Cheap Apartments for Rent in Madison County, IN from $300 (24 Rentals)

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

property at 202 E 13th St

202 E 13th St

AndersonIN46016

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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Plumwood Apartments
Studio to 2 Bedroom Apartments

Plumwood Apartments

5 E Plum StChesterfield, IN 46017
  • Utilities Included
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Central Schools
1 to 2 Bedroom Apartments

Central Schools

2120 Central AveAnderson, IN 46016
Senior Living
  • Utilities Included
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Parq on 8th Apartments
Studio to 3 Bedroom Apartments

Parq on 8th Apartments

1829 E 8th StAnderson, IN 46012
  • Utilities Included

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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The Mint
1 to 2 Bedroom Apartments

The Mint

2505 E 10th StAnderson, IN 46012
  • 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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Bingham Square
1 to 3 Bedroom Apartments

Bingham Square

2725 W 16th StAnderson, IN 46011
  • Utilities Included
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Hickory Knoll Apartments
1 to 2 Bedroom Apartments

Hickory Knoll Apartments

1603 E 53rd StAnderson, IN 46013
Senior Living
  • Utilities Included

Cheapest Available Madison County Apartments for Rent

 

The cheapest available apartment rental in Madison County, IN is a 1 Bed unit found at The Towers at Southdale Affordable Senior priced from $250. Harter House Anderson LLC has the second lowest priced unit, which is a Studio apartment currently listed from $749. Here is today’s list of the most affordable Madison County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$250
Harter House Anderson LLCRoseStudio,1BA$749
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790

Best Value Apartments for Rent in Madison County, IN

As of July 02, 2025 the best value apartment in the Madison County area is the $0.53 price per square foot 919 Walnut St Model at 919 Walnut St in the starting from $950. The second greatest value Madison County apartment is the (7182B1) 2x1 Model at Summerlake Meadows starting at $1,499 with a $1.21 price per square foot in the Barrington Estates 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.
919 Walnut St919 Walnut St3BR,1BA$0.53
Summerlake Meadows(7182B1) 2x12BR,1BA$1.21
Cedar Ridge TownhomesThe Spruce3BR,1.5BA$0.97
Tin Plate Apartments2 Beds, 2 Baths2BR,2BA$1.12
328 Milton Ave, Unit 2328 Milton Ave2BR,1BA$0.97
Villages on Madison Apartments2x1 R-Prem2BR,1BA$1.23
430 W 7th St, Unit 430430 W 7th St2BR,1BA$0.99
201 N Lincoln Ave, Unit 3201 N Lincoln Ave1BR,1BA$1.09
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$0.45
917 E 8th St, Unit 4917 E 8th St1BR,1BA$1.21

Frequently Asked Questions about Cheap Madison County Apartments

What is the Cheapest Studio apartment in Madison County?

Currently the most affordable Cheap Studio Apartment in Madison County is at Harter House Anderson LLC listed at $749.

How much is rent for a Cheap One Bedroom Madison County Apartment?

The lowest price for a Cheap One Bedroom Madison County Apartment is $250 at The Towers at Southdale Affordable Senior.

What is the lowest price for a Cheap Two Bedroom Madison County Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Madison County is starting from $1,032 at Applecreek.

What is the most affordable Madison County Three Bedroom Apartment?

The best deal on a cheap Madison County Three Bedroom Apartment rental is at Cedar Ridge Townhomes and starts from $1,180.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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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.

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

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

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.