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.

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.

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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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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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Diplomat Apartments
1 to 2 Bedroom Apartments

Diplomat Apartments

385-407 Kent StEast Alton, IL 62024
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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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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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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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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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Showing Results 1-50, Page 1 of 2

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. Flax Meadow Townhomes has the second lowest priced unit, which is a 2 Beds apartment currently listed from $715. Here is today’s list of the most affordable Madison County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rocwood Apartments1BR Units1BR,1BA$700
Flax Meadow TownhomesTwo Bed2BR,1BA$715
Cedar Point ApartmentsEfficiencyStudio,1BA$775
The Georgetown Apartments1 Bed, 1 bath1BR,1BA$775
326 E Central St2 Bed, 1 Bath2BR,1BA$875
Metro Apartments at Bethalto1BR/1B SP7 Reno1BR,1BA$950

Best Value Apartments for Rent in Madison County, IL

As of April 18, 2026 the best value apartment in the Madison County area is the $0.73 price per square foot B1 Model at Parc at 720 in the in the Fruit Maple Carpenter neighborhood starting from $910. The second greatest value Madison County apartment is the Lancashire B1 Model at Storyboard on Lancashire starting at $1,195 with a $1.13 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$0.73
Storyboard on LancashireLancashire B12BR,1BA$1.13
Kettle River Town HomesTraditional Townhome2BR,1.5BA$0.98
Flax Meadow TownhomesTwo Bed2BR,1.5BA$0.81
Surrey Court Apartments2 Beds, 1 bath2BR,1BA$1.12
326 E Central St2 Bed, 1 Bath2BR,1BA$1.03
523 S Central Ave, Unit 4523 S Central Ave2BR,1BA$1.00
1105 W Main St, Unit 2nd floor B1105 W Main St1BR,1BA$0.97
806 Center St, Unit 3806 Center St1BR,1BA$1.09
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 $1,545.

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 11 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 $426 which is $1,119 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 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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

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

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.