Cheap Apartments for Rent near Madison, AR from $644 (51 Rentals)

How Many Bedrooms?Done
Price OptionsDone
Price Range
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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.

Read Article

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.

Read Article
close
View Me
Indian Hills
1 to 3 Bedroom Apartments

Indian Hills

1731 Indian Hills RdForrest City, AR 72335
  • Utilities Included

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.

Read Article
close
View Me
Annex Lofts
1 to 2 Bedroom Apartments

Annex Lofts

345 S Front StMemphis, TN 38103

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.

Read Article
close
View Me
Chapel Place Homes
3 to 4 Bedroom Apartments

Chapel Place Homes

5228 Whistling Duck DrMemphis, TN 38109

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.

Read Article
Showing Results 1-50, Page 1 of 2

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. Wesley Forest in the South Memphis neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Vantage Point Apartments - Carriage HousePark View2BR, 2BA$650
Wesley Forest1x1Wesley Forest1BR, 1BA$700
New FrontierStudioStudio, 1BA$725
Weaver Fields ApartmentsOne1BR, 1BA$725
Riverbend Apartments1x11BR, 1BA$750
Greenways at MarionThe Mulligan (Classic)1BR, 1BA$790
Meadows West Memphis1 bedroom/1 bath1BR, 1BA$800
Barton Court Apartments2 Bed2BR, 1BA$800
Chapel Ridge Apartments1X1 Mkt1BR, 1BA$813
Bent Creek Apartments2 Bedroom2BR, 1BA$850

Best Value Apartments for Rent in Madison, AR and Nearby

As of September 17, 2026 the best value apartment in the Madison area is the $1.11 price per square foot 2 Bedroom, 2 Bathroom Model at Weatherstone Apartments in the DeSoto County neighborhood starting from $1,310. The second greatest value Madison apartment is the PAL-A9 Model at Printer's Alley Lofts in the Downtown Memphis neighborhood starting at $1,090 with a $1.02 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.
Weatherstone Apartments2 Bedroom, 2 Bathroom2BR, 2BA$1.11
Printer's Alley LoftsPAL-A91BR, 1BA$1.02
Barton Court Apartments2 Bed2BR, 1BA$0.76
South Main Artspace Lofts1 Bedroom1BR, 1BA$1.02
New Frontier2 Bedroom2BR, 1BA$1.06
Bent Creek Apartments2 Bedroom2BR, 1BA$0.94
Vantage Point Apartments - Carriage HouseVantage Point2BR, 2BA$1.00
Weaver Fields ApartmentsOne1BR, 1BA$0.94
Riverbend Apartments1x11BR, 1BA$1.07
Wesley Forest1x1Wesley Forest1BR, 1BA$1.06

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.

Read Article
Decorative image

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.

Read Article

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Explore Madison, AR Rentals by Map

Decorative image of map

See the most popular apartments and homes in Madison, AR

View Map
Madison, AR Apartments Map
View Map
Madison, AR Rental Homes Map

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 New Frontier listed at $725.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for How Commercial-to-Residential Property Conversions Help the Housing Crisis article

How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

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.

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

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.