206 N 7th St
North VernonIN47265
Cheap Homes for Rent in Madison, IN from $900 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Madison.
201 Stonebench Cir
JeffersonvilleIN47130
214 Susan Rd
HanoverIN47243
8801 W State Hwy 22
CrestwoodKY40014
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.
5004 Winding Spring Pl
ColdstreamKY40245
291 Agin Way
MiltonKY40045
1104 Lighthouse Dr
JeffersonvilleIN47130
13202 Prospect Glen Way
ProspectKY40059
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.
Showing Results 1-8, Page 1 of 1
Madison, IN Local Guide
Madison-Buildings Around the Old River Town by LuAnn Snawder Photography 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 | $2,093 | $950 | $3,200 |
| Madison 3 Bedroom Homes for Rent | $2,385 | $1,400 | $4,500 |
| Madison 4 Bedroom Homes for Rent | $4,445 | $2,800 | $6,300 |
| Madison 5 Bedroom Homes for Rent | $6,050 | $3,900 | $9,500 |
Browse Top Homes for Rent in Madison
Explore Madison
Madison, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. Gwen Gardens Apartments in the Northern Kentucky neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $810. Here is today’s list of the most affordable Madison apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 217 Hooton Blvd | 1 Bedroom, 1 Bathroom | 1BR,1BA | $800 |
| Gwen Gardens Apartments | One Bedroom | 1BR,1BA | $810 |
| Stonebrook of Scottsburg | One Bedroom, One Bath, 650 Sq Ft | 1BR,1BA | $850 |
Best Value Apartments for Rent in Madison, IN and Nearby
As of May 07, 2026 the best value apartment in the Madison area is the $1.15 price per square foot 2 BR 1.5 Bath with Basement Model at Ravenwood Glen in the starting from $1,650. The second greatest value Madison apartment is the 3 Bedroom Model at Oldham Oaks starting at $1,230 with a $0.91 price per square foot . 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. |
|---|---|---|---|
| Ravenwood Glen | 2 BR 1.5 Bath with Basement | 2BR,1.5BA | $1.15 |
| Oldham Oaks | 3 Bedroom | 3BR,2BA | $0.91 |
| 328 Poplar St, Unit Apt #3 | 328 Poplar St | 2BR,2BA | $1.00 |
| Rivers Edge Residences | 2 Beds, 2 baths | 2BR,2BA | $1.10 |
| Parkside Trace Apartments | 2 BEDROOM 2 BATHROOM NEW CONSTRUCTION | 2BR,2BA | $1.14 |
| Highland Glen | 3B | 3BR,2BA | $1.07 |
| 200 Riverview Dr | 1BR/1BA | 1BR,1BA | $1.10 |
| 410 W 3rd St, Unit 1 | 410 W 3rd St | 1BR,1BA | $1.00 |
| Lakeview | 1 Bedroom 1 Bath | 1BR,1BA | $1.17 |
| 217 Hooton Blvd | 1 Bedroom, 1 Bathroom | 1BR,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.
Read Article
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.
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.
Let everyone know!
Do you know the Madison area?
If you’re an expert on all things Madison, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Madison, IN Rentals by Map
See the most popular apartments and homes in Madison, IN
Frequently Asked Questions about Madison
What type of rentals are currently available in Madison?
There are currently 71 Apartments for Rent in Madison, IN with pricing that ranges from $800 to $3,143. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $950 to $9,500.
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 $950 to $9,500 with an average monthly rent of $3,234.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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.