4406 Castlewood Pl
AmesIA50014
Cheap Homes for Rent in Madrid, IA from $800 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Madrid.
215 Beedle Dr
AmesIA50014
426 Jeffrey Ln
AmesIA50014
127 Greene St
BooneIA50036
118 S Franklin Ave
AmesIA50014
4350 Maricopa Dr
AmesIA50014
204 State Ave
AmesIA50014
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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 a home in Madrid?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madrid 2 Bedroom Homes for Rent | $1,033 | $825 | $1,275 |
| Madrid 3 Bedroom Homes for Rent | $1,834 | $1,275 | $2,500 |
| Madrid 4 Bedroom Homes for Rent | $2,310 | $1,700 | $3,500 |
Browse Top Homes for Rent in Madrid
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Madrid, IA Local Guide
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Cheapest Available Madrid Apartments for Rent and Nearby
The cheapest available apartment rental in Madrid, IA is a 4 Beds unit found at The Social West Ames® in the Fountainview neighborhood priced from $519. College Creek Apartments in the Eagle Ridge neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Madrid apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Social West Ames® | Watson - Station | 4BR,3BA | $519 |
| College Creek Apartments | 1 Bed, 1 bath | 1BR,1BA | $725 |
| Wyndsor Terrace | Studio | Studio,1BA | $740 |
Best Value Apartments for Rent in Madrid, IA and Nearby
As of March 25, 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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Frequently Asked Questions about Madrid
What type of rentals are currently available in Madrid?
There are currently 47 Apartments for Rent in Madrid, IA with pricing that ranges from $404 to $2,740. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madrid ranging from $825 to $3,500.
What is the current price range for Rental Homes in Madrid?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Madrid ranges from $825 to $3,500 with an average monthly rent of $1,725.
How much are larger Three and Four Bedroom Rentals in Madrid?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Madrid range from $519 to $2,740, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,275 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $404.
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.