Cheap Apartments for Rent in Madison, IN from $700 (36 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Madison.

close
View Me
Riverside Tower Lofts
1 to 2 Bedroom Apartments

Riverside Tower Lofts

1001 W 2nd StMadison, IN 47250
Senior Living
  • Utilities Included

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.

Read Article

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.

Read Article

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.

Read Article
close
View Me
3 N Madison Ave
1 Bedroom Apartments

3 N Madison Ave

3 N Madison AveHanover, IN 47243

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.

Read Article
Showing Results 1-36, Page 1 of 1

Madison, IN Local Guide

Cheapest Available Madison Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madison, IN is a 1 Bed unit found at Stonebrook of Scottsburg priced from $750. Water's Edge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $771. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Stonebrook of ScottsburgOne Bedroom, One Bath, 650 Sq Ft1BR,1BA$750
Water's EdgeOne Bedroom Reservation List1BR,1BA$771
281 E Main StOne Bed, One Bath1BR,1BA$775
Meadow Creek Townhomes2 Bed2BR,1BA$800
HeathmooreStudio SStudio,1BA$885
Oldham Oaks2 Bedroom2BR,2BA$980
Westport Woods2 Bed 1 Bath2BR,1BA$995
Charlestown FlatsOne Bedroom Flat1BR,1BA$995
Buckner Pointe1 Bedroom1BR,1BA$999
Tracks at Seymour2 Bedroom, 1 Bath, 840 Sq Ft2BR,1BA$1,025

Best Value Apartments for Rent in Madison, IN and Nearby

As of December 08, 2025 the best value apartment in the Madison area is the $1.03 price per square foot The Sycamore Model at Forest Edge Apartments in the in the Outer Southern Indiana Clark County neighborhood starting from $1,570. The second greatest value Madison apartment is the 3 Bedroom Model at Oldham Oaks starting at $1,305 with a $0.97 price per square foot . Here is today’s list of the best values for Madison apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Forest Edge ApartmentsThe Sycamore3BR,2BA$1.03
Oldham Oaks3 Bedroom3BR,2BA$0.97
Maple Brook ApartmentsB - Birchwood2BR,2BA$1.02
Crestwood CommonsThoroughbred2BR,2BA$1.23
Rivers Edge Residences2 Beds, 2 baths2BR,2BA$1.10
Buckner Pointe2 Bedroom2BR,2BA$1.20
Renaissance Park ApartmentsNew Construction Two Bedroom Two Bathroom2BR,2BA$1.22
281 E Main StOne Bed, One Bath1BR,1BA$0.97
Meadow Creek Townhomes2 Bed2BR,1BA$1.07
Water's EdgeOne Bedroom Reservation List1BR,1BA$1.10

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
Decorative image

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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Madison, IN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Madison, IN

View Map
Madison, IN Apartments Map
View Map
Madison, IN Rental Homes Map

Getting Around Madison, IN

Walk Score®

37 / 100

Car-Dependent

Most errands require a car

Bike Score®

34 / 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 $750 at Stonebrook of Scottsburg.

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 $800 at Meadow Creek Townhomes.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at Meadow Creek Townhomes and starts from $900.

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.