Cheap Apartments for Rent near Grafton, OH from $500 (38 Rentals)

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

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.

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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.

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Hampshire I Apartments
Studio to 2 Bedroom Apartments

Hampshire I Apartments

103 Cheshire DrElyria, OH 44035
Corporate Housing
  • Utilities Included

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.

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249 8th St
1 to 3 Bedroom Apartments

249 8th St

249 8th StElyria, OH 44035
  • Smoke Free
property at 25735 Lorain Rd

$1,040 - $1,350

1 To 2 Bedroom Rentals

Available Now

25735 Lorain Rd

North OlmstedOH44070

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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Grafton, OH Local Guide

Cheapest Available Grafton Apartments for Rent and Nearby

 

The cheapest available apartment rental in Grafton, OH is a 1 Bed unit found at Foxes' Lair Apartments in the North Elyria neighborhood priced from $810. Forest Ridge Apartments in the North Ridgeville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Grafton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Foxes' Lair Apartments1 Bedroom Apartment1BR,1BA$810
Forest Ridge ApartmentsOne Bedroom One Bath - Call for Availability1BR,1BA$850
Rosewood Park Apartments2 Bedroom 1 Bath2BR,1BA$875
Mill Stream RunOne Bedroom1BR,1BA$890
The Alba ApartmentsAlba 1BR1BR,1BA$895
Pinegrove Apartments129 David Drive2BR,1BA$900
Condor Garden Apartments2 Bedroom2BR,1BA$910
Willow Ridge ApartmentsOne Bedroom One Bath - Call for Availability1BR,1BA$950
Fawn Lake Apartments1 Bed 1 Bath Southside1BR,1BA$965
Sunset Townhouses2 Bed Townhome2BR,1BA$975

Best Value Apartments for Rent in Grafton, OH and Nearby

As of July 29, 2026 the best value apartment in the Grafton area is the $1.44 price per square foot Villa Model at Waterford Luxury Apartments & Villas in the in the Bentley Park neighborhood starting from $2,300. The second greatest value Grafton apartment is the 2 Bed 2 Bath Model at Spencer Court starting at $1,825 with a $1.46 price per square foot in the North Ridgeville neighborhood. 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.
Waterford Luxury Apartments & VillasVilla2BR,2BA$1.44
Spencer Court2 Bed 2 Bath2BR,2BA$1.46
Hunters Hollow ApartmentsAllendale2BR,2BA$1.41
601-605 Abbe Rd2 Bed/1.5 Bath2BR,1.5BA$0.85
Forest Hills2BR/1.5BA2BR,1.5BA$1.16
Pinegrove Apartments129 David Drive2BR,1BA$1.06
Sunset Townhouses2 Bed Townhome2BR,1BA$1.17
Evergreen Village Apartments & Townhouses2 Bedroom Townhouse2BR,1.5BA$1.20
Condor Garden Apartments2 Bedroom2BR,1BA$1.19
Foxes' Lair Apartments1 Bedroom Apartment1BR,1BA$1.14

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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Grafton, OH

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

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Frequently Asked Questions about Cheap Grafton Apartments

How much is rent for a Cheap One Bedroom Grafton Apartment?

The lowest price for a Cheap One Bedroom Grafton Apartment is $810 at Foxes' Lair Apartments.

What is the lowest price for a Cheap Two Bedroom Grafton Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Grafton is starting from $875 at Rosewood Park Apartments.

What is the most affordable Grafton Three Bedroom Apartment?

The best deal on a cheap Grafton Three Bedroom Apartment rental is at Sunset Townhouses and starts from $1,000.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

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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.

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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.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.