Cheap Apartments for Rent in the Madison Neighborhood of Lakewood, OH from $500 (46 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Madison area of Lakewood.

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.

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property at 12700 Lake Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

Studio, 1 Bath Condo for Rent

Available Jul 6

12700 Lake Ave, Unit 811

12700 Lake Ave
LakewoodOH44107

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.

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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.

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South Westerly
Studio to 2 Bedroom Apartments

South Westerly

14401 Detroit AveLakewood, OH 44107
Senior Living
  • Utilities Included

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.

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Clifton Cove
1 Bedroom Apartments

Clifton Cove

12511 Clifton BlvdLakewood, OH 44107
  • Utilities Included
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Grace Apartments
1 Bedroom Apartments

Grace Apartments

1414 Grace AveLakewood, OH 44107
  • Utilities Included
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15121 Clifton Blvd
1 to 2 Bedroom Apartments

15121 Clifton Blvd

15121 Clifton BlvdLakewood, OH 44107
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Delta Lakewood
1 to 2 Bedroom Apartments

Delta Lakewood

14555 Madison AveLakewood, OH 44107
  • Utilities Included
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2275 Warren Rd
Studio to 2 Bedroom Apartments

2275 Warren Rd

2275 Warren RdLakewood, OH 44107
  • Utilities Included
property at 1235 Donald Ave

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

2 Bedroom, 1 Bath Home for Rent

Available Now

1235 Donald Ave, Unit Upper North

1235 Donald Ave
LakewoodOH44107

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Riverside Manor
1 Bedroom Apartments

Riverside Manor

3223-3235 Rocky River DrCleveland, OH 44111
  • Utilities Included
Showing Results 1-46, Page 1 of 1

Madison, Lakewood, OH Local Guide

Cheapest Available Madison Apartments for Rent

 

The cheapest available apartment rental in the Madison area of Cleveland, OH is a 1 Bed unit found at Edgecliff Apartments priced from $850. Clarence House has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Madison apartments for rent in Cleveland, OH:

Apartment ListingModel NameBed/BathPriced From
Edgecliff Apartments1BR1BR,1BA$850
Clarence House1 Bed1BR,1BA$850
Lakewood Premier Apartments13386 Madison #6 and#51BR,1BA$855
Clifton Towers1 Bedroom 1 Bath1BR,1BA$915
Parkway Arms Apartment2 bed / 1 bath2BR,1BA$1,025
13322 Madison Ave1 Bed 1 Bath1BR,1BA$1,050
The Lewis2 Bedroom, 1 Bath2BR,1BA$1,400
Arbor Apartments2 Bedroom2BR,1BA$1,500

Best Value Apartments for Rent in Madison, OH

As of June 14, 2026 the best value apartment in the Madison area is the $1.45 price per square foot 1245 Cranford Ave Model at 1245 Cranford Ave, Unit 1245 in the in the Downtown Lakewood neighborhood starting from $1,600. The second greatest value Madison apartment is the 2 Bedroom Model at Arbor Apartments starting at $1,500 with a $1.36 price per square foot in the Downtown Lakewood neighborhood. Here is today’s list of the best values for Madison apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1245 Cranford Ave, Unit 12451245 Cranford Ave2BR,1BA$1.45
Arbor Apartments2 Bedroom2BR,1BA$1.36
The Lewis2 Bedroom, 1 Bath2BR,1BA$1.65
Lakewood Premier Apartments13386 Madison #6 and#51BR,1BA$1.07
Parkway Arms Apartment2 bed / 1 bath2BR,1BA$1.32
13322 Madison Ave1 Bed 1 Bath1BR,1BA$1.50
1247 Donald Ave, Unit 31247 Donald Ave1BR,1BA$1.46
Clifton Towers1 Bedroom 1 Bath1BR,1BA$1.53
Clarence House1 Bed1BR,1BA$1.65
Edgecliff Apartments1BR1BR,1BA$1.70

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.

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Real 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.

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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.

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Pet Friendly Lifestyle
Madison, Lakewood, OH

Ranked #7

Among cities in Ohio for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Madison, Lakewood, OH

School data provided by Great Schools

Frequently Asked Questions about Cheap Madison Apartments

How much is rent for a Cheap One Bedroom Madison Apartment?

The lowest price for a Cheap One Bedroom Madison Apartment is $850 at Edgecliff Apartments.

What is the lowest price for a Cheap Two Bedroom Madison Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Madison is starting from $950 at Clarence House.

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

decorative image for A Cleveland Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.

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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 .

decorative image for Your Official Guide to the Top Neighborhoods to Rent Near Major Employers in Cleveland article

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.

decorative image for Cleveland Rocks: Your Essential Guide to the Lands Neighborhoods and Culture article

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.