1515 Monterrey Pl
Newport NewsVA23608
Cheap Homes for Rent in Grafton, VA from $900 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Grafton.
4 Clay Dr
Newport NewsVA23606
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.
568 Candle Ln
Newport NewsVA23608
572 Candle Ln
Newport NewsVA23608
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.
12851 Daybreak Cir
Newport NewsVA23602
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Grafton, VA Local Guide
Chesapeake Bay by BelindaChurchpix is licensed under CC BY 2.0
How much does it cost to rent a home in Grafton?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Grafton 2 Bedroom Homes for Rent | $1,895 | $1,395 | $2,475 |
| Grafton 3 Bedroom Homes for Rent | $2,067 | $900 | $3,050 |
| Grafton 4 Bedroom Homes for Rent | $2,659 | $2,300 | $3,400 |
| Grafton 5 Bedroom Homes for Rent | $2,900 | $2,900 | $2,900 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Grafton, VA Local Guide
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Cheapest Neighborhoods for Apartments in Grafton, VA
Pricing Updated: 04/27/2026Current apartment rentals in the Grafton, VA area range in price from $844 to $3,309 with an overall median price of $1,995. 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 | $1,750 | $844 | 172 |
| Windsor Great Park | $1,750 | $844 | 127 |
| Warwick Lawns | $1,760 | $844 | 209 |
| Richneck | $2,085 | $844 | 138 |
| Denbrook | $2,634 | $844 | 226 |
Cheapest Available Grafton Apartments for Rent and Nearby
The cheapest available apartment rental in Grafton, VA is a 2 Beds unit found at Flats at Newport Crossing in the Wendwood neighborhood priced from $931. Colony Apartments in the Wendwood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $985. Here is today’s list of the most affordable Grafton apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Flats at Newport Crossing | 50B1 | 2BR,2BA | $931 |
| Colony Apartments | One Bedroom Efficency | 1BR,1BA | $985 |
| Kates Trace | Two Bedroom | 2BR,2BA | $1,000 |
Best Value Apartments for Rent in Grafton, VA and Nearby
As of April 27, 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 Coventry Model at The Villas at Coventry starting at $1,875 with a $1.56 price per square foot in the Robinson Terrace 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 |
| 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 | $1.37 |
| Kates Trace | Two Bedroom | 2BR,2BA | $0.98 |
| Colony Square Apartments | Renovated Huntington | 2BR,2BA | $1.45 |
| King's Ridge Apartments | The Monarch | 2BR,2BA | $1.41 |
| Woods of Jefferson | One Bedroom | 1BR,1BA | $1.58 |
| Woodscape Apartments | A1 Partial Renovated | 1BR,1BA | $1.57 |
| Colony Apartments | One Bedroom Efficency | 1BR,1BA | $1.30 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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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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Frequently Asked Questions about Grafton
What type of rentals are currently available in Grafton?
There are currently 37 Apartments for Rent in Grafton, VA with pricing that ranges from $920 to $3,309. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grafton ranging from $900 to $3,400.
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 $900 to $3,400 with an average monthly rent of $2,164.
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 $1,425 to $3,309, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $3,050. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $2,109.
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
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.