During the last decades, Multigrid methods have been extensively used for solving large sparse linear systems. Considering their efficiency and the convergence behavior, Multigrid methods are used in many scientific fields as solvers or preconditioners. Herewith, we propose two hybrid parallel algorithms forN-Body simulations using the Particle Mesh method and the Particle Particle Particle Mesh method, respectively, based on the V-Cycle Multigrid method in conjunction with Generic Approximate Sparse Inverses. TheN-Body problem resides in a three-dimensional torus space, and the bodies are subject only to gravitational forces. In each time step of the above methods, a large sparse linear system is solved to compute the gravity potential at each nodal point in order to interpolate the solution to each body. Then the Velocity Verlet method is used to compute the new position and velocity from the acceleration of each respective body. Moreover, a parallel Multigrid algorithm, with a truncated approach in the levels computed in parallel, is proposed for solving large linear systems. Furthermore, parallel results are provided indicating the efficiency of the proposed MultigridN-Body scheme. Theoretical estimates for the complexity of the proposed simulation schemes are provided.