1906 Rhodes St
MadisonIL62060
Cheap Apartments for Rent in Madison, IL from $625 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in Madison.
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$625 - $1,950Studio to 4 Bedroom Apartments Available Oct 22
Rivers Edge Apartments
1635 W 1st StGranite City, IL 62040
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$700 - $1,0001 to 2 Bedroom Apartments Contact Us For Availability
Villa Estates
1045 Villa Saint Cyr PlSt. Louis, MO 63137
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Rent Specials
$720 - $1,6381 to 3 Bedroom Apartments Available Now
Collins Terrace Apartments
1204 N 8th StSt. Louis, MO 63106
8534-8536 N Broadway
St. LouisMO63147
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$800 - $9501 to 2 Bedroom Apartments Available Now
River Pointe Apartments
9639-9640 Diamond DrSt. Louis, MO 63137
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$801 - $1,5662 to 3 Bedroom Apartments Available Sep 25
Parsons Place
1060 N 18th StEast St. Louis, IL 62205
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$825 - $9601 to 2 Bedroom Apartments Available Now
Rivertrail Apartments
849 Rivertrail CtSt. Louis, MO 63137
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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$825 - $1,0451 to 2 Bedroom Apartments Available Now
The Georgetown Apartments
3207 Maryville RdGranite City, IL 62040
2108 Washington
MitchellIL62040
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$9702 Bedroom Apartments Available Soon
College Hill Apartments
1515 E Grand BlvdSt. Louis, MO 63107
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$9702 Bedroom Apartments Available Now
College Hill Apartments
2002 Obear AveSt. Louis, MO 63107
8538 N Broadway
St. LouisMO63147
3224 Wayne Ave
Granite CityIL62040
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$1,000 - $1,2001 to 2 Bedroom Apartments Available Now
Metro Apartments at Granite City
4078 Kathy DrGranite City, IL 62040
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1 to 2 Bedroom Apartments
Ridgeview Apartments
9640 Diamond DrSt. Louis, MO 63137
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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1 Bedroom Apartments
8518 N Broadway
8518 N BroadwaySt. Louis, MO 63147
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1 to 2 Bedroom Apartments
620 Chain Of Rocks Rd
620 Chain Of Rocks RdSt. Louis, MO 63137
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1 to 4 Bedroom Apartments
Cambridge Heights Apartments I & II
703 Ofallon StSt. Louis, MO 63106
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1 to 2 Bedroom Apartments
Edison Ave. Lofts
2001 Edison AveGranite City, IL 62040
556 Wimmer Pl
East St. LouisIL62205
541 N 27th St
East St. LouisIL62205
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1 to 2 Bedroom Apartments
Riverview Park Place Apartments
10056-10058 Toelle LnSt. Louis, MO 63137
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1 Bedroom Apartments
Sandalwood Apartments
8404 Hallsferry RdSt. Louis, MO 63147
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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1 to 2 Bedroom Apartments
Lilac Court Apartments
9805 Lilac DrSt. Louis, MO 63137
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1 to 2 Bedroom Apartments
The New Broadview
5 E BroadwayEast St. Louis, IL 62201
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1 to 2 Bedroom Apartments
Broadway Park Apartments
819-843 Gustav AveSt. Louis, MO 63147
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Studio to 2 Bedroom Apartments
Lookaway Heights Apartments
10613 Lookaway DrSt. Louis, MO 63137
1510 23rd St
Granite CityIL62040
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1 to 2 Bedroom Apartments
Jackson Park Apartments
1220 Warren StSt. Louis, MO 63106
2108 Washington St
MitchellIL62040
8606 Church Dr
St. LouisMO63147
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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2 Bedroom Apartments
1527 E Grand Blvd
1527 E Grand BlvdSt. Louis, MO 63107
1910 Agnes St
St. LouisMO63107
Showing Results 1-34, 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 |
|---|---|---|---|
| Cheap Madison Studio Apartments | $625 | $625 | $625 |
| Cheap Madison 1 Bedroom Apartments | $894 | $700 | $1,450 |
| Cheap Madison 2 Bedroom Apartments | $1,102 | $785 | $1,445 |
| Cheap Madison 3 Bedroom Apartments | $1,267 | $986 | $1,566 |
| Cheap Madison 4 Bedroom Apartments | $1,627 | $1,385 | $1,950 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Madison
See all Apartments in MadisonExplore Madison
Madison, IL Local Guide
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Cheapest Available Madison Apartments for Rent
The cheapest available apartment rental in Madison, IL is a 1 Bed unit found at Collins Terrace Apartments in the Lafayette Square neighborhood priced from $724. River Pointe Apartments in the Baden neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Madison apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Collins Terrace Apartments | 1 Bedroom Large | 1BR, 1BA | $724 |
| River Pointe Apartments | 1 Bed / 1 Bath | 1BR, 1BA | $800 |
| The Georgetown Apartments | 1 BEDROOM | 1BR, 1BA | $825 |
| Rivertrail Apartments | 1bd CR | 1BR, 1BA | $825 |
| College Hill Apartments | 2 Bedroom | 2BR, 1BA | $970 |
| Metro Apartments at Granite City | 1BR/1B | 1BR, 1BA | $1,000 |
| River Trace Townhomes | 3 Bedroom 1.5 Bath Townhome with Garage | 3BR, 1BA | $1,255 |
Best Value Apartments for Rent in Madison, IL
As of September 24, 2026 the best value apartment in the Madison area is the $0.88 price per square foot 3 Bedroom 1.5 Bath Townhome with Garage Model at River Trace Townhomes in the North Riverfront neighborhood starting from $1,255. The second greatest value Madison apartment is the 2 Bedroom Model at College Hill Apartments in the Old North St. Louis neighborhood starting at $970 with a $0.95 price per square foot. 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 | $0.88 |
| College Hill Apartments | 2 Bedroom | 2BR, 1.5BA | $0.95 |
| 3965 N 21st St | 3965 N 21st St | 3BR, 1BA | $1.14 |
| Rivertrail Apartments | 1bd | 1BR, 1BA | $1.18 |
| River Pointe Apartments | 1 Bed / 1 Bath | 1BR, 1BA | $1.23 |
| The Georgetown Apartments | 1 BEDROOM | 1BR, 1BA | $1.57 |
| Collins Terrace Apartments | 1 Bedroom Small | 1BR, 1BA | $1.35 |
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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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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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Quick Rent Budget Calculator
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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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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
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 $677 at Collins Terrace 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 $785 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 $986.
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
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.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
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.