Cheap Apartments for Rent in Gray, KY from $500 (38 Rentals)

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

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Pebblecreek Crossing
1 to 2 Bedroom Apartments

Pebblecreek Crossing

418 Big Hill AveRichmond, KY 40475
Senior Living
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Magnolia Terrace
1 Bedroom Apartments

Magnolia Terrace

222 Broad StJellico, TN 37762
Senior Living
  • Utilities Included
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Mason Greene
1 to 4 Bedroom Apartments

Mason Greene

54 Stokes CtMonticello, KY 42633
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Century Lofts
1 Bedroom Apartments

Century Lofts

113 N Main StCorbin, KY 40701
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Gray, KY Local Guide

Cheapest Available Gray Apartments for Rent and Nearby

 

The cheapest available apartment rental in Gray, KY is a 1 Bed unit found at Morrow Rentals priced from $650. Pebblecreek Crossing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $724. Here is today’s list of the most affordable Gray apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Morrow Rentals1 Bed 1 Bath1BR,1BA$650
Pebblecreek CrossingOne Bedroom1BR,1BA$724
2215 Buffalo Trl1-Bedroom1BR,1BA$750
Oakhill Apartments5540 N. Broadway St. Oak Hills Apartments2BR,1BA$795
Fry Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$849
Ty Lane Apartments1 Bedroom (600sqft)1BR,1BA$850
1040 Brandy LnTwo Bed2BR,1BA$900
Twin Lakes Apartments1 Bedroom1BR,1BA$927
The Bunkers at Oak RidgeOne Bedroom - One Bath1BR,1BA$960
The ResortOne Bedroom1BR,1BA$995

Best Value Apartments for Rent in Gray, KY and Nearby

As of October 08, 2025 the best value apartment in the Gray area is the $1.40 price per square foot 3 Bedroom Model at Views at Elm Grove in the in the North Knoxville neighborhood starting from $1,749. The second greatest value Gray apartment is the Two Bedroom One Bathroom Model at Fry Estates Apartments starting at $849 with a $0.88 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.
Views at Elm Grove3 Bedroom3BR,2BA$1.40
Fry Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$0.88
Twin Lakes Apartments1 Bedroom1BR,1BA$0.99
The ResortOne Bedroom1BR,1BA$1.11
Oakhill Apartments5540 N. Broadway St. Oak Hills Apartments2BR,1BA$0.96
Monte Vista1 Bedroom 1 Bath1BR,1BA$1.40
Creekview Luxury Apartments1BR/1.0BA1BR,1BA$1.33
2215 Buffalo Trl1-Bedroom1BR,1BA$1.00
1040 Brandy LnTwo Bed2BR,1BA$1.25
Pebblecreek CrossingOne Bedroom1BR,1BA$1.03

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Frequently Asked Questions about Cheap Gray Apartments

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

The lowest price for a Cheap One Bedroom Gray Apartment is $650 at Morrow Rentals.

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 $795 at Oakhill Apartments.

What is the most affordable Gray Three Bedroom Apartment?

The best deal on a cheap Gray Three Bedroom Apartment rental is at 1040 Brandy Ln and starts from $1,000.

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.

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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.