Cheap Homes for Rent in Grayville, IL from $500 (11 Rentals)

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

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.

Read Article

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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Showing Results 1-11, Page 1 of 1

Grayville, IL Local Guide

Cheapest Available Grayville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Grayville, IL is a Studio unit found at Embassy Apartments in the Lincoln-Bellemeade neighborhood priced from $685. SPRING VALLEY FLATS in the Oakhill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Grayville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Embassy Apartments0.1Studio,1BA$685
SPRING VALLEY FLATSThe Dogwood1BR,1BA$695
Foxfire West Apartments1 Bedroom 1 Bath Fireplace1BR,1BA$775
Lakewood Flats1 Bedroom Deluxe1BR,1BA$785
The Forge on MainStudio AStudio,1BA$800

Best Value Apartments for Rent in Grayville, IL and Nearby

As of September 08, 2025 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 starting from $1,595. The second greatest value Grayville apartment is the 2BR/2.0BA Model at Apartments@41 starting at $1,295 with a $1.06 price per square foot in the Business 41 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
Apartments@412BR/2.0BA2BR,2BA$1.06
Eagle Village4BR/2BA - Furnished4BR,2BA$0.50
The Rathbone Apartments2 Bedroom Unfurnished2BR,1BA$1.07
Liv at Locust CreekDresden2BR,1.5BA$1.09
Vail Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.08
North ParkBerkshire2BR,1.5BA$1.12
Mission Viejo VillasB- Barcelona1BR,1BA$1.13
Lakewood Flats1 Bedroom Deluxe1BR,1BA$0.99
Copper Creek TownhomesA-1 Bedroom Ranch1BR,1BA$1.20

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Grayville, IL Rentals by Map

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Frequently Asked Questions about Grayville

What type of rentals are currently available in Grayville?

There are currently 48 Apartments for Rent in Grayville, IL with pricing that ranges from $580 to $4,399. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grayville ranging from $550 to $3,500.

What is the current price range for Rental Homes in Grayville?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Grayville ranges from $550 to $3,500 with an average monthly rent of $1,407.

How much are larger Three and Four Bedroom Rentals in Grayville?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Grayville range from $1,150 to $1,595, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,400. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $580.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.