
Cheap Homes for Rent near Gray Summit, MO from $950 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Gray Summit.


648 Palisades Dr

725 Ridgeside Dr

4701 S Pointe Dr
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.

501 Hoover Ave

1725 W Golden Cir

12 Woodland Oaks Dr

132 Cardinal Ln
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.

629 Elm St
Gray Summit, MO Local Guide

How much does it cost to rent a home in Gray Summit?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Gray Summit 2 Bedroom Homes for Rent | $1,248 | $950 | $1,600 |
| Gray Summit 3 Bedroom Homes for Rent | $2,117 | $1,100 | $5,469 |
| Gray Summit 4 Bedroom Homes for Rent | $3,030 | $2,500 | $3,995 |
| Gray Summit 5 Bedroom Homes for Rent | $2,600 | $2,600 | $2,600 |
Browse Top Homes for Rent in Gray Summit
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Gray Summit, MO Local Guide
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Best Value Homes for Rent in Gray Summit, MO and Nearby
As of September 20, 2026 the best value rental home in the Gray Summit area is the $0.70 price per square foot 1599 Paradise Valley Dr Model at 1599 Paradise Valley Dr in the High Ridge neighborhood starting from $2,500. The second greatest value Gray Summit rental home is the 457 Oak Glen Dr Model at 457 Oak Glen Dr in the Ballwin neighborhood starting at $2,525 with a $1.23 price per square foot. Here is today’s list of the best values for Gray Summit homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1599 Paradise Valley Dr | 1599 Paradise Valley Dr | 4BR, 3BA | $0.70 |
| 457 Oak Glen Dr | 457 Oak Glen Dr | 4BR, 2.5BA | $1.23 |
| 147 Cascade Terrace Dr | 147 Cascade Terrace Dr | 3BR, 2BA | $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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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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See the most popular apartments and homes in Gray Summit, MO
Frequently Asked Questions about Gray Summit
What type of rentals are currently available in Gray Summit?
There are currently 60 Apartments for Rent in Gray Summit, MO with pricing that ranges from $715 to $3,560. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Gray Summit ranging from $950 to $5,469.
What is the current price range for Rental Homes in Gray Summit?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Gray Summit ranges from $950 to $5,469 with an average monthly rent of $2,250.
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

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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.