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.

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
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Aurora Apartments
1 to 3 Bedroom Apartments

Aurora Apartments

5550 Promenade Point PkyMadison, AL 35758
property at 2104 Liberty Dr

2104 Liberty Dr

MadisonAL35758
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Madison, AL Local Guide

Cheapest Neighborhoods for Apartments in Madison, AL

Pricing Updated: 04/11/2025

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$2,085$1,13916
N Outer Madison Airport$2,595$882315

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. Shelton Park Apartments in the Outer Redstone Arsenal neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $849. 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
Shelton Park ApartmentsSTU-MStudio,1BA$849
Main Street ApartmentsOne Bedroom1BR,1BA$865
Madison Station Apartment Homes1 BR / 1 BA1BR,1BA$885
Somerset at MadisonStudio Premier Terrace1BR,1BA$907
Walden at ProvidenceRidgecrest1BR,1BA$950
The Bridges in Research Park1 x 11BR,1BA$950
Elements of Madison ApartmentsA1B - Renovated1BR,1BA$969
Avenue MadisonManhattan - StudioStudio,1BA$969
Abby Glenn - Apartments & Corporate SuitesAbby Select 11BR,1BA$985

Best Value Apartments for Rent in Madison, AL

As of April 11, 2025 the best value apartment in the Madison area is the $0.98 price per square foot Fairmont B - Fairmont B Model at Hidden River Townhomes in the in the Triana neighborhood starting from $1,674. The second greatest value Madison apartment is the Bliss - Renovated Model at Magnolia Pointe at Madison starting at $1,317 with a $0.98 price per square foot in the Outer Redstone Arsenal 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 B - Fairmont B3BR,2.5BA$0.98
Magnolia Pointe at MadisonBliss - Renovated3BR,2BA$0.98
140 on Royal3x23BR,2BA$1.09
Eagle's Landing Apartments2 Bedroom Garden2BR,2BA$1.03
Belle Mor Luxury Apartments1 Deluxe1BR,1BA$1.03
Madison Pines Apartment Homes3X2 Garden3BR,2BA$1.11
Grand Reserve1x11BR,1.5BA$1.02
Hawthorne at the RidgeCapshaw2BR,2BA$1.04
Ashbury Woods1 Bedroom Executive1BR,1BA$1.10
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 $865 at Main Street 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 $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 Weston Ranch and starts from $1,273.

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 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.

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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.

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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.