407 N Covell Ave
Sioux FallsSD57104
Cheap Homes for Rent in Madison, SD from $600 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Madison.
715 W 2nd St
Sioux FallsSD57104
1311 Camelot Dr
BrookingsSD57006
1301 John Deere Cir
MadisonSD57042
1304 N Elmwood Ave
Sioux FallsSD57104
1428 E 4th St
Sioux FallsSD57103
302 N Spring Ave
Sioux FallsSD57104
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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Madison, SD Local Guide
Kansas Highway 99 to Emporia by Stuart Seeger is licensed under CC BY 2.0
How much does it cost to rent a home in Madison?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison 2 Bedroom Homes for Rent | $1,603 | $1,195 | $2,500 |
| Madison 3 Bedroom Homes for Rent | $1,822 | $1,275 | $3,000 |
| Madison 4 Bedroom Homes for Rent | $2,236 | $1,350 | $3,000 |
Browse Top Homes for Rent in Madison
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Madison, SD Local Guide
- Nearby Cities
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Auburn Manor Apartments | 1x1 619 | 1BR,1BA | $795 |
| Southland Court | Studio - B | Studio,1BA | $795 |
| Lake Area Townhomes | 1 Bedroom | 1BR,1BA | $810 |
Best Value Apartments for Rent in Madison, SD and Nearby
As of April 22, 2025 the best value apartment in the Madison area is the $1.20 price per square foot Upper Apartment Model at Fifth Street Apartments & Townhouses in the starting from $1,450. The second greatest value Madison apartment is the 1 Bedroom Model at Lake Area Townhomes starting at $810 with a $0.68 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. |
|---|---|---|---|
| Fifth Street Apartments & Townhouses | Upper Apartment | 3BR,2BA | $1.20 |
| Lake Area Townhomes | 1 Bedroom | 1BR,1BA | $0.68 |
| Falls Park Apartments | Rushmore | 3BR,2BA | $0.80 |
| Maple Park Apartments & Townhomes | 2 Bedroom 2 Bathroom Townhome | 2BR,2BA | $1.07 |
| 110 W 10th St | Model A | 2BR,2BA | $1.25 |
| Northridge Estates/Perfect Location | One Bedroom/Pets ok | 1BR,1BA | $1.21 |
| Thelin Center | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.24 |
| Marion Crossing Apartments | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.19 |
| Maple Pass Apartments & Townhomes | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.24 |
| Auburn Manor Apartments | 1x1 619 | 1BR,1BA | $1.28 |
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Frequently Asked Questions about Madison
What type of rentals are currently available in Madison?
There are currently 48 Apartments for Rent in Madison, SD with pricing that ranges from $399 to $2,896. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $650 to $3,000.
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 $650 to $3,000 with an average monthly rent of $1,522.
How much are larger Three and Four Bedroom Rentals in Madison?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Madison range from $399 to $2,896, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,275 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $1,615.
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.