Cheap Apartments for Rent in Madison County, IN from $300 (22 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
  • Utilities Included
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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
  • Utilities Included
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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. Harter House Anderson LLC has the second lowest priced unit, which is a Studio apartment currently listed from $749. 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
Harter House Anderson LLCRoseStudio,1BA$749
North Pointe Commons1BR/1BA1BR,1BA$775
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790
The Tower1BR/1.0BA1BR,1BA$885

Best Value Apartments for Rent in Madison County, IN

As of April 13, 2025 the best value apartment in the Madison County area is the $1.17 price per square foot (7182B1) 2x1 Model at Summerlake Meadows in the in the Barrington Estates neighborhood starting from $1,449. The second greatest value Madison County apartment is the 2 Beds, 2 Baths Model at Tin Plate Apartments starting at $1,195 with a $1.12 price per square foot . 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.
Summerlake Meadows(7182B1) 2x12BR,1BA$1.17
Tin Plate Apartments2 Beds, 2 Baths2BR,2BA$1.12
Cedar Ridge TownhomesThe Walnut2BR,1.5BA$1.07
Hoosier Woods Apartments2x2 60%2BR,2BA$0.99
ApplecreekThe Jonathan.2BR,2BA$1.20
Villages on Madison Apartments2x1 R-Prem2BR,1BA$1.23
Bison Ridge EstatesDeluxe Senior Living - Waiting List1BR,1BA$1.42
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 $1,005.

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 $2,535.

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 8 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 $223 which is $2,312 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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