7

424 Bridge Ave

Albert LeaMN56007
property at 1506 7th St SE

$900

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

1 Bedroom, 1 Bath Home for Rent

Available Now

1506 7th St SE

AustinMN55912

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 213 13th St SW

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925

Total Monthly Price
$925

1 Bedroom, 1 Bath Home for Rent

Available Now

213 13th St SW

OwatonnaMN55060
property at 423 Adams Ave

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Condo for Rent

Available Now

423 Adams Ave

Albert LeaMN56007
property at 121 Main St S

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

Studio, 1 Bath Condo for Rent

Available Now

121 Main St S

Grand MeadowMN55936
property at 930 S Broadway Ave

$1,075

Total Monthly Price

Total Monthly Price

Base Rent
$1,075

Total Monthly Price
$1,075

2 Bedroom, 1 Bath Condo for Rent

Available Now

930 S Broadway Ave

Albert LeaMN56007

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

property at 302 19th St NE

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

2 Bedroom, 1 Bath Home for Rent

Available Aug 7

302 19th St NE

AustinMN55912
property at 1111 4th St NW

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1111 4th St NW

AustinMN55912
property at 103 Main St E

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

2 Bedroom, 1 Bath Condo for Rent

Available Now

103 Main St E

Clarks GroveMN56016
property at 1207 9th St NE

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Home for Rent

Available Aug 7

1207 9th St NE

AustinMN55912

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

property at 1206 10th St NE

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

1206 10th St NE

AustinMN55912

Grafton, IA Local Guide

Cheapest Available Grafton Apartments for Rent and Nearby

 

The cheapest available apartment rental in Grafton, IA is a 1 Bed unit found at Regency Apartments priced from $200. Key Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $500. Here is today’s list of the most affordable Grafton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Regency Apartments1 BD1BR,1BA$200
Key ApartmentsEfficiencyStudio,1BA$500
18 S Adams AveOne Bedroom1BR,1BA$525
Key West ApartmentsStudioStudio,1BA$550
A-Lea ApartmentsB and C Buildings1BR,1BA$725

Best Value Apartments for Rent in Grafton, IA and Nearby

As of August 02, 2026 the best value apartment in the Grafton area is the $1.25 price per square foot Two Bedroom+Den Unit Model at Skye Lofts Apartments in the starting from $1,750. The second greatest value Grafton apartment is the 3 Bedroom 1 Bathroom Model at Cottages of Stewartville starting at $1,345 with a $1.25 price per square foot . Here is today’s list of the best values for Grafton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Skye Lofts ApartmentsTwo Bedroom+Den Unit2BR,1BA$1.25
Cottages of Stewartville3 Bedroom 1 Bathroom3BR,1BA$1.25
UNION HOUSE APARTMENTS3 Bed 2 Bath3BR,2BA$1.26
Rolling Meadows Apartments3 bedroom/2bath3BR,2BA$0.96
Edge ApartmentsTwo Bedroom2BR,2BA$1.30
Northern Place ApartmentsTwo Bedroom2BR,1BA$1.08
Kee Valley Apartments2 Beds, 1 bath2BR,1BA$1.14
City Center Kent Apartments1 Bedroom1BR,1BA$1.33
Regency Apartments1 BD1BR,1BA$0.35
18 S Adams AveOne Bedroom1BR,1BA$0.95

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Grafton, IA Rentals by Map

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Frequently Asked Questions about Grafton

What type of rentals are currently available in Grafton?

There are currently 47 Apartments for Rent in Grafton, IA with pricing that ranges from $200 to $2,509. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grafton ranging from $800 to $3,200.

What is the current price range for Rental Homes in Grafton?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Grafton ranges from $800 to $3,200 with an average monthly rent of $1,528.

How much are larger Three and Four Bedroom Rentals in Grafton?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Grafton range from $935 to $2,509, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,125 to $2,100. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $937.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.