Cheap Homes for Rent in Grafton, WI from $700 (12 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in Grafton.

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.

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.

property at 5625 N 57th St

5625 N 57th St

MilwaukeeWI53218

Grafton, WI Local Guide

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 $725. Brookside Apartments in the Misty Ridge neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here is today’s list of the most affordable Grafton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Harvest Meadows ApartmentsOne Bedroom1BR,1BA$725
Brookside Apartments1 Bed, 1 bath1BR,1BA$950
Cedar Edge Apartments2 BR2BR,1BA$1,190
Berkshire Grafton Senior Apartments - 62+Unit D2BR,1BA$1,298
Seasons at GraftonAStudio,1BA$1,425

Best Value Apartments for Rent in Grafton, WI and Nearby

As of September 09, 2025 the best value apartment in the Grafton area is the $1.04 price per square foot W63N139 Washington Ave Model at W63N139 Washington Ave, Unit W63N137 in the starting from $1,875. The second greatest value Grafton apartment is the 3 bedroom (1697 sf) Model at Cedar Place Apartments starting at $2,770 with a $1.63 price per square foot . Here is today’s list of the best values for Grafton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
W63N139 Washington Ave, Unit W63N137W63N139 Washington Ave3BR,2BA$1.04
Cedar Place Apartments3 bedroom (1697 sf)3BR,2BA$1.63
HILLSIDE ESTATES2 Bed Upper2BR,2BA$1.53
THE CROSSROAD COMMONS2 BED 2 BATH UPPER SPLIT2BR,2BA$1.67
High Bluff TownhomesC1BR,1BA$1.55
Cedar Edge Apartments2BR/DEN2BR,1.5BA$1.38
Berkshire Grafton Senior Apartments - 62+Unit D2BR,1BA$1.35
Cedar Plaza ApartmentsTwo Bedroom + Den2BR,1BA$1.63
Brookside Apartments1 Bed, 1 bath1BR,1BA$1.27
Harvest Meadows ApartmentsOne Bedroom1BR,1BA$1.07

Quick 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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Grafton, WI Rentals by Map

View Map
Grafton, WI Apartments Map
View Map
Grafton, WI Rental Homes Map

Frequently Asked Questions about Grafton

What type of rentals are currently available in Grafton?

There are currently 66 Apartments for Rent in Grafton, WI with pricing that ranges from $725 to $7,345. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grafton ranging from $750 to $5,495.

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 $750 to $5,495 with an average monthly rent of $2,618.

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 $1,875 to $7,345, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $4,950. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $3,800.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Finding The Best Affordable Milwaukee Neighborhoods to Rent article

Finding The Best Affordable Milwaukee Neighborhoods to Rent

Written by: Tim Brown

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.