227 Village Dr
AmesIA50014
Cheap Homes for Rent in Madrid, IA from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Madrid.
4406 Castlewood Pl
AmesIA50014
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.
323 N Franklin Ave
AmesIA50014
627 Maverick Ln
MadridIA50156
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.
626 Brodie Ln
MadridIA50156
4510 Twain Cir
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.
118 S Franklin Ave
AmesIA50014
615 Walnut St
BooneIA50036
Showing Results 1-8, Page 1 of 1
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 | $1,063 | $825 | $1,275 |
| Madrid 3 Bedroom Homes for Rent | $1,718 | $1,099 | $2,500 |
| Madrid 4 Bedroom Homes for Rent | $1,888 | $1,250 | $2,495 |
| Madrid 5 Bedroom Homes for Rent | $2,247 | $2,000 | $2,495 |
Browse Top Homes for Rent in Madrid
Explore Madrid
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 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 |
Best Value Apartments for Rent in Madrid, IA and Nearby
As of May 14, 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 |
| SUNDANCE BOONE APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.08 |
| Point at Ames | Frisco A | 2BR,2BA | $1.05 |
| Fieldstream Apartment Homes | One Bedroom | 1BR,1BA | $1.27 |
| Oakwood | 1 bedroom | 1BR,1BA | $1.07 |
| Haven Apartments | Cotton | 1BR,1BA | $1.33 |
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Frequently Asked Questions about Madrid
What type of rentals are currently available in Madrid?
There are currently 49 Apartments for Rent in Madrid, IA with pricing that ranges from $404 to $2,750. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madrid ranging from $775 to $2,500.
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 $775 to $2,500 with an average monthly rent of $1,538.
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 $2,410, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,099 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,250 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.
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.