
Cheap Apartments for Rent in Grafton, WI from $500 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Grafton.


Chateau

1002 5th Ave

Manchester Heights

Woodside Prairie Apartments and Townhomes

Parkridge Apartments

Brookside 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.

Arrowhead Apartments

Paramount Grafton Apartments

Harvest Meadows Apartments

Total Monthly Price
N50 W5616 Portland Rd, Unit N50 W5618 - UPPER, Unit N50 W5618 - UPPER

Cedar Creek Heights

Cedarview Apartments

Cedarwood Apartments
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.

Washington Square

5510 N 34th St

6626 N Bourbon St

4355-4357-4357 N 28th St

6011 W Port Ave

4175 N 91st St

6427 W Medford Ave
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.
Grafton, WI Local Guide

How much does it cost to rent an apartment in Grafton?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Grafton Studio Apartments | $1,429 | $1,255 | $1,825 |
| Grafton 1 Bedroom Apartments | $1,728 | $775 | $3,172 |
| Grafton 2 Bedroom Apartments | $2,177 | $895 | $4,263 |
| Grafton 3 Bedroom Apartments | $2,927 | $1,850 | $3,990 |
| Grafton 4 Bedroom Apartments | $4,200 | $4,200 | $4,200 |
Browse Top Apartments in Grafton
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Grafton, WI Local Guide
- Grafton Neighborhoods
- Nearby Cities
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Cheapest Available Grafton Apartments for Rent and Nearby
 The cheapest available apartment rental in Grafton, WI is a 1 Bed unit found at Harvest Meadows Apartments in the Misty Ridge neighborhood priced from $775. Berkshire Grafton Senior Apartments - 62+ has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,090. Here is today’s list of the most affordable Grafton apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Harvest Meadows Apartments | One Bedroom | 1BR,1BA | $775 |
| Berkshire Grafton Senior Apartments - 62+ | Unit I | 1BR,1BA | $1,090 |
| Seasons at Grafton | 2D | 2BR,2BA | $2,295 |
| 2185 on Wisconsin Townhomes | Standart Unit | 2BR,2BA | $2,695 |
| Cedar Plaza Apartments & Townhomes | Townhome | 3BR,2BA | $3,200 |
Best Value Apartments for Rent in Grafton, WI and Nearby
As of May 09, 2026 the best value apartment in the Grafton area is the $1.63 price per square foot Townhome Model at Cedar Plaza Apartments & Townhomes in the starting from $3,200. The second greatest value Grafton apartment is the Standart Unit Model at 2185 on Wisconsin Townhomes starting at $2,695 with a $1.89 price per square foot . 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. |
|---|---|---|---|
| Cedar Plaza Apartments & Townhomes | Townhome | 3BR,2.5BA | $1.63 |
| 2185 on Wisconsin Townhomes | Standart Unit | 2BR,2.5BA | $1.89 |
| Seasons at Grafton | 2D | 2BR,2BA | $1.89 |
| Harvest Meadows Apartments | One Bedroom | 1BR,1BA | $1.15 |
| Berkshire Grafton Senior Apartments - 62+ | Unit I | 1BR,1BA | $1.67 |
| N50 W5616 Portland Rd, Unit N50 W5618 - UPPER | N50 W5616 Portland Rd | 1BR,1BA | $1.54 |
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!
Explore Grafton, WI Rentals by Map
See the most popular apartments and homes in Grafton, WI
Frequently Asked Questions about Cheap Grafton Apartments
How much is rent for a Cheap One Bedroom Grafton Apartment?
The lowest price for a Cheap One Bedroom Grafton Apartment is $775 at Harvest Meadows Apartments.
What is the lowest price for a Cheap Two Bedroom Grafton Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Grafton is starting from $895 at Harvest Meadows Apartments.
What is the most affordable Grafton Three Bedroom Apartment?
The best deal on a cheap Grafton Three Bedroom Apartment rental is at Cedar Plaza Apartments & Townhomes and starts from $3,200.
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.
Helpful Local Expert Guides

Finding The Best Affordable Milwaukee Neighborhoods to Rent
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I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then just blocks outside the border, many Milwaukee neighborhoods have been home to friends and family for many years.

The Top Neighborhoods for Off-Campus Housing for Milwaukee-Area College Students
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I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then blocks outside the border, many of the Milwaukee neighborhoods profiled here have been home to friends and family.

A Local Experts Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit
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I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then blocks outside the border, Milwaukee's neighborhoods have been home to friends and family for years.
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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
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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.

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
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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.