Cheap Homes for Rent in Madison, MN from $900 (14 Rentals)

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property at 918 2nd Ave

918 2nd 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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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 1 Bed unit found at Natures Edge Partners LLC priced from $25. Beardsley Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $519. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Natures Edge Partners LLC1B1B Subsidy1BR,1BA$25
Beardsley ApartmentsOne Bedroom1BR,1BA$519
RC Square Apartments2 Bedroom2BR,1BA$625
Sterling Manor ApartmentsStudioStudio,1BA$691
The Nexus233 - Studio B/1 BAStudio,1BA$795

Best Value Apartments for Rent in Madison, MN and Nearby

As of July 25, 2025 the best value apartment in the Madison area is the $1.40 price per square foot F Model at Marketplace Apartments in the starting from $1,435. The second greatest value Madison apartment is the Two Bedroom Two Bathroom Model at Thunder Hawk starting at $1,285 with a $1.27 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.
Marketplace ApartmentsF2BR,2BA$1.40
Thunder HawkTwo Bedroom Two Bathroom2BR,2BA$1.27
Briarwood Estates901D Briarwood3BR,2BA$1.30
Nyberg Apartments 55+2 Bed2BR,1BA$1.00
Beardsley ApartmentsOne Bedroom1BR,1BA$0.58
RC Square Apartments2 Bedroom2BR,1BA$0.70
Somerset PropertiesTwo Bedroom A - Ridge2BR,1BA$1.02
Generations on 1st1BR/1.0BA1BR,1BA$1.40
505 15th Ave SW2 bed 1 bath2BR,1BA$1.39
Natures Edge Partners LLC1B1B Subsidy1BR,1BA$0.05

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Frequently Asked Questions about Madison

What type of rentals are currently available in Madison?

There are currently 57 Apartments for Rent in Madison, MN with pricing that ranges from $502 to $1,980. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $900 to $4,850.

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 $900 to $4,850 with an average monthly rent of $2,027.

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 $1,000 to $1,975, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,100 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.

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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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.