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from $670Studio to 2 Bedroom Apartments Available Now
College Creek Apartments
4815 Todd DrAmes, IA 50014
Cheap Apartments for Rent in Madrid, IA from $400 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in Madrid.
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from $675Studio to 2 Bedroom Apartments Contact Us For Availability
Western Hills Apartments
235 SinclairAmes, IA 50014
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from $680Studio to 2 Bedroom Apartments Available Aug 1
Furman Western Hills
230 Raphael AveAmes, IA 50014
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from $7901 to 3 Bedroom Apartments Available Aug 1
West Field Apartments
5910 Lincoln WayAmes, IA 50014
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from $799Studio to 2 Bedroom Apartments Available Now
Hickory Ridge Apartments
4301 Lincoln SwingAmes, IA 50014
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Madrid, IA Local Guide
High Trestle Trail Bridge by Phil Roeder is licensed under CC BY 2.0
How much does it cost to rent an apartment in Madrid?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madrid Studio Apartments | $1,020 | $670 | $1,797 |
| Madrid 1 Bedroom Apartments | $1,053 | $725 | $2,032 |
| Madrid 2 Bedroom Apartments | $1,354 | $569 | $2,447 |
| Madrid 3 Bedroom Apartments | $1,680 | $519 | $2,740 |
| Madrid 4 Bedroom Apartments | $839 | $404 | $2,280 |
Browse Top Apartments in Madrid
See all Apartments in MadridExplore Madrid
Madrid, IA Local Guide
- Madrid Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Madrid Apartments for Rent and Nearby
The cheapest available apartment rental in Madrid, IA is a 1 Bed unit found at College Creek Apartments in the Eagle Ridge neighborhood priced from $725. Wyndsor Terrace in the Eagle Ridge neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $740. Here is today’s list of the most affordable Madrid apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| College Creek Apartments | 1 Bed, 1 bath | 1BR,1BA | $725 |
| Wyndsor Terrace | Studio | Studio,1BA | $740 |
| Hickory Ridge Apartments | 0 bed, 1 bath | Studio,1BA | $799 |
Best Value Apartments for Rent in Madrid, IA and Nearby
As of March 26, 2025 the best value apartment in the Madrid area is the $1.17 price per square foot A Model at James Point Luxury Townhomes in the in the Kennybrook neighborhood starting from $1,850. The second greatest value Madrid apartment is the Two Bedroom Model at Fieldstream Apartment Homes starting at $1,278 with a $1.16 price per square foot in the Georgetown neighborhood. Here is today’s list of the best values for Madrid apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| James Point Luxury Townhomes | A | 3BR,2.5BA | $1.17 |
| Fieldstream Apartment Homes | Two Bedroom | 2BR,2BA | $1.16 |
| The Madison | 3x3 Furnished | 3BR,3BA | $0.53 |
| Fountainview | 2 Bedroom 1 Bath | 2BR,1BA | $1.15 |
| 839-841 Dickinson Ave | 3 BR/ 2 BA | 3BR,2BA | $1.17 |
| SUNDANCE BOONE APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.00 |
| Point at Ames | Frisco A | 2BR,2BA | $1.05 |
| Oakwood | 1 bedroom | 1BR,1BA | $1.20 |
| Boone Park Apartments | 2BR Upper | 2BR,1BA | $1.16 |
| College Creek Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.16 |
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Best Local Schools in Madrid, IA
Madrid Junior High School
Madrid Community School District
Public School - Grades 6-8 (153)
6 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Madrid, IA Rentals by Map
See the most popular apartments and homes in Madrid, IA
Madrid, IA Apartments MapMadrid, IA Rental Homes MapGetting Around Madrid, IA
Walk Score®
37 / 100
Car-Dependent
Most errands require a car
Bike Score®
47 / 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 Cheap Madrid Apartments
What is the Cheapest Studio apartment in Madrid?
Currently the most affordable Cheap Studio Apartment in Madrid is at Wyndsor Terrace listed at $740.
How much is rent for a Cheap One Bedroom Madrid Apartment?
The lowest price for a Cheap One Bedroom Madrid Apartment is $725 at College Creek Apartments.
What is the lowest price for a Cheap Two Bedroom Madrid Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Madrid is starting from $825 at SUNDANCE BOONE APARTMENTS.
What is the most affordable Madrid Three Bedroom Apartment?
The best deal on a cheap Madrid Three Bedroom Apartment rental is at 839-841 Dickinson Ave and starts from $1,050.
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.
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.
How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.