
Cheap Homes for Rent in Gray, IA from $600 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Gray.


621 4th St

423 Marion St

1223 W 2nd St

404 Main St

208 N 11th St
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.

520 W 5th St

700 N 6th

700 N 6th St

22384 Old Hwy 169

707 5th St

1621 Willis Ave
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.
Gray, IA Local Guide

How much does it cost to rent a home in Gray?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Gray 2 Bedroom Homes for Rent | $1,086 | $695 | $1,525 |
| Gray 3 Bedroom Homes for Rent | $1,747 | $1,050 | $2,500 |
| Gray 4 Bedroom Homes for Rent | $2,146 | $900 | $3,495 |
| Gray 5 Bedroom Homes for Rent | $1,897 | $1,595 | $2,200 |
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Gray, IA Local Guide
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Cheapest Available Gray Apartments for Rent and Nearby
 The cheapest available apartment rental in Gray, IA is a 1 Bed unit found at Red Oak 48-Unit (City View Apartments) priced from $675. Woodland Park - Holstein has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Gray apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Red Oak 48-Unit (City View Apartments) | 1 Bedroom | 1BR,1BA | $675 |
| Woodland Park - Holstein | 1 BR | 1BR,1BA | $700 |
| Regency Villa of Atlantic | 1 Bedroom | 1BR,1BA | $775 |
| Seneca Place Apartments | 1 Bedroom | 1BR,1BA | $775 |
| The Briza | Renovated 1 Bedroom | 1BR,1BA | $775 |
Best Value Apartments for Rent in Gray, IA and Nearby
As of December 13, 2025 the best value apartment in the Gray area is the $1.13 price per square foot 3 Bed 2.5 Bath Townhome Model at Providence Lane Townhomes in the starting from $1,620. The second greatest value Gray apartment is the 3 BR 2.5 BA Model at Perry Townhomes starting at $1,495 with a $1.06 price per square foot . Here is today’s list of the best values for Gray apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Providence Lane Townhomes | 3 Bed 2.5 Bath Townhome | 3BR,2.5BA | $1.13 |
| Perry Townhomes | 3 BR 2.5 BA | 3BR,2.5BA | $1.06 |
| Twin Eagles East | Holiday Rent special! $500 down first months re... | 3BR,1BA | $1.06 |
| Sunrise Meadows | B3 - St. Lucia | 2BR,2BA | $1.04 |
| Cedar Pointe | Villa | 3BR,1BA | $1.04 |
| William Pointe by Kading | Villa | 3BR,1BA | $0.91 |
| Sunrise Valley Trails Apartments | 2 bed | 2BR,1BA | $0.99 |
| Kate's Landing | Cottage - 2 | 2BR,1BA | $1.09 |
| SUNDANCE BOONE APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.08 |
| Country Court Apartments - Waukee | 2brtotalremodel | 2BR,1BA | $1.17 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Gray, IA Rentals by Map
See the most popular apartments and homes in Gray, IA
Frequently Asked Questions about Gray
What type of rentals are currently available in Gray?
There are currently 52 Apartments for Rent in Gray, IA with pricing that ranges from $700 to $2,534. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Gray ranging from $675 to $3,495.
What is the current price range for Rental Homes in Gray?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Gray ranges from $675 to $3,495 with an average monthly rent of $1,515.
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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.