Cheap Apartments for Rent in Madison, MN from $300 (74 Rentals)

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

property at 517 Pleasant Dr

$600

Total Monthly Price

Total Monthly Price

Base Rent
$600
Total Monthly Price
$600

1 Bedroom, 1 Bath Home for Rent

Available Now

517 Pleasant Dr

MadisonMN56256

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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Somerset Properties
Rent Specials
$922 - $1,417
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$922 - $1,417
Total Monthly Price
$922 - $1,417
2 to 3 Bedroom Apartments Available Now

Somerset Properties

1401-1405 19th Ave SEWillmar, MN 56201
  • Verified
  • Utilities Included
  • Low Income
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Edgeview Apartments
Rent Specials
$955 - $1,610
Total Monthly Price

Total Monthly Price

Base Rent
$895 - $1,550
Required Monthly Fees
$60
Total Monthly Price
$955 - $1,610
Studio to 2 Bedroom Apartments Available Now

Edgeview Apartments

1001-1031 30th St NWWillmar, MN 56201
Student Housing
  • Verified
  • Customer Reviewed
  • 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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property at 811 7th St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

811 7th St, Unit 2

811 7th St
BrookingsSD57006
property at 725 6th Ave S

$1,040

Total Monthly Price

Total Monthly Price

Base Rent
$1,040
Total Monthly Price
$1,040

2 Bedroom, 1 Bath Townhome for Rent

Available Oct 1

725 6th Ave S, Unit 13

725 6th Ave S
BrookingsSD57006

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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The Preserve on 24th
Rent Specials
$1,065 - $1,445
Total Monthly Price

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
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 710 18th St S

$1,100

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

710 18th St S

BensonMN56215
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Block 25 Lofts
$1,145 - $1,185
Total Monthly Price

Total Monthly Price

Base Rent
$1,130 - $1,170
Required Monthly Fees
$15
Total Monthly Price
$1,145 - $1,185
1 Bedroom Apartments Available Aug 1

Block 25 Lofts

103 3rd St SWWillmar, MN 56201
  • Verified
  • 3D Tour
property at 350 Mound Ave

$1,150

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

2 Bedroom, 1 Bath Home for Rent

Available Aug 1

350 Mound Ave

BalatonMN56115
property at 513 Elm Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

3 Bedroom, 1 Bath Townhome for Rent

Available Sep 1

513 Elm Ave, Unit 108

513 Elm Ave
BrookingsSD57006

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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Lyon County Apartments
Studio to 1 Bedroom Apartments

Lyon County Apartments

200 S 4th StMarshall, MN 56258
Senior Living
  • Utilities Included
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330 4th St SW
Studio to 1 Bedroom Apartments

330 4th St SW

330 4th St SWWillmar, MN 56201
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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

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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Showing Results 1-50, Page 1 of 2

Madison, MN Local Guide

Cheapest Available Madison Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madison, MN is a 1 Bed unit found at Mary's Heights Apartments priced from $455. Bethel On Bryant has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mary's Heights Apartments1 Bed, 1 bath1BR,1BA$455
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
Cardinal Estates1 Bedroom 1 Bathroom1BR,1BA$840
Nexus Apartments233 - TIF - Studio AStudio,1BA$895
Ghent Housing1 Bed, 1 bath1BR,1BA$920
Somerset PropertiesTwo Bedroom A - Somerset2BR,1BA$922
Circle Pines Apartments1 Bed, 1 bath1BR,1BA$925

Best Value Apartments for Rent in Madison, MN and Nearby

As of July 14, 2026 the best value apartment in the Madison area is the $1.27 price per square foot Voyager H Model at Innovation Village in the in the Downtown Brookings neighborhood starting from $1,820. The second greatest value Madison apartment is the Two Bedroom, Handicap Model at Paris Park Townhomes starting at $1,180 with a $0.85 price per square foot in the Downtown Marshall 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.
Innovation VillageVoyager H3BR,2BA$1.27
Paris Park TownhomesTwo Bedroom, Handicap2BR,1.5BA$0.85
Mary's Heights Apartments3 Beds, 2 baths3BR,2BA$0.60
Somerset PropertiesThree Bedroom - Somerset3BR,2BA$1.10
Campus View4 Bed + 2 Bath4BR,2BA$1.22
Cardinal Estates2 Bedroom 1 Bathroom2BR,1BA$1.09
Wilkeshire ApartmentsKent1BR,1BA$1.12
Sterling Manor ApartmentsLarge 1 Bedroom1BR,1BA$1.27
Bethel On BryantRenville - 1/11BR,1BA$0.96
505 15th Ave SW2 bed 1 bath2BR,1BA$1.39

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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Remember the 3 Rules of Real Estate:
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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 Suite Liv'N - Willmar listed at $745.

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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.