Cheap Apartments for Rent in the Madison Village Neighborhood of Lakewood, OH from $500 (58 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Madison Village area of Lakewood.

property at 11820 Edgewater Dr

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875

Studio, 1 Bath Condo for Rent

Available Now

11820 Edgewater Dr

LakewoodOH44107

Cleveland's Best Affordable Neighborhoods

Learn about Cleveland and the best places to live with original content written by our Cleveland, OH Local Expert Sandy Baker

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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 2115 Dowd Ave

$1,100

3 Bedroom Rentals

Available Now

2115 Dowd Ave

LakewoodOH44107
property at 11850 Edgewater Dr

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

1 Bedroom, 1 Bath Condo for Rent

Available Now

11850 Edgewater Dr, Unit 723

11850 Edgewater Dr
LakewoodOH44107
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Glen Cove Apartments
1 to 2 Bedroom Apartments

Glen Cove Apartments

1277 Cove AveLakewood, OH 44107
  • Utilities Included
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South Westerly
Studio to 2 Bedroom Apartments

South Westerly

14401 Detroit AveLakewood, OH 44107
Senior Living
  • Utilities Included
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West Shore Manor
Studio to 2 Bedroom Apartments

West Shore Manor

12053 Lake AveLakewood, OH 44107
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Clarence House
Studio to 2 Bedroom Apartments

Clarence House

1380-1384 Clarence AveLakewood, OH 44107
  • Utilities Included
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15121 Clifton Blvd
1 to 2 Bedroom Apartments

15121 Clifton Blvd

15121 Clifton BlvdLakewood, OH 44107
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Shorehouse Apartments
Studio to 1 Bedroom Apartments

Shorehouse Apartments

12031 Edgewater DrLakewood, OH 44107
  • Utilities Included
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Grace Apartments
1 Bedroom Apartments

Grace Apartments

1414 Grace AveLakewood, OH 44107
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Mayview Pointe
1 to 2 Bedroom Apartments

Mayview Pointe

11825 Lake AveLakewood, OH 44107
  • Utilities Included
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2275 Warren Rd
Studio to 2 Bedroom Apartments

2275 Warren Rd

2275 Warren RdLakewood, OH 44107
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Clifton Cove
1 Bedroom Apartments

Clifton Cove

12511 Clifton BlvdLakewood, OH 44107
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13322 Madison Ave
1 Bedroom Apartments

13322 Madison Ave

13322 Madison AveLakewood, OH 44107
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Edgewater House
1 to 2 Bedroom Apartments

Edgewater House

12021 Edgewater DrLakewood, OH 44107
  • Utilities Included
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The Logan
1 to 2 Bedroom Apartments

The Logan

11835 Lake AveLakewood, OH 44107
  • Utilities Included
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1055 Cove Ave
1 to 2 Bedroom Apartments

1055 Cove Ave

1055 Cove AveLakewood, OH 44107
  • Utilities Included
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Showing Results 1-50, Page 1 of 2

Madison Village, Lakewood, OH Local Guide

Cheapest Available Madison Village Apartments for Rent

 

The cheapest available apartment rental in the Madison Village area of Cleveland, OH is a 1 Bed unit found at 114 South priced from $795. Skyview Manor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here are the most affordable Madison Village apartments for rent in Cleveland, OH:

Apartment ListingModel NameBed/BathPriced From
114 South1 Bedroom1BR,1BA$795
Skyview Manor1 Bedroom1BR,1BA$895
Parkway Arms Apartment1 Bed / 1 Bath1BR,1BA$950
West Shore Manor1 Bedroom Standard1BR,1BA$985
Elbur Avenue2 Bedroom 1 Bath2BR,1BA$995
Shoreham Apartments0E1B - Efficiency, 1 BathStudio,1BA$999
Clifton Cove1BR/1.0BA1BR,1BA$1,050
12204 Madison Ave1BR/1.0BA1BR,1BA$1,050
11844 Cliffton Blvd1 Bed/1 Bath1BR,1BA$1,050

Best Value Apartments for Rent in Madison Village, OH

As of August 19, 2026 the best value apartment in the Madison Village area is the $1.17 price per square foot Unit 3 Model at 11427 Clifton Blvd in the in the Highland House neighborhood starting from $1,700. The second greatest value Madison Village apartment is the 2 Bed/1 Bath Model at 11844 Cliffton Blvd starting at $1,500 with a $1.25 price per square foot in the Lakewood neighborhood. Here is today’s list of the best values for Madison Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
11427 Clifton BlvdUnit 32BR,1BA$1.17
11844 Cliffton Blvd2 Bed/1 Bath2BR,1BA$1.25
Arbor Apartments2 Bedroom2BR,1BA$1.36
14122 Detroit Ave, Unit Sherlou #314122 Detroit Ave2BR,1BA$0.91
The Lake Villa2 BR2BR,1BA$1.36
Virginia ApartmentsNOT AVAILABLE - North two bedroom2BR,1BA$1.39
11811 Lake Ave, Unit 100711811 Lake Ave2BR,1BA$1.61
Shady Cove Apartments2 Bed / 1 Bath HT2BR,1BA$1.56
The Lewis2 Bedroom, 1 Bath2BR,1BA$1.65
Parkway Arms Apartment1 Bed / 1 Bath1BR,1BA$1.36

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Madison Village, Lakewood, OH

Ranked #4

Among cities in Ohio for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Madison Village, Lakewood, OH

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers is proud to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for West Cleveland, OH. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Madison Village Apartments

What is a cheap apartment in Madison Village?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Madison Village is under $1,050.

What is the price of a cheap apartment in Madison Village?

The cheapest apartment in Madison Village is 114 South which is listed at $795, while the average apartment in Madison Village costs $1,260.

What types of apartments are the cheapest in Madison Village?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8 regular apartments in Madison Village that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Madison Village?

Cheap apartments in Madison Village have an average cost of $286 which is $974 cheaper than the average rent for all rentals in Madison Village.

Expert Rental Resources

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.

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