Cheap Homes for Rent in Madison County, IN from $700 (14 Rentals)

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

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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property at 1318 Nelle St

1318 Nelle 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.

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Showing Results 1-14, 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. Hoosier Woods Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $673. 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
Hoosier Woods Apartments1x1 50%1BR,1BA$673
Harter House Anderson LLCRoseStudio,1BA$749
North Pointe Commons1BR/1BA1BR,1BA$775
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790

Best Value Apartments for Rent in Madison County, IN

As of June 03, 2025 the best value apartment in the Madison County area is the $0.56 price per square foot 919 Walnut St Model at 919 Walnut St in the starting from $1,000. The second greatest value Madison County apartment is the (7182B1) 2x1 Model at Summerlake Meadows starting at $1,449 with a $1.17 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$0.56
Summerlake Meadows(7182B1) 2x12BR,1BA$1.17
Tin Plate Apartments2 Beds, 2 Baths2BR,2BA$1.12
Hoosier Woods Apartments2x2 60%2BR,2BA$1.06
Cross Lakes Apartments1x1WD R-Prem1BR,1BA$1.33
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$0.45
201 N Lincoln Ave, Unit 3201 N Lincoln Ave1BR,1BA$1.09
917 E 8th St, Unit 4917 E 8th St1BR,1BA$1.25
317 N Harrison St, Unit .5317 N Harrison St1BR,1BA$1.30
1527 Walnut St, Unit 31527 Walnut St1BR,1BA$1.10

Frequently Asked Questions about Madison County

What type of rentals are currently available in Madison County?

There are currently 135 Apartments for Rent in Madison County, IN with pricing that ranges from $250 to $2,800. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison County ranging from $775 to $2,850.

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 $775 to $2,850 with an average monthly rent of $1,558.

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 $935 to $1,945, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $2,350. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $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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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.