Cheap Homes for Rent in Madison Neighborhood of Lakewood, OH from $1,100 (8 Rentals)

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

property at 2224 lewis dr

2224 lewis dr

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.

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.

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 $775. 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 ApartmentsOne Bedroom1BR,1BA$775
Clarence House1 Bed1BR,1BA$850
Grace Apartments1 Bedroom1BR,1BA$850

Best Value Apartments for Rent in Madison, OH

As of November 15, 2025 the best value apartment in the Madison area is the $1.05 price per square foot 1567 Woodward Ave Model at 1567 Woodward Ave in the in the Downtown Lakewood neighborhood starting from $1,475. The second greatest value Madison apartment is the 2143 Eldred Ave Model at 2143 Eldred Ave, Unit 2 starting at $1,450 with a $1.21 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.
1567 Woodward Ave1567 Woodward Ave3BR,1BA$1.05
2143 Eldred Ave, Unit 22143 Eldred Ave3BR,1BA$1.21
2101 Waterbury Rd, Unit 21012101 Waterbury Rd2BR,1BA$1.41
Arbor Apartments2 Bed, 1 Bath2BR,1BA$1.36
1580 Clarence Ave, Unit Down1580 Clarence Ave2BR,1BA$1.53
Lakewood Premier Apartments13386 Madison2BR,1BA$1.23
Parkway Arms Apartment2 bed / 1 bath2BR,1BA$1.32
2015 Arthur Ave, Unit 72015 Arthur Ave1BR,1BA$1.17
Grace Apartments1 Bedroom1BR,1BA$1.31
Edgecliff ApartmentsOne Bedroom1BR,1BA$1.41

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The 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.

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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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Frequently Asked Questions about Madison

What type of rentals are currently available in Madison?

There are currently 139 Apartments for Rent in Madison, OH with pricing that ranges from $725 to $3,632. There are also 21 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $1,195 to $3,500.

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 $1,195 to $3,500 with an average monthly rent of $1,931.

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 $1,450 to $2,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $1,850. 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.

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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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.