
Cheap Apartments for Rent in Madison County, IN from $300 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in Madison County.


202 E 13th St

201 N Lincoln Ave, Unit 3

2002 Jefferson St

2112 Lafayette St

526 W 9th St
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.

Bay Terrace Apartments

901-903 E 32nd St

Hoosier Woods Apartments

913-915 Morton St

1413 Walnut St
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.

1712 Jefferson St
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.
Madison County, IN Local Guide

How much does it cost to rent an apartment in Madison County?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Madison County Studio Apartments | $758 | $650 | $825 |
Madison County 1 Bedroom Apartments | $871 | $250 | $1,224 |
Madison County 2 Bedroom Apartments | $1,040 | $750 | $1,499 |
Madison County 3 Bedroom Apartments | $1,156 | $935 | $1,350 |
Browse Apartments in Madison County
See all Apartments in MadisonExplore Madison County
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $250 |
Harter House Anderson LLC | Rose | Studio,1BA | $749 |
Longfellow Plaza Affordable Senior Community | Studio | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
919 Walnut St | 919 Walnut St | 3BR,1BA | $0.53 |
Summerlake Meadows | (7182B1) 2x1 | 2BR,1BA | $1.21 |
Cedar Ridge Townhomes | The Spruce | 3BR,1.5BA | $0.97 |
Tin Plate Apartments | 2 Beds, 2 Baths | 2BR,2BA | $1.12 |
328 Milton Ave, Unit 2 | 328 Milton Ave | 2BR,1BA | $0.97 |
Villages on Madison Apartments | 2x1 R-Prem | 2BR,1BA | $1.23 |
430 W 7th St, Unit 430 | 430 W 7th St | 2BR,1BA | $0.99 |
201 N Lincoln Ave, Unit 3 | 201 N Lincoln Ave | 1BR,1BA | $1.09 |
The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $0.45 |
917 E 8th St, Unit 4 | 917 E 8th St | 1BR,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.

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.

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.

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.

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.