Cheap Apartments for Rent in Gray, IA from $500 (50 Rentals)

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Search the lowest-cost Apartments available for rent right now in Gray.

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.

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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.

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The Briza
1 Bedroom Apartments

The Briza

1104 8th StBoone, IA 50036

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.

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Fonda Apartments
1 to 2 Bedroom Apartments

Fonda Apartments

304 Fairburn StFonda, IA 50540
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Woodland Park - Holstein
1 Bedroom Apartments

Woodland Park - Holstein

400 Minnesota StHolstein, IA 51025
Senior Living
  • Utilities Included

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.

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Boone Park Apartments
1 to 2 Bedroom Apartments

Boone Park Apartments

1127 S Linn StBoone, IA 50036
  • Utilities Included
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800 State Street
2 Bedroom Apartments

800 State Street

800 State StGuthrie Center, IA 50115

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Gray, IA Local Guide

Cheapest Available Gray Apartments for Rent and Nearby

 

The cheapest available apartment rental in Gray, IA is a 1 Bed unit found at 1209 Maple St priced from $550. The Briza has the second lowest priced unit, which is a 1 Bed apartment currently listed from $647. Here is today’s list of the most affordable Gray apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1209 Maple St1 BED / 1 BATH1BR,1BA$550
The BrizaGrand 1 Bedroom1BR,1BA$647
Red Oak 48-Unit (City View Apartments)1 Bedroom1BR,1BA$695
Valley Railroad Apartments2 bedroom2BR,1BA$695
Woodland Park - Manson1 BR1BR,1BA$725
Seneca Place Apartments1 Bedroom1BR,1BA$775
Woodland Park - Fontanelle1 BR1BR,1BA$775
Regency Villa of Atlantic1 Bedroom1BR,1BA$775
Woodland ApartmentsOne Bedroom/One Bath1BR,1BA$781
Brick Towne at Prairie CrossingMicroStudio,1BA$825

Best Value Apartments for Rent in Gray, IA and Nearby

As of June 09, 2026 the best value apartment in the Gray area is the $1.05 price per square foot Solana Model at Stratford Crossing Flats Townhomes in the in the Glynn Village neighborhood starting from $2,200. The second greatest value Gray apartment is the 4 Bedroom Model at Valley Railroad Apartments starting at $825 with a $0.75 price per square foot . Here is today’s list of the best values for Gray apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Stratford Crossing Flats TownhomesSolana3BR,3.5BA$1.05
Valley Railroad Apartments4 Bedroom4BR,2BA$0.75
Windfield West3 Bedroom 2 Bath3BR,2BA$1.05
William Pointe by KadingVilla3BR,1BA$0.91
Cedar Pointe by KadingVilla3BR,1BA$1.04
Sunrise Valley Trails Apartments2 bed2BR,1BA$0.99
Kate's LandingCottage - 22BR,1BA$1.09
SUNDANCE BOONE APARTMENTS2 Bedroom 2 Bathroom2BR,2BA$1.08
The BrizaGrand 1 Bedroom1BR,1BA$1.08
1209 Maple St1 BED / 1 BATH1BR,1BA$1.10

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.

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Real 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.

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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.

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

Explore Gray, IA Rentals by Map

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Frequently Asked Questions about Cheap Gray Apartments

What is the Cheapest Studio apartment in Gray?

Currently the most affordable Cheap Studio Apartment in Gray is at Brick Towne at Prairie Crossing listed at $825.

How much is rent for a Cheap One Bedroom Gray Apartment?

The lowest price for a Cheap One Bedroom Gray Apartment is $550 at 1209 Maple St.

What is the lowest price for a Cheap Two Bedroom Gray Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Gray is starting from $695 at Valley Railroad Apartments.

What is the most affordable Gray Three Bedroom Apartment?

The best deal on a cheap Gray Three Bedroom Apartment rental is at Red Oak 48-Unit (City View Apartments) and starts from $895.

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

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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.

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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.

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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.

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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.