Cheap Homes for Rent in Madison, AL from $850 (11 Rentals)

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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.

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.

Madison, AL Local Guide

Cheapest Neighborhoods for Apartments in Madison, AL

Pricing Updated: 08/21/2026

Current apartment rentals in the Madison, AL area range in price from $875 to $2,695 with an overall median price of $1,495. Here is today’s list neighborhoods with the lowest median pricing for Madison Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
N Outer Madison Airport$1,487$899398
Triana$1,629$87523

Cheapest Available Madison Apartments for Rent

 

The cheapest available apartment rental in Madison, AL is a 1 Bed unit found at The Collier at Clift Farm in the N Outer Madison Airport neighborhood priced from $235. Cottages at Indian Creek in the N Outer Madison Airport neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $785. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Collier at Clift FarmA11BR,1BA$235
Cottages at Indian Creek1x1 L1BR,1BA$785
Hawthorne at the RidgeBrindley1BR,1BA$789
Vetra at Research ParkVetra Research Park StudioStudio,1BA$799
Shelton Park ApartmentsSTU-MStudio,1BA$829

Best Value Apartments for Rent in Madison, AL

As of August 21, 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 Mor2 DLX2BR,2BA$0.92
Ashbury Woods2 Bedroom Craftsman2BR,2BA$0.98
Magnolia Pointe at MadisonEscape - Classic2BR,1BA$1.00
Hawthorne at the RidgeCapshaw2BR,2BA$1.03
Lakeshore Crossing ApartmentsTwo Bedroom2BR,2BA$0.96
Elements of Madison ApartmentsB1A - Renovated2BR,1BA$1.04
137 Angela Dr, Unit B137 Angela Dr2BR,2BA$0.94
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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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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Madison, AL
Population: 50,440

Ranked #773

in US Census Population by City

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

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Frequently Asked Questions about Madison

What type of rentals are currently available in Madison?

There are currently 109 Apartments for Rent in Madison, AL with pricing that ranges from $789 to $9,443. There are also 212 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $850 to $4,000.

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 $850 to $4,000 with an average monthly rent of $2,061.

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 $1,066 to $9,443, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,295 to $3,200. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $1,449.

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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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.

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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.