
Cheap Homes for Rent in Grafton, WI from $800 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Grafton.


6626 N Bourbon St

4355-4357-4357 N 28th St

6011 W Port Ave
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.

6427 W Medford Ave

4175 N 91st St

6535 N 58th St

9097 N 95th St
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, WI 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 | $1,347 | $925 | $1,950 |
| Grafton 3 Bedroom Homes for Rent | $2,255 | $1,395 | $4,950 |
| Grafton 4 Bedroom Homes for Rent | $1,747 | $1,700 | $1,795 |
Browse Top Homes for Rent in Grafton
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Grafton, WI Local Guide
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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 |
| Woodmere Townhomes | 2 Bed 1 Bath | 2BR,1BA | $1,220 |
Best Value Apartments for Rent in Grafton, WI and Nearby
As of May 22, 2026 the best value apartment in the Grafton area is the $1.89 price per square foot Standart Unit Model at 2185 on Wisconsin Townhomes in the starting from $2,695. The second greatest value Grafton apartment is the 2 Bed 1 Bath Model at Woodmere Townhomes starting at $1,220 with a $1.16 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. |
|---|---|---|---|
| 2185 on Wisconsin Townhomes | Standart Unit | 2BR,2.5BA | $1.89 |
| Woodmere Townhomes | 2 Bed 1 Bath | 2BR,1BA | $1.16 |
| 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 Grafton
What type of rentals are currently available in Grafton?
There are currently 69 Apartments for Rent in Grafton, WI with pricing that ranges from $775 to $4,200. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grafton ranging from $898 to $4,950.
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 $898 to $4,950 with an average monthly rent of $1,605.
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 $1,850 to $3,990, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $4,950. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $4,200.
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
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.

The Top Neighborhoods for Off-Campus Housing for Milwaukee-Area College Students
Written by: Tim Brown
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.
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.