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$527 - $8351 to 2 Bedroom Apartments Contact Us For Availability
The New Broadview
5 E BroadwayEast St. Louis, IL 62201
Cheap Apartments for Rent in Madison, IL from $500 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in Madison.
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$575Studio Apartment Available Now
1732 Saint Louis Ave, Unit 1732
1732 Saint Louis AveEast St. Louis, IL 62205
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$6001 Bedroom Apartment Available Now
1730 Saint Louis Ave, Unit Bottom Floor
1730 Saint Louis AveEast St. Louis, IL 62205
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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
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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$671 - $1,3921 to 3 Bedroom Apartments Available Now
Collins Terrace Apartments
1204 N 8th StSt. Louis, MO 63106
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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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$705 - $7451 to 2 Bedroom Apartments Contact Us For Availability
Lilac Court Apartments
9805 Lilac DrSt. Louis, MO 63137
2406 State St
Granite CityIL62040
824 Canaan Ave
St. LouisMO63147
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803 Chain of Rocks Dr
St. LouisMO63137
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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The 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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Showing Results 1-19, 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 | $605 | $575 | $620 |
| Madison 1 Bedroom Apartments | $672 | $527 | $1,000 |
| Madison 2 Bedroom Apartments | $957 | $624 | $1,325 |
| Madison 3 Bedroom Apartments | $1,198 | $890 | $1,566 |
| Madison 4 Bedroom Apartments | $1,648 | $1,355 | $1,920 |
Browse Top Apartments in Madison
See all Apartments in MadisonExplore Madison
Madison, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- 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. River Pointe 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 |
| River Pointe Apartments | 1 Bed / 1 Bath | 1BR,1BA | $700 |
| Collins Terrace Apartments | 2 Bedroom Small | 2BR,1BA | $799 |
| College Hill Apartments | 2 Bedroom Townhouse | 2BR,1BA | $850 |
| Metro Apartments at Granite City | Save up to $500 off Move In Costs with your EXC... | 1BR,1BA | $1,000 |
Best Value Apartments for Rent in Madison, IL and Nearby
As of September 08, 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 |
| College Hill Apartments | 2 Bedroom Townhouse | 2BR,1.5BA | $0.83 |
| Parsons Place Apartments | Two Bedroom Garden | 2BR,1BA | $1.54 |
| Collins Terrace Apartments | 2 Bedroom Small | 2BR,1BA | $1.05 |
| Metro Apartments at Granite City | Save up to $500 off Move In Costs with your EXC... | 1BR,1BA | $1.43 |
| River Pointe Apartments | 1 Bed / 1 Bath | 1BR,1BA | $1.08 |
| 1732 Saint Louis Ave, Unit 1732 | 1732 Saint Louis Ave | Studio ,1BA | $1.05 |
| 1730 Saint Louis Ave, Unit Bottom Floor | 1730 Saint Louis Ave | 1BR,1BA | $1.09 |
| Rivers Edge Apartments | Efficiency | Studio ,1BA | $2.14 |
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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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 River Pointe 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 $794 at Collins Terrace 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 $885.
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.
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.
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.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.