
Cheap Apartments for Rent in the Madison Village Neighborhood of Lakewood, OH from $500 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the Madison Village area of Lakewood.


1691 Robinwood Ave, Unit 102

AIY Lakewood Area Apartments

Clarence House

Elbur Avenue

Colonial Club Apartments

West Shore Manor
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Madison Village, Lakewood, OH Local Guide

How much does it cost to rent an apartment in Madison Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison Village Studio Apartments | $1,024 | $840 | $1,200 |
| Madison Village 1 Bedroom Apartments | $1,088 | $725 | $2,000 |
| Madison Village 2 Bedroom Apartments | $1,288 | $925 | $1,600 |
| Madison Village 3 Bedroom Apartments | $1,949 | $1,275 | $3,400 |
| Madison Village 4 Bedroom Apartments | $3,064 | $3,064 | $3,064 |
Browse Apartments in this Neighborhood
There are currently 24 rentals with your search options within a 1 mile radius of the Madison Village Neighborhood of Lakewood, OH.
See all Apartments in LakewoodExplore Lakewood
Madison Village, Lakewood, OH Local Guide
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Cheapest Available Madison Village Apartments for Rent
 The cheapest available apartment rental in the Madison Village area of Cleveland, OH is a 1 Bed unit found at 114 South priced from $795. AIY Lakewood Area Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $840. Here are the most affordable Madison Village apartments for rent in Cleveland, OH:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 114 South | 1 Bedroom | 1BR,1BA | $795 |
| AIY Lakewood Area Apartments | RI Studio | Studio,1BA | $840 |
| Elbur Avenue | 1 Bedroom 1 Bath | 1BR,1BA | $850 |
| Clarence House | 1 Bed | 1BR,1BA | $850 |
| Colonial Club Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $875 |
Best Value Apartments for Rent in Madison Village, OH
As of December 27, 2025 the best value apartment in the Madison Village area is the $1.07 price per square foot 2023 Robin St Model at 2023 Robin St, Unit Upper in the in the Madison neighborhood starting from $1,600. The second greatest value Madison Village apartment is the 1302 W 116th St Model at 1302 W 116th St, Unit 2nd Fl starting at $1,795 with a $1.20 price per square foot in the Highland House neighborhood. Here is today’s list of the best values for Madison Village apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2023 Robin St, Unit Upper | 2023 Robin St | 3BR,2BA | $1.07 |
| 1302 W 116th St, Unit 2nd Fl | 1302 W 116th St | 3BR,2BA | $1.20 |
| 1286 Beach Ave | Main | 3BR,1BA | $1.21 |
| 11844 Cliffton Blvd | 1 Bed/1 Bath | 1BR,1BA | $1.00 |
| 2102 Chesterland Ave, Unit 2 | 2102 Chesterland Ave | 2BR,1BA | $1.27 |
| 1498 Winchester Ave, Unit 4 | 1498 Winchester Ave | 2BR,1BA | $1.25 |
| Michael Towers | 2 Bedroom | 2BR,1BA | $1.29 |
| West Shore Manor | 1 Bedroom Large | 1BR,1BA | $1.10 |
| Parkway Arms Apartment | 2 bed / 1 bath | 2BR,1BA | $1.32 |
| 1691 Robinwood Ave, Unit 102 | 1691 Robinwood Ave | 1BR,1BA | $1.29 |
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.
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Read ArticleQuick 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.
Pet Friendly LifestyleMadison Village, Lakewood, OH
Ranked #5
Among cities in Ohio for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Madison Village, Lakewood, OH
School data provided by Great Schools
Lifestyle Ratings
Our team of engineers and researchers is proud to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for West Cleveland, OH. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Madison Village Apartments
What is a cheap apartment in Madison Village?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Madison Village is under $1,025.
What is the price of a cheap apartment in Madison Village?
The cheapest apartment in Madison Village is 114 South which is listed at $795, while the average apartment in Madison Village costs $3,064.
What types of apartments are the cheapest in Madison Village?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 31 regular apartments in Madison Village that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Madison Village?
Cheap apartments in Madison Village have an average cost of $303 which is $2,761 cheaper than the average rent for all rentals in Madison Village.
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.
Helpful Local Expert Guides

A Cleveland Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent
Written by: Sandy Baker
Choosing the ideal place to call home in Cleveland may mean selecting a neighborhood that offers excellent access to the freeways or good overall schools for the kids.

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Whether you're moving to Cleveland to be close to one of the research hubs several of the local universities are known for or you just want to be part of it all in "The Land" knowing where to rent apartments close to the biggest .

Your Official Guide to the Top Neighborhoods to Rent Near Major Employers in Cleveland
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If you’re moving to start a new job, knowing where to live can be overwhelming. Factors like being close to work are important, but so are schools, quality of life, and easy access to transportation.
Articles, How-To's, and Tips

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Apartment Common Area Rules: What Renters Need to Know
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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!















