Cheap Apartments for Rent in Madison, MS from $700 (30 Rentals)

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

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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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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X - Arlington
1 to 3 Bedroom Apartments

X - Arlington

5845 Ridgewood RdJackson, MS 39211

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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Sunchase Ridgeland
1 to 2 Bedroom Apartments

Sunchase Ridgeland

875 William BlvdRidgeland, MS 39157
  • Utilities Included
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Trace
1 to 2 Bedroom Apartments

Trace

340 Arbor DrRidgeland, MS 39157
Corporate Housing

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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779 Northbrook
1 to 2 Bedroom Apartments

779 Northbrook

107 Pine Knoll DrRidgeland, MS 39157
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Madison, MS Local Guide

Cheapest Neighborhoods for Apartments in Madison, MS

Pricing Updated: 05/31/2026

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

NeighborhoodMedian PriceMin PriceAvailable Units
Outer Ridgeland Madison$1,568$874132

Cheapest Available Madison Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madison, MS is a 1 Bed unit found at The Park at Inverness in the North Jackson neighborhood priced from $850. Briarwood Park 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
The Park at Inverness1 Bedroom / 1 Bathroom Silver Prep1BR,1BA$850
Briarwood Park1B1B1BR,1BA$850
Royal Oak Apartments1 Bedroom 1 Bathroom1BR,1BA$900
Castlegate Luxury Apartments1 Bedroom 1 Bath1BR,1BA$900
Tracewood1 Bedroom 1 Bathroom Upgraded1BR,1BA$900
PinebrookThe Elm1BR,1BA$950
Trails at Northpointe2 Bed 1 Bath2BR,1BA$975
Lakeshore Landing Apartments1BR 1BA (677 SF)1BR,1BA$980
Aspen Apartments1x1 Premium1BR,1BA$999
Northtown Apartments1 Bedroom 1 Bathroom1BR,1BA$1,000

Best Value Apartments for Rent in Madison, MS and Nearby

As of May 31, 2026 the best value apartment in the Madison area is the $0.89 price per square foot C 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 Three-Bedroom Model at The Gables starting at $1,570 with a $1.18 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 HouseC Cypress3BR,2BA$0.89
The GablesThree-Bedroom3BR,2BA$1.18
Prosper JacksonC1D3BR,2BA$1.19
The Park at Inverness3 Bedroom / 2 Bathroom Platinum3BR,2BA$1.13
The Pointe at Highland2 Bedroom2BR,2BA$1.16
Ridgeland Place Apartment HomesOak2BR,2BA$1.05
Somerset Apartments2 Bedroom 1.5 Bathroom2BR,1.5BA$1.25
Trails at Northpointe2 Bed 1 Bath2BR,1BA$1.07
Castlegate Luxury Apartments1 Bedroom 1 Bath1BR,1BA$1.13
Tracewood1 Bedroom 1 Bathroom1BR,1BA$1.26

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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How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Madison, MS

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
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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 $850 at Briarwood Park.

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 $950 at The Park at Inverness.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at Castlegate Luxury Apartments and starts from $1,155.

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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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.