
Cheap Apartments for Rent in Madison, MN from $400 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Madison.


Sterling Manor Apartments
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The Rock Apartments

Bethel On Bryant

The Nexus

Nyberg Apartments 55+
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Madison, MN Local Guide

How much does it cost to rent an apartment in Madison?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Madison Studio Apartments | $904 | $691 | $1,155 |
Madison 1 Bedroom Apartments | $1,138 | $502 | $1,980 |
Madison 2 Bedroom Apartments | $1,347 | $625 | $1,980 |
Madison 3 Bedroom Apartments | $1,641 | $1,150 | $1,975 |
Madison 4 Bedroom Apartments | $1,546 | $1,350 | $1,695 |
Browse Top Apartments in Madison
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Madison, MN Local Guide
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Cheapest Available Madison Apartments for Rent and Nearby
 The cheapest available apartment rental in Madison, MN is a 1 Bed unit found at Beardsley Apartments priced from $519. RC Square Apartments in the Downtown Marshall neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $625. Here is today’s list of the most affordable Madison apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Beardsley Apartments | One Bedroom | 1BR,1BA | $519 |
RC Square Apartments | 2 Bedroom | 2BR,1BA | $625 |
Sterling Manor Apartments | Studio | Studio,1BA | $691 |
Natures Edge Partners LLC | 1B1B MKT | 1BR,1BA | $701 |
The Nexus | 233 - Studio B/1 BA | Studio,1BA | $795 |
Best Value Apartments for Rent in Madison, MN and Nearby
As of August 04, 2025 the best value apartment in the Madison area is the $1.45 price per square foot 1631 - 3 Bedroom Model at The Plains Apartments in the starting from $1,975. The second greatest value Madison apartment is the 2 Bed Model at 105 Carly Dr starting at $1,425 with a $1.23 price per square foot . Here is today’s list of the best values for Madison apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Plains Apartments | 1631 - 3 Bedroom | 3BR,2BA | $1.45 |
105 Carly Dr | 2 Bed | 2BR,1.5BA | $1.23 |
Somerset Properties | Three Bedroom A - By The Lake | 3BR,2BA | $1.24 |
Marketplace Apartments | 2BR/2.0BA | 2BR,2BA | $1.37 |
Thunder Hawk | Two Bedroom Two Bathroom | 2BR,2BA | $1.36 |
Beardsley Apartments | One Bedroom | 1BR,1BA | $0.58 |
Nyberg Apartments 55+ | 2 Bed | 2BR,1BA | $1.00 |
RC Square Apartments | 2 Bedroom | 2BR,1BA | $0.70 |
Generations on 1st | 1BR/1.0BA | 1BR,1BA | $1.40 |
505 15th Ave SW | 2 bed 1 bath | 2BR,1BA | $1.39 |
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Best Local Schools in Madison, MN
Madison-Marietta-Nassau Elementary
Lac Qui Parle Valley Secondary
Lac Qui Parle Valley Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Madison, MN Rentals by Map
See the most popular apartments and homes in Madison, MN
Getting Around Madison, MN
Walk Score®
45 / 100
Car-Dependent
Most errands require a car
Bike Score®
50 / 100
Bikeable
Some bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 Sterling Manor Apartments listed at $691.
How much is rent for a Cheap One Bedroom Madison Apartment?
The lowest price for a Cheap One Bedroom Madison Apartment is $519 at Beardsley 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 $625 at RC Square Apartments.
What is the most affordable Madison Three Bedroom Apartment?
The best deal on a cheap Madison Three Bedroom Apartment rental is at 1301 24th St NW and starts from $1,150.
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.

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.

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.

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.

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.