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$9251 Bedroom Apartments Available Jul 1
2045 Waterbury Rd
2045 Waterbury RdLakewood, OH 44107
Cheap Homes for Rent in Madison Neighborhood of Lakewood, OH from $1,200 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Madison area of Lakewood.
12700 Lake Ave, Unit 811
12700 Lake Ave
LakewoodOH44107
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$1,3502 Bedroom Apartments Available Now
1655 Waterbury Rd, Unit 2nd flr
1655 Waterbury RdLakewood, OH 44107
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.
1235 Donald Ave
LakewoodOH44107
1235 Donald Ave, Unit Upper North
1235 Donald Ave
LakewoodOH44107
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$1,6001 Bedroom Apartments Available Sep 1
12700 Lake Ave
12700 Lake AveLakewood, OH 44107
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.
2186 Chesterland Ave
LakewoodOH44107
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Madison, Lakewood, OH Local Guide
How much does it cost to rent a home in Madison?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison 2 Bedroom Homes for Rent | $1,837 | $1,350 | $2,500 |
| Madison 3 Bedroom Homes for Rent | $2,100 | $2,100 | $2,100 |
| Madison 4 Bedroom Homes for Rent | $2,195 | $2,195 | $2,195 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 1 mile radius of the Madison Neighborhood of Lakewood, OH.
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Madison, Lakewood, OH Local Guide
- Nearby Lakewood neighborhoods
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Edgecliff Apartments | 1BR | 1BR,1BA | $850 |
| Clarence House | 1 Bed | 1BR,1BA | $850 |
| Lakewood Premier Apartments | 13386 Madison #6 and#5 | 1BR,1BA | $855 |
Best Value Apartments for Rent in Madison, OH
As of June 10, 2026 the best value apartment in the Madison area is the $1.27 price per square foot 2163 Atkins Avenue Model at 2163 Atkins Avenue, Unit Lower in the in the Downtown Lakewood neighborhood starting from $1,395. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2163 Atkins Avenue, Unit Lower | 2163 Atkins Avenue | 2BR,1BA | $1.27 |
| Arbor Apartments | 2 Bedroom | 2BR,1BA | $1.36 |
| 1245 Cranford Ave, Unit 1245 | 1245 Cranford Ave | 2BR,1BA | $1.45 |
| 2041 Elbur Ave, Unit 2041 Elbur First Floor | 2041 Elbur Ave | 2BR,1BA | $1.38 |
| The Lewis | 2 Bedroom, 1 Bath | 2BR,1BA | $1.65 |
| Lakewood Premier Apartments | 13386 Madison #6 and#5 | 1BR,1BA | $1.07 |
| Parkway Arms Apartment | 2 bed / 1 bath | 2BR,1BA | $1.32 |
| 13322 Madison Ave | 1 Bed 1 Bath | 1BR,1BA | $1.50 |
| Clifton Towers | 1 Bedroom 1 Bath | 1BR,1BA | $1.53 |
| 1247 Donald Ave, Unit 3 | 1247 Donald Ave | 1BR,1BA | $1.46 |
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.
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.
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Pet Friendly LifestyleMadison, Lakewood, OH
Ranked #7
Among cities in Ohio for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Madison, Lakewood, OH
School data provided by Great Schools
Frequently Asked Questions about Madison
What type of rentals are currently available in Madison?
There are currently 138 Apartments for Rent in Madison, OH with pricing that ranges from $850 to $7,347. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $1,200 to $2,500.
What is the current price range for Rental Homes in Madison?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Madison ranges from $1,200 to $2,500 with an average monthly rent of $1,833.
How much are larger Three and Four Bedroom Rentals in Madison?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Madison range from $1,700 to $2,425, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $2,100. Four Bedroom Single-Family rentals are also available starting from $2,195 and Four Bedroom Apartments start at $1,750.
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
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.
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.
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.
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.