Cheap Homes for Rent in Madison Neighborhood of Lakewood, OH from $1,200 (6 Rentals)

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

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property at 12700 Lake Ave

12700 Lake Ave

LakewoodOH44107

Cleveland's Best Affordable Neighborhoods

Learn about Cleveland and the best places to live with original content written by our Cleveland, OH Local Expert Sandy Baker

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 2275 Warren Rd priced from $750. Edgecliff Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here are the most affordable Madison apartments for rent in Cleveland, OH:

Apartment ListingModel NameBed/BathPriced From
2275 Warren RdStudioStudio,1BA$750
Edgecliff ApartmentsOne Bedroom1BR,1BA$775
The FreelanderOne Bedroom Small1BR,1BA$795

Best Value Apartments for Rent in Madison, OH

As of May 10, 2025 the best value apartment in the Madison area is the $1.09 price per square foot 2 Bedroom 1 Bathroom Model at Windsor's Lakewood Properties in the in the Downtown Lakewood neighborhood starting from $1,250. The second greatest value Madison apartment is the 2150 Bunts Model at Lakewood Premier Apartments starting at $1,250 with a $1.14 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.
Windsor's Lakewood Properties2 Bedroom 1 Bathroom2BR,1BA$1.09
Lakewood Premier Apartments2150 Bunts2BR,1BA$1.14
12962 Clifton Blvd2 Bed, 1 Bath2BR,1BA$1.36
2215 Chesterland Ave, Unit 22215 Chesterland Ave2BR,1BA$1.28
1651 Victoria Ave, Unit 11651 Victoria Ave1BR,1BA$1.30
Hilliard West1 Bedroom 1 Bathroom1BR,1BA$1.67
Clifton CoveOne bedroom1BR,1BA$1.30
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

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Frequently Asked Questions about Madison

What type of rentals are currently available in Madison?

There are currently 130 Apartments for Rent in Madison, OH with pricing that ranges from $750 to $7,560. There are also 7 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $1,200 to $2,600.

What is the current price range for Rental Homes in Madison?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Madison ranges from $1,200 to $2,600 with an average monthly rent of $1,694.

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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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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.