2504A Denver St
Granite CityIL62040
Cheap Homes for Rent in Madison, IL from $800 (32 Rentals)
Search the lowest-cost Homes available for rent right now in Madison.
253 Chambers Rd, Unit 655-206
253 Chambers Rd
St. LouisMO63137
2734 Center St
Granite CityIL62040
1908 Rhodes St
MadisonIL62060
10077 Dorothy Ave
St. LouisMO63137
2711 Center St
Granite CityIL62040
2714 Center St
Granite CityIL62040
5711 N Park Dr
East St. LouisIL62204
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.
8526 Lowell St
St. LouisMO63147
10531 Spring Garden Dr
St. LouisMO63137
147 Ben Nevis Rd
St. LouisMO63137
2709 Center St
Granite CityIL62040
8606 Church Dr
St. LouisMO63147
2705 Center St
Granite CityIL62040
831 Harlan Ave
St. LouisMO63147
10058 Dorothy Ave
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.
2747 Washington Ave
Granite CityIL62040
263 Estridge Rd
St. LouisMO63137
2730 Center St
Granite CityIL62040
605 Fremont St
St. LouisMO63147
2722 Center St
Granite CityIL62040
2718 Center St
Granite CityIL62040
413 Shepley Dr
St. LouisMO63137
8456 Lowell St
St. LouisMO63147
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.
416 Lanark Rd
St. LouisMO63137
7 Bradley St
Granite CityIL62040
224 Roderick Dr
St. LouisMO63137
2840 Forest Ave
Granite CityIL62040
10736 Spring Garden Dr
St. LouisMO63137
205 Mc Alpine Dr
St. LouisMO63137
1910 Agnes St
St. LouisMO63107
408 Crawford Rd
St. LouisMO63137
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.
Showing Results 1-32, 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 a home in Madison?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison 2 Bedroom Homes for Rent | $1,028 | $825 | $1,250 |
| Madison 3 Bedroom Homes for Rent | $1,425 | $1,025 | $2,800 |
| Madison 4 Bedroom Homes for Rent | $1,684 | $1,100 | $2,500 |
| Madison 5 Bedroom Homes for Rent | $1,300 | $1,300 | $1,300 |
Browse Top Homes for Rent in Madison
Explore Madison
Madison, IL Local Guide
- Nearby Cities
- ZIP codes
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- School Districts
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 $681. 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 |
|---|---|---|---|
| Collins Terrace Apartments | 1 Bedroom Large | 1BR,1BA | $681 |
| Rivertrail Apartments | 1bd | 1BR,1BA | $700 |
| River Pointe Apartments | 1 Bed / 1 Bath | 1BR,1BA | $700 |
| College Hill Apartments | Garden Style Apartment | 2BR,1BA | $850 |
| Parsons Place Apartments | 1 Bedroom Tax Credit*** | 1BR,1BA | $851 |
| Metro Apartments at Granite City | 1BR/1B | 1BR,1BA | $1,000 |
| Villa Estates | Two Bedroom Townhome | 2BR,1BA | $1,050 |
| Rivers Edge Apartments | 2 BR Apartment | 2BR,1BA | $1,075 |
| River Trace Townhomes | 3 Bedroom 1.5 Bath Townhome with Garage | 3BR,1BA | $1,555 |
Best Value Apartments for Rent in Madison, IL
As of December 20, 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 2 BR Apartment Model at Rivers Edge Apartments starting at $1,075 with a $1.00 price per square foot in the Metro East 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 |
| Rivers Edge Apartments | 2 BR Apartment | 2BR,1BA | $1.00 |
| College Hill Apartments | 2 Bedroom Townhouse | 2BR,1.5BA | $0.93 |
| Villa Estates | Two Bedroom | 2BR,1BA | $1.04 |
| Parsons Place Apartments | 2 Bedroom Townhome Tax Credit*** | 2BR,1.5BA | $1.30 |
| Metro Apartments at Granite City | 1BR/1B | 1BR,1BA | $1.43 |
| Rivertrail Apartments | 1bd | 1BR,1BA | $1.00 |
| Collins Terrace Apartments | 1 Bedroom Large | 1BR,1BA | $1.05 |
| River Pointe Apartments | 1 Bed / 1 Bath | 1BR,1BA | $1.08 |
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 Article
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.
Read ArticleQuick Rent Budget Calculator
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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
Frequently Asked Questions about Madison
What type of rentals are currently available in Madison?
There are currently 201 Apartments for Rent in Madison, IL with pricing that ranges from $620 to $1,920. There are also 81 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $825 to $2,800.
What is the current price range for Rental Homes in Madison?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Madison ranges from $825 to $2,800 with an average monthly rent of $1,282.
How much are larger Three and Four Bedroom Rentals in Madison?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Madison range from $874 to $1,555, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,025 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $1,265.
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
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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.