Cheap Homes for Rent in Madison County, IL from $600 (19 Rentals)

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

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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 Near North Riverfront 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
ReNew at AltonFinley1BR,1BA$840
Cedar Point ApartmentsOne Bedroom Garden1BR,1BA$900
Surrey Court Apartments2 Beds, 1 bath2BR,1BA$900

Best Value Apartments for Rent in Madison County, IL

As of June 11, 2025 the best value apartment in the Madison County area is the $0.73 price per square foot 403 Short St Model at 403 Short St, Unit Front in the in the Metro East neighborhood starting from $1,600. 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.
403 Short St, Unit Front403 Short St3BR,2BA$0.73
Parc at 720B12BR,2BA$0.73
2221 Benton St, Unit 22212221 Benton St3BR,1BA$0.91
Storyboard on LancashireLancashire B12BR,1BA$1.04
Parkview2x12BR,1BA$1.03
Surrey Court Apartments2 Beds, 1 bath2BR,1BA$1.04
1231 Constance St, Unit A1231 Constance St1BR,1BA$1.00
306 E Johnson St, Unit # 4306 E Johnson St2BR,2BA$1.19
Rocwood Apartments1BR Units1BR,1BA$1.05
508 Broadway, Unit 508A508 Broadway1BR,1BA$1.17

Frequently Asked Questions about Madison County

What type of rentals are currently available in Madison County?

There are currently 285 Apartments for Rent in Madison County, IL with pricing that ranges from $550 to $3,459. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison County ranging from $600 to $4,000.

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 $600 to $4,000 with an average monthly rent of $1,429.

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 $2,860, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $4,000. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $759.

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

Written by: Marie Brown

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.