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$6001 Bedroom Apartment Available Now
1730 Saint Louis Ave, Unit Bottom Floor
1730 Saint Louis AveEast St. Louis, IL 62205
Cheap Apartments for Rent in Madison, IL from $500 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Madison.
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$620 - $1,920Studio to 4 Bedroom Apartments Available Now
Rivers Edge Apartments
1635 W 1st StGranite City, IL 62040
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$650 - $8001 to 2 Bedroom Apartments Available Now
River Pointe Apartments
9639-9640 Diamond DrSt. Louis, MO 63137
8538 Church Dr
St. LouisMO63147
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$700 - $1,0501 to 2 Bedroom Apartments Available Now
Villa St Cyr Apartments
1045 Villa Saint Cyr PlSt. Louis, MO 63137
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$7002 Bedroom Apartment Available Now
3965 N 21st St, Unit 1st floor
3965 N 21st StSt. Louis, MO 63107
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Rent Specials
$700 - $7851 Bedroom Apartments Available Now
Rivertrail Apartments
849 Rivertrail CtSt. Louis, MO 63137
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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$709 - $8351 to 2 Bedroom Apartments Contact Us For Availability
The New Broadview
5 E BroadwayEast St. Louis, IL 62201
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Rent Specials
$717 - $1,2221 to 3 Bedroom Apartments Available Now
Collins Terrace Apartments
1204 N 8th StSt. Louis, MO 63106
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$7251 Bedroom Apartment Available Now
2009 Bryan Ave, Unit 2009 Apt A, upstairs
2009 Bryan AveGranite City, IL 62040
824 Canaan Ave
St. LouisMO63147
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$850 - $9502 Bedroom Apartments Available Now
College Hill Apartments
2002 Obear AveSt. Louis, MO 63107
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$9002 Bedroom Apartment Available Now
2419 Benton St, Unit 2419 Apt A
2419 Benton StGranite City, IL 62040
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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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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.
Showing Results 1-21, Page 1 of 1
Madison, IL Local Guide
Welcome sign by Mark Goebel is licensed under CC BY 2.0
How much does it cost to rent an apartment in Madison?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison Studio Apartments | $620 | $620 | $620 |
| Madison 1 Bedroom Apartments | $723 | $600 | $1,000 |
| Madison 2 Bedroom Apartments | $952 | $700 | $1,445 |
| Madison 3 Bedroom Apartments | $1,199 | $896 | $1,555 |
| Madison 4 Bedroom Apartments | $1,630 | $1,355 | $1,920 |
Browse Top Apartments in Madison
See all Apartments in MadisonExplore Madison
Madison, IL Local Guide
- Nearby Cities
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- School Districts
Cheapest Available Madison Apartments for Rent and Nearby
The cheapest available apartment rental in Madison, IL is a Studio unit found at Rivers Edge Apartments in the Metro East neighborhood priced from $620. Rivertrail Apartments in the North Point neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Madison apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rivers Edge Apartments | Efficiency | Studio,1BA | $620 |
| Rivertrail Apartments | 1bd | 1BR,1BA | $700 |
| River Pointe Apartments | 1 Bed / 1 Bath | 1BR,1BA | $700 |
| Collins Terrace Apartments | 1 Bedroom Large | 1BR,1BA | $717 |
| College Hill Apartments | Garden Style Apartment | 2BR,1BA | $850 |
Best Value Apartments for Rent in Madison, IL and Nearby
As of November 01, 2025 the best value apartment in the Madison area is the $1.09 price per square foot 3 Bedroom 1.5 Bath Townhome with Garage Model at River Trace Townhomes in the in the North Riverfront neighborhood starting from $1,555. The second greatest value Madison apartment is the Two Bedroom Townhome Model at Villa St Cyr Apartments starting at $1,050 with a $0.77 price per square foot in the North Point neighborhood. Here is today’s list of the best values for Madison apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| River Trace Townhomes | 3 Bedroom 1.5 Bath Townhome with Garage | 3BR,1.5BA | $1.09 |
| Villa St Cyr Apartments | Two Bedroom Townhome | 2BR,1.5BA | $0.77 |
| 2419 Benton St, Unit 2419 Apt A | 2419 Benton St | 2BR,1BA | $0.82 |
| College Hill Apartments | 2 Bedroom Townhouse | 2BR,1.5BA | $0.93 |
| Parsons Place Apartments | 2 Bedroom Townhome Tax Credit*** | 2BR,1.5BA | $1.23 |
| Rivertrail Apartments | 1bd | 1BR,1BA | $1.00 |
| 3965 N 21st St, Unit 1st floor | 3965 N 21st St | 2BR,1BA | $1.00 |
| 2009 Bryan Ave, Unit 2009 Apt A, upstairs | 2009 Bryan Ave | 1BR,1BA | $1.04 |
| River Pointe Apartments | 1 Bed / 1 Bath | 1BR,1BA | $1.08 |
| 1730 Saint Louis Ave, Unit Bottom Floor | 1730 Saint Louis Ave | 1BR,1BA | $1.09 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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Pet Friendly LifestyleMadison, IL
Ranked #10
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Madison, IL Rentals by Map
See the most popular apartments and homes in Madison, IL
Getting Around Madison, IL
Walk Score®
32 / 100
Car-Dependent
Most errands require a car
Bike Score®
38 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $700 at Rivertrail Apartments.
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 $800 at River Pointe Apartments.
What is the most affordable Madison Three Bedroom Apartment?
The best deal on a cheap Madison Three Bedroom Apartment rental is at Collins Terrace Apartments and starts from $896.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.
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.