
Cheap Homes for Rent in Madison, AL from $700 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Madison.


102 Jodi Dr

124 Waters Edge Ln

103 Jodi Dr

1404 Liberty Dr
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.

127 Westscott Dr

348 Oakland Rd

101 Westscott Dr

212 Waters Edge Ln

111 Bentworth Ln
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

262 Waters Edge Ln

188 Waters Edge Ln
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

1201 Liberty Dr

244 Waters Edge Ln

371 Shelton Rd
Madison, AL Local Guide

How much does it cost to rent a home in Madison?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Madison 2 Bedroom Homes for Rent | $1,465 | $995 | $2,300 |
Madison 3 Bedroom Homes for Rent | $1,899 | $1,200 | $3,200 |
Madison 4 Bedroom Homes for Rent | $2,265 | $1,495 | $3,500 |
Madison 5 Bedroom Homes for Rent | $2,755 | $2,100 | $3,600 |
Madison 6 Bedroom Homes for Rent | $2,425 | $2,425 | $2,425 |
Browse Top Homes for Rent in Madison
Explore Madison
Madison, AL Local Guide
- Madison Neighborhoods
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Cheapest Neighborhoods for Apartments in Madison, AL
Pricing Updated: 07/30/2025Current 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:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Triana | $1,784 | $875 | 13 |
N Outer Madison Airport | $2,595 | $849 | 221 |
Cheapest Available Madison Apartments for Rent
 The cheapest available apartment rental in Madison, AL is a Studio unit found at The Reserve at Research Park in the University Research Park neighborhood priced from $800. The Alexandria in the N Outer Madison Airport neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $810. Here is today’s list of the most affordable Madison apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Reserve at Research Park | Reserve Studio | Studio,1BA | $800 |
The Alexandria | A4 | 1BR,1BA | $810 |
Highland Pointe | Studio | Studio,1BA | $849 |
Madison Station Apartment Homes | 1 BR / 1 BA | 1BR,1BA | $850 |
Main Street Apartments | One Bedroom | 1BR,1BA | $870 |
Best Value Apartments for Rent in Madison, AL
As of July 30, 2025 the best value apartment in the Madison area is the $0.95 price per square foot 2 Study Model at Belle Mor Luxury Apartments in the in the N Outer Madison Airport neighborhood starting from $1,549. The second greatest value Madison apartment is the 3x2 Model at 140 on Royal starting at $1,300 with a $1.09 price per square foot in the S Outer Madison Airport neighborhood. Here is today’s list of the best values for Madison apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Belle Mor Luxury Apartments | 2 Study | 2BR,2BA | $0.95 |
140 on Royal | 3x2 | 3BR,2BA | $1.09 |
Eagle's Landing Apartments | 2 Bedroom Garden | 2BR,2BA | $1.06 |
Ashbury Woods | 2 Bedroom Craftsman | 2BR,2BA | $1.00 |
The Landing at Edgewater | 2-bedroom/2-bath Renovated w/flex space | 2BR,2BA | $1.10 |
MAA Edgewater | 22A | 2BR,2BA | $0.97 |
Madison Heights | 2 Bedroom Special | 2BR,1BA | $1.05 |
202 Zierdt Rd, Unit A | 202 Zierdt Rd | 3BR,1BA | $1.09 |
The Alexandria | A2 | 1BR,1BA | $1.09 |
Main Street Apartments | One Bedroom | 1BR,1BA | $1.10 |
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.
Frequently Asked Questions about Madison
What type of rentals are currently available in Madison?
There are currently 111 Apartments for Rent in Madison, AL with pricing that ranges from $795 to $7,440. There are also 250 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $775 to $3,600.
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 $775 to $3,600 with an average monthly rent of $2,003.
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 $875 to $7,440, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $3,200. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $1,431.
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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.