Cheap Apartments for Rent in Madison County, IL from $500 (63 Rentals)

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

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422 Winona St
$750
Total Monthly Price

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750
2 Bedroom Apartment Available Now

422 Winona St

422 Winona StBethalto, IL 62010
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119 Wolf
2 Bedroom Apartments

119 Wolf

119 Wolf AveHamel, IL 62046
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Skyline Apartments
1 to 3 Bedroom Apartments

Skyline Apartments

189 Skyline View DrCollinsville, IL 62234

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Twin Pine Estates
1 to 2 Bedroom Apartments

Twin Pine Estates

3301 Fosterburg RdAlton, IL 62002
  • Utilities Included
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Cherry Hill
Studio to 3 Bedroom Apartments

Cherry Hill

744 Washington AveAlton, IL 62002
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Diplomat Apartments
1 to 2 Bedroom Apartments

Diplomat Apartments

385-407 Kent StEast Alton, IL 62024
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710-728 Connor Dr
2 Bedroom Apartments

710-728 Connor Dr

710-728 Connor DrSouth Roxana, IL 62087
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Cedar Lodge
1 to 3 Bedroom Apartments

Cedar Lodge

824 Washington AveAlton, IL 62002
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Cheapest Available Madison County Apartments for Rent

 

The cheapest available apartment rental in Madison County, IL is a 1 Bed unit found at Rocwood Apartments priced from $700. 326 E Central St in the Fruit Maple Carpenter neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $875. Here is today’s list of the most affordable Madison County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rocwood Apartments1BR Units1BR,1BA$700
326 E Central St2 Bed, 1 Bath2BR,1BA$875
Metro Apartments at Wood River1BR/1B Thompson1BR,1BA$950
Surrey Court Apartments2 Beds, 1 bath2BR,1BA$970

Best Value Apartments for Rent in Madison County, IL

As of March 04, 2026 the best value apartment in the Madison County area is the $1.11 price per square foot Hamilton Model at ReNew at Alton in the starting from $1,669. The second greatest value Madison County apartment is the B1 Model at Parc at 720 starting at $915 with a $0.73 price per square foot in the Fruit Maple Carpenter neighborhood. 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.
ReNew at AltonHamilton3BR,2.5BA$1.11
Parc at 720B12BR,2BA$0.73
The Reserve Apartments2x2 Flat2BR,2BA$0.83
Surrey Court Apartments2 Beds, 1 bath2BR,1BA$1.12
326 E Central St2 Bed, 1 Bath2BR,1BA$1.03
The Social EdwardsvilleThe Eddie2BR,2BA$1.13
1111 Logan St, Unit Logan Apt #31111 Logan St1BR,1BA$0.81
2029 Bryan Ave, Unit 2029 Bryan Ave down2029 Bryan Ave2BR,1BA$1.06
422 Winona St422 Winona St2BR,1BA$1.07
2015 Bryan Ave, Unit 2015 Bryan unit A up2015 Bryan Ave1BR,1BA$1.04

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 Rocwood Apartments which is listed at $700, while the average apartment in Madison County costs $1,476.

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 20 regular apartments in Madison County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Madison County?

Cheap apartments in Madison County have an average cost of $453 which is $1,023 cheaper than the average rent for all rentals in Madison County.

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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Written by: Christine Leonard, Esq.

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Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.