Cheap Apartments for Rent in Madison, IN from $700 (43 Rentals)

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Riverside Tower Lofts
1 to 2 Bedroom Apartments

Riverside Tower Lofts

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

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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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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3 N Madison Ave
1 Bedroom Apartments

3 N Madison Ave

3 N Madison AveHanover, IN 47243
Showing Results 1-43, 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 ScottsburgA11BR,1BA$750
Water's EdgeOne Bedroom Reservation List1BR,1BA$771
281 E Main StOne Bed, One Bath1BR,1BA$775
Graham Village Apartments2 Bed 1 Bath Apt2BR,1BA$800
Meadow Creek Townhomes2 Bed2BR,1BA$800
Tracks at Seymour1 Bedroom, 1 Bath, 743 Sq Ft1BR,1BA$850
Ashby Apartments1 BEDROOM 1 BATHROOM SMALL1BR,1BA$964
Bishop Place Apartments1 Bed, 1 bath1BR,1BA$1,050
Renaissance Park ApartmentsTwo Bedroom Two Bathroom2BR,2BA$1,095
Sova1 Bedroom1BR,1BA$1,099

Best Value Apartments for Rent in Madison, IN and Nearby

As of July 24, 2025 the best value apartment in the Madison area is the $1.11 price per square foot 3 Bedroom Model at Oldham Oaks in the starting from $1,505. The second greatest value Madison apartment is the The Sequoia Model at Forest Edge Apartments starting at $1,395 with a $1.12 price per square foot in the Outer Southern Indiana Clark County neighborhood. 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.
Oldham Oaks3 Bedroom3BR,2BA$1.11
Forest Edge ApartmentsThe Sequoia2BR,2BA$1.12
Green Valley ApartmentsThe Scenic Lake View2BR,2BA$1.09
Rivers Edge Residences2 Beds, 2 baths2BR,2BA$1.10
Lakeview Apartments2 BEDROOM 2 BATHROOM B2BR,2BA$1.12
Renaissance Park ApartmentsNew Construction Two Bedroom Two Bathroom2BR,2BA$1.18
Graham Village Apartments2 Bed 1 Bath Apt2BR,1BA$0.89
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

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

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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

What is the Cheapest Studio apartment in Madison?

Currently the most affordable Cheap Studio Apartment in Madison is at Livano Springdale listed at $1,521.

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 Graham Village Apartments.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at Graham Village Apartments 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 Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

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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.

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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.