
Cheap Homes for Rent in Madison Village Neighborhood of Lakewood, OH from $800 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Madison Village area of Lakewood.


11935 Triskett Rd, Unit Down Rear

11820 Edgewater Dr, Unit 323, Unit 323
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.

3218 W 112th St, Unit Front

12700 Lake Ave, Unit 811, Unit 811

1235 Donald Ave
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.

1235 Donald Ave, Unit Upper North, Unit Upper North
Madison Village, Lakewood, OH Local Guide

How much does it cost to rent a home in Madison Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison Village 2 Bedroom Homes for Rent | $1,862 | $1,350 | $2,500 |
| Madison Village 3 Bedroom Homes for Rent | $1,741 | $1,550 | $1,950 |
| Madison Village 4 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
| Madison Village 5 Bedroom Homes for Rent | $1,750 | $1,750 | $1,750 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 1 mile radius of the Madison Village Neighborhood of Lakewood, OH.
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Madison Village, Lakewood, OH Local Guide
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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 |
Best Value Apartments for Rent in Madison Village, OH
As of May 24, 2026 the best value apartment in the Madison Village area is the $1.29 price per square foot 2085 Chesterland Ave Model at 2085 Chesterland Ave in the in the Downtown Lakewood neighborhood starting from $1,675. The second greatest value Madison Village apartment is the 2 BR Model at The Lake Villa starting at $1,500 with a $1.36 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. |
|---|---|---|---|
| 2085 Chesterland Ave | 2085 Chesterland Ave | 3BR,1BA | $1.29 |
| The Lake Villa | 2 BR | 2BR,1BA | $1.36 |
| Arbor Apartments | 2 Bedroom | 2BR,1BA | $1.36 |
| 1646 Waterbury Rd, Unit 1646 Waterbury Rd | 1646 Waterbury Rd | 2BR,1BA | $1.40 |
| 2041 Elbur Ave, Unit 2041 Elbur First Floor | 2041 Elbur Ave | 2BR,1BA | $1.38 |
| Virginia Apartments | North two bedroom | 2BR,1BA | $1.39 |
| West Shore Manor | 1 Bedroom Large | 1BR,1BA | $1.10 |
| 2275 Warren Rd | 2 Bed/1 Bath | 2BR,1BA | $1.31 |
| Parkway Arms Apartment | 2 bed / 1 bath | 2BR,1BA | $1.32 |
| 2099 Lark St, Unit #4 | 2099 Lark St | 1BR,1BA | $1.33 |
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
Frequently Asked Questions about Madison Village
What type of rentals are currently available in Madison Village?
There are currently 206 Apartments for Rent in Madison Village, OH with pricing that ranges from $795 to $7,784. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison Village ranging from $875 to $2,500.
What is the current price range for Rental Homes in Madison Village?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Madison Village ranges from $875 to $2,500 with an average monthly rent of $1,767.
How much are larger Three and Four Bedroom Rentals in Madison Village?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Madison Village range from $1,675 to $2,179, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,550 to $1,950. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $1,800.
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
Written by: Sandy Baker
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.