
Cheap Apartments for Rent in the Madison Village Neighborhood of Lakewood, OH from $500 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in the Madison Village area of Lakewood.


AIY Lakewood Area Apartments

Clarence House

13416 Harlon Ave

Elbur Avenue

Colonial Club Apartments

West Shore Manor
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

2036 Lark St

1609 Hopkins Ave

Skyview Manor

Glen Cove Apartments

South Westerly

2275 Warren Rd

Clifton Blvd. Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Belvidere Apartments & Newton Apartments

Windsor's Lakewood Properties

Clifton Cove

Clarence Plaza Apartments

Waterbury Apartments

Grace Apartments

15121 Clifton Blvd
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Shorehouse Apartments

Edgewater Apartment Complex

114 South

3219 W 114th St

The Franklin Apartments

Kirby Manor Senior Property

A Place for Us Housing Senior Apartments
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.
Madison Village, Lakewood, OH Local Guide

How much does it cost to rent an apartment in Madison Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison Village Studio Apartments | $1,028 | $840 | $1,155 |
| Madison Village 1 Bedroom Apartments | $1,068 | $725 | $2,000 |
| Madison Village 2 Bedroom Apartments | $1,243 | $895 | $1,900 |
| Madison Village 3 Bedroom Apartments | $2,104 | $1,650 | $3,400 |
| Madison Village 4 Bedroom Apartments | $2,050 | $1,650 | $2,500 |
Browse Apartments in this Neighborhood
There are currently 28 rentals with your search options within a 1 mile radius of the Madison Village Neighborhood of Lakewood, OH.
See all Apartments in LakewoodExplore Lakewood
Madison Village, Lakewood, OH Local Guide
- Nearby Lakewood neighborhoods
- Nearby Cities
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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. A Place for Us Housing Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $839. Here are the most affordable Madison Village apartments for rent in Cleveland, OH:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 114 South | 1 Bedroom | 1BR,1BA | $795 |
| A Place for Us Housing Senior Apartments | 1 Bedroom | 1BR,1BA | $839 |
| AIY Lakewood Area Apartments | RI Studio | Studio,1BA | $840 |
| Clarence House | 1 Bed | 1BR,1BA | $850 |
| Elbur Avenue | 1 Bedroom 1 Bath | 1BR,1BA | $850 |
| Colonial Club Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $875 |
| West Shore Manor | 1 Bedroom Large | 1BR,1BA | $885 |
| Skyview Manor | 1 Bedroom | 1BR,1BA | $895 |
| Clifton Towers | 1 Bedroom 1 Bath | 1BR,1BA | $975 |
| Parkway Arms Apartment | 2 bed / 1 bath | 2BR,1BA | $1,025 |
Best Value Apartments for Rent in Madison Village, OH
As of February 19, 2026 the best value apartment in the Madison Village area is the $0.93 price per square foot 2 Bed/1 Bath Model at 11844 Cliffton Blvd in the in the Highland House neighborhood starting from $1,400. The second greatest value Madison Village apartment is the 2075 Lewis Dr Model at 2075 Lewis Dr, Unit 2075 Lewis starting at $1,700 with a $1.42 price per square foot in the Downtown Lakewood neighborhood. Here is today’s list of the best values for Madison Village apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 11844 Cliffton Blvd | 2 Bed/1 Bath | 2BR,1BA | $0.93 |
| 2075 Lewis Dr, Unit 2075 Lewis | 2075 Lewis Dr | 3BR,1BA | $1.42 |
| 1620 Newman Ave, Unit 1622 | 1620 Newman Ave | 2BR,1BA | $1.12 |
| 1673 Victoria Ave, Unit 2 | 1673 Victoria Ave | 2BR,1BA | $1.27 |
| 2102 Chesterland Ave, Unit 2 | 2102 Chesterland Ave | 2BR,1BA | $1.18 |
| The Lake Villa | 2 BR | 2BR,1BA | $1.36 |
| Virginia Apartments | North two bedroom | 2BR,1BA | $1.39 |
| Kenton Apartments | One Bedroom-203 | 1BR,1BA | $1.28 |
| West Shore Manor | 1 Bedroom Large | 1BR,1BA | $1.10 |
| Parkway Arms Apartment | 2 bed / 1 bath | 2BR,1BA | $1.32 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Pet Friendly LifestyleMadison Village, Lakewood, OH
Ranked #4
Among cities in Ohio for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 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 $2,000.
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 14 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 $245 which is $1,755 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.
Helpful Local Expert Guides

A Cleveland Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent
Written by: Sandy Baker
Choosing the ideal place to call home in Cleveland may mean selecting a neighborhood that offers excellent access to the freeways or good overall schools for the kids.

Experts Guide to The Top Neighborhoods to Rent Near Major Colleges and Universities in Cleveland
Written by: Sandy Baker
Whether you're moving to Cleveland to be close to one of the research hubs several of the local universities are known for or you just want to be part of it all in "The Land" knowing where to rent apartments close to the biggest .

Your Official Guide to the Top Neighborhoods to Rent Near Major Employers in Cleveland
Written by: Sandy Baker
If you’re moving to start a new job, knowing where to live can be overwhelming. Factors like being close to work are important, but so are schools, quality of life, and easy access to transportation.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.