
Cheap Homes for Rent near Madison, AR from $745 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Madison.


637 Leacrest Ave

673 W Raines Rd

613 S 20th St

3577 Weaver Rd

1008 Walk Rd
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3740 Parrot Cove

4465 Rose Heather St

4939 Manson Rd

1270 Chickamauga Ave

1146 Fields Rd

4360 Bluebell St
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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.

3608 Hicky St

3501 Hicky St

3544 Hicky St

938 Bramblewood Ln

721 Western Park Dr

1358 Longcrest Rd
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.
Madison, AR 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 | $745 | $745 | $745 |
| Madison 3 Bedroom Homes for Rent | $1,200 | $920 | $1,695 |
| Madison 4 Bedroom Homes for Rent | $1,534 | $1,025 | $2,200 |
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Madison, AR Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Vantage Point Apartments - Carriage House | Park View | 2BR,2BA | $650 |
| Wesley Forest | 1x1Wesley Forest | 1BR,1BA | $700 |
| New Frontier | Studio | Studio,1BA | $725 |
| Weaver Fields Apartments | One | 1BR,1BA | $725 |
| Riverbend Apartments | 1x1 | 1BR,1BA | $750 |
Best Value Apartments for Rent in Madison, AR and Nearby
As of September 08, 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 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 starting at $1,090 with a $1.02 price per square foot in the Downtown Memphis 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. |
|---|---|---|---|
| Weatherstone Apartments | 2 Bedroom, 2 Bathroom | 2BR,2BA | $1.11 |
| Printer's Alley Lofts | PAL-A9 | 1BR,1BA | $1.02 |
| Barton Court Apartments | 2 Bed | 2BR,1BA | $0.76 |
| South Main Artspace Lofts | 1 Bedroom | 1BR,1BA | $1.02 |
| New Frontier | 2 Bedroom | 2BR,1BA | $1.06 |
| Bent Creek Apartments | 2 Bedroom | 2BR,1BA | $0.94 |
| Vantage Point Apartments - Carriage House | Vantage Point | 2BR,2BA | $1.00 |
| Weaver Fields Apartments | One | 1BR,1BA | $0.94 |
| Riverbend Apartments | 1x1 | 1BR,1BA | $1.07 |
| Wesley Forest | 1x1Wesley Forest | 1BR,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 ArticleNavigating 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 ArticleReal 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 ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Madison, AR Rentals by Map
See the most popular apartments and homes in Madison, AR
Frequently Asked Questions about Madison
What type of rentals are currently available in Madison?
There are currently 45 Apartments for Rent in Madison, AR with pricing that ranges from $644 to $4,958. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $745 to $2,200.
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 $745 to $2,200 with an average monthly rent of $1,255.
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 $644 to $2,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $920 to $1,695. Four Bedroom Single-Family rentals are also available starting from $1,025 and Four Bedroom Apartments start at $725.
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

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.

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.

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.

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.