Cheap Apartments for Rent in Madras, OR from $1,200 (18 Rentals)

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Search the lowest-cost Apartments available for rent right now in Madras.

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.

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Cascade Ridge
2 to 3 Bedroom Apartments

Cascade Ridge

366 SW M StMadras, OR 97741

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Madras, OR Local Guide

Cheapest Available Madras Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madras, OR is a Studio unit found at The Reserve @ Metolius priced from $1,350. Dry Canyon has the second lowest priced unit, which is a Studio apartment currently listed from $1,550. Here is today’s list of the most affordable Madras apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Reserve @ MetoliusThe Square @ Metolius - StudioStudio,1BA$1,350
Dry CanyonStudioStudio,1BA$1,550
Outlook at Pilot ButteTanagerStudio,1BA$1,599
StoneBriar Apartments1x11BR,1BA$1,600
Seasons at Farmington ReserveBuckwheat1BR,1BA$1,627

Best Value Apartments for Rent in Madras, OR and Nearby

As of May 17, 2025 the best value apartment in the Madras area is the $1.98 price per square foot 2 Model at Westmount Luxury Apartment Homes in the starting from $2,295. The second greatest value Madras apartment is the 3x2|2 Model at WILD HORSE MESA starting at $1,875 with a $1.66 price per square foot . Here is today’s list of the best values for Madras apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Westmount Luxury Apartment Homes21BR,1BA$1.98
WILD HORSE MESA3x2|23BR,2BA$1.66
Ridgeview HeightsFrontier2BR,2BA$1.62
The NestB22BR,2BA$2.05
Linden Lofts2 Bed2BR,2BA$1.71
Cascade Ridge3 Bed 2 Bath3BR,2BA$1.75
Salmon Crossing2 Bed/2 Bath2BR,2BA$1.82
Escena Apartments2 Bedroom 1 Bathroom Top Floor (XL)2BR,1BA$1.96
Stone Creek Apartments2 Bed/2 Bath2BR,2BA$1.87
The Commons @ Pilot Butte Apartment HomesOBSIDIAN2BR,2BA$2.03

Quick Rent Budget Calculator

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

Explore Madras, OR Rentals by Map

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Getting Around Madras, OR

Walk Score®

44 / 100

Car-Dependent

Most errands require a car

Bike Score®

53 / 100

Bikeable

Some bike infrastructure

Frequently Asked Questions about Cheap Madras Apartments

What is the Cheapest Studio apartment in Madras?

Currently the most affordable Cheap Studio Apartment in Madras is at The Reserve @ Metolius listed at $1,350.

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

The lowest price for a Cheap One Bedroom Madras Apartment is $1,495 at The Reserve @ Metolius.

What is the lowest price for a Cheap Two Bedroom Madras Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Madras is starting from $1,655 at WILD HORSE MESA.

What is the most affordable Madras Three Bedroom Apartment?

The best deal on a cheap Madras Three Bedroom Apartment rental is at Cascade Ridge and starts from $1,769.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

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If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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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.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

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As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.