Apartments for Rent in Madison, MD Under $500 (1 Rental)
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Madison, MD Local Guide

How much does it cost to rent an apartment in Madison?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Madison Studio Apartments | $2,219 | $1,387 | $3,066 |
Madison 1 Bedroom Apartments | $2,033 | $591 | $3,573 |
Madison 2 Bedroom Apartments | $2,167 | $448 | $3,842 |
Madison 3 Bedroom Apartments | $2,555 | $1,073 | $4,813 |
Madison 4 Bedroom Apartments | $3,678 | $3,099 | $4,049 |
Explore Madison
Madison, MD Local Guide
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Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Getting Around Madison, MD
Walk Score®
5 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
27 / 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 Madison
How much are Studio apartments in Madison?
There are currently 3 Studio Apartments in Madison with rent ranges from $1,387 to $3,066 with an average price of $2,219.
What is the current price range for One Bedroom Madison Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Madison ranges from $591 to $3,573 with an average monthly rent of $2,033.
What does renting a Two Bedroom Apartment in Madison cost?
The monthly rent prices of Two Bedroom Apartments currently available in Madison range from $448 to $3,842. Today's average rental price for Two Bedrooms here is $2,167.
How expensive are Madison Three Bedroom Apartments?
There are currently 24 Three Bedroom Apartments listings available in Madison on ApartmentHomeLiving.com. The pricing ranges from $1,073 to $4,813 - averaging $2,555 for the location.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.