Cheap Apartments for Rent in Madison, AL from $799 (103 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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Revere at River Landing
Rent Specials
$1,019 - $1,589

Total Monthly Price

Base Rent$1,019 - $1,589
Total Monthly Price$1,019 - $1,589
1 to 3 Bedroom Apartments Available Now

Revere at River Landing

30 E Revere BlvdMadison, AL 35756
Affordability
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  • Customer Reviewed
  • 3D Tour

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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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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140 on Royal
Rent Specials
$1,100 - $1,300

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
Eco-Friendly
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  • Customer Reviewed
  • Utilities Included

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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The Gabriel
Rent Specials
$1,275 - $1,885

Total Monthly Price

Base Rent$1,275 - $1,885
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

The Gabriel

1542 Balch RdMadison, AL 35757
Affordability
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property at 101 Bridle Trace Ln
$1,450

Total Monthly Price

Base Rent$1,450
Total Monthly Price$1,450
2 Bedroom, 2 Bath Condo for Rent
Available Now
Affordability

101 Bridle Trace Ln, Unit 101

101 Bridle Trace Ln
MadisonAL35758
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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: 09/12/2026

Current apartment rentals in the Madison, AL area range in price from $500 to $3,950 with an overall median price of $1,946. Here is today’s list neighborhoods with the lowest median pricing for Madison Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
N Outer Madison Airport$1,945$50045
Triana$1,950$1,59514

Cheapest Available Madison Apartments for Rent

 

The cheapest available apartment rental in Madison, AL is a 1 Bed unit found at Cottages at Indian Creek in the N Outer Madison Airport neighborhood priced from $785. Vetra at Research Park in the University Research Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cottages at Indian Creek1x1 L1BR,1BA$785
Vetra at Research ParkVetra Research Park StudioStudio,1BA$799
Limestone Creek Apartment HomesOne Bedroom1BR,1BA$844
The Landing at EdgewaterSmall1BR,1BA$850
Madison Landing at Research Park and the CottagesParker at the Cottages1BR,1BA$858
Abby Glenn - Apartments & Corporate SuitesAbby Supreme1BR,1BA$859
Somerset at MadisonStudio Premier Terrace1BR,1BA$860
Windscape HomesArubaStudio,1BA$875
Charleston Oaks ApartmentsCherry Blossom1BR,1BA$885
The AlexandriaA11BR,1BA$895

Best Value Apartments for Rent in Madison, AL

As of September 12, 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 at 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 at Madison FarmsAnson3BR,2.5BA$0.99
Belle Mor3 BDR3BR,2BA$0.89
Grand Reserve at Madison3X2-R3BR,2BA$0.99
Central Park13803BR,2.5BA$0.97
Lakeshore Crossing ApartmentsThree Bedroom3BR,2BA$0.95
Ashbury Woods2 Bedroom Craftsman2BR,2BA$1.00
Magnolia Pointe at MadisonEscape - Classic2BR,1BA$1.00
Bridge Pointe ApartmentsPine2BR,2BA$1.04
Cottages at Indian Creek1x1 L1BR,1BA$0.90

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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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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 Vetra at Research Park listed at $799.

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

The lowest price for a Cheap One Bedroom Madison Apartment is $785 at Cottages at Indian Creek.

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 $885 at Cottages at Indian Creek.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at MAA Edgewater and starts from $1,093.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.