Cheap Apartments for Rent in Madison County, IN from $300 (29 Rentals)

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

property at 117 E John St

117 E John St

AlexandriaIN46001
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Plumwood Apartments
Studio to 2 Bedroom Apartments

Plumwood Apartments

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

Central Schools

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

Parq on 8th Apartments

1829 E 8th StAnderson, IN 46012
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The Mint
1 to 2 Bedroom Apartments

The Mint

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

Bingham Square

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

Hickory Knoll Apartments

1603 E 53rd StAnderson, IN 46013
Senior Living
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Showing Results 1-29, Page 1 of 1

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. York 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 ListingModel NameBed/BathPriced From
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$250
York Apartments621-A1BR,1BA$750
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790

Best Value Apartments for Rent in Madison County, IN

As of November 18, 2025 the best value apartment in the Madison County area is the $0.94 price per square foot Townhouse Model at Sun Valley Townhomes in the starting from $1,327. The second greatest value Madison County apartment is the 3 Bed 1.5 Bath Model at Four Winds Apartments starting at $1,220 with a $1.11 price per square foot . 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.
Sun Valley TownhomesTownhouse3BR,2.5BA$0.94
Four Winds Apartments3 Bed 1.5 Bath3BR,1.5BA$1.11
921 W 8th St, Unit B921 W 8th St3BR,1BA$0.83
1522 Main St, Unit 31522 Main St1BR,1BA$0.92
Hoosier Woods2X2 60%2BR,2BA$0.99
202 E 13th St, Unit 1202 E 13th St2BR,1BA$0.92
919 W 8th St, Unit B919 W 8th St1BR,1BA$0.94
1108 W 6th St, Unit 21108 W 6th St1BR,1BA$1.00
411 N Sheridan St, Unit .5411 N Sheridan St2BR,1BA$1.09
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,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 $1,179.

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 25 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 $469 which is $710 cheaper than the average rent for all rentals in Madison County.

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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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! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.