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from $825Studio to 2 Bedroom Apartments Available Now
Washington Plaza
5501 W Washington BlvdChicago, IL 60644
Cheap Apartments for Rent in the Madison Square Neighborhood of Chicago, IL from $700 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Madison Square area of Chicago.
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Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms
Showing Results 1-10, Page 1 of 1
Madison Square, Chicago, IL Local Guide
How much does it cost to rent an apartment in Madison Square?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison Square Studio Apartments | $825 | $825 | $825 |
| Madison Square 1 Bedroom Apartments | $1,305 | $1,185 | $1,429 |
| Madison Square 2 Bedroom Apartments | $1,327 | $1,200 | $1,599 |
| Madison Square 3 Bedroom Apartments | $1,947 | $1,700 | $2,309 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 1 mile radius of the Madison Square Neighborhood of Chicago, IL.
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Madison Square, Chicago, IL Local Guide
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Cheapest Available Madison Square Apartments for Rent
The cheapest available apartment rental in the Madison Square area of Chicago, IL is a Studio unit found at Washington Plaza priced from $825. 5125 W Madison St has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here are the most affordable Madison Square apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Washington Plaza | Studio Apartment | Studio,1BA | $825 |
| 5125 W Madison St | Studio Apartment | Studio,1BA | $875 |
| Pine North | 1BR/1.0BA | 1BR,1BA | $950 |
Best Value Apartments for Rent in Madison Square, IL
As of February 14, 2025 the best value apartment in the Madison Square area is the $1.42 price per square foot 711 S Tripp Ave Model at 711 S Tripp Ave, Unit 2 in the in the Lawndale neighborhood starting from $1,700. The second greatest value Madison Square apartment is the 2BR/1.0BA Model at 200 N Kenneth starting at $1,275 with a $1.28 price per square foot in the West Garfield Park neighborhood. Here is today’s list of the best values for Madison Square apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 711 S Tripp Ave, Unit 2 | 711 S Tripp Ave | 3BR,1BA | $1.42 |
| 200 N Kenneth | 2BR/1.0BA | 2BR,1BA | $1.28 |
| 418-24 S Laramie Ave | 3 Bedroom 1 Bathroom Apartment | 3BR,1BA | $1.49 |
| 551 N Lavergne Ave, Unit 551 2ND FLR | 551 N Lavergne Ave | 2BR,1BA | $1.37 |
| 634-640 N Lamon | 2BR/1.0BA | 2BR,1BA | $1.56 |
| 101-111 S. Harvey Ave. and 237-249 South Blvd | 101 S. Harvey W, 103 S. Harvey, 239 South W, 24... | 1BR,1BA | $1.85 |
| 511-521 S. Cuyler Ave. | 511 S. Cuyler N & 521 S. Cuyler S | 1BR,1BA | $1.91 |
| 1115 S Karlov Ave | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.55 |
| Pine North | 1BR/1.0BA | 1BR,1BA | $1.60 |
| 729 N Central | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.83 |
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Frequently Asked Questions about Cheap Madison Square Apartments
What is the Cheapest Studio apartment in Madison Square?
Currently the most affordable Cheap Studio Apartment in Madison Square is at Washington Plaza listed at $825.
How much is rent for a Cheap One Bedroom Madison Square Apartment?
The lowest price for a Cheap One Bedroom Madison Square Apartment is $950 at Pine North.
What is the lowest price for a Cheap Two Bedroom Madison Square Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Madison Square is starting from $1,085 at 1115 S Karlov Ave.
What is the most affordable Madison Square Three Bedroom Apartment?
The best deal on a cheap Madison Square Three Bedroom Apartment rental is at 418-24 S Laramie Ave and starts from $1,420.
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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