Cheap Apartments for Rent in Madison County, IL from $500 (66 Rentals)

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

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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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710-728 Connor Dr
2 Bedroom Apartments

710-728 Connor Dr

710-728 Connor DrSouth Roxana, IL 62087
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Diplomat Apartments
1 to 2 Bedroom Apartments

Diplomat Apartments

385-407 Kent StEast Alton, IL 62024
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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. The Social Edwardsville in the Fruit Maple Carpenter neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $705. Here is today’s list of the most affordable Madison County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rocwood Apartments1BR Units1BR,1BA$700
The Social EdwardsvilleThe Cougar Unfurnished4BR,4BA$705
Cedar Point ApartmentsOne Bedroom Garden1BR,1BA$900
Broadway PlaceTwo Bedroom Apartment2BR,1BA$975
Metro Apartments At Collinsville1BD/1BA Upgraded1BR,1BA$1,000

Best Value Apartments for Rent in Madison County, IL

As of November 24, 2025 the best value apartment in the Madison County area is the $0.53 price per square foot The Cougar Unfurnished Model at The Social Edwardsville in the in the Fruit Maple Carpenter neighborhood starting from $705. The second greatest value Madison County apartment is the B1 Model at Parc at 720 starting at $900 with a $0.72 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.
The Social EdwardsvilleThe Cougar Unfurnished4BR,4BA$0.53
Parc at 720B12BR,2BA$0.72
Rivers Edge Apartments2 BR Apartment2BR,1BA$1.00
Storyboard on LancashireLancashire B12BR,1BA$1.18
Kettle River Town HomesTraditional Townhome2BR,1.5BA$0.98
Metro Apartments at Granite City2BR/1B TH2BR,1BA$1.10
5526 Humbert Rd5526 Humbert Rd2BR,1BA$0.99
1105 W Main St, Unit 2nd floor1105 W Main St1BR,1BA$0.97
2009 Bryan Ave, Unit 2009 Apt A, upstairs2009 Bryan Ave1BR,1BA$1.04
Rocwood Apartments1BR Units1BR,1BA$1.13

Frequently Asked Questions about Cheap Madison County Apartments

How much is rent for a Cheap One Bedroom Madison County Apartment?

The lowest price for a Cheap One Bedroom Madison County Apartment is $700 at Rocwood Apartments.

What is the lowest price for a Cheap Two Bedroom Madison County Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Madison County is starting from $875 at Rocwood Apartments.

What is the most affordable Madison County Three Bedroom Apartment?

The best deal on a cheap Madison County Three Bedroom Apartment rental is at Rocwood Apartments and starts from $1,000.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.