Cheap Apartments for Rent in Madison, NC from $400 (40 Rentals)

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

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Scott Commons Apartments
1 to 2 Bedroom Apartments

Scott Commons Apartments

404 W Decatur StMadison, NC 27025
Senior Living
  • Utilities Included
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Phoenix Cinder
1 to 2 Bedroom Apartments

Phoenix Cinder

4501 NC Hwy 704Madison, NC 27025

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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property at 216 N 5th Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

216 N 5th Ave

MayodanNC27027

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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property at 8 Circle Dr

$700

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$700
Total Monthly Price
$700

2 Bedroom, 1 Bath Home for Rent

Available Now

8 Circle Dr

MartinsvilleVA24112
property at 10 Circle Dr

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700
Total Monthly Price
$700

2 Bedroom, 1 Bath Home for Rent

Available Now

10 Circle Dr

MartinsvilleVA24112
property at 6 Circle Dr

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700
Total Monthly Price
$700

2 Bedroom, 1 Bath Home for Rent

Available Now

6 Circle Dr

MartinsvilleVA24112
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Ray Commons
Studio to 2 Bedroom Apartments

Ray Commons

625 Washington StEden, NC 27288
property at 7734 US-29

$845 - $1,845

Studio To 4 Bedroom Rentals

Available Now

7734 US-29

Browns SummitNC27214
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224 The Blvd
1 Bedroom Apartments

224 The Blvd

224 The BlvdEden, NC 27288
Corporate Housing
  • Utilities Included

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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property at 615 Dumaine St

$850 - $1,050

1 To 2 Bedroom Rentals

Available Now

615 Dumaine St

EdenNC27288
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The Hedges Apartments
1 to 2 Bedroom Apartments

The Hedges Apartments

3020 Cottage PlGreensboro, NC 27455
  • Utilities Included
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Rise Bridgeview
1 to 3 Bedroom Apartments

Rise Bridgeview

3520 Drawbridge PkyGreensboro, NC 27410
Corporate Housing

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-40, Page 1 of 1

Madison, NC Local Guide

Cheapest Available Madison Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madison, NC is a 1 Bed unit found at Farmwood Gardens in the Vernon Farms neighborhood priced from $799. North Lakes in the New Irving Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Farmwood Gardens1x11BR,1BA$799
North Lakes1 Bedroom 1 Bathroom1BR,1BA$895
The Haven at Triad Park2 Bedroom 1 Bath B2BR,1BA$899
Lakemont Apartment HomesHampton1BR,1BA$939
HAMPTONS AT COUNTRY PARK1x1 Blackfin1BR,1BA$1,008
Huntsview ApartmentsThe Meadow1BR,1BA$1,039
Terrace OaksThe Guilford1BR,1BA$1,050
Oakmont ApartmentsUpstairs 2 Bedroom/1.5 Bath2BR,1BA$1,050

Best Value Apartments for Rent in Madison, NC and Nearby

As of April 27, 2026 the best value apartment in the Madison area is the $1.18 price per square foot Grandover with Deck-Renovated Model at Allerton Place in the in the Pearman Estates neighborhood starting from $1,435. The second greatest value Madison apartment is the Downstairs 2 Bed/1.5 Bath Model at Oakmont Apartments starting at $1,050 with a $1.07 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.
Allerton PlaceGrandover with Deck-Renovated3BR,2BA$1.18
Oakmont ApartmentsDownstairs 2 Bed/1.5 Bath2BR,1.5BA$1.07
Rise BridgeviewB1 Bronze2BR,2BA$1.40
Plantation at Pleasant RidgeA1 - The Loft - One Bedroom, One Bathroom1BR,1BA$1.41
405 Summit St, Unit 2405 Summit St2BR,1BA$1.13
The Haven at Triad Park2 Bedroom 1 Bath B2BR,1BA$1.17
Terrace OaksThe Guilford1BR,1BA$1.39
Huntsview ApartmentsThe Meadow1BR,1BA$1.39
Farmwood Gardens1x11BR,1BA$1.18
211 W Murphy St, Unit 211-03211 W Murphy St1BR,1BA$1.00

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

Explore Madison, NC Rentals by Map

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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 $799 at Farmwood Gardens.

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 $899 at The Haven at Triad Park.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at Allerton Place and starts from $1,345.

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

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

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.