Cheap Apartments for Rent in Madison, IN from $600 (67 Rentals)

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

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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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Crowne at the Summit
Rent Specials
$1,203 - $1,884
Total Monthly Price

Total Monthly Price

Base Rent
$1,203 - $1,884
Total Monthly Price
$1,203 - $1,884
1 to 3 Bedroom Apartments Available Now

Crowne at the Summit

4301 Crowne Springs DrLouisville, KY 40241
Corporate Housing
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  • Customer Reviewed
  • 3D Tour

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.

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Water's Edge
1 to 3 Bedroom Apartments

Water's Edge

20 Red Oak WayAustin, IN 47102
  • Utilities Included
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281 E Main St
1 Bedroom Apartments

281 E Main St

281 E Main StHanover, IN 47243
  • Utilities Included
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Gwen Gardens Apartments
1 to 2 Bedroom Apartments

Gwen Gardens Apartments

892 Bea Scott DrWarsaw, KY 41095
Senior Living
  • Utilities Included
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Cedar Springs
1 to 2 Bedroom Apartments

Cedar Springs

501 Cedar Springs PlLa Grange, KY 40031
  • 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.

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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 217 Hooton Blvd priced from $800. Oldham Oaks has the second lowest priced unit, which is a 2 Beds apartment currently listed from $905. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
217 Hooton Blvd1 Bedroom, 1 Bathroom1BR,1BA$800
Oldham Oaks2 Bedroom2BR,2BA$905
Ashby1 Bedroom 1 Bathroom - Small1BR,1BA$937
HeathmooreOne Bed One Bath Standard1BR,1BA$975
Green Valley ApartmentsThe Sunrise2BR,1BA$995
Charlestown FlatsOne Bedroom Flat1BR,1BA$995
Springhurst East Apartments2 Bedroom 1 Bathroom Large2BR,1BA$1,033
Parkside Trace Apartments1 BEDROOM 1 BATHROOM NEW CONSTRUCTION1BR,1BA$1,050
Burkart Crossing ApartmentsCortland1BR,1BA$1,092
Renaissance Park ApartmentsNew Construction Two Bedroom Two Bathroom2BR,2BA$1,095

Best Value Apartments for Rent in Madison, IN and Nearby

As of July 23, 2026 the best value apartment in the Madison area is the $1.00 price per square foot 2BR/2BA Model at 200 Riverview Dr in the in the Gallatin County neighborhood starting from $1,500. The second greatest value Madison apartment is the Stallion Model at Crestwood Commons starting at $1,795 with a $1.22 price per square foot in the East End 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.
200 Riverview Dr2BR/2BA2BR,2BA$1.00
Crestwood CommonsStallion3BR,2BA$1.22
Crowne at the Summit3 Ambassador Renovated3BR,2BA$1.18
Oldham Oaks3 Bedroom3BR,2BA$0.91
Rivers Edge Residences2 Beds, 2 baths2BR,2BA$1.10
Lakeview2 Bedroom 2 Bath - B2BR,2BA$1.07
Green Valley ApartmentsThe Sunrise2BR,1BA$1.00
Springhurst East Apartments2 Bedroom 1 Bathroom Large2BR,1BA$1.09
Renaissance Park ApartmentsTwo Bedroom Two Bathroom2BR,2BA$1.22
217 Hooton Blvd1 Bedroom, 1 Bathroom1BR,1BA$1.05

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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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

Explore Madison, IN Rentals by Map

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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 $800 at 217 Hooton Blvd.

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 $905 at Oldham Oaks.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at Oldham Oaks and starts from $1,230.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.