
Cheap Homes for Rent in Madison County, IN from $500 (24 Rentals)
Search the lowest-cost Homes available for rent right now in Madison County.


702 W 23rd St

2418 Lincoln St

505 Woodward St

2408 Locust St

605 E 5th St

309.5 Central Ave

231 E 13th St

1224 W 13th St

21 W 8th St

2311 E 5th St

1140 Manor Ct

1900 Broadway St, Unit B

2701 Lincoln St

102 N Main St

425 E 36th St

1226 W 13th St

3912 E Lynn St

2223 Chase St

3038 E Lynn St

1640 W 18th St

278 W 375 N

1214 E 18th 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 | $1,126 | $745 | $2,800 |
| Madison County 3 Bedroom Homes for Rent | $1,481 | $895 | $2,100 |
| Madison County 4 Bedroom Homes for Rent | $1,603 | $1,200 | $2,325 |
| Madison County 5 Bedroom Homes for Rent | $2,099 | $1,599 | $2,600 |
Browse Homes for Rent in Madison County
Explore 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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $250 |
| York Apartments | 621-A | 1BR,1BA | $750 |
| Longfellow Plaza Affordable Senior Community | Studio | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sun Valley Townhomes | Townhouse | 3BR,2.5BA | $0.94 |
| Four Winds Apartments | 3 Bed 1.5 Bath | 3BR,1.5BA | $1.11 |
| 921 W 8th St, Unit B | 921 W 8th St | 3BR,1BA | $0.83 |
| 1522 Main St, Unit 3 | 1522 Main St | 1BR,1BA | $0.92 |
| Hoosier Woods | 2X2 60% | 2BR,2BA | $0.99 |
| 202 E 13th St, Unit 1 | 202 E 13th St | 2BR,1BA | $0.92 |
| 919 W 8th St, Unit B | 919 W 8th St | 1BR,1BA | $0.94 |
| 1108 W 6th St, Unit 2 | 1108 W 6th St | 1BR,1BA | $1.00 |
| 411 N Sheridan St, Unit .5 | 411 N Sheridan St | 2BR,1BA | $1.09 |
| 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 135 Apartments for Rent in Madison County, IN with pricing that ranges from $250 to $1,499. There are also 98 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison County ranging from $575 to $2,800.
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 $575 to $2,800 with an average monthly rent of $1,287.
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 $803 to $1,450, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $2,100. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $865.
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.
