Cheap Apartments for Rent in Madison, SD from $300 (10 Rentals)

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Evergreen Estates
2 Bedroom Apartments

Evergreen Estates

1005 NE 4th StMadison, SD 57042
Utilities inc.

Madison, SD Local Guide

Cheapest Available Madison Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madison, SD is a 1 Bed unit found at Auburn Manor Apartments in the Northwest Sioux Falls neighborhood priced from $795. Southland Court in the Downtown Brookings neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Auburn Manor Apartments1x1 6191BR,1BA$795
Southland CourtStudio - BStudio,1BA$795
Lake Area Townhomes1 Bedroom1BR,1BA$810

Best Value Apartments for Rent in Madison, SD and Nearby

As of February 26, 2025 the best value apartment in the Madison area is the $0.80 price per square foot 2x1.5 Model at 100 W 10th St in the starting from $1,195. The second greatest value Madison apartment is the 2 Bedroom Model at Lake Area Townhomes starting at $1,240 with a $1.00 price per square foot . Here is today’s list of the best values for Madison apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
100 W 10th St2x1.52BR,1.5BA$0.80
Lake Area Townhomes2 Bedroom2BR,2.5BA$1.00
Fifth Street Apartments & TownhousesUpper Apartment3BR,2BA$1.20
Maple Pass Apartments & Townhomes3 Bed 2 Bath Apartment3BR,2BA$1.03
Falls Park ApartmentsRushmore3BR,2BA$0.89
Marion Crossing Apartments2 Bed 2 Bath Apartment2BR,2BA$1.06
Maple Park Apartments & Townhomes2 Bedroom 2 Bathroom Apartment2BR,2BA$0.81
110 W 10th StModel A2BR,2BA$1.20
Northridge Estates/Perfect LocationOne Bedroom/Pets ok1BR,1BA$1.25
Thelin Center1 Bedroom 1 Bathroom1BR,1BA$1.24

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Madison, SD Rentals by Map

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Getting Around Madison, SD

Walk Score®

45 / 100

Car-Dependent

Most errands require a car

Bike Score®

39 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Southland Court listed at $795.

How much is rent for a Cheap One Bedroom Madison Apartment?

The lowest price for a Cheap One Bedroom Madison Apartment is $795 at Auburn Manor Apartments.

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 $850 at Maple Park Apartments & Townhomes.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at Falls Park Apartments and starts from $1,026.

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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Signing Your Apartment Lease: The Basics

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