Cheap Apartments for Rent in the Madison Neighborhood of Lakewood, OH from $500 (20 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 1609 Lakewood Ave

1609 Lakewood Ave

LakewoodOH44107
close
View Me
South Westerly
Studio to 2 Bedroom Apartments

South Westerly

14401 Detroit AveLakewood, OH 44107
Senior Living
  • Utilities Included
close
View Me
14999 Madison Ave
1 Bedroom Apartments

14999 Madison Ave

14999 Madison AveLakewood, OH 44107
  • Utilities Included
close
View Me
Grace Apartments
1 Bedroom Apartments

Grace Apartments

1414 Grace AveLakewood, OH 44107
  • Utilities Included
close
View Me
Waterbury Apartments
1 to 2 Bedroom Apartments

Waterbury Apartments

1421-1425 Waterbury RdLakewood, OH 44107
  • Utilities Included
close
View Me
15121 Clifton Blvd
1 to 2 Bedroom Apartments

15121 Clifton Blvd

15121 Clifton BlvdLakewood, OH 44107
close
View Me
Riverside Manor
1 Bedroom Apartments

Riverside Manor

3223-3235 Rocky River DrCleveland, OH 44111
  • Utilities Included

Madison, Lakewood, OH Local Guide

Cheapest Available Madison Apartments for Rent

 

The cheapest available apartment rental in the Madison area of Cleveland, OH is a Studio unit found at Windsor's Lakewood Properties priced from $700. 2275 Warren Rd has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here are the most affordable Madison apartments for rent in Cleveland, OH:

Apartment ListingModel NameBed/BathPriced From
Windsor's Lakewood PropertiesStudioStudio,1BA$700
2275 Warren RdStudioStudio,1BA$750
Highland House & Lakewood Area ApartmentsEH EfficiencyStudio,1BA$765
Edgecliff ApartmentsOne Bedroom1BR,1BA$775
The FreelanderOne Bedroom Small1BR,1BA$795

Best Value Apartments for Rent in Madison, OH

As of March 26, 2025 the best value apartment in the Madison area is the $1.42 price per square foot 15009 Hilliard Rd Model at 15009 Hilliard Rd, Unit Lower in the in the Downtown Lakewood neighborhood starting from $1,850. The second greatest value Madison apartment is the 1609 Bunts Rd Model at 1609 Bunts Rd, Unit 1609 - Lower starting at $1,425 with a $1.37 price per square foot in the Downtown Lakewood neighborhood. Here is today’s list of the best values for Madison apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
15009 Hilliard Rd, Unit Lower15009 Hilliard Rd3BR,1BA$1.42
1609 Bunts Rd, Unit 1609 - Lower1609 Bunts Rd2BR,1BA$1.37
1651 Victoria Ave, Unit 11651 Victoria Ave1BR,1BA$1.30
Hilliard West1 Bedroom 1 Bathroom1BR,1BA$1.67
Lakewood Premier Apartments13386 Madison-11BR,1BA$1.09
Clifton CoveOne bedroom1BR,1BA$1.30
Windsor's Lakewood PropertiesStudioStudio ,1BA$1.17
2275 Warren Rd1 Bed/1 Bath1BR,1BA$1.53
Clarence House1 Bed1BR,1BA$1.65
Edgecliff ApartmentsOne Bedroom1BR,1BA$1.55

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Madison, Lakewood, OH

Ranked #6

Among neighborhoods in Lakewood, OH for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Cheap Madison Apartments

What is the Cheapest Studio apartment in Madison?

Currently the most affordable Cheap Studio Apartment in Madison is at Windsor's Lakewood Properties listed at $700.

How much is rent for a Cheap One Bedroom Madison Apartment?

The lowest price for a Cheap One Bedroom Madison Apartment is $775 at Edgecliff Apartments.

What is the lowest price for a Cheap Two Bedroom Madison Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Madison is starting from $950 at Clarence House.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at and starts from $1,350.

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.

decorative image for A Cleveland Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.