2

Graceville, FL Homes for Rent

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  • /6

    $750 Per Month

    • 2 Beds
    • 1 Bath
    • 600 Sq Ft
    • House for Rent

    5457 Creel St, Graceville, FL 32440

    Property Id: 1168229 Graceville City services. Restaurants and shopping within walking distance. Peaceful and quiet hideaway location on a backstreet with only local traffic. Clean and Move In Rdy. $700 mo with a $800 deposit. Contact the owner/live in manager directly: CREEL STREET RENTALS Cara CAT friendly NO dogs!

    5457 Creel St, Graceville, FL 32440
  • /29

    $1,089 Per Month

    • 3 Beds
    • 1 Bath
    • 1,478 Sq Ft
    • House for Rent

    5487 Pelham Ct, Graceville, FL 32440

    Bedrooms: 3Bathrooms: 1Security Deposit: Security deposit is at least equal to one month's rent. However, this amount may be increased according to FL law per property manager's discretionAnimal Friendly: Yes, with $300 SD and $50 monthly pet rent. Breed restrictions may apply.Section 8: Not available for this property.Lawncare included: NoNotable Features: Fenced in

    5487 Pelham Ct, Graceville, FL 32440

Why Live in Graceville

Graceville, located in the Florida Panhandle, is a small town with a population of around 2,200 residents. The town is home to the Baptist University of Florida and a sizable sawmill, Rex Lumber, which contribute to the local economy. Housing in Graceville includes early to mid-20th-century cottages and bungalows, as well as mid-to-late 20th-century ranch-style homes. Properties outside the town often span several acres, providing ample space for those seeking larger lots. The local schools, Jackson County Schools and Graceville School, are highly rated and offer a range of extracurricular activities. For outdoor recreation, residents frequent James A. Martin Park and Tiger Park, which feature sports fields, playgrounds, and picnic areas. Additionally, Florida Caverns State Park, located about 25 miles away, is a popular destination for cave tours, hiking, and kayaking. Shopping and dining options are concentrated along Cotton Street, with local favorites like Gary’s Southern Grill and Grady’s Seafood. Essential services are provided by Piggly Wiggly, Dollar General, and Family Dollar. Transportation is primarily car-dependent, with regional transit services available through J-Trans. Major roads include Florida State Roads 2 and 77, and the nearest emergency room is at Northwest Florida Community Hospital in Chipley, 14 miles south. For air travel, Dothan Regional Airport is 30 miles away, and Northwest Florida Beaches International Airport is 60 miles away.

Frequently Asked Questions

How much does it cost to rent a home in Graceville, FL?
The median rent for a home in Graceville, FL is $919 per month, though prices vary by neighborhood, size, and property type. As of September 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Graceville, FL?
To comfortably afford the median rent in Graceville, FL, a household needs to earn roughly $36,760 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $919 per month in Graceville, FL, renters typically need to show $2,757 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Graceville, FL?
In Graceville, FL, the price-to-rent ratio is 12.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$919
Median Single Family Home Rent
$1,089
How to Rent a Home