Cheap Homes for Rent in Madison County, IL from $700 (28 Rentals)

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Search the lowest-cost Homes 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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Showing Results 1-28, Page 1 of 1

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
Surrey Court Apartments2 Beds, 1 bath2BR,1BA$970
Broadway PlaceTwo Bedroom Apartment2BR,1BA$975
Metro Apartments at Granite City1BR/1B1BR,1BA$1,000
Kettle River Town HomesTraditional Townhome2BR,1BA$1,025

Best Value Apartments for Rent in Madison County, IL

As of January 02, 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 2x2 Flat Model at The Reserve Apartments starting at $899 with a $0.83 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
The Reserve Apartments2x2 Flat2BR,2BA$0.83
Cedar Point ApartmentsTwo Bedroom Townhouse2BR,1.5BA$1.11
Storyboard on LancashireLancashire B12BR,1BA$1.13
5526 Humbert Rd5526 Humbert Rd2BR,1BA$0.99
Surrey Court Apartments2 Beds, 1 bath2BR,1BA$1.12
103 Summit Ave, Unit number 3103 Summit Ave2BR,1BA$1.19
575 N Kansas St, Unit B575 N Kansas St2BR,1BA$1.20
229 N Clinton St, Unit # 1229 N Clinton St2BR,1BA$1.25
Rocwood Apartments1BR Units1BR,1BA$1.13

Frequently Asked Questions about Madison County

What type of rentals are currently available in Madison County?

There are currently 283 Apartments for Rent in Madison County, IL with pricing that ranges from $550 to $3,135. There are also 76 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison County ranging from $750 to $3,250.

What is the current price range for Rental Homes in Madison County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Madison County ranges from $750 to $3,250 with an average monthly rent of $1,504.

How much are larger Three and Four Bedroom Rentals in Madison County?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Madison County range from $800 to $3,135, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,743. Four Bedroom Single-Family rentals are also available starting from $1,195 and Four Bedroom Apartments start at $675.

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 How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips article

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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!