2004 Derdall Dr
BrookingsSD57006
Cheap Homes for Rent in Madison, MN from $500 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Madison.
322 3rd Ave
MadisonMN56256
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.
179 8th St NE
WatertownSD57201
241 E Ronning Ave
AppletonMN56208
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.
516 15th St N
BensonMN56215
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Madison, MN Local Guide
Sunset at the Buffalo Ridge wind farm by Nic McPhee is licensed under CC BY 2.0
How much does it cost to rent a home in Madison?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison 2 Bedroom Homes for Rent | $1,600 | $1,300 | $1,850 |
| Madison 3 Bedroom Homes for Rent | $1,597 | $525 | $2,500 |
| Madison 4 Bedroom Homes for Rent | $1,328 | $950 | $1,595 |
| Madison 5 Bedroom Homes for Rent | $2,100 | $2,100 | $2,100 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Madison
Explore Madison
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 |
Best Value Apartments for Rent in Madison, MN and Nearby
As of September 11, 2025 the best value apartment in the Madison area is the $1.04 price per square foot 2 Bed Model at 105 Carly Dr in the starting from $1,200. The second greatest value Madison apartment is the 235 - 3 BR/1 BA Model at The Nexus starting at $1,495 with a $1.33 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 105 Carly Dr | 2 Bed | 2BR,1.5BA | $1.04 |
| The Nexus | 235 - 3 BR/1 BA | 3BR,1BA | $1.33 |
| Wilkeshire Apartments | 1080 sf 2b/1b | 2BR,1BA | $1.11 |
| Marketplace Apartments | K | 2BR,2BA | $1.39 |
| Thunder Hawk | Two Bedroom One Bathroom | 2BR,1BA | $1.36 |
| Beardsley Apartments | One Bedroom | 1BR,1BA | $0.58 |
| RC Square Apartments | 2 Bedroom | 2BR,1BA | $0.70 |
| Generations on 1st | 1BR/1.0BA | 1BR,1BA | $1.40 |
| Block 100 | One Bedroom | 1BR,1BA | $1.50 |
| Somerset Properties | One Bedroom + Den - By The Lake | 1BR,1BA | $1.49 |
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Best Local Schools in Madison, MN
Madison-Marietta-Nassau Elementary
Lac Qui Parle Valley School Dist.
Public School - Grades PK-4 (140)
4 out of 10
Lac Qui Parle Valley Secondary
Lac Qui Parle Valley School Dist.
Public School - Grades 7-12 (334)
6 out of 10
Lac Qui Parle Valley Middle School
Lac Qui Parle Valley School Dist.
Public School - Grades 5-6 (125)
3 out of 10
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
Frequently Asked Questions about Madison
What type of rentals are currently available in Madison?
There are currently 59 Apartments for Rent in Madison, MN with pricing that ranges from $502 to $1,980. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $525 to $2,500.
What is the current price range for Rental Homes in Madison?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Madison ranges from $525 to $2,500 with an average monthly rent of $1,554.
How much are larger Three and Four Bedroom Rentals in Madison?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Madison range from $945 to $1,895, while Three Bedroom Homes, Condos, and Townhomes for rent range from $525 to $2,500. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $1,350.
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 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.
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.
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.