Cheap Apartments for Rent in Madison County, IL from $500 (57 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
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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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Cedar Lodge
1 to 3 Bedroom Apartments

Cedar Lodge

824 Washington AveAlton, IL 62002
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William Estate Apartments
Studio to 3 Bedroom Apartments

William Estate Apartments

101 Club Centre CtEdwardsville, IL 62025
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Devonshire Apartments
2 Bedroom Apartments

Devonshire Apartments

9-19 Devon CtEdwardsville, IL 62025
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Village Court
1 Bedroom Apartments

Village Court

43 Village CtGlen Carbon, IL 62034
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Maple Manor
1 to 3 Bedroom Apartments

Maple Manor

112 Manor CtAlton, IL 62002
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Cheapest Available Madison County Apartments for Rent

 

The cheapest available apartment rental in Madison County, IL is a Studio unit found at Rivers Edge Apartments in the Metro East neighborhood priced from $620. Rocwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Madison County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rivers Edge ApartmentsEfficiencyStudio,1BA$620
Rocwood Apartments1BR Units1BR,1BA$650
The Social EdwardsvilleThe Cougar Unfurnished4BR,4BA$705
Cedar Point ApartmentsOne Bedroom Garden1BR,1BA$900
Metro Apartments at Wood RiverSave up to $500 off Move In Costs with your EXC...1BR,1BA$950
Surrey Court Apartments2 Beds, 1 bath2BR,1BA$950

Best Value Apartments for Rent in Madison County, IL

As of September 15, 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 $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.
The Social EdwardsvilleThe Cougar Unfurnished4BR,4BA$0.53
Parc at 720B12BR,2BA$0.73
300 E Church St, Unit C300 E Church St2BR,1BA$1.00
1028 E 5th St, Unit 1-21028 E 5th St2BR,1BA$0.83
8 Cougar Dr, Unit B8 Cougar Dr2BR,1BA$1.13
512 Henry St512 Henry St1BR,1BA$0.92
Surrey Court Apartments2 Beds, 1 bath2BR,1BA$1.10
508 Broadway, Unit 506508 Broadway2BR,1BA$1.13
575 N Kansas St, Unit B575 N Kansas St2BR,1BA$1.20
Rocwood Apartments1BR Units1BR,1BA$1.05

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 $650 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 $850 at Rocwood Apartments.

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.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.