Cheap Homes for Rent in Madison County, IL from $500 (21 Rentals)

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

property at 1343 Rhodes St

1343 Rhodes St

Granite CityIL62040
Showing Results 1-21, Page 1 of 1

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 ListingModel NameBed/BathPriced From
Rivers Edge ApartmentsEfficiencyStudio,1BA$620
Rocwood Apartments1BR Units1BR,1BA$650
Cedar Point ApartmentsEfficiencyStudio,1BA$750
The Social EdwardsvilleThe Cougar Unfurnished4BR,4BA$759
Surrey Court Apartments2 Beds, 1 bath2BR,1BA$900

Best Value Apartments for Rent in Madison County, IL

As of April 11, 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 2 BR Apartment Model at Rivers Edge Apartments starting at $1,075 with a $1.00 price per square foot in the Near North Riverfront neighborhood. Here is today’s list of the best values for Madison County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Parc at 720B12BR,2BA$0.72
Rivers Edge Apartments2 BR Apartment2BR,1BA$1.00
ReNew at AltonHunter2BR,1.5BA$1.23
504 Cherry St, Unit 6504 Cherry St2BR,1BA$0.95
Parkview2x12BR,1BA$1.03
Surrey Court Apartments2 Beds, 1 bath2BR,1BA$1.04
The Social EdwardsvilleThe Eddie with Spirit Patio2BR,2BA$1.12
212 S Chestnut St, Unit 2212 S Chestnut St1BR,1BA$1.25
Metro Apartments at Granite CitySave up to $500 off Move In Costs with your EXC...1BR,1BA$1.29
Rocwood Apartments1BR Units1BR,1BA$1.05

Frequently Asked Questions about Madison County

What type of rentals are currently available in Madison County?

There are currently 288 Apartments for Rent in Madison County, IL with pricing that ranges from $550 to $3,000. There are also 58 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 $1,479.

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 $2,315, 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 $1,695 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.

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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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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.