
Cheap Homes for Rent in Madison County, IL from $500 (25 Rentals)
Search the lowest-cost Homes available for rent right now in Madison County.


27 Chessen Ave

2311 College Ave

205 N Shamrock St

2309 College Ave

237 N Wood River Ave

523 S Central Ave

806 Center St

2717 Lincoln Ave

1313 Willard Ave

110 N 14th St

1108 George St

2207 Lee Ave

1908 Rhodes St

1906 Rhodes St

525 Mill St

329 Park Ln

206 W Thomas St

2306 College Ave

1343 Rhodes St

2446 E 27th St

1310 Virginia Ave

139 Kinder Ln

766 Wall St

3304 Belle St
Madison County, IL Local Guide

How much does it cost to rent a home in Madison County?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Madison County 2 Bedroom Homes for Rent | $1,051 | $700 | $1,450 |
Madison County 3 Bedroom Homes for Rent | $1,495 | $1,100 | $2,000 |
Madison County 4 Bedroom Homes for Rent | $2,450 | $1,850 | $3,500 |
Madison County 5 Bedroom Homes for Rent | $1,675 | $1,675 | $1,675 |
Browse Homes for Rent in Madison County
Explore Madison County
Cheapest Available Madison County Apartments for Rent
 The cheapest available apartment rental in Madison County, IL is a Studio unit found at Rivers Edge Apartments in the Near North Riverfront neighborhood priced from $620. Rocwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Madison County apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Rivers Edge Apartments | Efficiency | Studio,1BA | $620 |
Rocwood Apartments | 1BR Units | 1BR,1BA | $650 |
Cedar Point Apartments | Efficiency | Studio,1BA | $750 |
The Social Edwardsville | The Cougar Unfurnished | 4BR,4BA | $759 |
Metro Apartments at Wood River | FREE March Rent - Spring Move-In Special - Move... | 1BR,1BA | $850 |
Best Value Apartments for Rent in Madison County, IL
As of March 26, 2025 the best value apartment in the Madison County area is the $0.72 price per square foot B1 Model at Parc at 720 in the in the Fruit Maple Carpenter neighborhood starting from $900. The second greatest value Madison County apartment is the Lancashire B1 Model at Storyboard on Lancashire starting at $1,100 with a $1.04 price per square foot in the Fruit Maple Carpenter neighborhood. Here is today’s list of the best values for Madison County apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Parc at 720 | B1 | 2BR,2BA | $0.72 |
Storyboard on Lancashire | Lancashire B1 | 2BR,1BA | $1.04 |
504 Cherry St, Unit 6 | 504 Cherry St | 2BR,1BA | $0.95 |
Parkview | 2x1 | 2BR,1BA | $0.97 |
Surrey Court Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.04 |
The Social Edwardsville | The Eddie with Spirit Patio | 2BR,2BA | $1.12 |
103 Summit Ave, Unit number 3 | 103 Summit Ave | 2BR,1BA | $1.13 |
1108 George St, Unit 1108 George Street | 1108 George St | 1BR,1BA | $1.01 |
433 N Old St Louis Rd, Unit 429 | 433 N Old St Louis Rd | 2BR,1BA | $1.14 |
Rocwood Apartments | 1BR Units | 1BR,1BA | $1.05 |
Frequently Asked Questions about Madison County
What type of rentals are currently available in Madison County?
There are currently 291 Apartments for Rent in Madison County, IL with pricing that ranges from $550 to $3,750. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison County ranging from $550 to $3,500.
What is the current price range for Rental Homes in Madison County?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Madison County ranges from $550 to $3,500 with an average monthly rent of $1,480.
How much are larger Three and Four Bedroom Rentals in Madison County?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Madison County range from $800 to $3,270, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $2,000. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $750.
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.

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.

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.

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.

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.