Cheap Apartments for Rent in Madison, MS from $700 (24 Rentals)

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

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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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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779 Northbrook
1 to 2 Bedroom Apartments

779 Northbrook

107 Pine Knoll DrRidgeland, MS 39157
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Sunchase Ridgeland
1 to 2 Bedroom Apartments

Sunchase Ridgeland

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

Trace

340 Arbor DrRidgeland, MS 39157

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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Madison, MS Local Guide

Cheapest Neighborhoods for Apartments in Madison, MS

Pricing Updated: 10/03/2025

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$1,499$84293

Cheapest Available Madison Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madison, MS is a 1 Bed unit found at Briarwood Park in the North Jackson neighborhood priced from $800. Hampton House in the Outer Ridgeland Madison neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $842. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Briarwood Park1B1B1BR,1BA$800
Hampton HouseM Magnolia1BR,1BA$842
The Park at Inverness1 Bedroom / 1 Bathroom Silver Prep1BR,1BA$850
Castlegate Luxury Apartments1 Bedroom 1 Bath1BR,1BA$875
Royal Oak Apartments1 Bedroom 1 Bathroom Upgraded1BR,1BA$935

Best Value Apartments for Rent in Madison, MS and Nearby

As of October 03, 2025 the best value apartment in the Madison area is the $1.00 price per square foot Oak Model at Ridgeland Place Apartment Homes in the in the Outer Ridgeland Madison neighborhood starting from $1,085. The second greatest value Madison apartment is the 2 Bedroom / 1.5 Bathroom Model at The Park at Inverness starting at $1,150 with a $1.15 price per square foot in the North Jackson 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.
Ridgeland Place Apartment HomesOak2BR,2BA$1.00
The Park at Inverness2 Bedroom / 1.5 Bathroom2BR,1.5BA$1.15
Lakeshore Landing2BR 2BA (1000 SF)2BR,2BA$1.15
VanmarkA1 Reno1BR,1BA$1.26
Orchard Landing Apartments (Park Place)2 bed 1.5 bath2BR,1.5BA$1.25
The Pointe at Highland1 Bedroom1BR,1BA$1.26
Tracewood2 Bedroom 2 Bathroom Upgraded2BR,2BA$1.22
Castlegate Luxury Apartments1 Bedroom 1 Bath1BR,1BA$1.09
Hampton HouseM Magnolia1BR,1BA$1.08
Briarwood Park1B1B1BR,1BA$1.21

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Best Local Schools in
Madison, MS

School data provided by Great Schools

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

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Getting Around Madison, MS

Walk Score®

29 / 100

Car-Dependent

Most errands require a car

Bike Score®

35 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Madison Apartments

What is the price of a cheap apartment in Madison?

The cheapest apartment in Madison is Briarwood Park which is listed at $800, while the average apartment in Madison costs $1,499.

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 2 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 $182 which is $1,317 cheaper than the average rent for all rentals in Madison.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.

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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.