Cheap Apartments for Rent in Madison, GA from $500 (62 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

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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Arbor Ridge
Rent Specials
$1,028 - $1,464
Total Monthly Price

Total Monthly Price

Base Rent
$1,028 - $1,464
Total Monthly Price
$1,028 - $1,464
1 to 3 Bedroom Apartments Available Now

Arbor Ridge

150 Chateau TerAthens, GA 30606
Student Housing
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  • Customer Reviewed
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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
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  • Customer Reviewed
  • 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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Park View Apartments
$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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  • 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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Cove at Covington
Rent Specials
$1,422 - $2,697
Total Monthly Price

Total Monthly Price

Base Rent
$1,422 - $2,697
Total Monthly Price
$1,422 - $2,697
Studio to 3 Bedroom Apartments Available Now

Cove at Covington

12301 Town Center BlvdCovington, GA 30014
Luxury
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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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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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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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Madison, GA Local Guide

Cheapest Neighborhoods for Apartments in Madison, GA

Pricing Updated: 07/12/2026

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

NeighborhoodMedian PriceMin PriceAvailable Units
Madison Lakes$3,425$2,5254

Cheapest Available Madison Apartments for Rent

 

The cheapest available apartment rental in Madison, GA is a 1 Bed unit found at Silver Lakes in the Morgan County neighborhood priced from $699. River Club Apartments in the South Lumpkin neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $724. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Silver Lakes1 Bdrm A1BR,1BA$699
River Club Apartments4x44BR,4BA$724
Canaan Crossing2 Bdrm2BR,1BA$737
Grove at Five PointsStudio 280Studio,1BA$773
Mary-Leila LoftsOne Bedroom1BR,1BA$825
Carmichael Commons3 Bedroom 2 Bath3BR,2BA$942
Arbours at CovingtonOne Bedroom1BR,1BA$1,040
Park View Apartments1BR/1BA1BR,1BA$1,115
Leaf Stone ApartmentsBradford1BR,1BA$1,133
Fieldcrest WalkThe Dogwood1BR,1BA$1,170

Best Value Apartments for Rent in Madison, GA

As of July 12, 2026 the best value apartment in the Madison area is the $1.23 price per square foot Danielson Model at The Forum in the in the Glen at Wildwood neighborhood starting from $2,278. The second greatest value Madison apartment is the 3 Bedroom, 2 1/2 Baths Model at Highland Park starting at $1,650 with a $1.03 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 ForumDanielson4BR,2.5BA$1.23
Highland Park3 Bedroom, 2 1/2 Baths3BR,2.5BA$1.03
Porterdale Mill Lofts ResRover1BR,1BA$1.14
The Reserve at Athens4x44BR,4BA$0.46
River Club Apartments4x4 Deluxe4BR,4BA$0.56
Carmichael Commons3 Bedroom 2 Bath3BR,2BA$0.85
Riverbend Club Apartments4BR/2BA (rent is per bedroom)4BR,2BA$0.48
Canaan Crossing2 Bdrm2BR,1.5BA$0.75
Mary-Leila LoftsOne Bedroom1BR,1BA$1.13
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

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 Canaan Crossing and starts from $788.

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 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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.