Cheap Apartments for Rent in the Madison Neighborhood of Lakewood, OH from $500 (38 Rentals)

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

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

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property at 2115 Dowd Ave

$1,100

3 Bedroom Rentals

Available Now

2115 Dowd Ave

LakewoodOH44107
property at 1227 Cranford 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

1227 Cranford Ave

LakewoodOH44107

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.

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property at 2074 Clarence Ave

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

2 Bedroom, 1 Bath Home for Rent

Available Now

2074 Clarence Ave

LakewoodOH44107
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South Westerly
Studio to 2 Bedroom Apartments

South Westerly

14401 Detroit AveLakewood, OH 44107
Senior Living
  • Utilities Included
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Clifton Cove
1 Bedroom Apartments

Clifton Cove

12511 Clifton BlvdLakewood, OH 44107
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Clarence House
Studio to 2 Bedroom Apartments

Clarence House

1380-1384 Clarence AveLakewood, OH 44107
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15121 Clifton Blvd
1 to 2 Bedroom Apartments

15121 Clifton Blvd

15121 Clifton BlvdLakewood, OH 44107

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Grace Apartments
1 Bedroom Apartments

Grace Apartments

1414 Grace 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
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13322 Madison Ave
1 Bedroom Apartments

13322 Madison Ave

13322 Madison AveLakewood, OH 44107
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Delta Lakewood
1 to 2 Bedroom Apartments

Delta Lakewood

14555 Madison AveLakewood, OH 44107
  • Utilities Included

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 1-38, 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 Lakewood Premier Apartments priced from $855. Edgecliff Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here are the most affordable Madison apartments for rent in Cleveland, OH:

Apartment ListingModel NameBed/BathPriced From
Lakewood Premier Apartments13386 Madison #6 and#51BR,1BA$855
Edgecliff Apartments1BR1BR,1BA$875
Clifton Towers1 Bedroom 1 Bath1BR,1BA$915
Elbur Avenue2 Bedroom 1 Bath2BR,1BA$995
Parkway Arms Apartment2 bed / 1 bath2BR,1BA$1,025
Shady Cove Apartments2 Bed / 1 Bath MR2BR,1BA$1,375
The Lewis2 Bedroom, 1 Bath2BR,1BA$1,400
Arbor Apartments2 Bedroom2BR,1BA$1,500

Best Value Apartments for Rent in Madison, OH

As of August 14, 2026 the best value apartment in the Madison area is the $1.20 price per square foot 15909 Clifton Blvd Model at 15909 Clifton Blvd, Unit #2 in the in the Downtown Lakewood neighborhood starting from $1,800. The second greatest value Madison apartment is the 1505 Wagar Ave Model at 1505 Wagar Ave, Unit Lower starting at $1,695 with a $1.31 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.
15909 Clifton Blvd, Unit #215909 Clifton Blvd3BR,1BA$1.20
1505 Wagar Ave, Unit Lower1505 Wagar Ave2BR,1BA$1.31
Arbor Apartments2 Bedroom2BR,1BA$1.36
14122 Detroit Ave, Unit Sherlou #314122 Detroit Ave2BR,1BA$0.91
Lakewood Premier Apartments15107-21BR,1BA$1.22
Shady Cove Apartments2 Bed / 1 Bath HT2BR,1BA$1.56
The Lewis2 Bedroom, 1 Bath2BR,1BA$1.65
Parkway Arms Apartment2 bed / 1 bath2BR,1BA$1.32
Elbur Avenue2 Bedroom 1 Bath2BR,1BA$1.62
Edgecliff Apartments1BR1BR,1BA$1.75

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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Pet Friendly Lifestyle
Madison, Lakewood, OH

Ranked #6

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 $855 at Lakewood Premier 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 $995 at Elbur Avenue.

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.

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