Cheap Apartments for Rent in the Madison Village Neighborhood of Lakewood, OH from $500 (24 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Madison Village area of Lakewood.

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.

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Glen Cove Apartments
1 to 2 Bedroom Apartments

Glen Cove Apartments

1277 Cove AveLakewood, OH 44107
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South Westerly
Studio to 2 Bedroom Apartments

South Westerly

14401 Detroit AveLakewood, OH 44107
Senior Living
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2275 Warren Rd
Studio to 2 Bedroom Apartments

2275 Warren Rd

2275 Warren RdLakewood, OH 44107
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Clifton Cove
1 Bedroom Apartments

Clifton Cove

12511 Clifton BlvdLakewood, OH 44107
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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.

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Waterbury Apartments
1 to 2 Bedroom Apartments

Waterbury Apartments

1421-1425 Waterbury RdLakewood, OH 44107
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Grace Apartments
1 Bedroom Apartments

Grace Apartments

1414 Grace AveLakewood, OH 44107
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15121 Clifton Blvd
1 to 2 Bedroom Apartments

15121 Clifton Blvd

15121 Clifton BlvdLakewood, OH 44107
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Shorehouse Apartments
Studio to 1 Bedroom Apartments

Shorehouse Apartments

12031 Edgewater DrLakewood, OH 44107
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Madison Village, Lakewood, OH Local Guide

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 ListingModel NameBed/BathPriced From
114 South1 Bedroom1BR,1BA$795
AIY Lakewood Area ApartmentsRI StudioStudio,1BA$840
Elbur Avenue1 Bedroom 1 Bath1BR,1BA$850
Clarence House1 Bed1BR,1BA$850
Colonial Club Apartments1 Bedroom 1 Bathroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
2023 Robin St, Unit Upper2023 Robin St3BR,2BA$1.07
1302 W 116th St, Unit 2nd Fl1302 W 116th St3BR,2BA$1.20
1286 Beach AveMain3BR,1BA$1.21
11844 Cliffton Blvd1 Bed/1 Bath1BR,1BA$1.00
2102 Chesterland Ave, Unit 22102 Chesterland Ave2BR,1BA$1.27
1498 Winchester Ave, Unit 41498 Winchester Ave2BR,1BA$1.25
Michael Towers2 Bedroom2BR,1BA$1.29
West Shore Manor1 Bedroom Large1BR,1BA$1.10
Parkway Arms Apartment2 bed / 1 bath2BR,1BA$1.32
1691 Robinwood Ave, Unit 1021691 Robinwood Ave1BR,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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The 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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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Pet Friendly Lifestyle
Madison Village, Lakewood, OH

Ranked #5

Among cities in Ohio for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

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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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Experts Guide to The Top Neighborhoods to Rent Near Major Colleges and Universities in Cleveland

Written by: Sandy Baker

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 .

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Your Official Guide to the Top Neighborhoods to Rent Near Major Employers in Cleveland

Written by: Sandy Baker

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!