Cheap Apartments for Rent in Grayville, IL from $500 (54 Rentals)

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

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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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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SPRING VALLEY FLATS
1 to 2 Bedroom Apartments

SPRING VALLEY FLATS

4400 Spring Valley RdEvansville, IN 47710
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1900 N Willow Rd
1 to 3 Bedroom Apartments

1900 N Willow Rd

1900 N Willow RdEvansville, IN 47711

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.

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Donaldson Arms
1 to 2 Bedroom Apartments

Donaldson Arms

1407 Howard StEvansville, IN 47713
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The Rathbone Apartments
1 to 2 Bedroom Apartments

The Rathbone Apartments

1320 SE 2nd StEvansville, IN 47713
Corporate Housing
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Eastland Apartments
1 to 2 Bedroom Apartments

Eastland Apartments

5308 Eden DrEvansville, IN 47715
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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.

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property at 1330 SE 2nd St

$895 - $995

1 To 2 Bedroom Rentals

Available Now

1330 SE 2nd St

EvansvilleIN47713

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Grayville, IL Local Guide

Cheapest Available Grayville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Grayville, IL is a 1 Bed unit found at SPRING VALLEY FLATS in the Oakhill neighborhood priced from $599. Anchor Court in the Howell neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Grayville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
SPRING VALLEY FLATSThe Redbud1BR,1BA$599
Anchor Court1BR/1.0BA1BR,1BA$625
Valoré at Hidden HillsThe Dogwood - One Bedroom Apartment Home1BR,1BA$675
Embassy Apartments0.1Studio,1BA$685
Lakewood Flats and Townhomes1sm wd1BR,1BA$765
The Timbers ApartmentsThe Oak 1 BR 1 BA1BR,1BA$770
Foxfire West Apartments1.1 NS1BR,1BA$795
TERRA TRACEThe Dogwood1BR,1BA$799
Woodbridge PlaceThe Dogwood1BR,1BA$799
Elmdale Apartments1 bed 1 bath1BR,1BA$800

Best Value Apartments for Rent in Grayville, IL and Nearby

As of May 09, 2026 the best value apartment in the Grayville area is the $0.47 price per square foot 4BR/2BA - Furnished Model at Eagle Village - Historical Access in the in the Evansville West Side neighborhood starting from $565. The second greatest value Grayville apartment is the 2BR/1.0BA Model at Ross Center Village starting at $975 with a $0.85 price per square foot in the Lincoln-Bellemeade neighborhood. Here is today’s list of the best values for Grayville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Eagle Village - Historical Access4BR/2BA - Furnished4BR,2BA$0.47
Ross Center Village2BR/1.0BA2BR,1BA$0.85
The Westcott2 Bed, 2 Bath2BR,2BA$1.19
Vail Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.09
North ParkBerkshire2BR,1.5BA$1.12
Princeton Court2 Bed 1 Bath2BR,1BA$1.03
Mission Viejo VillasB- Barcelona1BR,1BA$1.16
Copper Creek TownhomesA-1 Bedroom Ranch1BR,1BA$1.23
Woodbridge PlaceThe Dogwood1BR,1BA$1.14
Valoré at Hidden HillsThe Pine - One Bedroom Apartment Home1BR,1BA$1.25

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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Quick Rent Budget Calculator

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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 Grayville, IL Rentals by Map

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See the most popular apartments and homes in Grayville, IL

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Frequently Asked Questions about Cheap Grayville Apartments

What is the Cheapest Studio apartment in Grayville?

Currently the most affordable Cheap Studio Apartment in Grayville is at Embassy Apartments listed at $685.

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

The lowest price for a Cheap One Bedroom Grayville Apartment is $599 at SPRING VALLEY FLATS.

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

Today's best deal for a Cheap Two Bedroom Apartment in Grayville is starting from $805 at Bradford Pointe Apartments.

What is the most affordable Grayville Three Bedroom Apartment?

The best deal on a cheap Grayville Three Bedroom Apartment rental is at Mission Viejo Villas and starts from $1,345.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.