Cheap Apartments for Rent in Madison, GA from $500 (61 Rentals)

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

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Canaan Crossing
1 to 3 Bedroom Apartments

Canaan Crossing

1200 Wheat StMadison, GA 30650
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Silver Lakes
1 to 2 Bedroom Apartments

Silver Lakes

439 W Jefferson StMadison, GA 30650
Senior Living
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Carmichael Commons
1 to 3 Bedroom Apartments

Carmichael Commons

1201 Currybury DrMadison, GA 30650

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Arbours at Covington
$1,040 - $1,540
Total Monthly Price

Total Monthly Price

Base Rent
$1,040 - $1,540
Total Monthly Price
$1,040 - $1,540
1 to 3 Bedroom Apartments Available Now

Arbours at Covington

10544 Highway 36Covington, GA 30014
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Arbor Ridge
Rent Specials
$1,060 - $1,506
Total Monthly Price

Total Monthly Price

Base Rent
$1,060 - $1,506
Total Monthly Price
$1,060 - $1,506
1 to 3 Bedroom Apartments Available Now

Arbor Ridge

150 Chateau TerAthens, GA 30606
Student Housing
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  • Customer Reviewed
  • 3D Tour
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Park View Apartments
Rent Specials
$1,115 - $1,565
Total Monthly Price

Total Monthly Price

Base Rent
$1,115 - $1,565
Total Monthly Price
$1,115 - $1,565
1 to 3 Bedroom Apartments Available Now

Park View Apartments

10920 By Pass RdCovington, GA 30014
Pet Friendly
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  • Customer Reviewed
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Cove at Covington
Rent Specials
$1,299 - $3,049
Total Monthly Price

Total Monthly Price

Base Rent
$1,299 - $3,049
Total Monthly Price
$1,299 - $3,049
Studio to 3 Bedroom Apartments Available Now

Cove at Covington

12301 Town Center BlvdCovington, GA 30014
Luxury
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  • Customer Reviewed
  • 3D Tour

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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Grand Preserve
Rent Specials
$1,634 - $2,009
Total Monthly Price

Total Monthly Price

Base Rent
$1,634 - $2,009
Total Monthly Price
$1,634 - $2,009
1 to 3 Bedroom Apartments Available Now

Grand Preserve

355 The Preserve DrAthens, GA 30606
Pet Friendly
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Alcovy Terrace
1 to 2 Bedroom Apartments

Alcovy Terrace

10144 Henderson DrCovington, GA 30014
Corporate Housing

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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Madison, GA Local Guide

Cheapest Neighborhoods for Apartments in Madison, GA

Pricing Updated: 08/26/2026

Current apartment rentals in the Madison, GA area range in price from $2,525 to $2,525 with an overall median price of $2,525. Here is today’s list neighborhoods with the lowest median pricing for Madison Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Madison Lakes$2,525$2,5254

Cheapest Available Madison Apartments for Rent

 

The cheapest available apartment rental in Madison, GA is a 4 Beds unit found at River Club Apartments in the South Lumpkin neighborhood priced from $654. Silver Lakes in the Morgan County neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
River Club Apartments4x44BR,4BA$654
Silver Lakes1 Bdrm A1BR,1BA$699
Canaan Crossing2 Bdrm2BR,1BA$737
Polo Club Athens4-4thq4BR,4BA$806
University GardenStudioStudio,1BA$823
Mary-Leila LoftsOne Bedroom1BR,1BA$866
Carmichael Commons3 Bedroom 2 Bath3BR,2BA$942
Cambridge ApartmentsThe Lynnwood1BR,1BA$965
Arbours at CovingtonOne Bedroom1BR,1BA$1,040
Park View Apartments1BR/1BA1BR,1BA$1,115

Best Value Apartments for Rent in Madison, GA

As of August 26, 2026 the best value apartment in the Madison area is the $0.39 price per square foot 4x4 Model at The Reserve at Athens in the in the Eastside Athens neighborhood starting from $549. The second greatest value Madison apartment is the 3-3thd Model at Polo Club Athens starting at $834 with a $0.68 price per square foot in the Eastside Athens neighborhood. 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 Reserve at Athens4x44BR,4BA$0.39
Polo Club Athens3-3thd3BR,3BA$0.68
Enclave 425D1-Premium4BR,2BA$0.50
Riverbend Club Apartments2BR/2BA (rent is per bedroom)2BR,2BA$0.67
River Club Apartments2x2 Deluxe2BR,2BA$0.76
Canaan Crossing2 Bdrm2BR,1.5BA$0.75
Carmichael Commons2 Bedroom 1.5 Bath2BR,1.5BA$1.00
Campus Crossings at Abbey West2 Bedroom 2 Bathroom2BR,2BA$0.81
The Redland Apartments2 Bedroom Flat2BR,1BA$0.91
Silver Lakes1 Bdrm A1BR,1BA$0.98

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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

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Frequently Asked Questions about Cheap Madison Apartments

What is the Cheapest Studio apartment in Madison?

Currently the most affordable Cheap Studio Apartment in Madison is at University Garden listed at $823.

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

The lowest price for a Cheap One Bedroom Madison Apartment is $699 at Silver Lakes.

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

Today's best deal for a Cheap Two Bedroom Apartment in Madison is starting from $737 at Canaan Crossing.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at River Club Apartments and starts from $714.

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 Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.