Cheap Apartments for Rent in Madison, ME from $700 (55 Rentals)

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

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Edgewater Village
$851 - $972
Total Monthly Price

Total Monthly Price

Base Rent
$851 - $972
Total Monthly Price
$851 - $972
1 Bedroom Apartments Available Now

Edgewater Village

126 Willow Springs DrFarmington, ME 04938
Senior Living
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  • Utilities Included
  • Low Income

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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14 Dinsmore St
$1,125 - $1,350
Total Monthly Price

Total Monthly Price

Base Rent
$1,125 - $1,350
Total Monthly Price
$1,125 - $1,350
1 to 2 Bedroom Apartment Available Now

14 Dinsmore St

14 Dinsmore StSkowhegan, ME 04976
  • Smoke Free
property at 25 Winter St

$1,150 - $1,200

1 Bedroom Rentals

Available Now

25 Winter St

WatervilleME04901
property at 77 North St

$1,200 - $1,450

1 To 2 Bedroom Rentals

Available Now

77 North St

WatervilleME04901

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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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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property at 987 Moody Mountain Rd

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

1 Bedroom, 1 Bath Home for Rent

Available Jul 1

987 Moody Mountain Rd

SearsmontME04973
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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
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6-8 Union St
1 to 3 Bedroom Apartments

6-8 Union St

6-8 Union StWaterville, ME 04901
  • Utilities Included
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Riverview - Maine
1 to 2 Bedroom Apartments

Riverview - Maine

16 Penobscot StAugusta, ME 04330
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23 Clinton Ave
1 to 3 Bedroom Apartments

23 Clinton Ave

23 Clinton AveWinslow, ME 04901
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102 Knox St
2 to 4 Bedroom Apartments

102 Knox St

102 Knox StLewiston, ME 04240

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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The Ridges
1 to 2 Bedroom Apartments

The Ridges

16 Ridge RdHallowell, ME 04347
  • Utilities Included
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263-265 Park St
2 Bedroom Apartments

263-265 Park St

263-265 Park StLewiston, ME 04240
  • Utilities Included
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7-9 Irene St
2 Bedroom Apartments

7-9 Irene St

7-9 Irene StLewiston, ME 04240
  • Utilities Included

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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Showing Results 1-50, Page 1 of 2

Madison, ME Local Guide

Cheapest Available Madison Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madison, ME is a 1 Bed unit found at Mountain View Apartments priced from $850. Edgewater Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $851. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mountain View Apartments1x11BR,1BA$850
Edgewater Village1x11BR,1BA$851
Appleton ApartmentsStudioStudio,1BA$1,050
Summerhaven Apartments1 Bedroom1BR,1BA$1,225
23 Clinton Ave1 Bedroom1BR,1BA$1,250
Lombard Estate1 Bedroom1BR,1BA$1,300
Orchard Park Apartments1 Bedroom1BR,1BA$1,325
Mount Auburn ApartmentsOne Bedroom-AA1BR,1BA$1,428
The Spinning Mill1-Bedroom1BR,1BA$1,650

Best Value Apartments for Rent in Madison, ME and Nearby

As of June 21, 2026 the best value apartment in the Madison area is the $1.67 price per square foot 2 Beds, 1 bath Model at 172 Pinkhams Cove Rd in the starting from $2,000. The second greatest value Madison apartment is the 2 Bedroom Model at Stable Ridge Apartments starting at $1,975 with a $1.91 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.
172 Pinkhams Cove Rd2 Beds, 1 bath2BR,1BA$1.67
Stable Ridge Apartments2 Bedroom2BR,1BA$1.91
Lombard Estate3 Bedroom3BR,2BA$1.75
The Spinning Mill1-Bedroom1BR,1BA$2.00
Orchard Park Apartments1 Bedroom1BR,1BA$1.89
Mount Auburn ApartmentsOne Bedroom-AAN1BR,1BA$2.08
23 Clinton Ave1 Bedroom1BR,1BA$1.92
Summerhaven Apartments1 Bedroom1BR,1BA$2.04
14 Dinsmore St14 Dinsmore St1BR,1BA$1.88
Appleton ApartmentsStudioStudio ,1BA$2.33

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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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 $850 at Mountain View Apartments.

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 $1,025 at Mountain View Apartments.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at Lombard Estate and starts from $1,750.

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

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

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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.

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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.