
Cheap Homes for Rent in Madrid, NE from $600 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Madrid.


1138 N 8th St

404-406 Kochia Way

102 Taylor St

430 N 2nd Ave

1138 Spruce St

212 N 4th Ave

706 N 6th St

711 Elm St

74978 444th Rd

209 S 2nd Ave

316 W Phillip St

525 Jackson St

303 S 2nd St
Madrid, NE Local Guide

How much does it cost to rent a home in Madrid?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Madrid 2 Bedroom Homes for Rent | $1,086 | $625 | $2,500 |
Madrid 3 Bedroom Homes for Rent | $1,650 | $950 | $2,100 |
Madrid 4 Bedroom Homes for Rent | $1,400 | $1,400 | $1,400 |
Madrid 5 Bedroom Homes for Rent | $1,350 | $1,350 | $1,350 |
Browse Top Homes for Rent in Madrid
Explore Madrid
Madrid, NE Local Guide
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Cheapest Available Madrid Apartments for Rent and Nearby
 The cheapest available apartment rental in Madrid, NE is a 1 Bed unit found at Oak View Apartments priced from $600. Westside has the second lowest priced unit, which is a 2 Beds apartment currently listed from $615. Here is today’s list of the most affordable Madrid apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Oak View Apartments | 1 Bed 1 Bath | 1BR,1BA | $600 |
Westside | 2 Bed 1 Bath | 2BR,1BA | $615 |
Crestview | 1 Bed 1 Bath | 1BR,1BA | $700 |
Lakeside | 2 Bed 1.5 Bath | 2BR,1BA | $730 |
Allura Gardens Apartments | One Bedroom - Upper | 1BR,1BA | $800 |
Best Value Apartments for Rent in Madrid, NE and Nearby
As of April 16, 2025 the best value apartment in the Madrid area is the $0.56 price per square foot 3 Bed 2 Bath Loft Model at Westside in the starting from $700. The second greatest value Madrid apartment is the Ironwood Model at Heartland Flats starting at $1,325 with a $1.32 price per square foot . 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. |
---|---|---|---|
Westside | 3 Bed 2 Bath Loft | 3BR,2BA | $0.56 |
Heartland Flats | Ironwood | 2BR,2BA | $1.32 |
Pacific Heights | The Riverside | 2BR,2BA | $1.27 |
Vintage Rows | 2x1 | 2BR,1BA | $0.75 |
6th Dimension Apartments | 1 Bedroom | 1BR,1BA | $1.28 |
South Platte Terrace Apartments | 1 Bedroom | 1BR,1BA | $1.17 |
631 Illinois St, Unit 1 | 631 Illinois St | 1BR,1BA | $0.93 |
Crestview | 1 Bed 1 Bath | 1BR,1BA | $1.00 |
Allura Gardens Apartments | Two Bedroom - Garden | 2BR,1BA | $1.26 |
Oak View Apartments | 1 Bed 1 Bath | 1BR,1BA | $0.96 |
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Frequently Asked Questions about Madrid
What type of rentals are currently available in Madrid?
There are currently 33 Apartments for Rent in Madrid, NE with pricing that ranges from $500 to $1,700. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madrid ranging from $625 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 $625 to $2,500 with an average monthly rent of $1,203.
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.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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.