Cheap Apartments for Rent in Madison, ME from $500 (13 Rentals)

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

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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95-99 Maine Ave
1 to 4 Bedroom Apartments

95-99 Maine Ave

95-99 Maine AveRumford, ME 04276
  • Utilities Included
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347 Ridge Road
Studio to 3 Bedroom Apartments

347 Ridge Road

347 Ridge RoadFairfield, ME 04937
  • Utilities Included

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.

property at 13 Center St

13 Center St

WatervilleME04901

Madison, ME Local Guide

Cheapest Available Madison Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madison, ME is a 2 Beds unit found at 95-99 Maine Ave priced from $800. Mountain View Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
95-99 Maine Ave2 Bed/1 Bath2BR,1BA$800
Mountain View Apartments1x11BR,1BA$850
Mayo Mill2BR2BR,2BA$1,122
Orchard Park Apartments1 Bedroom1BR,1BA$1,325
23 Clinton Ave2 Bedroom2BR,1BA$1,375

Best Value Apartments for Rent in Madison, ME and Nearby

As of September 09, 2025 the best value apartment in the Madison area is the $1.34 price per square foot B112 Model at Mayo Mill in the starting from $1,675. The second greatest value Madison apartment is the 2 Bedroom Model at Stable Ridge Apartments starting at $1,900 with a $1.84 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.
Mayo MillB1122BR,1BA$1.34
Stable Ridge Apartments2 Bedroom2BR,1BA$1.84
The RidgesFurnished 1 BR, 1 BA, Large Office/Den1BR,1BA$2.20
95-99 Maine Ave4 Bed/ 1 Bath4BR,1BA$1.25
23 Clinton Ave2 Bedroom2BR,1BA$1.79
Orchard Park Apartments1 Bedroom1BR,1BA$1.89
13 Center St, Unit 313 Center St1BR,1BA$1.71
Mount Auburn ApartmentsOne Bedroom-AA1BR,1BA$2.38
113 Watson Pond Rd, Unit 1113 Watson Pond Rd1BR,1BA$2.15
Summerhaven Apartments1 Bed, 1 bath1BR,1BA$2.04

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

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Getting Around Madison, ME

Walk Score®

31 / 100

Car-Dependent

Most errands require a car

Bike Score®

32 / 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 $800 at 95-99 Maine Ave.

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 $800 at 95-99 Maine Ave.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at 95-99 Maine Ave and starts from $925.

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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.