Cheap Apartments for Rent in Madison County, KY from $500 (18 Rentals)

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

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.

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Pebblecreek Crossing
1 to 2 Bedroom Apartments

Pebblecreek Crossing

418 Big Hill AveRichmond, KY 40475
Senior Living
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Park Place
1 to 2 Bedroom Apartments

Park Place

535 Mahaffey DrRichmond, KY 40475
  • Utilities Included

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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Blue Country Apartments
Studio to 3 Bedroom Apartments

Blue Country Apartments

511-519 Ballard DrRichmond, KY 40475
  • Utilities Included

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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Cheapest Available Madison County Apartments for Rent

 

The cheapest available apartment rental in Madison County, KY is a 1 Bed unit found at Katelyn Court Apartments priced from $595. Pebblecreek Crossing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $724. Here is today’s list of the most affordable Madison County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Katelyn Court Apartments1 Bed, 1 bath1BR,1BA$595
Pebblecreek CrossingOne Bedroom1BR,1BA$724
East Ridge ApartmentsOne Bedroom1BR,1BA$725
Park Place1 Bedroom, 1 Bath1BR,1BA$740
Shawnee Trail ApartmentsOne Bedroom1BR,1BA$741

Best Value Apartments for Rent in Madison County, KY

As of May 19, 2026 the best value apartment in the Madison County area is the $1.40 price per square foot Three Bedroom 2 Bath Cottage Home Model at Legacy Lake Apartments in the starting from $2,100. The second greatest value Madison County apartment is the 3BR/2.5BA Model at 2005 Willow Dr starting at $1,425 with a $1.19 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.
Legacy Lake ApartmentsThree Bedroom 2 Bath Cottage Home3BR,2BA$1.40
2005 Willow Dr3BR/2.5BA3BR,2.5BA$1.19
The Villages at Lake Reba2 BDR / 2BA2BR,2BA$1.32
East Ridge ApartmentsOne Bedroom1BR,1BA$0.81
Reserves of MadisonThe Heritage1BR,1BA$1.10
1040 Brandy LnTwo Bed2BR,1BA$1.25
Pebblecreek CrossingOne Bedroom1BR,1BA$1.03
Ash Park Apartments1 Bedroom1BR,1BA$1.40
Katelyn Court Apartments1 Bed, 1 bath1BR,1BA$1.08
Park Place1 Bedroom, 1 Bath1BR,1BA$1.38

Frequently Asked Questions about Cheap Madison County Apartments

How much is rent for a Cheap One Bedroom Madison County Apartment?

The lowest price for a Cheap One Bedroom Madison County Apartment is $595 at Katelyn Court Apartments.

What is the lowest price for a Cheap Two Bedroom Madison County Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Madison County is starting from $859 at Pebblecreek Crossing.

What is the most affordable Madison County Three Bedroom Apartment?

The best deal on a cheap Madison County Three Bedroom Apartment rental is at 1040 Brandy Ln and starts from $1,000.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.