Cheap Homes for Rent in Madison Village Neighborhood of Lakewood, OH from $1,100 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the Madison Village area of Lakewood.

1557 Cohassett Ave

12520 Edgewater Dr
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.

12520 Edgewater Dr

2224 lewis dr

11850 Edgewater Dr

13315 Madison Ave
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.

3286 W 129th St

11820 Edgewater Dr

12900 Lake Ave, Unit 418

1626 Grace Ave
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.

2186 Wascana Ave
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 | $1,636 | $1,150 | $3,450 |
| Madison Village 3 Bedroom Homes for Rent | $1,656 | $1,300 | $2,125 |
| Madison Village 4 Bedroom Homes for Rent | $2,329 | $1,850 | $3,500 |
| Madison Village 5 Bedroom Homes for Rent | $2,300 | $2,300 | $2,300 |
Browse Homes for Rent in this Neighborhood
There are currently 16 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
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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. AIY Lakewood Area Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $840. 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 |
| AIY Lakewood Area Apartments | RI Studio | Studio,1BA | $840 |
| Elbur Avenue | 1 Bedroom 1 Bath | 1BR,1BA | $850 |
| Colonial Club Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $850 |
| Clarence House | 1 Bed | 1BR,1BA | $850 |
Best Value Apartments for Rent in Madison Village, OH
As of November 16, 2025 the best value apartment in the Madison Village area is the $1.02 price per square foot 11509 Lake Ave Model at 11509 Lake Ave, Unit Up in the in the Highland House neighborhood starting from $1,700. The second greatest value Madison Village apartment is the 1302 W 116th St Model at 1302 W 116th St, Unit 2nd Fl starting at $1,795 with a $1.20 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. |
|---|---|---|---|
| 11509 Lake Ave, Unit Up | 11509 Lake Ave | 3BR,1BA | $1.02 |
| 1302 W 116th St, Unit 2nd Fl | 1302 W 116th St | 3BR,2BA | $1.20 |
| 1286 Beach Ave | Main | 3BR,1BA | $1.21 |
| 11844 Cliffton Blvd | 1 Bed/1 Bath | 1BR,1BA | $1.00 |
| 1498 Winchester Ave, Unit 4 | 1498 Winchester Ave | 2BR,1BA | $1.25 |
| The Lake Villa | 1 bedroom | 1BR,1BA | $1.31 |
| Michael Towers | 2 Bedroom | 2BR,1BA | $1.29 |
| West Shore Manor | 1 Bedroom Large | 1BR,1BA | $1.10 |
| Virginia Apartments | North one bedroom | 1BR,1BA | $1.28 |
| Grace Apartments | 1 Bedroom | 1BR,1BA | $1.31 |
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
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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 212 Apartments for Rent in Madison Village, OH with pricing that ranges from $725 to $3,632. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison Village ranging from $1,150 to $3,500.
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 $1,150 to $3,500 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 $1,700 to $3,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $2,125. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $1,600.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.




