
Cheap Apartments for Rent in 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

River Breeze Apartments

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Colony Square Apartments

Monarch Crossing

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The Reserve at Deer Run

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Springhouse 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.

Young's Mill Apartments

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The Residences at Forest Grove

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St. Andrews Apartments

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Woodscape Apartments

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The Residences at Sonoma Woods

Woods of Jefferson

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One Central

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Grafton Station
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.

Featherstone Apartments

Denbigh Village

Turnberry Wells

Citizen Apartments

The Villages of Stoney Run

700 Acqua Apartments

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Watermans Crossing Apartments

161 Jenness Ln
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

161 Jenness Ln

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The Townes at Jones Run

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King's Ridge Apartments

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Aviator Lofts

The Reserves at Arboretum Apartments

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MAA Radius

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Legacy at Tech Center

Collinwood Square Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Kates Trace

Arboretum Place Apartments

572 Candle Ln

153 Windsor Castle Dr

106 Woodhaven Rd

1116 N Green Dr

1125 Old Denbigh Blvd

804 New Day Ct
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.

396 Deputy Ln

3 Nichols Pl

110 Foundry Ct
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 | $1,653 | $1,500 | $1,706 |
| Grafton 1 Bedroom Apartments | $1,449 | $930 | $2,061 |
| Grafton 2 Bedroom Apartments | $1,679 | $946 | $2,779 |
| Grafton 3 Bedroom Apartments | $2,024 | $1,425 | $3,349 |
| Grafton 4 Bedroom Apartments | $2,352 | $2,109 | $2,634 |
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: 06/21/2026Current apartment rentals in the Grafton, VA area range in price from $844 to $7,847 with an overall median price of $1,963. The three Grafton neighborhoods with the lowest median rent pricing are Warwick Lawns at $844, Colony Pines at $844, and Windsor Great Park at $844. 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 |
|---|---|---|---|
| Warwick Lawns | $1,750 | $844 | 152 |
| Colony Pines | $1,799 | $844 | 120 |
| Windsor Great Park | $1,847 | $844 | 85 |
| Richneck | $2,085 | $844 | 90 |
| Denbrook | $2,334 | $844 | 161 |
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. Flats at Newport Crossing in the Wendwood neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,017. 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 |
| Flats at Newport Crossing | 60B1 | 2BR,2BA | $1,017 |
| The Reserve at Deer Run | 1 Bedroom/ 1 Bath | 1BR,1BA | $1,115 |
| Springhouse Apartments | The Arbor | 1BR,1BA | $1,128 |
| Young's Mill Apartments | 1 Bed 1 Bath Townhome | 1BR,1BA | $1,149 |
| Monarch Crossing | 1b1b Gold Unit | 1BR,1BA | $1,200 |
| St. Andrews Apartments | 1 Bedroom Upstairs | 1BR,1BA | $1,200 |
| Colony Square Apartments | Renovated Newport | 1BR,1BA | $1,245 |
| Colony Apartments | Two Bedroom | 2BR,1BA | $1,250 |
| The Residences at Sonoma Woods | Modern One-Bedroom Living with Smart Design and... | 1BR,1BA | $1,298 |
Best Value Apartments for Rent in Grafton, VA and Nearby
As of June 21, 2026 the best value apartment in the Grafton area is the $1.40 price per square foot 4 Bed Premium Model at Grand Lake in the in the Robinson Terrace neighborhood starting from $2,384. The second greatest value Grafton apartment is the The Riverwalk Model at Grafton Station starting at $1,849 with a $1.37 price per square foot in the Denbrook 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. |
|---|---|---|---|
| Grand Lake | 4 Bed Premium | 4BR,2.5BA | $1.40 |
| Grafton Station | The Riverwalk | 3BR,2BA | $1.37 |
| Auburn Pointe | 2 Bedroom | 2BR,1.5BA | $1.10 |
| The Villages of Stoney Run | 2BR | 2BR,2BA | $1.51 |
| The Townes at Jones Run | 2-1.5 | 2BR,1.5BA | $1.39 |
| Woodscape Apartments | B2 Renovated | 2BR,1.5BA | $1.44 |
| Kates Trace | Two Bedroom | 2BR,2BA | $0.98 |
| Colony Apartments | Two Bedroom | 2BR,1.5BA | $1.25 |
| Arboretum Place Apartments | CEDAR | 2BR,2BA | $1.50 |
| One Central | Sandalwood | 2BR,2BA | $1.58 |
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!
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See the most popular apartments and homes in Grafton, VA
Frequently Asked Questions about Cheap Grafton Apartments
What is a cheap apartment in Grafton?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Grafton is under $1,298.
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 $1,115, while the average apartment in Grafton costs $1,963.
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 56 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 $162 which is $1,801 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

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.

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.