Cheap Apartments for Rent in Madison, IN from $700 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in Madison.

Meadow Creek Townhomes

Chamberlain Oaks

Tracks at Seymour

Deer Park Apartments

Ashby Apartments

Lakeview Apartments

Springhurst East Apartments

Westport Woods

Oldham Oaks

Maple Brook Apartments

Bishop Place Apartments

Stonewater Apartments

Champion Farms Apartments

Renaissance Park Apartments

Sova

Heritage Square

Parkside Trace Apartments

Green Valley Apartments

Burkart Crossing Apartments

Lyric at Norton Commons

Villas Of Forest Springs

Greenbrier Apartments

Crowne at the Summit

The Flats of River Ridge

Dillsboro Townhomes

Woodfield Apartment Homes

312 Apple Tree Ln

102 Gaslight Dr

226 Yager Ave
Madison, IN Local Guide

How much does it cost to rent an apartment in Madison?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Madison Studio Apartments | $1,300 | $1,172 | $1,440 |
Madison 1 Bedroom Apartments | $1,427 | $771 | $4,254 |
Madison 2 Bedroom Apartments | $1,565 | $800 | $4,087 |
Madison 3 Bedroom Apartments | $2,120 | $900 | $5,525 |
Browse Top Apartments in Madison
See all Apartments in MadisonExplore Madison
Madison, IN Local Guide
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Cheapest Neighborhoods for Apartments in Madison, IN
Pricing Updated: 03/21/2025Current apartment rentals in the Madison, IN 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:
Neighborhood | Median Price | Min Price | Available Units |
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Cheapest Available Madison Apartments for Rent and Nearby
 The cheapest available apartment rental in Madison, IN is a 1 Bed unit found at Stonebrook of Scottsburg priced from $750. Water's Edge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $771. Here is today’s list of the most affordable Madison apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Stonebrook of Scottsburg | A1 | 1BR,1BA | $750 |
Water's Edge | One Bedroom Reservation List | 1BR,1BA | $771 |
281 E Main St | One Bed, One Bath | 1BR,1BA | $775 |
Meadow Creek Townhomes | 2 Bed | 2BR,1BA | $800 |
Chamberlain Oaks | One Bedroom | 1BR,1BA | $810 |
Deer Park Apartments | Studio Gold | 1BR,1BA | $815 |
Tracks at Seymour | 1 Bedroom, 1 Bath, 743 Sq Ft | 1BR,1BA | $850 |
Springhurst East Apartments | 1 Bedroom Gold | 1BR,1BA | $930 |
Oldham Oaks | 2 Bedroom | 2BR,2BA | $1,025 |
Bishop Place Apartments | 1 Bed, 1 bath | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Madison, IN and Nearby
As of March 21, 2025 the best value apartment in the Madison area is the $0.85 price per square foot 8119 Montero Dr Model at 8119 Montero Dr in the in the Harrods Creek neighborhood starting from $2,895. The second greatest value Madison apartment is the 3 Bedroom Model at Oldham Oaks starting at $1,400 with a $1.04 price per square foot . Here is today’s list of the best values for Madison apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
8119 Montero Dr | 8119 Montero Dr | 4BR,3BA | $0.85 |
Oldham Oaks | 3 Bedroom | 3BR,2BA | $1.04 |
Maple Brook Apartments | B - Birchwood | 2BR,2BA | $1.08 |
Rivers Edge Residences | 2 Beds, 2 baths | 2BR,2BA | $1.10 |
Parkside Trace Apartments | 2 BEDROOM 2 BATHROOM NEW CONSTRUCTION | 2BR,2BA | $1.14 |
Lakeview Apartments | 2 BEDROOM 2 BATHROOM B | 2BR,2BA | $1.06 |
281 E Main St | One Bed, One Bath | 1BR,1BA | $0.97 |
Meadow Creek Townhomes | 2 Bed | 2BR,1BA | $1.07 |
Chamberlain Oaks | One Bedroom | 1BR,1BA | $1.15 |
Water's Edge | One Bedroom Reservation List | 1BR,1BA | $1.10 |
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Getting Around Madison, IN
Walk Score®
37 / 100
Car-Dependent
Most errands require a car
Bike Score®
34 / 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 Lyric at Norton Commons listed at $1,172.
How much is rent for a Cheap One Bedroom Madison Apartment?
The lowest price for a Cheap One Bedroom Madison Apartment is $750 at Stonebrook of Scottsburg.
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 $800 at Meadow Creek Townhomes.
What is the most affordable Madison Three Bedroom Apartment?
The best deal on a cheap Madison Three Bedroom Apartment rental is at Meadow Creek Townhomes and starts from $900.
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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.