Cheap Apartments for Rent in Madison, NE from $600 (26 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.

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property at 441 S Polk St

441 S Polk St

OsceolaNE68651

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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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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Leisure Apartments
1 to 2 Bedroom Apartments

Leisure Apartments

825 E 6th StWayne, NE 68787
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Gatewood Estates
1 to 2 Bedroom Apartments

Gatewood Estates

627 Streeter DrNorth Sioux City, SD 57049
  • Utilities Included
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Madison, NE Local Guide

Cheapest Available Madison Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madison, NE is a 1 Bed unit found at Fremont Omega - A 55+ Senior Community priced from $725. Prospect Ridge Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fremont Omega - A 55+ Senior Community1 Bed 1 Bath1BR,1BA$725
Prospect Ridge ApartmentsStudioStudio,1BA$725
River Valley ApartmentsOne bedroom1BR,1BA$850
Bluestem ApartmentsStudioStudio,1BA$875
The Apartment Place1BR/1BA1BR,1BA$895
Fremont CommonsStudio (2) - 3rd floorStudio,1BA$895
Horizon Apartments2 Bedroom2BR,1BA$900
Lincoln Woods1 Bedroom1BR,1BA$925
Wellington At The DunesOpen living space + spacious master with vaulte...1BR,1BA$930
Fountain SpringsBirch1BR,1BA$995

Best Value Apartments for Rent in Madison, NE and Nearby

As of June 10, 2025 the best value apartment in the Madison area is the $1.16 price per square foot 2 Beds, 1 bath Model at 414 W Phillip Ave in the starting from $1,450. The second greatest value Madison apartment is the Rushmore Model at Northlake Apartments starting at $1,076 with a $0.93 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.
414 W Phillip Ave2 Beds, 1 bath2BR,1BA$1.16
Northlake ApartmentsRushmore3BR,2BA$0.93
Villas At The Pines2 Bedroom2BR,2BA$1.14
Dakota Prairie ApartmentsTwo Bedroom, Two Bath2BR,2BA$1.15
Prairie Park Apartments2 Bed, 2 Bath2BR,2BA$1.19
Woodbury HeightsTwo Bedroom2BR,1BA$1.16
The Apartment Place1BR/1BA1BR,1BA$1.07
Fountain SpringsBirch1BR,1BA$1.19
Horizon Apartments2 Bedroom2BR,1BA$1.09
Fremont Omega - A 55+ Senior Community1 Bed 1 Bath1BR,1BA$1.12

Quick Rent Budget Calculator

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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, NE Rentals by Map

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See the most popular apartments and homes in Madison, NE

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Getting Around Madison, NE

Walk Score®

45 / 100

Car-Dependent

Most errands require a car

Bike Score®

37 / 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 Cheapest Studio apartment in Madison?

Currently the most affordable Cheap Studio Apartment in Madison is at Prospect Ridge Apartments listed at $725.

How much is rent for a Cheap One Bedroom Madison Apartment?

The lowest price for a Cheap One Bedroom Madison Apartment is $725 at Fremont Omega - A 55+ Senior Community.

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 $875 at Fremont Omega - A 55+ Senior Community.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at Northlake Apartments and starts from $1,076.

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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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.