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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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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property at 1628 Rivermont Hts Rd

$575

Total Monthly Price

Total Monthly Price

Base Rent
$575
Total Monthly Price
$575

1 Bedroom, 1 Bath Home for Rent

Available Now

1628 Rivermont Hts Rd

MartinsvilleVA24112
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Ray Commons
Studio to 2 Bedroom Apartments

Ray Commons

625 Washington StEden, NC 27288
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224 The Blvd
1 Bedroom Apartments

224 The Blvd

224 The BlvdEden, NC 27288
Corporate Housing
  • Utilities Included

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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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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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
HAMPTONS AT COUNTRY PARK1x1 Blackfin1BR,1BA$921
Lakemont Apartment HomesHampton1BR,1BA$939
Lakes at LincolnWillow- 1x1 Medium1BR,1BA$1,022
Lake Brandt ApartmentsGaston1BR,1BA$1,024
Beechwood ApartmentsWindsor1BR,1BA$1,025
Terrace OaksThe Guilford1BR,1BA$1,050

Best Value Apartments for Rent in Madison, NC and Nearby

As of June 11, 2026 the best value apartment in the Madison area is the $1.25 price per square foot C1 Bronze Model at Rise Bridgeview in the in the Forest Valley neighborhood starting from $1,595. The second greatest value Madison apartment is the Grandover with Deck-Renovated Model at Allerton Place starting at $1,469 with a $1.21 price per square foot in the Pearman Estates 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.
Rise BridgeviewC1 Bronze3BR,2BA$1.25
Allerton PlaceGrandover with Deck-Renovated3BR,2BA$1.21
Landon Creek ApartmentsTwo Bed, Two Bath2BR,2BA$1.27
Park ForestThe Roomate2BR,2BA$1.42
Oakmont ApartmentsDownstairs 2 Bed/1.5 Bath2BR,1.5BA$1.07
The Plantation at Pleasant RidgeA1 - The Loft - One Bedroom, One Bathroom1BR,1BA$1.39
Keystone At Walkertown LandingAutumn1BR,1BA$1.43
Terrace OaksThe Guilford1BR,1BA$1.39
The Haven at Triad Park2 Bedroom 1 Bath A2BR,1BA$1.28
Farmwood Gardens1x11BR,1BA$1.18

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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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 $1,449.

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 How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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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.