Cheap Apartments for Rent in Madison County, ID from $400 (8 Rentals)

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

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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 Rosewood Patio Homes priced from $895. University Courtyard has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here is today’s list of the most affordable Madison County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rosewood Patio Homes1x11BR,1BA$895
University Courtyard1X1 Unfurnished1BR,1BA$925
Stone Brook ApartmentsTeton1BR,1BA$975

Best Value Apartments for Rent in Madison County, ID

As of June 15, 2026 the best value apartment in the Madison County area is the $1.15 price per square foot 3 Beds, 2.5 Baths Model at 651 S 2400 W in the starting from $1,675. The second greatest value Madison County apartment is the 76 E 1st N Model at 76 E 1st N, Unit 76 Shared Apartment starting at $475 with a $0.53 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.
651 S 2400 W3 Beds, 2.5 Baths3BR,2.5BA$1.15
76 E 1st N, Unit 76 Shared Apartment76 E 1st N3BR,1BA$0.53
Rexburg Centennial Townhomes LLC2B/1B2BR,1BA$1.50
Village at RexburgFremont - 2/1.002BR,1BA$1.32
Providence Square2x12BR,1BA$1.70
Stone Brook ApartmentsHenry's Lake1BR,1BA$1.52
Rosewood Patio Homes1x11BR,1BA$1.79
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 Rosewood Patio Homes which is listed at $895, while the average apartment in Madison County costs $5,508.

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 2 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.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.