
Cheap Homes for Rent in Madison, IN from $900 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Madison.


312 Apple Tree Ln

210 5th St

311 S Obrien St

212 Susan Rd

2109 N Hickory Cir
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.

2113 N Hickory Cir

1811 Edgewood Dr

8801 W State Hwy 22

549 S Gum St

10401 Trotters Pointe Dr

4957 Winding Spring Cir
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.
Madison, IN Local Guide

How much does it cost to rent a home in Madison?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison 2 Bedroom Homes for Rent | $1,690 | $900 | $2,300 |
| Madison 3 Bedroom Homes for Rent | $2,276 | $1,000 | $4,500 |
| Madison 4 Bedroom Homes for Rent | $3,603 | $2,300 | $5,500 |
| Madison 5 Bedroom Homes for Rent | $6,750 | $4,750 | $9,500 |
Browse Top Homes for Rent in Madison
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Madison, IN Local Guide
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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 $749. 217 Hooton Blvd has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Madison apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stonebrook of Scottsburg | One Bedroom, One Bath, 650 Sq Ft | 1BR,1BA | $749 |
| 217 Hooton Blvd | 1 Bedroom, 1 Bathroom | 1BR,1BA | $800 |
| Gwen Gardens Apartments | One Bedroom | 1BR,1BA | $810 |
| Cedar Springs | Open Floor Plan 1 Bedroom | 1BR,1BA | $895 |
| Tracks at Seymour | 1 Bedroom, 1 Bath, 743 Sq Ft | 1BR,1BA | $904 |
Best Value Apartments for Rent in Madison, IN and Nearby
As of June 21, 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 Northern Kentucky 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 200 Riverview Dr | 2BR/2BA | 2BR,2BA | $1.00 |
| Crestwood Commons | Stallion | 3BR,2BA | $1.22 |
| Oldham Oaks | 3 Bedroom | 3BR,2BA | $0.91 |
| Rivers Edge Residences | 2 Beds, 2 baths | 2BR,2BA | $1.10 |
| Green Valley Apartments | The Sunrise | 2BR,1BA | $1.00 |
| Springhurst East Apartments | 2 Bedroom 1 Bathroom Large | 2BR,1BA | $1.09 |
| Tracks at Seymour | 2 Bedroom, 1 Bath, 840 Sq Ft | 2BR,1BA | $1.22 |
| Lakeview | 1 Bedroom 1 Bath | 1BR,1BA | $1.17 |
| 217 Hooton Blvd | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.05 |
| Stonebrook of Scottsburg | One Bedroom, One Bath, 650 Sq Ft | 1BR,1BA | $1.15 |
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 ArticleReal 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 70 Apartments for Rent in Madison, IN with pricing that ranges from $699 to $3,284. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $900 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 $900 to $9,500 with an average monthly rent of $3,113.
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

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.

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.