
Cheap Homes for Rent in Madison, KS from $600 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Madison.


208-210 Miami St

218 W Central Ave

1504 W 14th Street

244 W 8th Ave
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.

115 W 1st Ave

328 Residence St

742 Wilson Dr

211 W 3rd Ave

125 S Wilson Ave
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, KS 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 | $1,156 | $645 | $1,400 |
| Madison 3 Bedroom Homes for Rent | $1,565 | $1,350 | $1,825 |
| Madison 4 Bedroom Homes for Rent | $1,247 | $1,000 | $1,495 |
| Madison 5 Bedroom Homes for Rent | $2,395 | $2,395 | $2,395 |
Browse Top Homes for Rent in Madison
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Madison, KS Local Guide
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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. Courtyard Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $525. Here is today’s list of the most affordable Madison apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Indian Guide Terrace | 1 BR | 1BR,1BA | $250 |
| Courtyard Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $525 |
| 811 State St | 2x2S | 2BR,2BA | $525 |
Best Value Apartments for Rent in Madison, KS and Nearby
As of June 11, 2026 the best value apartment in the Madison area is the $0.50 price per square foot 4x4.5 Townhome Model at The Collective at Lawrence in the in the Centennial neighborhood starting from $845. The second greatest value Madison apartment is the 3BR2B Model at Riverview Condominiums starting at $1,125 with a $0.85 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. |
|---|---|---|---|
| The Collective at Lawrence | 4x4.5 Townhome | 4BR,4.5BA | $0.50 |
| Riverview Condominiums | 3BR2B | 3BR,2BA | $0.85 |
| 930 N King St, Unit 2 | 930 N King St | 2BR,2BA | $1.05 |
| Brookfield Apartments & Townhomes | 2BR | 2BR,1BA | $0.91 |
| 811 State St | 2x2M | 2BR,2BA | $0.86 |
| Parkview | University 2x1 | 2BR,1BA | $0.84 |
| Bluestem Apartments | Two Bedroom | 2BR,1BA | $0.75 |
| Indian Guide Terrace | 1 BR | 1BR,1BA | $0.43 |
| Courtyard Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.00 |
| Terra Park Apartments | 1 Bedroom 1 Bathroom - Terra Park | 1BR,1BA | $1.11 |
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!
Explore Madison, KS Rentals by Map
See the most popular apartments and homes in Madison, KS
Frequently Asked Questions about Madison
What type of rentals are currently available in Madison?
There are currently 32 Apartments for Rent in Madison, KS with pricing that ranges from $365 to $2,330. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $645 to $2,395.
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 $645 to $2,395 with an average monthly rent of $1,423.
How much are larger Three and Four Bedroom Rentals in Madison?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Madison range from $805 to $2,330, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $1,825. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $730.
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

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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.