Cheap Apartments for Rent in Madison, KS from $400 (32 Rentals)

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

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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property at 524 Neosho St

524 Neosho St

BurlingtonKS66839

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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Showing Results 1-32, Page 1 of 1

Madison, KS Local Guide

Cheapest Available Madison Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madison, KS is a 1 Bed unit found at Indian Guide Terrace priced from $250. Parkview has the second lowest priced unit, which is a Studio apartment currently listed from $400. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Indian Guide Terrace1 BR1BR,1BA$250
ParkviewUniversity 1x1Studio,2BA$400
Village/Campus/College ApartmentsMarket Manor2BR,1BA$410
Bluestem ApartmentsTwo Bedroom2BR,1BA$538
811 State St1x11BR,1BA$540
Terra Park Apartments1 Bedroom 1 Bathroom - Terra Park1BR,1BA$551
The Landing LawrenceD1 - 4x44BR,4BA$700
Four Seasons0X1-ERStudio,1BA$708
Brookfield Apartments & Townhomes1BR1BR,1BA$737

Best Value Apartments for Rent in Madison, KS and Nearby

As of June 24, 2025 the best value apartment in the Madison area is the $0.67 price per square foot 3x3.5 Cottage Model at The Collective at Lawrence in the in the Centennial neighborhood starting from $895. The second greatest value Madison apartment is the 3 Bed 2 Bath Model at Union at the Loop starting at $1,250 with a $1.13 price per square foot in the Centennial 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.
The Collective at Lawrence3x3.5 Cottage3BR,3.5BA$0.67
Union at the Loop3 Bed 2 Bath3BR,2BA$1.13
The Landing LawrenceC1 - 3x33BR,3BA$0.79
811 State St2x2L2BR,2BA$0.83
Riverview Condominiums2BR1B2BR,1BA$0.86
Bluestem ApartmentsTwo Bedroom2BR,1BA$0.67
Brookfield Apartments & Townhomes1BR1BR,1.5BA$1.05
Indian Guide Terrace1 BR1BR,1BA$0.43
Terra Park Apartments1 Bedroom 1 Bathroom - Terra Park1BR,1BA$1.11
ParkviewUniversity 1x1Studio ,2BA$1.03

Quick Rent Budget Calculator

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

Explore Madison, KS Rentals by Map

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See the most popular apartments and homes in Madison, KS

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Getting Around Madison, KS

Walk Score®

18 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

32 / 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 Parkview listed at $400.

How much is rent for a Cheap One Bedroom Madison Apartment?

The lowest price for a Cheap One Bedroom Madison Apartment is $250 at Indian Guide Terrace.

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 $410 at Village/Campus/College Apartments.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at Parkview and starts from $950.

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.

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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.

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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.