Cheap Homes for Rent in Madison County, IN from $500 (18 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Done

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.

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.

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.

Cheapest Available Madison County Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$250

Best Value Apartments for Rent in Madison County, IN

As of February 07, 2026 the best value apartment in the Madison County area is the $0.73 price per square foot 3 Bedroom 1.5 Bath - 32867 Model at BGP Country Club Estates, LLC in the starting from $1,080. The second greatest value Madison County apartment is the Stonebrook Model at Stonebrook Townhomes starting at $1,230 with a $0.86 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.
BGP Country Club Estates, LLC3 Bedroom 1.5 Bath - 328673BR,1.5BA$0.73
Stonebrook TownhomesStonebrook3BR,1.5BA$0.86
202 W 3rd St, Unit 1202 W 3rd St3BR,1BA$0.79
2331 Broadway St, Unit .52331 Broadway St3BR,2BA$0.91
921 W 8th St, Unit B921 W 8th St3BR,1BA$0.83
1522 Main St, Unit 31522 Main St1BR,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
330 E 12th St, Unit 4330 E 12th St1BR,1BA$0.85
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 178 Apartments for Rent in Madison County, IN with pricing that ranges from $250 to $1,650. There are also 98 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison County ranging from $575 to $2,495.

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 $2,495 with an average monthly rent of $1,382.

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 $900 to $2,199. Four Bedroom Single-Family rentals are also available starting from $1,150 and Four Bedroom Apartments start at $865.

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 Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.