Cheap Apartments for Rent in Madison, NE from $600 (30 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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.

Read Article

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.

Read Article
close
View Me
Leisure Apartments
1 to 2 Bedroom Apartments

Leisure Apartments

825 E 6th StWayne, NE 68787
  • Utilities Included
close
View Me
Gatewood Estates
Studio to 3 Bedroom Apartments

Gatewood Estates

627 Streeter DrNorth Sioux City, SD 57049
  • Utilities Included

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.

Read Article
close
View Me
Bluestem Apartments
Studio to 3 Bedroom Apartments

Bluestem Apartments

3680 Big Bluestem RdFremont, NE 68025
  • 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.

Read Article
Showing Results 1-30, Page 1 of 1

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
Erin Apartments2 Beds, 1 bath2BR,1BA$750
River Valley ApartmentsOne bedroom1BR,1BA$850
The Apartment Place1BR/1BA1BR,1BA$895
Fremont CommonsStudio (2) - 2nd FloorStudio,1BA$895
Lincoln Woods1 Bedroom1BR,1BA$925
The Warwick1 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 July 28, 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 2 Bedroom Model at Villas At The Pines starting at $1,295 with a $1.14 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
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
Erin Apartments4 Beds, 2 baths4BR,2BA$1.20
The Apartment Place1BR/1BA1BR,1BA$1.07
Fountain SpringsBirch1BR,1BA$1.19
Conestoga CrossingTWO BEDROOM FLOORPLAN2BR,2BA$1.20
Lincoln Woods1 Bedroom1BR,1BA$1.23
Fremont Omega - A 55+ Senior Community1 Bed 1 Bath1BR,1BA$1.12

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

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

Explore Madison, NE Rentals by Map

Decorative image of map

See the most popular apartments and homes in Madison, NE

View Map
Madison, NE Apartments Map
View Map
Madison, NE Rental Homes Map

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 $750 at Erin Apartments.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at Erin Apartments and starts from $1,000.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

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

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

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

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.