
Cheap Homes for Rent in the Madison Village Neighborhood of Lakewood, OH from $875 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Madison Village area of Lakewood.


11820 Edgewater Dr

1496 W 117th St

11720 Edgewater Dr, Unit #711

1496 W 117th St
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

3235 W 121st St

11939 Triskett Rd, Unit Up

1623 Hopkins Ave

11850 Edgewater Dr, Unit 723

1284 Cove Ave, Unit 84-08
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.
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 | $1,430 | $1,050 | $1,800 |
| Madison Village 3 Bedroom Homes for Rent | $1,748 | $1,525 | $1,995 |
| Madison Village 5 Bedroom Homes for Rent | $2,995 | $2,995 | $2,995 |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 1 mile radius of the Madison Village Neighborhood of Lakewood, OH.
Explore 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 1 Bed unit found at 114 South priced from $795. 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 |
|---|---|---|---|
| 114 South | 1 Bedroom | 1BR,1BA | $795 |
| West Shore Manor | 1 Bedroom Large | 1BR,1BA | $885 |
| Elbur Avenue | 1 Bedroom 1 Bath | 1BR,1BA | $895 |
Best Value Apartments for Rent in Madison Village, OH
As of August 23, 2026 the best value apartment in the Madison Village area is the $1.07 price per square foot 2035 Richland Ave Model at 2035 Richland Ave, Unit 2035 in the in the Downtown Lakewood neighborhood starting from $1,600. The second greatest value Madison Village apartment is the Unit 3 Model at 11427 Clifton Blvd starting at $1,700 with a $1.17 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. |
|---|---|---|---|
| 2035 Richland Ave, Unit 2035 | 2035 Richland Ave | 3BR,1BA | $1.07 |
| 11427 Clifton Blvd | Unit 3 | 2BR,1BA | $1.17 |
| 11844 Cliffton Blvd | 2 Bed/1 Bath | 2BR,1BA | $1.25 |
| 14122 Detroit Ave, Unit Sherlou #3 | 14122 Detroit Ave | 2BR,1BA | $0.91 |
| Arbor Apartments | 2 Bedroom | 2BR,1BA | $1.36 |
| The Lake Villa | 2 BR | 2BR,1BA | $1.36 |
| Virginia Apartments | NOT AVAILABLE - North two bedroom | 2BR,1BA | $1.39 |
| Shady Cove Apartments | 2 Bed / 1 Bath HT | 2BR,1BA | $1.56 |
| Parkway Arms Apartment | 1 Bed / 1 Bath | 1BR,1BA | $1.36 |
| Grace Apartments | 1 Bedroom | 1BR,1BA | $1.47 |
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 #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
Frequently Asked Questions about Madison Village
What type of rentals are currently available in Madison Village?
There are currently 211 Apartments for Rent in Madison Village, OH with pricing that ranges from $625 to $5,123. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison Village ranging from $875 to $2,995.
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 $2,995 with an average monthly rent of $1,483.
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

Lake Views, Victorian Streets, and Short-Term Leases: Clevelands Best Neighborhoods for Short Term Rentals
Written by: Sandy Baker
Maybe you're in town for a work engagement, or you have a six-month contract downtown and want to live closer. Cleveland short-term rentals work well.

From Finding an Apartment to Getting Around: Your Cleveland Expert Moving Guide
Written by: Sandy Baker
I'm Sandy, your ApartmentHomeLiving.com local expert for Cleveland. I'm a born-and-raised Clevelander, and I know the difference in all of the city's numerous neighborhoods and suburban hotspots.

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.

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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.