
Cheap Homes for Rent in Madison, IN from $900 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Madison.


155 Crabb Ave

2-982 W Vest St

226 Yager Ave

408 IN-3

14633 IN-350

303 W Madison St

421 Mill St

2985 State Hwy 7

2954 Oak Hill Ct

10700 US-42

1304 Heatherbourne Dr

7334 W Orchard Grass Blvd
Madison, IN Local Guide

How much does it cost to rent a home in Madison?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Madison 2 Bedroom Homes for Rent | $1,757 | $950 | $3,200 |
Madison 3 Bedroom Homes for Rent | $2,469 | $1,295 | $5,000 |
Madison 4 Bedroom Homes for Rent | $2,556 | $1,500 | $5,000 |
Madison 5 Bedroom Homes for Rent | $5,900 | $5,900 | $5,900 |
Browse Top Homes for Rent in Madison
Explore Madison
Madison, IN Local Guide
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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 |
Best Value Apartments for Rent in Madison, IN and Nearby
As of April 17, 2025 the best value apartment in the Madison area is the $1.17 price per square foot The Stallion Model at Crestwood Commons Apartments in the in the East End neighborhood starting from $1,720. The second greatest value Madison apartment is the 3 Bedroom Model at Oldham Oaks starting at $1,425 with a $1.06 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. |
---|---|---|---|
Crestwood Commons Apartments | The Stallion | 3BR,2BA | $1.17 |
Oldham Oaks | 3 Bedroom | 3BR,2BA | $1.06 |
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 | $1.12 |
Renaissance Park Apartments | New Construction Two Bedroom Two Bathroom | 2BR,2BA | $1.18 |
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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Frequently Asked Questions about Madison
What type of rentals are currently available in Madison?
There are currently 58 Apartments for Rent in Madison, IN with pricing that ranges from $771 to $10,337. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $900 to $5,900.
What is the current price range for Rental Homes in Madison?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Madison ranges from $900 to $5,900 with an average monthly rent of $2,716.
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.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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.