
Cheap Apartments for Rent in Grayson, KY from $500 (49 Rentals)
Search the lowest-cost Apartments available for rent right now in Grayson.


1429 3rd Ave

344 Oney Ave

Fort Gay Apartments

1510 7th Ave

University Suites

Hickory Way Apartments

Riverside Landing

4535 Piedmont 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.

Barnett Commons

Lynwood Ter

Garden Park Apartments

116 Oakland Ave

The Cloister

820 7th St

Webster Greene

Herd Flats - Campus Housing

Top Notch Townhomes & Storage
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.

Buffington Apartments

Royal Oaks at Pea Ridge

Providence Hill Apartments

Townhomes & Flats at MSU

Imperial Lofts

4547-4535 Piedmont Rd

Mary Lane Estates

518 9th Ave

607 20th St
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

5016 Main St

4 Circle Dr

Main Street Apartments

215 Bridge St

925 E 6th St

616 E Front St

(Transitioned) Westmoreland

Greentree Apartments

6466 Farmdale Rd
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Fox Run Crossing

Emerald Gardens

60 Township Rd 1118

2228 Washington Ave

238 Township Rd 1110

100 Blue Jacket Cir

1020 Church St

11 Birchwood Ct

6820 Linville Dr
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.

3348 8th Street Rd

36-38 N Front St

25 Alice Ct

1311 Huntington Ave
Grayson, KY Local Guide

How much does it cost to rent an apartment in Grayson?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Grayson Studio Apartments | $1,070 | $775 | $1,400 |
| Grayson 1 Bedroom Apartments | $946 | $503 | $2,682 |
| Grayson 2 Bedroom Apartments | $1,041 | $600 | $3,087 |
| Grayson 3 Bedroom Apartments | $1,065 | $850 | $1,450 |
| Grayson 4 Bedroom Apartments | $1,200 | $1,200 | $1,200 |
Browse Top Apartments in Grayson
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Grayson, KY Local Guide
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Cheapest Available Grayson Apartments for Rent and Nearby
 The cheapest available apartment rental in Grayson, KY is a 1 Bed unit found at The Prichard priced from $503. 1429 3rd Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here is today’s list of the most affordable Grayson apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Prichard | The Grand | 1BR,1BA | $503 |
| 1429 3rd Ave | 1 Bedroom | 1BR,1BA | $550 |
| Fort Gay Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $600 |
| Hickory Way Apartments | 2 Bdr | 2BR,1BA | $640 |
| Riverside Landing | 2 Bed / 1 Bath | 2BR,1BA | $715 |
| Barnett Commons | 2 Bed 55+ | 2BR,1BA | $740 |
| Lynwood Ter | 2 bed | 2BR,1BA | $750 |
| (Transitioned) Westmoreland | 1 Bedroom 1 Bathroom | 1BR,1BA | $790 |
| The Cloister | 1-Bedroom | 1BR,1BA | $800 |
| Fox Run Crossing | 3 Bedroom | 3BR,1BA | $817 |
Best Value Apartments for Rent in Grayson, KY and Nearby
As of June 14, 2026 the best value apartment in the Grayson area is the $0.94 price per square foot 3 Bedroom Unit Model at Sawgrass Greene in the starting from $1,072. The second greatest value Grayson apartment is the 3 Bedroom Model at Fox Run Crossing starting at $817 with a $0.72 price per square foot . Here is today’s list of the best values for Grayson apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sawgrass Greene | 3 Bedroom Unit | 3BR,1.5BA | $0.94 |
| Fox Run Crossing | 3 Bedroom | 3BR,1.5BA | $0.72 |
| Riverside Landing | 3 Bed / 2 Bath | 3BR,2BA | $0.95 |
| Webster Greene | 3 Bedroom Unit | 3BR,1.5BA | $0.96 |
| Emerald Gardens | 2 bedrooms | 2BR,1.5BA | $0.84 |
| Top Notch Townhomes & Storage | Top Notch Rentals | 2BR,1.5BA | $0.94 |
| Hickory Way Apartments | 2 Bdr | 2BR,1BA | $0.77 |
| Marshall Apartments | 2 bedroom | 2BR,1BA | $0.86 |
| Fort Gay Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.95 |
| The Prichard | The Classic | 1BR,1BA | $0.80 |
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.
Best Local Schools in Grayson, KY
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Grayson, KY Rentals by Map
See the most popular apartments and homes in Grayson, KY
Frequently Asked Questions about Cheap Grayson Apartments
What is the Cheapest Studio apartment in Grayson?
Currently the most affordable Cheap Studio Apartment in Grayson is at 1439 6th Avenue listed at $1,025.
How much is rent for a Cheap One Bedroom Grayson Apartment?
The lowest price for a Cheap One Bedroom Grayson Apartment is $503 at The Prichard.
What is the lowest price for a Cheap Two Bedroom Grayson Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Grayson is starting from $640 at Fort Gay Apartments.
What is the most affordable Grayson Three Bedroom Apartment?
The best deal on a cheap Grayson Three Bedroom Apartment rental is at Fox Run Crossing and starts from $817.
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

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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.