
Cheap Apartments for Rent near Grafton, VA from $900 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in Grafton.


Flats at Newport Crossing

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Colony Apartments

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The Reserve at Deer Run

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The Residences at Forest Grove

Monarch Crossing

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Colony Square Apartments

River Breeze Apartments
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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Woodscape Apartments

Young's Mill Apartments

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St. Andrews Apartments

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Springhouse Apartments

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One Central

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Woods of Jefferson

Denbigh Village

Grafton Station
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.

Featherstone Apartments at Kiln Creek

The Reserves at Arboretum Apartments

Turnberry Wells

Citizen Apartments

700 Acqua Apartments

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Watermans Crossing Apartments

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King's Ridge Apartments

The Villages of Stoney Run
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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The Townes at Jones Run

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Aviator Lofts

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MAA Radius

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The Residences at Sonoma Woods

Avant at Huntington Point

Collinwood Square Apartments

Kates Trace

Arboretum Place Apartments
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.

540 Pineland Cir

804 New Day Ct

12928 Daybreak Cir

4024 Campbell Rd

293 Circuit Ln

467 Springmont Ct

344 Susan Constant Dr

313 Holmes Blvd
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.

14547 Old Courthouse Way

1125 Old Denbigh Blvd
Grafton, VA Local Guide

How much does it cost to rent an apartment in Grafton?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Grafton Studio Apartments | $1,649 | $1,576 | $1,696 |
| Grafton 1 Bedroom Apartments | $1,532 | $930 | $1,959 |
| Grafton 2 Bedroom Apartments | $1,796 | $931 | $2,819 |
| Grafton 3 Bedroom Apartments | $2,165 | $1,599 | $3,399 |
| Grafton 4 Bedroom Apartments | $2,256 | $2,119 | $2,394 |
Browse Top Apartments in Grafton
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Grafton, VA Local Guide
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Cheapest Neighborhoods for Apartments in Grafton, VA
Pricing Updated: 08/05/2026Current apartment rentals in the Grafton, VA area range in price from $844 to $3,399 with an overall median price of $1,596. The three Grafton neighborhoods with the lowest median rent pricing are Colony Pines at $1,526, Windsor Great Park at $1,549, and Richneck at $1,615. Here is today’s list of the top 5 neighborhoods with the lowest median pricing for Grafton Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Colony Pines | $1,526 | $844 | 79 |
| Windsor Great Park | $1,549 | $844 | 36 |
| Richneck | $1,615 | $844 | 49 |
| Denbrook | $1,622 | $844 | 92 |
| Warwick Lawns | $1,632 | $844 | 109 |
Cheapest Available Grafton Apartments for Rent and Nearby
 The cheapest available apartment rental in Grafton, VA is a 2 Beds unit found at Kates Trace in the Windsor Great Park neighborhood priced from $1,000. The Reserve at Deer Run in the Windsor Great Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,065. Here is today’s list of the most affordable Grafton apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Kates Trace | Two Bedroom | 2BR,2BA | $1,000 |
| The Reserve at Deer Run | 1 Bedroom/ 1 Bath | 1BR,1BA | $1,065 |
| Monarch Crossing | 1b1b Gold Unit | 1BR,1BA | $1,150 |
| Flats at Newport Crossing | 1DLX | 1BR,1BA | $1,150 |
| Colony Square Apartments | Upgraded Newport | 1BR,1BA | $1,195 |
| Colony Apartments | Two Bedroom | 2BR,1BA | $1,250 |
| Springhouse Apartments | The Garland | 1BR,1BA | $1,266 |
| Auburn Pointe | 2 Bedroom | 2BR,1BA | $1,325 |
| One Central | Rosewood | 1BR,1BA | $1,356 |
| Arboretum Place Apartments | WILLOW B60 | 2BR,1BA | $1,369 |
Best Value Apartments for Rent in Grafton, VA and Nearby
As of August 05, 2026 the best value apartment in the Grafton area is the $1.60 price per square foot The Legacy Model at The Villas at Coventry in the in the Robinson Terrace neighborhood starting from $2,400. The second greatest value Grafton apartment is the 2 Bedroom Model at Auburn Pointe starting at $1,325 with a $1.10 price per square foot in the Windsor Great Park neighborhood. Here is today’s list of the best values for Grafton apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Villas at Coventry | The Legacy | 3BR,2BA | $1.60 |
| Auburn Pointe | 2 Bedroom | 2BR,1.5BA | $1.10 |
| 700 Acqua Apartments | The Balearic - condo | 2BR,2BA | $1.54 |
| Woodscape Apartments | B2 Renovated | 2BR,1.5BA | $1.49 |
| Young's Mill Apartments | The Park | 2BR,2BA | $1.38 |
| Kates Trace | Two Bedroom | 2BR,2BA | $0.98 |
| River Breeze Apartments | Renovated Three Bedroom | 3BR,2BA | $1.59 |
| Colony Apartments | Two Bedroom | 2BR,1.5BA | $1.25 |
| The Residences at Forest Grove | 2 Bedroom 1 Bath - Renovated | 2BR,1BA | $1.55 |
| Monarch Crossing | 1b1b Platinum Unit | 1BR,1BA | $1.60 |
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.
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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 Grafton, VA Rentals by Map
See the most popular apartments and homes in Grafton, VA
Frequently Asked Questions about Cheap Grafton Apartments
What is the price of a cheap apartment in Grafton?
The cheapest apartment in Grafton is The Reserve at Deer Run which is listed at $1,065, while the average apartment in Grafton costs $1,596.
What types of apartments are the cheapest in Grafton?
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 44 regular apartments in Grafton 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 Grafton?
Cheap apartments in Grafton have an average cost of $142 which is $1,454 cheaper than the average rent for all rentals in Grafton.
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

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.

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.

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.

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.