Cheap Homes for Rent in Madison County, IN from $400 (33 Rentals)

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

property at 2528 Lincoln St

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

1 Bedroom, 1 Bath Townhome for Rent

Available Aug 15

2528 Lincoln St

AndersonIN46016
property at 3009 E Lynn St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

3 Bedroom, 1 Bath Townhome for Rent

Available Now

3009 E Lynn St

AndersonIN46016
property at 2904 Lincoln St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

2 Bedroom, 1 Bath Home for Rent

Available Now

2904 Lincoln St

AndersonIN46016

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 2418 W 18th St

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925

Total Monthly Price
$925

1 Bedroom, 1 Bath Home for Rent

Available Now

2418 W 18th St

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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

property at 1348 Ohio Ave

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Jul 1

1348 Ohio Ave

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.

Cheapest Available Madison County Apartments for Rent

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

Best Value Apartments for Rent in Madison County, IN

As of June 28, 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 2 Beds, 2 Baths Model at Tin Plate Apartments starting at $1,195 with a $1.07 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$0.92
Tin Plate Apartments2 Beds, 2 Baths2BR,2BA$1.07
Villages on Madison Apartments2x1 R-Prem2BR,1BA$1.17
1317 Main St1317 Main St2BR,1BA$0.87
Madison LakesOne Bedroom1BR,1BA$1.25
914 Lennox St, Unit 914 Lennox914 Lennox St1BR,1BA$1.07
Hoosier Woods1X1 60%1BR,1BA$1.20
209 Delaware St, Unit A209 Delaware St2BR,1BA$1.23
2208 Hendricks St, Unit 32208 Hendricks St1BR,1BA$1.03
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$0.45

Frequently Asked Questions about Madison County

What type of rentals are currently available in Madison County?

There are currently 149 Apartments for Rent in Madison County, IN with pricing that ranges from $250 to $1,725. There are also 93 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison County ranging from $495 to $3,050.

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 $495 to $3,050 with an average monthly rent of $1,394.

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 $1,050 to $1,450, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,875. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $1,399.

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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.