Cheap Apartments for Rent in Madison, AR from $500 (65 Rentals)

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

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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The Landing Residences
Rent Specials
$945 - $7,234
Total Monthly Price

Total Monthly Price

Base Rent
$887 - $7,176
Required Monthly Fees
$58
Total Monthly Price
$945 - $7,234
Studio to 2 Bedroom Apartments Available Now

The Landing Residences

1 Dr Martin Luther King Jr AveMemphis, TN 38103
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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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.

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The Marine Residence
Rent Specials
$1,175 - $2,775
Total Monthly Price

Total Monthly Price

Base Rent
$1,175 - $2,775
Total Monthly Price
$1,175 - $2,775
1 to 2 Bedroom Apartments Available Now

The Marine Residence

360 Metal Museum DrMemphis, TN 38106
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included
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The Oliver Luxury Apartments
Rent Specials
$1,285 - $5,900
Total Monthly Price

Total Monthly Price

Base Rent
$1,153 - $5,768
Required Monthly Fees
$132
Total Monthly Price
$1,285 - $5,900
Studio to 3 Bedroom Apartments Available Now

The Oliver Luxury Apartments

7 Vance AveMemphis, TN 38103
Active Lifestyle
  • Verified
  • Customer Reviewed
  • 3D Tour
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Indian Hills
1 to 3 Bedroom Apartments

Indian Hills

1731 Indian Hills RdForrest City, AR 72335
  • Utilities Included
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New Frontier
Studio to 2 Bedroom Apartments

New Frontier

115 S 20th StWest Memphis, AR 72301
Student Housing
  • Utilities Included

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.

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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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Madison, AR Local Guide

Cheapest Available Madison Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madison, AR is a 2 Beds unit found at Vantage Point Apartments - Carriage House priced from $650. Meadows West Memphis in the South Memphis neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Vantage Point Apartments - Carriage HouseVantage Point2BR,2BA$650
Meadows West Memphis1 bedroom/1 bath1BR,1BA$800
Barton Court Apartments2 Bed2BR,1BA$800
Greenways at MarionThe Mulligan1BR,1BA$840
Bent Creek Apartments2 Bedroom2BR,1BA$850
Indigo at 611 Bedroom 1 Bath1BR,1BA$875
The Crossings at Tunica1x1 Classic1BR,1BA$879
Riverchase Apartments2x2 R2BR,2BA$885
The Lexington1 Bed 1 Bath Renovated1BR,1BA$897
Printer's Alley LoftsPAL-A21BR,1BA$900

Best Value Apartments for Rent in Madison, AR and Nearby

As of January 30, 2026 the best value apartment in the Madison area is the $0.85 price per square foot 4x2 Mkt Model at Chapel Ridge Apartments in the starting from $1,130. The second greatest value Madison apartment is the 2 Bed Model at Barton Court Apartments starting at $800 with a $0.76 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.
Chapel Ridge Apartments4x2 Mkt4BR,2BA$0.85
Barton Court Apartments2 Bed2BR,1BA$0.76
Gramercy East Apartments2 Bed 2 Bath Renovated2BR,2BA$1.26
North Creek Apartments2BR 2BA (1001 SF)2BR,2BA$1.15
The Trace at 1611 Bedroom1BR,1BA$1.15
Riverchase Apartments2x2L P2BR,2BA$1.04
Bent Creek Apartments2 Bedroom2BR,1BA$0.94
Weatherstone Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.15
Indigo at 61Renovated 1 Bedroom 1 Bath1BR,1BA$1.24
Meadows West Memphis1 bedroom/1 bath1BR,1BA$1.22

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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

Explore Madison, AR Rentals by Map

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See the most popular apartments and homes in Madison, AR

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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 The Landing Residences listed at $945.

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

The lowest price for a Cheap One Bedroom Madison Apartment is $650 at Vantage Point Apartments - Carriage House.

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 $650 at Vantage Point Apartments - Carriage House.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at Vantage Point Apartments - Carriage House and starts from $895.

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.