Cheap Apartments for Rent in Madison, AL from $500 (67 Rentals)

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

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101 Michael Ave
$1,0252 Bedroom, 1 Bath RentalsAvailable Now

101 Michael Ave

Madison, AL 35758
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144 Angela Dr
$1,0502 Bedroom, 2 Bath RentalsAvailable Now

144 Angela Dr

Madison, AL 35758
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Arlington Park
1 to 3 Bedroom Apartments

Arlington Park

135 Royal DrMadison, AL 35758
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The Sutton
1 to 3 Bedroom Apartments

The Sutton

190 Shelton RdMadison, AL 35758
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The Alexandria
1 to 3 Bedroom Apartments

The Alexandria

1028 Balch RdMadison, AL 35758
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Aurora Apartments
1 to 3 Bedroom Apartments

Aurora Apartments

5550 Promenade Point PkyMadison, AL 35758
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1406 Liberty Dr
$1,0952 Bedroom, 2 Bath RentalsAvailable Now

1406 Liberty Dr

Madison, AL 35758
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116 Michael Ave
$1,0952 Bedroom, 1 Bath RentalsAvailable Now

116 Michael Ave

Madison, AL 35758
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Showing Results 1-50, Page 1 of 2

Madison, AL Local Guide

Cheapest Neighborhoods for Apartments in Madison, AL

Pricing Updated: 02/26/2025

Current apartment rentals in the Madison, AL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Madison Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Triana$1,661$1,139427
N Outer Madison Airport$2,595$8244327

Cheapest Available Madison Apartments for Rent

 

The cheapest available apartment rental in Madison, AL is a Studio unit found at The Reserve at Research Park in the University Research Park neighborhood priced from $800. Limestone Creek Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $841. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Reserve at Research ParkReserve StudioStudio,1BA$800
Limestone Creek Apartment HomesOne Bedroom1BR,1BA$841
Hawthorne at the RidgeBrindley1BR,1BA$856
Madison Station Apartment Homes1 BR / 1 BA1BR,1BA$885
Windscape HomesArubaStudio,2BA$895
Madison Landing at Research Park and the CottagesParker at the Cottages1BR,1BA$905
Somerset at MadisonStudio Premier Terrace1BR,1BA$907
Weston RanchColorado1BR,1BA$913
Belmont Hill Apartments1BR1B- RenBelmont Hill Apartments1BR,1BA$925
Charleston Oaks ApartmentsCherry Blossom1BR,1BA$929

Best Value Apartments for Rent in Madison, AL

As of February 26, 2025 the best value apartment in the Madison area is the $0.97 price per square foot Fairmont A - Fairmont A Model at Hidden River Townhomes in the in the Triana neighborhood starting from $1,649. The second greatest value Madison apartment is the 3X2.5 Townhome Model at Madison Pines Apartment Homes starting at $1,290 with a $1.01 price per square foot in the Indian Creek 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.
Hidden River TownhomesFairmont A - Fairmont A3BR,2.5BA$0.97
Madison Pines Apartment Homes3X2.5 Townhome3BR,2.5BA$1.01
140 on Royal3x23BR,2BA$1.09
Eagle's Landing Apartments2 Bedroom Garden2BR,2BA$1.03
Belle Mor Luxury Apartments1 Deluxe1BR,1BA$1.01
Magnolia Pointe at MadisonEscape-Renovated2BR,1BA$1.07
Grand Reserve1x11BR,1.5BA$1.02
Limestone Creek Apartment HomesOne Bedroom1BR,1BA$0.91
The Bridges in Research Park1 x 11BR,1BA$1.06
Hawthorne at the RidgeBrindley1BR,1BA$1.09

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Pet Friendly Lifestyle
Madison, AL

Ranked #8

Among cities in Alabama for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Madison, AL

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Madison, AL Rentals by Map

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See the most popular apartments and homes in Madison, AL

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Getting Around Madison, AL

Walk Score®

29 / 100

Car-Dependent

Most errands require a car

Bike Score®

38 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 The Reserve at Research Park listed at $800.

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

The lowest price for a Cheap One Bedroom Madison Apartment is $856 at Hawthorne at the Ridge.

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 $975 at Madison Station Apartment Homes.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at Main Street Apartments and starts from $1,180.

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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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.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.