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.

Windsor's Lakewood Properties

AIY Lakewood Area Apartments
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.

1609 Lakewood Ave

Clarence House

Elbur Avenue

Colonial Club Apartments

West Shore Manor

The Lake Villa
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.

Belvidere Apartments & Newton Apartments
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.

1239 W 115th St

A Place for Us Housing Senior Apartments
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
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 | $1,036 | $750 | $1,200 |
Madison Village 1 Bedroom Apartments | $1,062 | $795 | $2,000 |
Madison Village 2 Bedroom Apartments | $1,441 | $925 | $2,715 |
Madison Village 3 Bedroom Apartments | $1,907 | $1,100 | $2,415 |
Madison Village 4 Bedroom Apartments | $7,750 | $7,750 | $7,750 |
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
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Madison Village Apartments for Rent
 The cheapest available apartment rental in the Madison Village area of Cleveland, OH is a Studio unit found at 2275 Warren Rd priced from $750. The Freelander has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here are the most affordable Madison Village apartments for rent in Cleveland, OH:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
2275 Warren Rd | Studio | Studio,1BA | $750 |
The Freelander | One Bedroom Small | 1BR,1BA | $795 |
114 South | 1 Bedroom | 1BR,1BA | $795 |
Clifton Cove | One bedroom | 1BR,1BA | $800 |
AIY Lakewood Area Apartments | EH 1 BD Junior | 1BR,1BA | $825 |
Elbur Avenue | 1 Bedroom 1 Bath | 1BR,1BA | $850 |
Clarence House | 1 Bed | 1BR,1BA | $850 |
The Lake Villa | 1 bedroom | 1BR,1BA | $885 |
Skyview Manor | 1 Bedroom | 1BR,1BA | $895 |
Windsor's Lakewood Properties | 1 Bedroom 1 Bath | 1BR,1BA | $950 |
Best Value Apartments for Rent in Madison Village, OH
As of May 30, 2025 the best value apartment in the Madison Village area is the $1.09 price per square foot 2 Bedroom 1 Bathroom Model at Windsor's Lakewood Properties in the in the Downtown Lakewood neighborhood starting from $1,250. The second greatest value Madison Village apartment is the 1322 Beach Ave Model at 1322 Beach Ave, Unit Downstairs starting at $1,250 with a $1.14 price per square foot in the Highland House 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. |
---|---|---|---|
Windsor's Lakewood Properties | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.09 |
1322 Beach Ave, Unit Downstairs | 1322 Beach Ave | 2BR,1BA | $1.14 |
12962 Clifton Blvd | 2 Bed, 1 Bath | 2BR,1BA | $1.36 |
11844 Cliffton Blvd | 2 Bed/1 Bath | 2BR,1BA | $1.36 |
The Lake Villa | 1 bedroom | 1BR,1BA | $1.01 |
Michael Towers | 2 Bedroom | 2BR,1BA | $1.29 |
13842 Clifton Blvd, Unit 3 | 13842 Clifton Blvd | 1BR,1BA | $1.18 |
Center North | Unit B | 1BR,1BA | $1.52 |
Virginia Apartments | North one bedroom | 1BR,1BA | $1.28 |
Clifton Cove | One bedroom | 1BR,1BA | $1.30 |
Quick 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 neighborhoods in Lakewood, OH 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 Cheapest Studio apartment in Madison Village?
Currently the most affordable Cheap Studio Apartment in Madison Village is at 2275 Warren Rd listed at $750.
How much is rent for a Cheap One Bedroom Madison Village Apartment?
The lowest price for a Cheap One Bedroom Madison Village Apartment is $795 at The Freelander.
What is the lowest price for a Cheap Two Bedroom Madison Village Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Madison Village is starting from $925 at 114 South.
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.

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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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.