
Cheap Homes for Rent in Gray, IA from $600 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Gray.


335 Elm St

334 Center St

311 Hansen Ave

107 N 1st St
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.

523 S 11th St

810 E Erie St

2709 1st Ave

1615 13th St

1015 5th 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.

220 S Ontario St
Gray, IA Local Guide

How much does it cost to rent a home in Gray?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Gray 2 Bedroom Homes for Rent | $1,215 | $950 | $1,525 |
| Gray 3 Bedroom Homes for Rent | $1,743 | $1,000 | $2,450 |
| Gray 4 Bedroom Homes for Rent | $2,404 | $1,000 | $2,895 |
Browse Top Homes for Rent in Gray
Explore Gray
Gray, IA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1209 Maple St | 1 BED / 1 BATH | 1BR,1BA | $550 |
| The Briza | Grand 1 Bedroom | 1BR,1BA | $647 |
| City View Apartments | 1 Bedroom | 1BR,1BA | $695 |
| Woodland Park - Manson | 1 BR | 1BR,1BA | $725 |
| Seneca Place Apartments | 1 Bedroom | 1BR,1BA | $775 |
Best Value Apartments for Rent in Gray, IA and Nearby
As of June 19, 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 3 Bedroom 2 Bath Model at Windfield West starting at $1,150 with a $1.05 price per square foot in the Glynn Village neighborhood. Here is today’s list of the best values for Gray apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Stratford Crossing Flats Townhomes | Solana | 3BR,3.5BA | $1.05 |
| Windfield West | 3 Bedroom 2 Bath | 3BR,2BA | $1.05 |
| Valley Railroad Apartments | 3 Bedroom | 3BR,2BA | $0.78 |
| Cedar Pointe by Kading | Villa | 3BR,1BA | $1.04 |
| William Pointe by Kading | Villa | 3BR,1BA | $0.91 |
| Sunrise Valley Trails Apartments | 2 bed | 2BR,1BA | $0.99 |
| Kate's Landing | Cottage - 2 | 2BR,1BA | $1.09 |
| SUNDANCE BOONE APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.08 |
| The Briza | Grand 1 Bedroom | 1BR,1BA | $1.08 |
| 1209 Maple St | 1 BED / 1 BATH | 1BR,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.
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!
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Frequently Asked Questions about Gray
What type of rentals are currently available in Gray?
There are currently 59 Apartments for Rent in Gray, IA with pricing that ranges from $550 to $2,639. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Gray ranging from $625 to $2,895.
What is the current price range for Rental Homes in Gray?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Gray ranges from $625 to $2,895 with an average monthly rent of $1,368.
How much are larger Three and Four Bedroom Rentals in Gray?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Gray range from $920 to $2,639, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,450. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $1,325.
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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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.

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.