Cheap Apartments for Rent near Grayville, IL from $500 (64 Rentals)

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

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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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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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

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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Donaldson Arms
1 to 2 Bedroom Apartments

Donaldson Arms

1407 Howard StEvansville, IN 47713
  • Utilities Included
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Princeton Court
Studio to 2 Bedroom Apartments

Princeton Court

103 Princeton CtEvansville, IN 47715
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Eastland Apartments
1 to 2 Bedroom Apartments

Eastland Apartments

5308 Eden DrEvansville, IN 47715
  • 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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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. Western Hills Apartments in the Howell neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $630. Here is today’s list of the most affordable Grayville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
SPRING VALLEY FLATSThe Redbud1BR,1BA$599
Western Hills ApartmentsWestern Hills Apartments 1 - Bedroom1BR,1BA$630
1210 Char Lee Dr1bed1bath1BR,1BA$660
Valoré at Hidden HillsThe Dogwood - One Bedroom Apartment Home1BR,1BA$675
Embassy Apartments1.11BR,1BA$697
Bradford Pointe ApartmentsINBFP 2x1 675sqft - Classic2BR,1BA$725
Princeton Court1 Bed 1 Bath1BR,1BA$750
Foxfire West Apartments1.1 NS1BR,1BA$795
Woodbridge Place Apartments1x1-7001BR,1BA$799
Market Street ApartmentsStudio Apartment Home in Historic BuildingStudio,1BA$820

Best Value Apartments for Rent in Grayville, IL and Nearby

As of August 21, 2026 the best value apartment in the Grayville area is the $1.04 price per square foot 3BR Villa Model at Circle Point Villas in the in the Gibson County neighborhood starting from $1,595. The second greatest value Grayville apartment is the 3 Bed, 2 Bath Model at The Westcott starting at $1,499 with a $1.15 price per square foot in the Fielding Court 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.
Circle Point Villas3BR Villa3BR,2BA$1.04
The Westcott3 Bed, 2 Bath3BR,2BA$1.15
Eagle Village - Historical Access4BR/2BA - Furnished4BR,2BA$0.47
Ross Center Village2BR/1.0BA2BR,1BA$0.78
Apartments@411BR/1.0BA1BR,1BA$1.19
Baldwin Heights2 Bedroom2BR,1BA$1.10
Vail Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.10
Terra Trace Apartments2x1.5-9362BR,1.5BA$1.12
1210 Char Lee Dr1bed1bath1BR,1BA$0.88
Woodbridge Place Apartments1x1-7001BR,1BA$1.14

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

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.

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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 Market Street Apartments listed at $820.

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 $725 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 Lakewood Flats and Townhomes and starts from $1,260.

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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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.

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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.