Cheap Homes for Rent in Madison County, IN from $500 (21 Rentals)

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

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.

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property at 21 W 8th St

21 W 8th St

AndersonIN46016
property at 1226 W 13th St

1226 W 13th St

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.

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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.

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Showing Results 1-21, 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. Harter House 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 ListingModel NameBed/BathPriced From
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$250
Harter HouseRoseStudio,1BA$749
York Apartments609-A1BR,1BA$750
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790
Hoosier Woods2X2 60%2BR,2BA$795

Best Value Apartments for Rent in Madison County, IN

As of December 05, 2025 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 Sequoia Model at Stonebrook Townhomes starting at $1,100 with a $0.92 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
Stonebrook TownhomesSequoia3BR,1.5BA$0.92
Hoosier Woods3X2 60%3BR,2BA$0.85
921 W 8th St, Unit B921 W 8th St3BR,1BA$0.83
1522 Main St, Unit 31522 Main St1BR,1BA$0.92
202 E 13th St, Unit 1202 E 13th St2BR,1BA$0.92
919 Walnut St, Unit B919 Walnut St1BR,1BA$0.78
423 E 8th St, Unit A423 E 8th St1BR,1BA$0.69
811 E 29th St, Unit 813811 E 29th St1BR,1BA$0.88
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 142 Apartments for Rent in Madison County, IN with pricing that ranges from $250 to $1,499. There are also 106 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison County ranging from $575 to $2,325.

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 $2,325 with an average monthly rent of $1,201.

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 $790 to $2,150. 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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.