Cheap Apartments for Rent in Madison County, IL from $500 (61 Rentals)

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

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 $625. Rocwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Madison County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rivers Edge ApartmentsEfficiencyStudio,1BA$625
Rocwood Apartments1BR Units1BR,1BA$700
326 E Central St2 Bed, 1 Bath2BR,1BA$875
Surrey Court Apartments2 Beds, 1 bath2BR,1BA$970
Broadway PlaceTwo Bedroom Apartment2BR,1BA$975
Metro Apartments At Collinsville1BD/1BA Reno1BR,1BA$1,000
Metro Apartments at Granite City1BR/1B1BR,1BA$1,000
Cedar Point ApartmentsTwo Bedroom Garden1BR,1BA$1,050

Best Value Apartments for Rent in Madison County, IL

As of January 13, 2026 the best value apartment in the Madison County area is the $0.72 price per square foot B1 Model at Parc at 720 in the in the Fruit Maple Carpenter neighborhood starting from $900. The second greatest value Madison County apartment is the 3 Model at Esic Pointe starting at $1,445 with a $1.16 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.
Parc at 720B12BR,2BA$0.72
Esic Pointe32BR,2BA$1.16
423 George St423 George St2BR,1.5BA$1.00
The Reserve Apartments2x2 Flat2BR,2BA$0.83
Cedar Point ApartmentsTwo Bedroom Townhouse2BR,1.5BA$1.11
Storyboard on LancashireLancashire B12BR,1BA$1.13
Surrey Court Apartments2 Beds, 1 bath2BR,1BA$1.12
The Social EdwardsvilleThe Eddie2BR,2BA$1.13
103 Summit Ave, Unit number 3103 Summit Ave2BR,1BA$1.19
Rocwood Apartments1BR Units1BR,1BA$1.13

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 $1,385.

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 25 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 $498 which is $887 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

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

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.

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!