Cheap Homes for Rent in Madison, AL from $800 (13 Rentals)

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

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.

property at 1110 Liberty Dr

$1,200

2 Bedroom, 2 Bath Condo for Rent

Available Now

1110 Liberty Dr

MadisonAL35758

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.

Madison, AL Local Guide

Cheapest Neighborhoods for Apartments in Madison, AL

Pricing Updated: 05/23/2026

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$2,150$1,35036
N Outer Madison Airport$3,000$85048

Cheapest Available Madison Apartments for Rent

 

The cheapest available apartment rental in Madison, AL is a Studio unit found at Highland Pointe in the N Outer Madison Airport neighborhood priced from $849. The Landing at Edgewater in the Outer Redstone Arsenal neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Highland PointeStudioStudio,1BA$849
The Landing at EdgewaterSmall1BR,1BA$850
Charleston Oaks ApartmentsApple Blossom1BR,1BA$860
Vetra at Research ParkVetra Research Park StudioStudio,1BA$861
Somerset at Madison1 Bedroom Luxury Garden1BR,1BA$869

Best Value Apartments for Rent in Madison, AL

As of May 23, 2026 the best value apartment in the Madison area is the $0.99 price per square foot Anson Model at The Collection Madison Farms in the starting from $1,820. The second greatest value Madison apartment is the Fairmont B - Fairmont B Model at Hidden River Townhomes starting at $1,874 with a $1.09 price per square foot in the Triana 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.
The Collection Madison FarmsAnson3BR,2.5BA$0.99
Hidden River TownhomesFairmont B - Fairmont B3BR,2.5BA$1.09
Belle Mor Luxury Apartments2 Study2BR,2BA$0.86
Ashbury Woods3 Bedroom Traditional3BR,2BA$1.01
Magnolia Pointe at MadisonBliss - Newly Renovated3BR,2BA$1.08
18 Watercress GreenThe Craftsman3BR,2BA$0.99
Lakeshore Crossing ApartmentsThree Bedroom3BR,2BA$0.95
140 on Royal3x23BR,2BA$1.09
Revere at River Landing2 Bedroom Craftsman Premier2BR,2BA$1.11
MAA Edgewater11B1BR,1BA$1.07

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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Quick Rent Budget Calculator

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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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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 104 Apartments for Rent in Madison, AL with pricing that ranges from $850 to $3,327. There are also 222 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 $2,142.

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 $1,145 to $3,327, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,575 and Four Bedroom Apartments start at $1,350.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.