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

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

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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Madison Heights, VA Local Guide

Cheapest Available Madison Heights Apartments for Rent

 

The cheapest available apartment rental in Madison Heights, VA is a 1 Bed unit found at Elora Gardens Lynchburg in the Tate Springs neighborhood priced from $696. Midpoint Apartments in the College Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $870. Here is today’s list of the most affordable Madison Heights apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Elora Gardens Lynchburg1 Bedroom Medium1BR,1BA$696
Midpoint Apartments1BR/1.0BA1BR,1BA$870
Princeton Circle West ApartmentsContemporary1BR,1BA$890
Midtown Lofts1 Bed 1 Bath1BR,1BA$895
Church Street Townhomes1 Bedroom, 1 Bathroom1BR,1BA$895

Best Value Apartments for Rent in Madison Heights, VA

As of May 27, 2025 the best value apartment in the Madison Heights area is the $1.35 price per square foot 1200 Commerce St Model at 1200 Commerce St, Unit 4 in the in the College Hill neighborhood starting from $2,300. The second greatest value Madison Heights apartment is the Two Bedroom - Loft Model at Piedmont Flour Mill Lofts starting at $1,665 with a $1.09 price per square foot in the Tate Springs neighborhood. Here is today’s list of the best values for Madison Heights apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1200 Commerce St, Unit 41200 Commerce St2BR,2BA$1.35
Piedmont Flour Mill LoftsTwo Bedroom - Loft2BR,2BA$1.09
1025 Church St, Unit A1025 Church St1BR,1.5BA$1.02
Town Center Apartments3 Bed/2 Bath Type 13BR,2BA$1.25
12th & Court Lofts2 Bed, 1.5 Bath2BR,1.5BA$1.48
The Westie in Madison Heights2 BR2BR,2BA$1.45
Midtown Lofts1 Bed 1 Bath1BR,1BA$1.19
Garland Rodes ApartmentsOne Bedroom1BR,1BA$1.47
Princeton Circle West ApartmentsContemporary1BR,1BA$1.19
Midpoint Apartments1BR/1.0BA1BR,1BA$1.45

Quick Rent Budget Calculator

How much rent can you afford?

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Frequently Asked Questions about Madison Heights

What type of rentals are currently available in Madison Heights?

There are currently 96 Apartments for Rent in Madison Heights, VA with pricing that ranges from $495 to $3,200. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison Heights ranging from $525 to $3,495.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Madison Heights ranges from $525 to $3,495 with an average monthly rent of $1,101.

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 Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.