Cheap Homes for Rent in Madison County, ID from $400 (6 Rentals)

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

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.

property at 255 E Main St

$895 - $1,000

2 Bedroom Rentals

Available Now

255 E Main St

RexburgID83440

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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 02, 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 Madison County

What type of rentals are currently available in Madison County?

There are currently 92 Apartments for Rent in Madison County, ID with pricing that ranges from $865 to $2,295. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison County ranging from $475 to $3,000.

What is the current price range for Rental Homes in Madison County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Madison County ranges from $475 to $3,000 with an average monthly rent of $1,536.

How much are larger Three and Four Bedroom Rentals in Madison County?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Madison County range from $1,500 to $2,295, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,595 to $2,195. Four Bedroom Single-Family rentals are also available starting from $550 and Four Bedroom Apartments start at $1,800.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.