Cheap Apartments for Rent near Madison, MS from $850 (49 Rentals)

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

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Siegel Select Jackson
Rent Specials
$289 - $1,189

Total Monthly Price

Base Rent$289 - $1,189
Total Monthly Price$289 - $1,189
1 Bedroom Apartments Available Now

Siegel Select Jackson

616 Briarwood DrJackson, MS 39211
Furnished
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  • Utilities Included

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X - Arlington
1 to 3 Bedroom Apartments

X - Arlington

5845 Ridgewood RdJackson, MS 39211
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Sunchase Ridgeland
1 to 2 Bedroom Apartments

Sunchase Ridgeland

875 William BlvdRidgeland, MS 39157
  • Utilities Included

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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Trace
1 to 2 Bedroom Apartments

Trace

340 Arbor DrRidgeland, MS 39157
Corporate Housing
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779 Northbrook
1 to 2 Bedroom Apartments

779 Northbrook

107 Pine Knoll DrRidgeland, MS 39157
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The Gables
1 to 3 Bedroom Apartments

The Gables

880 William BlvdRidgeland, MS 39157

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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Showing Results 1-49, Page 1 of 1

Madison, MS Local Guide

Cheapest Neighborhoods for Apartments in Madison, MS

Pricing Updated: 09/05/2026

Current apartment rentals in the Madison, MS area range in price from $874 to $2,139 with an overall median price of $1,290. Here is today’s list neighborhoods with the lowest median pricing for Madison Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Outer Ridgeland Madison$1,290$874114

Cheapest Available Madison Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madison, MS is a 1 Bed unit found at Siegel Select Jackson in the North Jackson neighborhood priced from $289. The Park at Inverness in the North Jackson neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Siegel Select JacksonStandard Studio 7-28 Days1BR,1BA$289
The Park at Inverness1 Bedroom / 1 Bathroom Silver Prep1BR,1BA$850
Briarwood Park1B1B1BR,1BA$850
Castlegate Luxury Apartments1 Bedroom 1 Bath1BR,1BA$900
Tracewood1 Bedroom 1 Bathroom Upgraded1BR,1BA$900
Royal Oak Apartments1 Bedroom 1 Bathroom1BR,1BA$925
PinebrookThe Elm1BR,1BA$950
Northtown Apartments1 Bedroom 1 Bathroom1BR,1BA$1,000
Aspen Apartments1x1 Premium1BR,1BA$1,024
Somerset Apartments1 Bedroom 1 Bathroom1BR,1BA$1,035

Best Value Apartments for Rent in Madison, MS and Nearby

As of September 05, 2026 the best value apartment in the Madison area is the $0.89 price per square foot Cypress Model at Hampton House in the in the Outer Ridgeland Madison neighborhood starting from $1,239. The second greatest value Madison apartment is the 3 Bedroom Model at Colony Pointe starting at $1,330 with a $0.99 price per square foot in the Outer Ridgeland Madison 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.
Hampton HouseCypress3BR,2BA$0.89
Colony Pointe3 Bedroom3BR,2BA$0.99
Mark2Bedroom/2Bath2BR,2BA$1.24
Ridgeland Place Apartment HomesOak2BR,2BA$1.19
Van Markone bedroom, one bathroom Renovated1BR,1BA$1.32
The Park at Inverness1 Bedroom / 1 Bathroom Gold1BR,1BA$1.16
Castlegate Luxury Apartments1 Bedroom 1 Bath1BR,1BA$1.13
Tracewood1 Bedroom 1 Bathroom1BR,1BA$1.26
Briarwood Park1B1B1BR,1BA$1.29
Siegel Select JacksonStandard Studio 7-28 Days1BR,1BA$1.01

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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Madison, MS

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Frequently Asked Questions about Cheap Madison Apartments

What is the price of a cheap apartment in Madison?

The cheapest apartment in Madison is Siegel Select Jackson which is listed at $289, while the average apartment in Madison costs $1,290.

What types of apartments are the cheapest in Madison?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 5 regular apartments in Madison that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Madison?

Cheap apartments in Madison have an average cost of $154 which is $1,136 cheaper than the average rent for all rentals in Madison.

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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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.