
Cheap Homes for Rent in Grand Island, FL from $500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Grand Island.


113 S Grove St

12036 Grace Ln

11606 Huggins 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.

16210 Wallace St

348 S Central Ave

35229 Orange Grove Ln
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.
Grand Island, FL Local Guide

How much does it cost to rent a home in Grand Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Grand Island 2 Bedroom Homes for Rent | $1,336 | $595 | $1,699 |
| Grand Island 3 Bedroom Homes for Rent | $1,817 | $1,095 | $2,400 |
| Grand Island 4 Bedroom Homes for Rent | $2,095 | $1,840 | $2,400 |
| Grand Island 5 Bedroom Homes for Rent | $2,172 | $2,025 | $2,690 |
Browse Top Homes for Rent in Grand Island
Explore Grand Island
Grand Island, FL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Grand Island Apartments for Rent and Nearby
 The cheapest available apartment rental in Grand Island, FL is a 1 Bed unit found at Lake Sumter Apartment Homes in the Lady Lake Oaks neighborhood priced from $899. Saunders Lakefront Living in the Inwood Heights neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $984. Here is today’s list of the most affordable Grand Island apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lake Sumter Apartment Homes | One Bedroom One Bath (b) | 1BR,1BA | $899 |
| Saunders Lakefront Living | Serenity (b) | 1BR,1BA | $984 |
| The Parkview Apartments | 1 Bed, 1 bath | 1BR,1BA | $995 |
Best Value Apartments for Rent in Grand Island, FL and Nearby
As of December 28, 2025 the best value apartment in the Grand Island area is the $1.43 price per square foot Palm Model at The Groves at Lake Ella in the in the Chelsea's Run neighborhood starting from $2,202. The second greatest value Grand Island apartment is the Three Bedroom Two Bath Model at Harbor Vista starting at $1,749 with a $1.25 price per square foot in the Silver Lake Estates neighborhood. Here is today’s list of the best values for Grand Island apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Groves at Lake Ella | Palm | 3BR,2BA | $1.43 |
| Harbor Vista | Three Bedroom Two Bath | 3BR,2BA | $1.25 |
| Club at Eustis | Three Bedroom Two Bath | 3BR,2BA | $1.32 |
| Carmendy Square Townhomes | The Ashford | 2BR,1.5BA | $1.27 |
| Rolling Acres Apartments | Two Bedroom Two Bath | 2BR,2BA | $1.22 |
| Bristol Park Apartments | Serenity | 1BR,1BA | $1.49 |
| Laurel Oaks | 2bedroom/2bathroom | 2BR,2BA | $1.18 |
| Southwinds Cove | Three Bedroom and Two & One Half Bath (b) | 3BR,2.5BA | $1.36 |
| Lakeside Retreat at 27 | Two Bedroom Two Bath | 2BR,2BA | $1.32 |
| Arbours at Silver Lake | ONE BEDROOM | 1BR,1BA | $1.29 |
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.
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.
Pet Friendly LifestyleGrand Island, FL
Ranked #354
Among cities in Florida for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Grand Island, FL Rentals by Map
See the most popular apartments and homes in Grand Island, FL
Frequently Asked Questions about Grand Island
What type of rentals are currently available in Grand Island?
There are currently 58 Apartments for Rent in Grand Island, FL with pricing that ranges from $875 to $2,499. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grand Island ranging from $595 to $2,690.
What is the current price range for Rental Homes in Grand Island?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Grand Island ranges from $595 to $2,690 with an average monthly rent of $1,724.
How much are larger Three and Four Bedroom Rentals in Grand Island?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Grand Island range from $1,149 to $2,474, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,095 to $2,400. Four Bedroom Single-Family rentals are also available starting from $1,840 and Four Bedroom Apartments start at $1,449.
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 to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
