Cheap Apartments for Rent in Madison, NC from $400 (11 Rentals)

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

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.

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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Ray Commons
Studio to 2 Bedroom Apartments

Ray Commons

625 Washington StEden, NC 27288

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. Cedar Green in the Outer Smith Reynolds Airport neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Farmwood Gardens1x11BR,1BA$799
Cedar Green1BR / 1BA1BR,1BA$800
The Haven at Triad Park2 Bedroom 1 Bath B2BR,1BA$899
Lakes at LincolnDogwood - 1x11BR,1BA$961
Lakemont Apartment HomesHampton1BR,1BA$995

Best Value Apartments for Rent in Madison, NC and Nearby

As of July 30, 2025 the best value apartment in the Madison area is the $1.25 price per square foot B3 Upgraded Model at Rise Bridgeview in the in the Forest Valley neighborhood starting from $1,506. The second greatest value Madison apartment is the 3BR , 2BA Model at Woodland Heights Apartments starting at $1,375 with a $1.20 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.
Rise BridgeviewB3 Upgraded2BR,2BA$1.25
Woodland Heights Apartments3BR , 2BA3BR,2BA$1.20
North Lakes Apartments3 bedroom 2 bathroom3BR,2BA$1.24
Brassfield Park ApartmentsRockingham2BR,2BA$1.33
Oakmont ApartmentsDownstairs 2 Bed/1.5 Bath2BR,1.5BA$1.12
Plantation at Pleasant RidgeA1 - The Loft - One Bedroom, One Bathroom1BR,1BA$1.38
Cedar Green1BR / 1BA1BR,1BA$1.14
The Haven at Triad Park2 Bedroom 1 Bath A2BR,1BA$1.28
Farmwood Gardens1x11BR,1BA$1.18
211 W Murphy St, Unit 211-03211 W Murphy St1BR,1BA$1.08

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

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Getting Around Madison, NC

Walk Score®

21 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

23 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Woodland Heights Apartments and starts from $1,375.

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.