Cheap Apartments for Rent in Madison, MD from $400 (18 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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Harrison Ferry
1 to 2 Bedroom Apartments

Harrison Ferry

43 Delaware AveHurlock, MD 21643

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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Federal Manor
1 Bedroom Apartments

Federal Manor

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

Caroline Apartments

205 S 8th StDenton, MD 21629
  • Utilities Included

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.

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 Riverwoods at Denton in the Savannah Overlook neighborhood priced from $465. The Village at Slippery Hill II has the second lowest priced unit, which is a 1 Bed apartment currently listed from $585. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverwoods at Denton2 BR- Phase I & II2BR,1BA$465
The Village at Slippery Hill IIA1 - One Bedroom Apartment1BR,1BA$585
Stone Grove Crossing1 Bedroom1BR,1BA$878
Mulberry Estatestwo bedroom2BR,1BA$1,054
Spring Valley Apartments2BR/2BA2BR,2BA$1,246

Best Value Apartments for Rent in Madison, MD and Nearby

As of June 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 3BR/2BA Model at Spring Valley Apartments starting at $1,561 with a $1.32 price per square foot in the Westbury Single Family 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 Reserves At Belle AyreThree Bedroom3BR,2.5BA$1.14
Spring Valley Apartments3BR/2BA3BR,2BA$1.32
Burnt Oaks2 Bedroom 2 Bath2BR,2BA$1.91
Annapolis Roads2BR 2BA2BR,2BA$1.99
Admiral's Landing2 Bedroom2BR,2BA$1.41
The Residences at River PlaceOne Bedroom1BR,1BA$1.80
Mulberry Estatestwo bedroom2BR,1BA$1.26
Riverwoods at Denton2 BR- Phase I & II2BR,1BA$0.57
Stone Grove Crossing1 Bedroom1BR,1BA$1.14
The Village at Slippery Hill IIA1 - One Bedroom Apartment1BR,1BA$0.81

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

Explore Madison, MD Rentals by Map

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Getting Around Madison, MD

Walk Score®

5 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

27 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 $585 at The Village at Slippery Hill II.

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 $465 at Riverwoods at Denton.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at The Village at Slippery Hill II and starts from $799.

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.