Cheap Apartments for Rent in Grafton, IA from $400 (16 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Showing Results 1-16, Page 1 of 1

Grafton, IA Local Guide

Cheapest Available Grafton Apartments for Rent and Nearby

 

The cheapest available apartment rental in Grafton, IA is a Studio unit found at Key Apartments priced from $450. City Center Kent Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $495. Here is today’s list of the most affordable Grafton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Key ApartmentsEfficiencyStudio,1BA$450
City Center Kent ApartmentsStudio1BR,1BA$495
18 S Adams AveOne Bedroom1BR,1BA$525
Key West ApartmentsStudioStudio,1BA$550
CityView Apartments1 bedroom1BR,1BA$735

Best Value Apartments for Rent in Grafton, IA and Nearby

As of March 17, 2025 the best value apartment in the Grafton area is the $1.36 price per square foot Pinnacle Villages - Waverly Model at Pinnacle Villages - Waverly in the starting from $1,630. The second greatest value Grafton apartment is the Unit 1 Model at Irish Hospital Apartments starting at $1,150 with a $1.35 price per square foot . Here is today’s list of the best values for Grafton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pinnacle Villages - WaverlyPinnacle Villages - Waverly3BR,2.5BA$1.36
Irish Hospital ApartmentsUnit 12BR,1BA$1.35
Meadow Lake of Clear Lake Apartments2 Bedroom 1.5 Bathroom2BR,1.5BA$1.03
City Center Kent Apartments1 Bedroom1BR,1BA$0.74
CityView Apartments2 bedroom2BR,1BA$1.03
Webster ApartmentsApt. 102BR,1BA$1.36
Lincoln Apartments LLCApt. 031BR,1BA$1.25
Northern Place Apartments1 Bed, 1 bath1BR,1BA$1.18
Rolling Meadows Apartments- 1 Bedroom/1 Bath Apartment in Excellent Loca...1BR,1BA$1.40
18 S Adams AveOne Bedroom1BR,1BA$0.95

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.

decorative image of people with a giant lease agreement

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

Explore Grafton, IA Rentals by Map

Decorative image of map

See the most popular apartments and homes in Grafton, IA

View MapGrafton, IA Apartments MapView MapGrafton, IA Rental Homes Map

Getting Around Grafton, IA

Walk Score®

12 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

32 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Grafton Apartments

What is the Cheapest Studio apartment in Grafton?

Currently the most affordable Cheap Studio Apartment in Grafton is at Key Apartments listed at $450.

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

The lowest price for a Cheap One Bedroom Grafton Apartment is $495 at City Center Kent Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Grafton is starting from $800 at Skye Lofts Apartments.

What is the most affordable Grafton Three Bedroom Apartment?

The best deal on a cheap Grafton Three Bedroom Apartment rental is at Rolling Meadows Apartments and starts from $975.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.