Cheap Apartments for Rent near Gray Summit, MO from $500 (52 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Avenue64 Apartments
Rent Specials
$1,417 - $2,769
Total Monthly Price

Total Monthly Price

Base Rent
$1,417 - $2,769
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Avenue64 Apartments

1000 Watermark DrO'Fallon, MO 63368
Family Friendly
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  • 3D Tour
  • Smoke Free
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Schoettler Village
Rent Specials
$1,433 - $3,537
Total Monthly Price

Total Monthly Price

Base Rent
$1,433 - $3,537
Total Monthly Price
Varies
2 to 3 Bedroom Apartments Available Now

Schoettler Village

15480 Elk Ridge LnChesterfield, MO 63017
Corporate Housing
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Monroe Place
Studio to 2 Bedroom Apartments

Monroe Place

1 Monroe WoodsPacific, MO 63069
  • Utilities Included
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Woodridge Manor Apartments
Studio to 2 Bedroom Apartments

Woodridge Manor Apartments

2404 Williams Creek RdHigh Ridge, MO 63049
Corporate Housing
  • Utilities Included
property at 111 Creek Dr

$999

1 Bedroom, 1 Bath Home for Rent

Available Now

111 Creek Dr

FentonMO63026

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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Riverbend Estates III
2 Bedroom Apartments

Riverbend Estates III

1901 High StWashington, MO 63090
Senior Living
  • Utilities Included

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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Gray Summit, MO Local Guide

Cheapest Available Gray Summit Apartments for Rent and Nearby

 

The cheapest available apartment rental in Gray Summit, MO is a 1 Bed unit found at 990 S Lay Ave priced from $710. Osage Estates Apartments in the Pacific neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Gray Summit apartments for rent:

Apartment ListingModel NameBed/BathPriced From
990 S Lay Ave990 South Lay1BR,1BA$710
Osage Estates Apartments1 Bed, 1 bath1BR,1BA$850
Summit Valley ApartmentsOne Bed, One Bath1BR,1BA$855
Autumn Leaf Apartment Homes1 Bedroom Upstairs1BR,1BA$950
Chapel Ridge of Union1 Bedrooms1BR,1BA$999
Baxter Crossings ApartmentsThe Faust1BR,1BA$1,162
Walden Pond2A2BR,2BA$1,225
Aurora Estates2x1 Layout2BR,1BA$1,225
15Seventy ChesterfieldThe Carrington1BR,1BA$1,243

Best Value Apartments for Rent in Gray Summit, MO and Nearby

As of August 05, 2026 the best value apartment in the Gray Summit area is the $1.41 price per square foot 3 Bed 3 Bath - Washer/Dryer Model at Carriage Place at Lake Chesterfield in the in the Enclaves at Cherry Hills neighborhood starting from $2,075. The second greatest value Gray Summit apartment is the Two Bedroom Model at Southernside Apartments starting at $1,331 with a $1.21 price per square foot in the Tysons Corner neighborhood. Here is today’s list of the best values for Gray Summit apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Carriage Place at Lake Chesterfield3 Bed 3 Bath - Washer/Dryer3BR,3BA$1.41
Southernside ApartmentsTwo Bedroom2BR,2BA$1.21
Highgrove at Big Bend2 Bedroom, 2 Bathroom2BR,2BA$1.28
623 Palisades Dr, Unit 623623 Palisades Dr3BR,1.5BA$1.20
Rockwood SpringsThe Hickory2BR,2BA$1.39
Walden Pond2A2BR,2BA$1.39
Summit Valley ApartmentsOne Bed, One Bath1BR,1BA$1.05
Autumn Leaf Apartment Homes1 Bedroom Downstairs1BR,1BA$1.24
Osage Estates Apartments1 Bed, 1 bath1BR,1BA$1.24
990 S Lay Ave990 South Lay1BR,1BA$1.42

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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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 Summit, MO Rentals by Map

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See the most popular apartments and homes in Gray Summit, MO

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Frequently Asked Questions about Cheap Gray Summit Apartments

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

The lowest price for a Cheap One Bedroom Gray Summit Apartment is $710 at 990 S Lay Ave.

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

Today's best deal for a Cheap Two Bedroom Apartment in Gray Summit is starting from $950 at Osage Estates Apartments.

What is the most affordable Gray Summit Three Bedroom Apartment?

The best deal on a cheap Gray Summit Three Bedroom Apartment rental is at Osage Estates Apartments and starts from $1,300.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.