
Cheap Homes for Rent in Grafton, VA from $1,000 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Grafton.


222 Woodhaven Rd

12750 St George St

161 Jenness Ln

161 Jenness Ln

1116 N Green Dr
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.

382 Deputy Ln

1125 Old Denbigh Blvd

110 Foundry Ct

110 Kingsbridge Ln

717 Ninebark Ct

461 Revolution Lane
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.
Grafton, VA Local Guide

How much does it cost to rent a home in Grafton?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Grafton 2 Bedroom Homes for Rent | $2,053 | $1,550 | $2,475 |
| Grafton 3 Bedroom Homes for Rent | $2,042 | $1,000 | $3,100 |
| Grafton 4 Bedroom Homes for Rent | $2,868 | $1,950 | $3,600 |
Browse Top Homes for Rent in Grafton
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Grafton, VA Local Guide
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Cheapest Neighborhoods for Apartments in Grafton, VA
Pricing Updated: 06/11/2026Current apartment rentals in the Grafton, VA area range in price from $1,000 to $3,150 with an overall median price of $2,760. The three Grafton neighborhoods with the lowest median rent pricing are Warwick Lawns at $1,537, Colony Pines at $1,000, and Denbrook at $1,000. 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 | $2,200 | $1,537 | 2 |
| Colony Pines | $2,900 | $1,000 | 6 |
| Denbrook | $2,900 | $1,000 | 8 |
| Richneck | $2,900 | $1,950 | 1 |
| Windsor Great Park | $2,900 | $1,000 | 3 |
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 Garland | 1BR,1BA | $1,137 |
| Young's Mill Apartments | 1 Bed 1 Bath Townhome | 1BR,1BA | $1,149 |
Best Value Apartments for Rent in Grafton, VA and Nearby
As of June 11, 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 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. |
|---|---|---|---|
| Grand Lake | 4 Bed Premium | 4BR,2.5BA | $1.40 |
| Auburn Pointe | 2 Bedroom | 2BR,1.5BA | $1.10 |
| The Townes at Jones Run | 2-2 | 2BR,2BA | $1.40 |
| Featherstone Apartments | 2RE | 2BR,2BA | $1.57 |
| Kates Trace | Two Bedroom | 2BR,2BA | $0.98 |
| Colony Apartments | Two Bedroom | 2BR,1.5BA | $1.25 |
| One Central | Sandalwood | 2BR,2BA | $1.58 |
| Arboretum Place Apartments | CEDAR | 2BR,2BA | $1.50 |
| Monarch Crossing | 2b1b Platinum Unit | 2BR,1BA | $1.42 |
| King's Ridge Apartments | The Monarch | 2BR,2BA | $1.40 |
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 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 $930 to $3,349. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grafton ranging from $1,000 to $3,600.
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 $1,000 to $3,600 with an average monthly rent of $2,321.
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 $1,430 to $3,349, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $3,100. Four Bedroom Single-Family rentals are also available starting from $1,950 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

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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.