
Cheap Apartments for Rent in the Madison Village Neighborhood of Lakewood, OH from $500 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in the Madison Village area of Lakewood.


11820 Edgewater Dr

Skyview Manor

Elbur Avenue

11720 Edgewater Dr, Unit 510

Clifton Towers

Waterbury Apartments

Parkway Arms Apartment
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.

1212 Donald Ave

Colonial Club Apartments

1459 Ridgewood Ave

2036 Lark St

Shoreham Apartments

Total Monthly Price
13823 Clifton Blvd, Unit 3

Glen Cove Apartments

South Westerly
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.

West Shore Manor

Clifton Blvd. Apartments

Belvidere Apartments & Newton Apartments

Windsor's Lakewood Properties

Clifton Cove

Clarence Plaza Apartments

Edgewater Apartment Complex

AIY Lakewood Area Apartments
Cash 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.

15121 Clifton Blvd

Edgewater Cove

Shorehouse Apartments

Grace Apartments

Delta Lakewood

Mayview Pointe

The Drake Apartments

The Franklin 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.

114 South

Kirby Manor Senior Property

1381 W 116th St
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 | $1,103 | $999 | $1,155 |
| Madison Village 1 Bedroom Apartments | $1,164 | $850 | $2,225 |
| Madison Village 2 Bedroom Apartments | $1,289 | $925 | $2,150 |
| Madison Village 3 Bedroom Apartments | $2,033 | $1,700 | $2,255 |
| Madison Village 4 Bedroom Apartments | $7,217 | $7,217 | $7,217 |
Browse Apartments in this Neighborhood
There are currently 35 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
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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 Clarence House priced from $850. West Shore Manor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $885. Here are the most affordable Madison Village apartments for rent in Cleveland, OH:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Clarence House | 1 Bed | 1BR,1BA | $850 |
| West Shore Manor | 1 Bedroom Large | 1BR,1BA | $885 |
| Skyview Manor | 1 Bedroom | 1BR,1BA | $895 |
| Clifton Towers | 1 Bedroom 1 Bath | 1BR,1BA | $915 |
| Elbur Avenue | 2 Bedroom 1 Bath | 2BR,1BA | $950 |
| Colonial Club Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $950 |
| Shoreham Apartments | 0E1 - Efficiency, 1 Bath | Studio,1BA | $999 |
| Parkway Arms Apartment | 2 bed / 1 bath | 2BR,1BA | $1,025 |
| 12204 Madison Ave | 1BR/1.0BA | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Madison Village, OH
As of June 25, 2026 the best value apartment in the Madison Village area is the $1.00 price per square foot 11824 Geraldine Ave Model at 11824 Geraldine Ave, Unit Down Unit in the in the Biddulph and Memphis neighborhood starting from $1,400. The second greatest value Madison Village apartment is the 2046 Waterbury Rd Model at 2046 Waterbury Rd, Unit 2046 waterbury rd starting at $1,600 with a $1.33 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. |
|---|---|---|---|
| 11824 Geraldine Ave, Unit Down Unit | 11824 Geraldine Ave | 2BR,1BA | $1.00 |
| 2046 Waterbury Rd, Unit 2046 waterbury rd | 2046 Waterbury Rd | 2BR,2BA | $1.33 |
| Arbor Apartments | 2 Bedroom | 2BR,1BA | $1.36 |
| The Lake Villa | 2 BR | 2BR,1BA | $1.36 |
| Virginia Apartments | North two bedroom | 2BR,1BA | $1.39 |
| Parkway Arms Apartment | 2 bed / 1 bath | 2BR,1BA | $1.32 |
| 13823 Clifton Blvd, Unit 3 | 13823 Clifton Blvd | 1BR,1BA | $1.43 |
| 13322 Madison Ave | 1 Bed 1 Bath | 1BR,1BA | $1.50 |
| Elbur Avenue | 2 Bedroom 1 Bath | 2BR,1BA | $1.54 |
| Clifton Towers | 1 Bedroom 1 Bath | 1BR,1BA | $1.53 |
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 ArticleReal 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.
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 #5
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 Clarence House which is listed at $850, while the average apartment in Madison Village costs $7,217.
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 9 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 $317 which is $6,900 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.

Cleveland Rocks: Your Essential Guide to the Lands Neighborhoods and Culture
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Cleveland is the type of city to fall in love with, even if it doesn’t look all that fabulous from the outside.
Articles, How-To's, and Tips

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.