Cheap Apartments for Rent near Madison, MN from $425 (75 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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property at 1100 Elizabeth Ave SE
$950

Total Monthly Price

Base Rent$950
Total Monthly Price$950
2 Bedroom, 1 Bath Home for Rent
Available Now

1100 Elizabeth Ave SE

WillmarMN56201
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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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Edgeview Apartments
$1,055 - $1,610

Total Monthly Price

Base Rent$995 - $1,550
Required Monthly Fees$60
Total Monthly Price$1,055 - $1,610
1 to 2 Bedroom Apartments Available Now

Edgeview Apartments

1001-1031 30th St NWWillmar, MN 56201
Student Housing
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  • Utilities Included
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The Preserve on 24th
Rent Specials
$1,065 - $1,445

Total Monthly Price

Base Rent$1,065 - $1,445
Total Monthly Price$1,065 - $1,445
Studio to 2 Bedroom Apartments Available Now

The Preserve on 24th

401 24th AveWillmar, MN 56201
Student Housing
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  • Utilities Included
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Valleyside Townhomes
$1,095 - $1,295

Total Monthly Price

Base Rent$1,095 - $1,295
Total Monthly Price$1,095 - $1,295
2 to 3 Bedroom Apartments Contact Us For Availability

Valleyside Townhomes

3149 7th Ave NWWillmar, MN 56201
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  • 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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Block 100 Apartments
$1,145 - $1,595

Total Monthly Price

Base Rent$1,050 - $1,500
Required Monthly Fees$95
Total Monthly Price$1,145 - $1,595
12 Month Lease Term
1 Bedroom Apartments Available Now

Block 100 Apartments

103 W Lyon StMarshall, MN 56258
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Block 25 Lofts
$1,145

Total Monthly Price

Base Rent$1,130
Required Monthly Fees$15
Total Monthly Price$1,145
1 Bedroom Apartments Contact Us For Availability

Block 25 Lofts

103 3rd St SWWillmar, MN 56201
Family Friendly
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Lyon County Apartments
Studio to 1 Bedroom Apartments

Lyon County Apartments

200 S 4th StMarshall, MN 56258
Senior Living
  • 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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806 W 5th St
Studio to 1 Bedroom Apartments

806 W 5th St

806 W 5th StMorris, MN 56267
Corporate Housing
  • Utilities Included
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Lake Place II
1 to 2 Bedroom Apartments

Lake Place II

1421 Lake Ave NWWillmar, MN 56201
  • Utilities Included
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Woodland Park - Ivanhoe
1 to 2 Bedroom Apartments

Woodland Park - Ivanhoe

106 N County Road 5Ivanhoe, MN 56142
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Home Rite Apartments
1 to 2 Bedroom Apartments

Home Rite Apartments

126 1st St SEOrtonville, MN 56278
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Bethel On Bryant
1 to 2 Bedroom Apartments

Bethel On Bryant

419-427 Bryant Ave NWRenville, MN 56284
  • 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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Madison, MN Local Guide

Cheapest Available Madison Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madison, MN is a Studio unit found at Building Three Thirty priced from $425. Mary's Heights Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $455. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Building Three ThirtySmall StudioStudio,1BA$425
Mary's Heights Apartments1 Bed, 1 bath1BR,1BA$455
Beardsley ApartmentsOne Bedroom1BR,1BA$600
Wildwood Apartments1BR/1.0BA1BR,1BA$725
Bethel On BryantRenville - 1/11BR,1BA$745
Suite Liv'N - WillmarStudio 1 BathStudio,1BA$745
Eastside Acres1 Bed, 1 bath1BR,1BA$761
Suite Liv'n - MarshallOne Bedroom1BR,1BA$775
Ghent Housing1 Bed, 1 bath1BR,1BA$920
Circle Pines Apartments1 Bed, 1 bath1BR,1BA$925

Best Value Apartments for Rent in Madison, MN and Nearby

As of September 05, 2026 the best value apartment in the Madison area is the $0.73 price per square foot Two Bedroom Model at Paris Park Townhomes in the in the Downtown Marshall neighborhood starting from $1,180. The second greatest value Madison apartment is the 3 Beds, 2 baths Model at Mary's Heights Apartments starting at $800 with a $0.60 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.
Paris Park TownhomesTwo Bedroom2BR,1.5BA$0.73
Mary's Heights Apartments3 Beds, 2 baths3BR,2BA$0.60
Innovation VillageEnterprise C3BR,2BA$1.43
Campus View2 Bed + 2 Bath2BR,2BA$1.20
Wilkeshire ApartmentsHawthorne2BR,1BA$1.27
Beardsley ApartmentsOne Bedroom1BR,1BA$0.67
Sterling Manor ApartmentsLarge 1 Bedroom1BR,1BA$1.27
Generations on 1st1BR/1.0BA1BR,1BA$1.46
505 15th Ave SW2 bed 1 bath2BR,1BA$1.39
Eastside Acres1 Bed, 1 bath1BR,1BA$1.52

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Quick Rent Budget Calculator

How much rent can you afford?

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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Best Local Schools in
Madison, MN

School data provided by Great Schools

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

Explore Madison, MN Rentals by Map

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See the most popular apartments and homes in Madison, MN

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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 Building Three Thirty listed at $425.

How much is rent for a Cheap One Bedroom Madison Apartment?

The lowest price for a Cheap One Bedroom Madison Apartment is $455 at Mary's Heights 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 $545 at Mary's Heights Apartments.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at Mary's Heights Apartments and starts from $800.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.