Cheap Apartments for Rent in Madison County, IN from $300 (20 Rentals)

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

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Plumwood Apartments
Studio to 2 Bedroom Apartments

Plumwood Apartments

5 E Plum StChesterfield, IN 46017
  • Utilities Included
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Central Schools
1 to 2 Bedroom Apartments

Central Schools

2120 Central AveAnderson, IN 46016
Senior Living
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Parq on 8th Apartments
Studio to 3 Bedroom Apartments

Parq on 8th Apartments

1829 E 8th StAnderson, IN 46012
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The Mint
1 to 2 Bedroom Apartments

The Mint

2505 E 10th StAnderson, IN 46012
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Bingham Square
1 to 3 Bedroom Apartments

Bingham Square

2725 W 16th StAnderson, IN 46011
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Hickory Knoll Apartments
1 to 2 Bedroom Apartments

Hickory Knoll Apartments

1603 E 53rd StAnderson, IN 46013
Senior Living
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Showing Results 1-20, Page 1 of 1

Cheapest Available Madison County Apartments for Rent

 

The cheapest available apartment rental in Madison County, IN is a 1 Bed unit found at The Towers at Southdale Affordable Senior priced from $250. Hoosier Woods Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $743. Here is today’s list of the most affordable Madison County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$250
Hoosier Woods Apartments2x2 50%2BR,2BA$743
North Pointe Commons1BR/1BA1BR,1BA$775
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790
Harter House Anderson LLCBlancheStudio,1BA$825

Best Value Apartments for Rent in Madison County, IN

As of March 27, 2025 the best value apartment in the Madison County area is the $0.93 price per square foot 8439 S Firefly Dr Model at 8439 S Firefly Dr in the in the Barrington Estates neighborhood starting from $2,179. The second greatest value Madison County apartment is the 9649 W Constellation Dr Model at 9649 W Constellation Dr starting at $1,975 with a $0.97 price per square foot in the Barrington Estates 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.
8439 S Firefly Dr8439 S Firefly Dr4BR,2BA$0.93
9649 W Constellation Dr9649 W Constellation Dr3BR,2.5BA$0.97
Summerlake Meadows(7182B1) 2x12BR,1BA$1.17
Hoosier Woods Apartments3x2 60%3BR,2BA$0.88
Tin Plate Apartments2 Beds, 2 Baths2BR,2BA$1.18
Villages on Madison Apartments2x1 R-Prem2BR,1BA$1.23
110 Darin Ct, Unit 1110 Darin Ct2BR,1BA$1.00
202 W 3rd St, Unit 3202 W 3rd St1BR,1BA$1.08
North Pointe Commons1BR/1BA1BR,1BA$1.41
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$0.45

Frequently Asked Questions about Cheap Madison County Apartments

What is a cheap apartment in Madison County?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Madison County is under $905.

What is the price of a cheap apartment in Madison County?

The cheapest apartment in Madison County is The Towers at Southdale Affordable Senior which is listed at $250, while the average apartment in Madison County costs $1,122.

What types of apartments are the cheapest in Madison County?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 12 regular apartments in Madison County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Madison County?

Cheap apartments in Madison County have an average cost of $243 which is $879 cheaper than the average rent for all rentals in Madison County.

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

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Renting Smart: Lease Basics Every Renter Needs

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

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