Cheap Apartments for Rent in Madison, MD from $400 (15 Rentals)

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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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Harrison Ferry
1 to 2 Bedroom Apartments

Harrison Ferry

43 Delaware AveHurlock, MD 21643

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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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
  • Utilities Included

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.

Madison, MD Local Guide

Cheapest Available Madison Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madison, MD is a 1 Bed unit found at Riverview Gardens in the Savannah Overlook neighborhood priced from $670. Stone Grove Crossing in the Downtown Salisbury neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $878. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverview Gardens1 Bed, 1 bath1BR,1BA$670
Stone Grove Crossing1 Bedroom1BR,1BA$878
Riverwoods at Denton2 BR- Phase III2BR,1BA$900
Mulberry Estatestwo bedroom2BR,1BA$1,054
The Village at Slippery Hill Senior Apartments- 62+A5 - One Bedroom1BR,1BA$1,080

Best Value Apartments for Rent in Madison, MD and Nearby

As of December 27, 2025 the best value apartment in the Madison area is the $1.14 price per square foot Three Bedroom Model at The Reserves At Belle Ayre in the in the Mearfield neighborhood starting from $1,749. The second greatest value Madison apartment is the The Bridgeport Model at Lakeside Run at Trappe starting at $2,435 with a $1.75 price per square foot . 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 Reserves At Belle AyreThree Bedroom3BR,2.5BA$1.14
Lakeside Run at TrappeThe Bridgeport2BR,2BA$1.75
Towns at Pax River, A Linden CommunityTopsail Renovated3BR,2BA$1.36
Spring Valley Apartments3BR/2BA3BR,2BA$1.32
Riverwoods at Denton2 BR- Phase III2BR,1BA$0.78
Oak Hill2 Bedroom Townhouse2BR,1.5BA$1.50
Mulberry Estatestwo bedroom2BR,1BA$1.26
Riverview Gardens1 Bed, 1 bath1BR,1BA$0.87
Stone Grove Crossing1 Bedroom1BR,1BA$1.14
The Village at Slippery Hill Senior Apartments- 62+A5 - One Bedroom1BR,1BA$1.69

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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!

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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 Nautilus Point listed at $1,353.

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 $715 at Riverview Gardens.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at Stone Grove Crossing and starts from $1,227.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!