Cheap Apartments for Rent in Madison County, ID from $400 (7 Rentals)

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Milano Flats
6 Bedroom Apartments

Milano Flats

440 S 2nd WRexburg, ID 83440
Student Housing
  • Utilities Included

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.

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Carlow Senior Apartments
1 to 2 Bedroom Apartments

Carlow Senior Apartments

420 E 7th NRexburg, ID 83440
Senior Living
  • Utilities Included

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.

Cheapest Available Madison County Apartments for Rent

 

The cheapest available apartment rental in Madison County, ID is a 1 Bed unit found at University Courtyard priced from $925. Campus Courtyard has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here is today’s list of the most affordable Madison County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Courtyard1X1 Unfurnished1BR,1BA$925
Campus Courtyard1x11BR,1BA$950
Stone Brook ApartmentsHenry's Lake1BR,1BA$975

Best Value Apartments for Rent in Madison County, ID

As of May 01, 2026 the best value apartment in the Madison County area is the $1.50 price per square foot 2B/1B Model at Rexburg Centennial Townhomes LLC in the starting from $1,299. The second greatest value Madison County apartment is the Fremont - 2/1.00 Model at Village at Rexburg starting at $1,125 with a $1.32 price per square foot . Here is today’s list of the best values for Madison County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Rexburg Centennial Townhomes LLC2B/1B2BR,1BA$1.50
Village at RexburgFremont - 2/1.002BR,1BA$1.32
310 Ella Ln, Unit 13202310 Ella Ln2BR,1BA$1.35
Providence Square2x12BR,1BA$1.70
Stone Brook ApartmentsHenry's Lake1BR,1BA$1.52
University Gateway2X12BR,1BA$1.78
164 Rosewood Dr, Unit Less than 1/4 mile to BYU-I164 Rosewood Dr1BR,1BA$2.11
Campus Courtyard1x11BR,1BA$2.11
University Courtyard1X1 Unfurnished1BR,1BA$2.18

Frequently Asked Questions about Cheap Madison County Apartments

What is the price of a cheap apartment in Madison County?

The cheapest apartment in Madison County is University Courtyard which is listed at $925, while the average apartment in Madison County costs $1,800.

What types of apartments are the cheapest in Madison County?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in Madison County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.