Cheap Apartments for Rent in Madison, AL from $500 (56 Rentals)

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

property at 144 Angela Dr

144 Angela Dr

MadisonAL35758
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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
Showing Results 1-50, Page 1 of 2

Madison, AL Local Guide

Cheapest Neighborhoods for Apartments in Madison, AL

Pricing Updated: 03/21/2025

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$1,679$1,139496
N Outer Madison Airport$2,595$9594590

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. Madison Station Apartment Homes in the Indian Creek neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $885. 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
Madison Station Apartment Homes1 BR / 1 BA1BR,1BA$885
Charleston Oaks ApartmentsCherry Blossom1BR,1BA$905
Somerset at MadisonStudio Premier Terrace1BR,1BA$916
Belmont Hill Apartments1BR1B- RenBelmont Hill Apartments1BR,1BA$925
Shelton Park ApartmentsSTU-MStudio,1BA$925
The Bridges in Research Park1 x 11BR,1BA$950
Walden at ProvidenceRidgecrest1BR,1BA$950
18 Watercress GreenThe Bungalow1BR,1BA$959
Capital Park at 72 WestA11BR,1BA$959

Best Value Apartments for Rent in Madison, AL

As of March 21, 2025 the best value apartment in the Madison area is the $0.62 price per square foot 320 Kenneth Blvd NW Model at 320 Kenneth Blvd NW in the in the N Outer Madison Airport neighborhood starting from $1,855. The second greatest value Madison apartment is the 412 Jasmine Dr Model at 412 Jasmine Dr starting at $1,815 with a $0.82 price per square foot in the N Outer Madison Airport 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.
320 Kenneth Blvd NW320 Kenneth Blvd NW3BR,2BA$0.62
412 Jasmine Dr412 Jasmine Dr3BR,2BA$0.82
26106 Beech Grv Ln NW26106 Beech Grv Ln NW4BR,2BA$0.98
163 Dexter Cir163 Dexter Cir4BR,3BA$1.06
Hidden River TownhomesFairmont B - Fairmont B3BR,2.5BA$0.98
Eagle's Landing Apartments2 Bedroom Garden2BR,2BA$1.03
Belle Mor Luxury Apartments1 Deluxe1BR,1BA$0.98
Ashbury Woods2 Bedroom Craftsman2BR,2BA$1.05
Grand Reserve1x11BR,1.5BA$1.02
The Bridges in Research Park1 x 11BR,1BA$1.06

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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 $885 at Madison Station Apartment Homes.

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 Magnolia Pointe at Madison and starts from $1,049.

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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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.

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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.