1847 N 56th St
East St. LouisIL62204
Cheap Homes for Rent in Madison, IL from $600 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Madison.
8214 Pelham Ave
St. LouisMO63147
2028 E Prairie Ave
St. LouisMO63107
2251 Delmar Ave
Granite CityIL62040
809 Greenwood St
MadisonIL62060
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.
255 Chambers Rd
St. LouisMO63137
8565 Lowell St
St. LouisMO63147
2317 Grand Ave
Granite CityIL62040
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$9002 Bedroom Apartments Available Now
817 McLaran Ave
817 McLaran AveSt. Louis, MO 63147
563 N 24th St
East St. LouisIL62205
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.
2714 Center St
Granite CityIL62040
605 Fremont St
St. LouisMO63147
1156 Howell St
St. LouisMO63147
719 Thrush Ave
St. LouisMO63147
9943 Lilac 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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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 | $1,129 | $675 | $2,250 |
| Madison 3 Bedroom Homes for Rent | $1,323 | $995 | $1,710 |
| Madison 4 Bedroom Homes for Rent | $1,073 | $925 | $1,295 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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 1 Bed unit found at River Pointe Apartments in the North Point neighborhood priced from $650. Collins Terrace Apartments in the Lafayette Square neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $730. Here is today’s list of the most affordable Madison apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| River Pointe Apartments | 1 Bed / 1 Bath | 1BR,1BA | $650 |
| Collins Terrace Apartments | 2 Bedroom Medium | 2BR,1BA | $730 |
| The Georgetown Apartments | 1 Bed, 1 bath | 1BR,1BA | $775 |
| Parsons Place Apartments | 2 Bedroom Tax Credit*** | 2BR,1BA | $801 |
| Rivertrail Apartments | 1bd | 1BR,1BA | $825 |
Best Value Apartments for Rent in Madison, IL
As of April 19, 2026 the best value apartment in the Madison area is the $1.02 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 $1,455. The second greatest value Madison apartment is the 2030 E Fair Ave Model at 2030 E Fair Ave, Unit 2nd floor starting at $1,250 with a $1.04 price per square foot in the Lewis Place 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 | $1.02 |
| 2030 E Fair Ave, Unit 2nd floor | 2030 E Fair Ave | 2BR,1BA | $1.04 |
| College Hill Apartments | 2 Bedroom | 2BR,1.5BA | $0.95 |
| Parsons Place Apartments | Two Bedroom Garden | 2BR,1BA | $1.54 |
| Collins Terrace Apartments | 2 Bedroom Basement Unit | 2BR,1BA | $1.00 |
| River Pointe Apartments | 2 Bed / 1 Bath | 2BR,1BA | $0.87 |
| Rivertrail Apartments | 1bd | 1BR,1BA | $1.18 |
| The Georgetown Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.48 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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 ArticleThe 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 ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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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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 209 Apartments for Rent in Madison, IL with pricing that ranges from $625 to $1,950. There are also 66 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $650 to $2,250.
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 $650 to $2,250 with an average monthly rent of $1,099.
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 $907 to $1,545, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $1,710. Four Bedroom Single-Family rentals are also available starting from $925 and Four Bedroom Apartments start at $1,385.
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
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.