
Cheap Homes for Rent in Gray, TN from $1,000 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Gray.


3159 Tiffany Ct

1018 Konnarock Rd

3918 Timberlake Rd

180 Gray Station Rd
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.

342 Old Gray Station Rd

338 Old Gray Station Rd

1712 Oaklawn St

12 Ivy Ct

115 Beechnut 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.

216 McKinley Church Rd
Gray, TN 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 | $1,459 | $1,050 | $2,000 |
| Gray 3 Bedroom Homes for Rent | $2,098 | $1,300 | $2,500 |
| Gray 4 Bedroom Homes for Rent | $2,266 | $2,100 | $2,600 |
| Gray 5 Bedroom Homes for Rent | $2,750 | $2,750 | $2,750 |
Browse Top Homes for Rent in Gray
Explore Gray
Gray, TN Local Guide
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Cheapest Available Gray Apartments for Rent and Nearby
 The cheapest available apartment rental in Gray, TN is a 1 Bed unit found at Buffalo Ridge Apartments in the Downtown Johnson City neighborhood priced from $700. Watauga Square in the Downtown Johnson City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $817. Here is today’s list of the most affordable Gray apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Buffalo Ridge Apartments | Buffalo 1B 1B | 1BR,1BA | $700 |
| Watauga Square | 1 Bedroom 1 Bathroom | 1BR,1BA | $817 |
| Apex Johnson City | 2 Bed x 1.5 Bath Townhouse | 2BR,1BA | $875 |
| Greenwood Farms Apartments | One Bedroom | 1BR,1BA | $880 |
| Presswood Court | 1 Bedroom | 1BR,1BA | $895 |
Best Value Apartments for Rent in Gray, TN and Nearby
As of July 03, 2026 the best value apartment in the Gray area is the $0.43 price per square foot College Heights Model at College Heights in the in the Downtown Johnson City neighborhood starting from $650. The second greatest value Gray apartment is the 4x4 Super Deluxe Model at Student Quarters Johnson City | Student Housing starting at $750 with a $0.57 price per square foot in the Downtown Johnson City 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. |
|---|---|---|---|
| College Heights | College Heights | 4BR,4BA | $0.43 |
| Student Quarters Johnson City | Student Housing | 4x4 Super Deluxe | 4BR,4BA | $0.57 |
| Dominion Townhomes for Rent | Dominion 2B 2.5B | 2BR,2.5BA | $1.08 |
| Apex Johnson City | 2 Bed x 2.5 Bath Townhouse | 2BR,2.5BA | $1.02 |
| Laurelwood Apartments | 2 Bedroom | 2BR,2BA | $1.04 |
| 106-108 W Mountain View Rd | 2-Bedroom | 2BR,1BA | $1.00 |
| The Harbor | 2BR | 2BR,2BA | $0.97 |
| The Village at Twin Hills | TwinHills 1B 1.5B G | 1BR,1.5BA | $1.17 |
| Presswood Court | 1 Bedroom | 1BR,1BA | $1.05 |
| Buffalo Ridge Apartments | Buffalo 1B 1B | 1BR,1BA | $1.17 |
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.
Pet Friendly LifestyleGray, TN
Ranked #39
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Gray, TN Rentals by Map
See the most popular apartments and homes in Gray, TN
Frequently Asked Questions about Gray
What type of rentals are currently available in Gray?
There are currently 86 Apartments for Rent in Gray, TN with pricing that ranges from $700 to $3,145. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Gray ranging from $1,050 to $2,750.
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 $1,050 to $2,750 with an average monthly rent of $2,143.
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 $1,237 to $3,145, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $2,500. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $700.
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

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.

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.