Cheap Apartments for Rent in Madison, AL from $600 (99 Rentals)

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

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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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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Revere at River Landing
Rent Specials
$1,019 - $1,619
Total Monthly Price

Total Monthly Price

Base Rent
$1,019 - $1,619
Total Monthly Price
$1,019 - $1,619
1 to 3 Bedroom Apartments Available Now

Revere at River Landing

30 E Revere BlvdMadison, AL 35756
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140 on Royal
$1,100 - $1,300
Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $1,300
Total Monthly Price
$1,100 - $1,300
2 to 3 Bedroom Apartments Available Now

140 on Royal

140 Royal DrMadison, AL 35758
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  • 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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The Gabriel
Rent Specials
$1,275 - $1,920
Total Monthly Price

Total Monthly Price

Base Rent
$1,275 - $1,920
Total Monthly Price
$1,275 - $1,920
1 to 3 Bedroom Apartments Available Now

The Gabriel

1542 Balch RdMadison, AL 35757
Affordability
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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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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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Madison, AL Local Guide

Cheapest Neighborhoods for Apartments in Madison, AL

Pricing Updated: 07/29/2026

Current apartment rentals in the Madison, AL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Madison Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Triana$1,889$1,06925
N Outer Madison Airport$2,670$899398

Cheapest Available Madison Apartments for Rent

 

The cheapest available apartment rental in Madison, AL is a 1 Bed unit found at The Landing at Edgewater in the Outer Redstone Arsenal neighborhood priced from $850. Bridge Pointe Apartments in the Madison neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $876. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Landing at EdgewaterSmall1BR,1BA$850
Bridge Pointe ApartmentsCedar1BR,1BA$876
Ashbury Woods1 Bedroom Executive1BR,1BA$879
Windscape HomesCozumel1BR,1BA$899
Highland PointeOne Bedroom1BR,1BA$899
Belmont Hill Apartments1BR1B- RenBelmont Hill Apartments1BR,1BA$899
Charleston Oaks ApartmentsCherry Blossom1BR,1BA$910
Somerset at MadisonStudio Premier Terrace1BR,1BA$923
Madison Landing at Research Park and the CottagesParker at the Cottages1BR,1BA$925

Best Value Apartments for Rent in Madison, AL

As of July 29, 2026 the best value apartment in the Madison area is the $0.99 price per square foot The Oasis Model at Solstice Apartments in the in the N Outer Madison Airport neighborhood starting from $1,875. The second greatest value Madison apartment is the Anson Model at The Collection Madison Farms starting at $1,820 with a $0.99 price per square foot . 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.
Solstice ApartmentsThe Oasis3BR,2BA$0.99
The Collection Madison FarmsAnson3BR,2.5BA$0.99
Lakeshore Crossing ApartmentsThree Bedroom3BR,2BA$0.95
Belle Mor Luxury Apartments1 Deluxe1BR,1BA$0.99
Limestone Creek Apartment HomesTwo Bedroom2BR,2BA$1.02
Magnolia Pointe at MadisonEscape - Classic2BR,1BA$0.88
Vetra at Research ParkVetra Research Park Two Bedroom2BR,1BA$0.98
Hawthorne at the RidgeCapshaw2BR,2BA$1.04
137 Angela Dr, Unit B137 Angela Dr2BR,1BA$0.97
Ashbury Woods1 Bedroom Executive1BR,1BA$0.95

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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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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Madison, AL
Population: 50,440

Ranked #773

in US Census Population by City

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Best Local Schools in
Madison, AL

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Madison, AL Rentals by Map

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See the most popular apartments and homes in Madison, AL

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Frequently Asked Questions about Cheap Madison Apartments

What is the Cheapest Studio apartment in Madison?

Currently the most affordable Cheap Studio Apartment in Madison is at Shelton Park Apartments listed at $933.

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

The lowest price for a Cheap One Bedroom Madison Apartment is $850 at The Landing at Edgewater.

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 $944 at Magnolia Pointe at Madison.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at Bridge Pointe Apartments and starts from $1,139.

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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.