Cheap Apartments for Rent near Madison, MD from $400 (43 Rentals)

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

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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Harrison Ferry
1 to 2 Bedroom Apartments

Harrison Ferry

43 Delaware AveHurlock, MD 21643
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Federal Manor
1 to 2 Bedroom Apartments

Federal Manor

101 Routzahn LnFederalsburg, MD 21632
  • Utilities Included
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Caroline Apartments
1 to 2 Bedroom Apartments

Caroline Apartments

205 S 8th StDenton, MD 21629
Senior Living
  • Utilities Included
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Mulberry Estates
1 to 2 Bedroom Apartments

Mulberry Estates

1020-1070 N Washington StEaston, MD 21601
  • Utilities Included

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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property at 35 Clay St

$1,300 - $2,150

1 To 3 Bedroom Rentals

Available Jan 1, 2027

35 Clay St

EastonMD21601
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Seymour Apartments
1 to 2 Bedroom Apartments

Seymour Apartments

22645 Washington StLeonardtown, MD 20650
Corporate Housing
  • 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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Showing Results 1-43, Page 1 of 1

Madison, MD Local Guide

Cheapest Available Madison Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madison, MD is a 2 Beds unit found at Hudson Townhomes in the Blackwater Landing neighborhood priced from $626. Riverview Gardens in the Savannah Overlook neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $670. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hudson Townhomes2 bed / 2 bath2BR,2BA$626
Riverview Gardens1 Bed, 1 bath1BR,1BA$670
Riverwoods at Denton1 BR w/Den- Phase III1BR,1BA$790
Stone Grove Crossing1 Bedroom1BR,1BA$878
Prospect Heights Apartments3BR 1.5BA3BR,1BA$1,132
Bradford House1 Bed 1 Bath1BR,1BA$1,176
Spring Valley Apartments2BR/2BA2BR,2BA$1,246
The Village at Slippery Hill Senior Apartments- 62+B1 - Two Bedroom2BR,1BA$1,265
Chatham Village ApartmentsI Bedroom Delux1BR,1BA$1,330
Parkside Village Apartments4 Beds, 2 baths4BR,2BA$1,348

Best Value Apartments for Rent in Madison, MD and Nearby

As of July 28, 2026 the best value apartment in the Madison area is the $1.30 price per square foot Topsail Classic Model at Towns at Pax River, A Linden Community in the in the Pegg Run neighborhood starting from $1,675. The second greatest value Madison apartment is the 4 Beds, 2 baths Model at Parkside Village Apartments starting at $1,348 with a $1.10 price per square foot in the Blackwater Landing 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.
Towns at Pax River, A Linden CommunityTopsail Classic3BR,2BA$1.30
Parkside Village Apartments4 Beds, 2 baths4BR,2BA$1.10
Apartments of WildewoodThe Bertram2BR,2BA$1.79
Spring Valley Apartments3BR/2BA3BR,2BA$1.32
Oak Hill2 Bedroom Apartment2BR,2BA$1.35
Riverwoods at Denton1 BR w/Den- Phase III1BR,1BA$0.80
102 B Marlboro Ave1 Bedroom1BR,1BA$1.84
The Village at Slippery Hill Senior Apartments- 62+B1 - Two Bedroom2BR,1BA$1.48
Stone Grove Crossing1 Bedroom1BR,1BA$1.14
Riverview Gardens1 Bed, 1 bath1BR,1BA$0.87

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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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.

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

Explore Madison, MD Rentals by Map

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See the most popular apartments and homes in Madison, MD

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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 $670 at Riverview Gardens.

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 $626 at Hudson Townhomes.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at Prospect Heights Apartments and starts from $1,132.

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.

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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.