
Cheap Homes for Rent in Madison County, IN from $400 (33 Rentals)
Search the lowest-cost Homes available for rent right now in Madison County.


336 W 6th St

309.5 Central Ave

1807 Raible Ave

2715 Delaware St

2528 Lincoln St

3009 E Lynn St

2904 Lincoln St
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.

2324 Chase St

1310 W 13th St

2412 E 7th St

1725 Delaware St

223 E 11th St

2418 W 18th St

420 W 25th St

2718 W 18th St
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.

330 W 14th St

144 Hollywood Blvd

144 Hollywood Blvd

144 Hollywood Blvd

4801 E Co Rd 67

4801 E Co Rd 67

4801 E Co Rd 67

4801 E Co Rd 67
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.

4801 E Co Rd 67

415 E 15th St

1348 Ohio Ave

1423 Fountain St

427 W Vinyard St

2624 Crystal St

1631 W 7th St

219 E 13th 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.

110 E Jackson St
Madison County, IN Local Guide

How much does it cost to rent a home in Madison County?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison County 2 Bedroom Homes for Rent | $1,061 | $772 | $1,700 |
| Madison County 3 Bedroom Homes for Rent | $1,453 | $850 | $2,875 |
| Madison County 4 Bedroom Homes for Rent | $2,133 | $1,700 | $3,000 |
| Madison County 5 Bedroom Homes for Rent | $2,475 | $1,900 | $3,050 |
Browse Homes for Rent in Madison County
Explore Madison County
Cheapest Available 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 |
| Longfellow Plaza Affordable Senior Community | Studio | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sun Valley Townhomes | Townhouse | 3BR,2.5BA | $0.92 |
| Tin Plate Apartments | 2 Beds, 2 Baths | 2BR,2BA | $1.07 |
| Villages on Madison Apartments | 2x1 R-Prem | 2BR,1BA | $1.17 |
| 1317 Main St | 1317 Main St | 2BR,1BA | $0.87 |
| Madison Lakes | One Bedroom | 1BR,1BA | $1.25 |
| 914 Lennox St, Unit 914 Lennox | 914 Lennox St | 1BR,1BA | $1.07 |
| Hoosier Woods | 1X1 60% | 1BR,1BA | $1.20 |
| 209 Delaware St, Unit A | 209 Delaware St | 2BR,1BA | $1.23 |
| 2208 Hendricks St, Unit 3 | 2208 Hendricks St | 1BR,1BA | $1.03 |
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,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

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.

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.

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.

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.