4115 N Florissant Ave
St. LouisMO63107
Cheap Homes for Rent in Madison, IL from $600 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Madison.
910 Washington St
MadisonIL62060
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.
10012 Stimson Dr
St. LouisMO63137
2214 Edison Ave
Granite CityIL62040
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.
1908 Rhodes St
MadisonIL62060
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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 a home in Madison?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison 2 Bedroom Homes for Rent | $1,119 | $950 | $1,400 |
| Madison 3 Bedroom Homes for Rent | $1,331 | $1,100 | $1,620 |
| Madison 4 Bedroom Homes for Rent | $1,311 | $1,050 | $1,600 |
Browse Top Homes for Rent in Madison
Explore 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 Studio unit found at Rivers Edge Apartments in the Metro East 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 $684. 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 | $684 |
| River Pointe Apartments | 1 Bed / 1 Bath | 1BR,1BA | $700 |
Best Value Apartments for Rent in Madison, IL
As of July 23, 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 |
| Villa St Cyr Apartments | Two Bedroom Townhome | 2BR,1.5BA | $0.81 |
| College Hill Apartments | 2 Bedroom Townhouse | 2BR,1.5BA | $0.83 |
| 336 Christian Ave, Unit 2F | 336 Christian Ave | 2BR,1BA | $0.87 |
| 3965 N 21st St | 3965 N 21st St | 3BR,1BA | $1.15 |
| River Pointe Apartments | 1 Bed / 1 Bath | 1BR,1BA | $1.08 |
| 2704 Idaho Ave, Unit 2 | 2704 Idaho Ave | 1BR,1BA | $1.00 |
| Lilac Court Apartments | 1 Bedroom Garden | 1BR,1BA | $1.23 |
| 1730 Saint Louis Ave, Unit Bottom Floor | 1730 Saint Louis Ave | 1BR,1BA | $1.09 |
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Frequently Asked Questions about Madison
What type of rentals are currently available in Madison?
There are currently 202 Apartments for Rent in Madison, IL with pricing that ranges from $527 to $1,920. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $695 to $1,620.
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 $695 to $1,620 with an average monthly rent of $1,142.
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 $750 to $1,525, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $1,620. Four Bedroom Single-Family rentals are also available starting from $1,050 and Four Bedroom Apartments start at $1,355.
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.