Cheap Apartments for Rent near Madison, MO from $721 (35 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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Montmartre Apartments
$1,055 - $1,160

Total Monthly Price

Base Rent$1,055 - $1,160
Total Monthly Price$1,055 - $1,160
1 to 2 Bedroom Apartments Available Now

Montmartre Apartments

104 Clinkscales RdColumbia, MO 65203
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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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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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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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Madison, MO Local Guide

Cheapest Available Madison Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madison, MO is a 3 Beds unit found at Columbia Square Apartments in the Tiger Village Apartments neighborhood priced from $721. The Links at Columbia in the The Links of Columbia neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Columbia Square ApartmentsColumbia Square Three Bedroom (Affordable - Income3BR, 1BA$721
The Links at ColumbiaClassic Deluxe II1BR, 1BA$800
Forest Village Apartments2 Bedroom2BR, 1BA$825
Monroe City Senior Housing 62+1 Bed 1 Bath1BR, 1BA$875
Broadway ApartmentsSpacious 1 Bedroom 1 Bathroom Apartment Home1BR, 1BA$900
Benton Stephens Apartments1x11BR, 1BA$950
Columbia Crossing2 Bedroom 1 Bath2BR, 1BA$1,001
Heather RidgeArbor2BR, 1BA$1,008
North Hampton Village2BR - 1BTH2BR, 1BA$1,075
Montmartre Apartments2 BR / 1 BA2BR, 1BA$1,105

Best Value Apartments for Rent in Madison, MO and Nearby

As of September 22, 2026 the best value apartment in the Madison area is the $0.77 price per square foot 4BR/2.5BA Model at Cross Creek Villas in the Auburn Hills neighborhood starting from $1,549. The second greatest value Madison apartment is the Jenne Hill - 4 Bedroom 2.5 Bath Townhome Model at Jenne Hill Townhomes in the The Links of Columbia neighborhood starting at $1,625 with a $1.08 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.
Cross Creek Villas4BR/2.5BA4BR, 2.5BA$0.77
Jenne Hill TownhomesJenne Hill - 4 Bedroom 2.5 Bath Townhome4BR, 2.5BA$1.08
Cottage GroveTownhomes2BR, 2.5BA$1.04
Lake Broadway TownhomesLake Broadway Townhomes2BR, 2BA$1.19
Wellington Manor2BR2BR, 2BA$1.18
Columbia Crossing2 Bedroom 1 Bath2BR, 1BA$1.05
Frederick Building1 Bed/ 2 Bath - Female Roommate Matching2BR, 2BA$1.26
North Hampton Village2BR - 1BTH2BR, 1BA$1.21
Montmartre Apartments2 BR / 1 BA2BR, 1BA$1.26
Forest Village Apartments2 Bedroom2BR, 1BA$1.00

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

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Frequently Asked Questions about Cheap Madison Apartments

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

The lowest price for a Cheap One Bedroom Madison Apartment is $800 at The Links at Columbia.

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 $825 at Forest Village Apartments.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at Columbia Square Apartments and starts from $721.

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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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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.