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from $6051 to 3 Bedroom Apartments Available Now
Collins Terrace Apartments
1204 N 8th StSt. Louis, MO 63106
Cheap Apartments for Rent in Madison, IL from $500 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in Madison.
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from $620Studio to 4 Bedroom Apartments Available Now
Rivers Edge Apartments
1635 W 1st StGranite City, IL 62040
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from $6501 to 2 Bedroom Apartments Available Now
River Pointe Apartments
9639-9640 Diamond DrSt. Louis, MO 63137
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from $7051 to 2 Bedroom Apartments Available Jul 1
Lilac Court Apartments
9805 Lilac DrSt. Louis, MO 63137
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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from $7091 to 2 Bedroom Apartments Available Now
The New Broadview
5 E BroadwayEast St. Louis, IL 62201
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from $8752 Bedroom Apartment Available Now
336 Christian Ave, Unit 2F
336 Christian AveSt. Louis, MO 63147
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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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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 | $763 | $605 | $1,500 |
| Madison 2 Bedroom Apartments | $1,033 | $745 | $1,445 |
| Madison 3 Bedroom Apartments | $1,287 | $699 | $1,566 |
| Madison 4 Bedroom Apartments | $1,559 | $1,350 | $1,920 |
Browse Top Apartments in Madison
See all Apartments in MadisonExplore Madison
Madison, IL Local Guide
- Nearby Cities
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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 Near North Riverfront neighborhood priced from $620. Collins Terrace Apartments in the Lafayette Square neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $649. 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 |
| Collins Terrace Apartments | 1 Bedroom Large | 1BR,1BA | $649 |
| River Pointe Apartments | 1 Bed / 1 Bath | 1BR,1BA | $700 |
| The New Broadview | 1a1tG | 1BR,1BA | $709 |
| College Hill Apartments | 2 Bedroom Townhouse | 2BR,1BA | $850 |
Best Value Apartments for Rent in Madison, IL and Nearby
As of June 19, 2025 the best value apartment in the Madison area is the $0.76 price per square foot 2026 E Adelaide Ave Model at 2026 E Adelaide Ave, Unit Downstairs in the in the Lewis Place neighborhood starting from $1,100. The second greatest value Madison apartment is the 3 Bedroom 1.5 Bath Townhome with Garage Model at River Trace Townhomes starting at $1,495 with a $1.04 price per square foot in the North Riverfront 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. |
|---|---|---|---|
| 2026 E Adelaide Ave, Unit Downstairs | 2026 E Adelaide Ave | 2BR,1BA | $0.76 |
| River Trace Townhomes | 3 Bedroom 1.5 Bath Townhome with Garage | 3BR,1.5BA | $1.04 |
| 2221 Benton St, Unit 2221 | 2221 Benton St | 3BR,1BA | $0.91 |
| College Hill Apartments | 2 Bedroom Townhouse | 2BR,1.5BA | $0.83 |
| 336 Christian Ave, Unit 2F | 336 Christian Ave | 2BR,1BA | $0.87 |
| 844 Canaan Ave, Unit 2nd Floor | 844 Canaan Ave | 2BR,1BA | $1.03 |
| 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 |
| Collins Terrace Apartments | 1 Bedroom Large | 1BR,1BA | $1.20 |
| The New Broadview | 1a1tADA | 1BR,1BA | $1.32 |
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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
Madison, IL Apartments MapMadison, IL Rental Homes MapGetting 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 $649 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 $767 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 $946.
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.
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.
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.
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.
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.