Cheap Homes for Rent in Madison County, IL from $700 (33 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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property at 8 Jardin Ct

8 Jardin Ct

CollinsvilleIL62234

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property at 4 Bonne Terre Ct

4 Bonne Terre Ct

CollinsvilleIL62234

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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 Madison County

What type of rentals are currently available in Madison County?

There are currently 281 Apartments for Rent in Madison County, IL with pricing that ranges from $550 to $3,170. There are also 90 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison County ranging from $700 to $2,950.

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 $700 to $2,950 with an average monthly rent of $1,590.

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 $2,460, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $675.

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.

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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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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.