
Cheap Apartments for Rent in Grafton, VA from $900 (40 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

Monarch Crossing

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The Reserve at Deer Run

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Springhouse Apartments

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Sonoma Woods Apartments – New Ownership & Management
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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St. Andrews Apartments

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The Residences at Forest Grove

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Woodscape Apartments

Woods of Jefferson

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King's Ridge Apartments

Featherstone Apartments at Kiln Creek

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One Central
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.

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Colony Square Apartments

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Grafton Station Apartments

Denbigh Village

Turnberry Wells

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Watermans Crossing Apartments

The Villages of Stoney Run

Citizen Apartments

700 Acqua Apartments
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

161 Jenness Ln

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The Townes at Jones Run

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Aviator Lofts

The Reserves at Arboretum Apartments

The Commonwealth At York

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Legacy at Tech Center

Avant at Huntington Point
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.

1515 Monterrey Pl

Collinwood Square Apartments

Kates Trace

Arboretum Place Apartments

517 Mary Robert Ln

572 Candle Ln

12851 Daybreak Cir

198 Cornell Dr
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

219 Woodhaven Rd
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 | $1,667 | $1,600 | $1,736 |
| Grafton 1 Bedroom Apartments | $1,393 | $920 | $2,088 |
| Grafton 2 Bedroom Apartments | $1,690 | $946 | $2,779 |
| Grafton 3 Bedroom Apartments | $2,020 | $1,425 | $3,309 |
| Grafton 4 Bedroom Apartments | $2,459 | $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: 05/07/2026Current apartment rentals in the Grafton, VA area range in price from $844 to $3,309 with an overall median price of $1,906. The three Grafton neighborhoods with the lowest median rent pricing are Colony Pines at $844, Windsor Great Park at $844, and Warwick Lawns 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 |
|---|---|---|---|
| Colony Pines | $1,681 | $844 | 147 |
| Windsor Great Park | $1,683 | $844 | 105 |
| Warwick Lawns | $1,700 | $844 | 167 |
| Richneck | $2,085 | $844 | 117 |
| Denbrook | $2,384 | $844 | 187 |
Cheapest Available Grafton Apartments for Rent and Nearby
 The cheapest available apartment rental in Grafton, VA is a 1 Bed unit found at Colony Apartments in the Wendwood neighborhood priced from $985. Kates Trace in the Windsor Great Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,000. Here is today’s list of the most affordable Grafton apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Colony Apartments | One Bedroom Efficency | 1BR,1BA | $985 |
| 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 | $1,040 |
| Springhouse Apartments | The Arbor | 1BR,1BA | $1,132 |
| Young's Mill Apartments | 1 Bed 1 Bath Townhome | 1BR,1BA | $1,199 |
| St. Andrews Apartments | 1 Bedroom Upstairs | 1BR,1BA | $1,200 |
| Monarch Crossing | 1b1b Gold Unit | 1BR,1BA | $1,200 |
| The Residences at Forest Grove | 1 Bedroom 1 Bath - Renovated | 1BR,1BA | $1,220 |
| Woodscape Apartments | A1 Partial Renovated | 1BR,1BA | $1,226 |
Best Value Apartments for Rent in Grafton, VA and Nearby
As of May 07, 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 3BR Model at Featherstone Apartments at Kiln Creek starting at $1,829 with a $1.45 price per square foot in the Wendwood 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 |
| Featherstone Apartments at Kiln Creek | 3BR | 3BR,2BA | $1.45 |
| The Villas at Coventry | The Coventry | 2BR,2BA | $1.56 |
| Auburn Pointe | 2 Bedroom | 2BR,1.5BA | $1.10 |
| The Townes at Jones Run | 2-1.5 | 2BR,1.5BA | $1.39 |
| Kates Trace | Two Bedroom | 2BR,2BA | $0.98 |
| River Breeze Apartments | Renovated Three Bedroom | 3BR,2BA | $1.53 |
| King's Ridge Apartments | The Monarch | 2BR,2BA | $1.39 |
| The Residences at Forest Grove | 1 Bedroom 1 Bath - Renovated | 1BR,1BA | $1.55 |
| Colony Apartments | One Bedroom Efficency | 1BR,1BA | $1.30 |
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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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 $1,226.
What is the price of a cheap apartment in Grafton?
The cheapest apartment in Grafton is Colony Apartments which is listed at $985, while the average apartment in Grafton costs $1,906.
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 125 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 $187 which is $1,719 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

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.