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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 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Madrid.
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from $675Studio to 2 Bedroom Apartments Available Now
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 $7351 to 2 Bedroom Apartments Contact Us For Availability
Boone Park Apartments
1127 S Linn StBoone, IA 50036
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from $775Studio to 2 Bedroom Apartments Available Now
Hickory Ridge Apartments
4301 Lincoln SwingAmes, IA 50014
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from $780Studio to 4 Bedroom Apartments Available Aug 4
Gateway
1300 Gateway Hills Park DrAmes, IA 50014
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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from $7901 to 3 Bedroom Apartments Available Aug 1
West Field Apartments
5910 Lincoln WayAmes, IA 50014
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from $840Studio to 3 Bedroom Apartments Available Aug 7
West Towne
4720 Mortensen RdAmes, IA 50014
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from $8501 to 2 Bedroom Apartments Available Aug 1
West Village Apartments
4611 Mortensen RdAmes, IA 50014
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from $8952 to 3 Bedroom Apartments Available Now
SUNDANCE BOONE APARTMENTS
1309 S Linn StBoone, IA 50036
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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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227 Village Dr
AmesIA50014
4406 Castlewood Pl
AmesIA50014
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323 N Franklin Ave
AmesIA50014
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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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 | $915 | $670 | $1,175 |
| Madrid 1 Bedroom Apartments | $1,095 | $725 | $1,810 |
| Madrid 2 Bedroom Apartments | $1,259 | $599 | $2,045 |
| Madrid 3 Bedroom Apartments | $1,451 | $519 | $2,410 |
| Madrid 4 Bedroom Apartments | $788 | $404 | $2,750 |
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 Studio unit found at College Creek Apartments in the Eagle Ridge neighborhood priced from $670. Western Hills Apartments in the Fountainview neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here is today’s list of the most affordable Madrid apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| College Creek Apartments | Studio, 1 bath | Studio,1BA | $670 |
| Western Hills Apartments | 1 Bed, 1 bath | 1BR,1BA | $745 |
| Hickory Ridge Apartments | 0 bed, 1 bath | Studio,1BA | $775 |
| Oakwood | 1 bedroom | 1BR,1BA | $799 |
| SUNDANCE BOONE APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $895 |
Best Value Apartments for Rent in Madrid, IA and Nearby
As of May 15, 2025 the best value apartment in the Madrid area is the $1.31 price per square foot B Model at James Point Luxury Townhomes in the in the Kennybrook neighborhood starting from $2,095. The second greatest value Madrid apartment is the 3BR/2.0BA Model at Village at Rock Creek starting at $1,695 with a $1.18 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 | B | 3BR,2.5BA | $1.31 |
| Village at Rock Creek | 3BR/2.0BA | 3BR,2.5BA | $1.18 |
| The Madison | 3x3 Furnished | 3BR,3BA | $0.53 |
| Fountainview | 2 Bedroom 1 Bath | 2BR,1BA | $1.15 |
| Western Hills Apartments | 2 Beds, 2 baths | 2BR,2BA | $1.05 |
| 839-841 Dickinson Ave | 3 BR/ 2 BA | 3BR,2BA | $1.10 |
| Fieldstream Apartment Homes | One Bedroom | 1BR,1BA | $1.18 |
| SUNDANCE BOONE APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.08 |
| Point at Ames | Frisco A | 2BR,2BA | $1.05 |
| Oakwood | 1 bedroom | 1BR,1BA | $1.07 |
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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 College Creek Apartments listed at $670.
How much is rent for a Cheap One Bedroom Madrid Apartment?
The lowest price for a Cheap One Bedroom Madrid Apartment is $745 at Western Hills 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 $845 at College Creek Apartments.
What is the most affordable Madrid Three Bedroom Apartment?
The best deal on a cheap Madrid Three Bedroom Apartment rental is at Chevalia Ridge Apartments Grimes and starts from $1,500.
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.