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$250 - $9721 Bedroom Apartments Available Now
The Towers at Southdale Affordable Senior
524 W 53rd StAnderson, IN 46013
Cheap Apartments for Rent in Madison County, IN from $300 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in Madison County.
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$589 - $1,2231 to 4 Bedroom Apartments Available Now
Hoosier Woods
3833 Hoosier Woods CtAnderson, IN 46013
117 E John St
AlexandriaIN46001
2930 Fletcher St
AndersonIN46016
2002 Jefferson St
AndersonIN46016
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213 Madison Ave
AndersonIN46016
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.
215 Madison Ave
AndersonIN46016
919 E 6th St
AndersonIN46012
3000 Fletcher St
AndersonIN46016
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$650 - $1,050Studio to 2 Bedroom Apartments Contact Us For Availability
Bay Terrace Apartments
530 Alhambra DrAnderson, IN 46012
221 E 11th St
AndersonIN46016
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2710 E 10th St
AndersonIN46012
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.
631 High St
AndersonIN46012
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1604 W 15th St
AndersonIN46016
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.
702 W 23rd St
AndersonIN46016
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2408 Locust St
AndersonIN46016
706 W 23rd St
AndersonIN46016
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.
605 E 5th St
AndersonIN46012
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Madison County, IN Local Guide
Indiana road by StevenW. is licensed under CC BY 2.0
How much does it cost to rent an apartment in Madison County?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison County Studio Apartments | $774 | $650 | $855 |
| Madison County 1 Bedroom Apartments | $867 | $250 | $1,224 |
| Madison County 2 Bedroom Apartments | $1,066 | $650 | $1,499 |
| Madison County 3 Bedroom Apartments | $1,162 | $803 | $1,450 |
| Madison County 4 Bedroom Apartments | $1,172 | $865 | $1,460 |
Browse Apartments in Madison County
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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. Courtyard Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Madison County apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $250 |
| Courtyard Village Apartments | 609-A | 1BR,1BA | $750 |
| Longfellow Plaza Affordable Senior Community | Studio | Studio,1BA | $790 |
Best Value Apartments for Rent in Madison County, IN
As of January 02, 2026 the best value apartment in the Madison County area is the $0.92 price per square foot Townhouse Model at Sun Valley Townhomes in the starting from $1,300. The second greatest value Madison County apartment is the 3X2 60% Model at Hoosier Woods starting at $999 with a $0.85 price per square foot . Here is today’s list of the best values for Madison County apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sun Valley Townhomes | Townhouse | 3BR,2.5BA | $0.92 |
| Hoosier Woods | 3X2 60% | 3BR,2BA | $0.85 |
| 2331 Broadway St, Unit .5 | 2331 Broadway St | 3BR,2BA | $0.95 |
| 921 W 8th St, Unit B | 921 W 8th St | 3BR,1BA | $0.83 |
| 1412 Arrow Ave, Unit 2 | 1412 Arrow Ave | 2BR,1BA | $0.95 |
| 1522 Main St, Unit 3 | 1522 Main St | 1BR,1BA | $0.92 |
| 423 E 8th St, Unit A | 423 E 8th St | 1BR,1BA | $0.69 |
| 919 Walnut St, Unit B | 919 Walnut St | 1BR,1BA | $0.78 |
| 919 W 8th St, Unit B | 919 W 8th St | 1BR,1BA | $0.94 |
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $0.45 |
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 The Towers at Southdale Affordable Senior which is listed at $250, while the average apartment in Madison County costs $1,223.
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 19 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 $524 which is $699 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
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.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!