
Cheap Homes for Rent in Madison, AR from $500 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Madison.


717 N 18th St

328 N 7th St

318 Gannt St

648 Pawnee Ave

1808 Scottwood St

453 Charter Ave

1008 Walk Rd

1103 WE Catt St

61 US-61

745 Harahan Rd

3740 Parrot Cove

4897 Southaven Rd
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 | $862 | $500 | $1,350 |
| Madison 3 Bedroom Homes for Rent | $1,200 | $750 | $2,250 |
| Madison 4 Bedroom Homes for Rent | $1,589 | $995 | $2,290 |
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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. Weaver Fields Apartments in the South Memphis neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. 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 | Vantage Point | 2BR,2BA | $650 |
| Weaver Fields Apartments | 1 Bed, 1 bath | 1BR,1BA | $725 |
| The Lexington | 1 Bed 1 Bath Classic | 1BR,1BA | $750 |
| Barton Court Apartments | 2 Bed | 2BR,1BA | $800 |
| Greenways at Marion | The Mulligan | 1BR,1BA | $840 |
Best Value Apartments for Rent in Madison, AR and Nearby
As of November 13, 2025 the best value apartment in the Madison area is the $0.94 price per square foot Ranch Model at Jackson Heights Residential in the starting from $1,150. The second greatest value Madison apartment is the 2 Bedroom Model at The Trace at 161 starting at $1,245 with a $1.08 price per square foot in the McKeller 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. |
|---|---|---|---|
| Jackson Heights Residential | Ranch | 4BR,2BA | $0.94 |
| The Trace at 161 | 2 Bedroom | 2BR,2BA | $1.08 |
| The Waverly Apartments | The Rosebud (Classic) | 2BR,2BA | $1.18 |
| Barton Court Apartments | 2 Bed | 2BR,1BA | $0.76 |
| Riverchase Apartments | 2x2L P | 2BR,2BA | $1.04 |
| Chapel Ridge | 2x2 Platinum | 2BR,2BA | $1.12 |
| Bent Creek Apartments | 2 Bedroom | 2BR,1BA | $0.94 |
| Weatherstone Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.15 |
| Indigo at 61 | Renovated 1 Bedroom 1 Bath | 1BR,1BA | $1.24 |
| Weaver Fields Apartments | 1 Bed, 1 bath | 1BR,1BA | $0.94 |
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Frequently Asked Questions about Madison
What type of rentals are currently available in Madison?
There are currently 42 Apartments for Rent in Madison, AR with pricing that ranges from $650 to $5,900. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $500 to $2,290.
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 $500 to $2,290 with an average monthly rent of $1,217.
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 $895 to $3,350, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $2,250. Four Bedroom Single-Family rentals are also available starting from $995 and Four Bedroom Apartments start at $725.
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.