Cheap Homes for Rent in Madison, FL from $500 (11 Rentals)

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

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.

Madison, FL Local Guide

Cheapest Available Madison Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madison, FL is a 1 Bed unit found at Preston Place Apartments priced from $599. The Gables of St. Augustine has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Preston Place Apartments1 Bedroom1BR,1BA$599
The Gables of St. AugustineStudioStudio,1BA$800
Ashton Meadows1 Bed, 1 bath1BR,1BA$834
Prosper Azalea CityA1L1BR,1BA$849
Lakeside Lakeview1 Bedroom, 1Bath view1BR,1BA$900

Best Value Apartments for Rent in Madison, FL and Nearby

As of September 12, 2025 the best value apartment in the Madison area is the $1.12 price per square foot Azalea Model at The Gardens in the starting from $2,070. The second greatest value Madison apartment is the The Pendleton Renovated Model at The Grand at Lake Sheri starting at $1,280 with a $1.07 price per square foot . Here is today’s list of the best values for Madison apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The GardensAzalea3BR,2.5BA$1.12
The Grand at Lake SheriThe Pendleton Renovated3BR,3BA$1.07
Baytree CondominiumsDownstairs 2x2 with Side Patio2BR,2BA$1.09
Bradley Bowen Townhomes2 Bed / 2.5 Bath Townhome2BR,2.5BA$1.19
The AveryTwo Bedroom Two Bath2BR,2BA$1.03
Castlewood Apartments2 Bedroom2BR,2BA$0.95
The Gates - Student Housing2BR/2BA Standard2BR,2BA$0.66
Seth Place2BD/2.5B2BR,2.5BA$1.12
The Retreat at Pineview1x11BR,1BA$1.10
Preston Place Apartments1 Bedroom1BR,1BA$0.74

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Madison

What type of rentals are currently available in Madison?

There are currently 53 Apartments for Rent in Madison, FL with pricing that ranges from $599 to $2,070. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $550 to $3,500.

What is the current price range for Rental Homes in Madison?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Madison ranges from $550 to $3,500 with an average monthly rent of $1,622.

How much are larger Three and Four Bedroom Rentals in Madison?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Madison range from $669 to $2,070, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $1,262.

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.

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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.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.