Cheap Apartments for Rent in Madison, NE from $500 (18 Rentals)

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

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Leisure Apartments
1 to 2 Bedroom Apartments

Leisure Apartments

825 E 6th StWayne, NE 68787
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Erin Apartments
2 to 4 Bedroom Apartments

Erin Apartments

918 Main StWayne, NE 68787
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Gatewood Estates
Studio to 3 Bedroom Apartments

Gatewood Estates

627 Streeter DrNorth Sioux City, SD 57049
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Bluestem Apartments
Studio to 3 Bedroom Apartments

Bluestem Apartments

3680 Big Bluestem RdFremont, NE 68025
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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 Studio unit found at Oak Park Apartments priced from $530. Fremont Omega - A 55+ Senior Community has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oak Park ApartmentsEfficiency - InteriorStudio,1BA$530
Fremont Omega - A 55+ Senior Community1 Bed 1 Bath1BR,1BA$725
Prospect Ridge ApartmentsStudioStudio,1BA$725
Dakota Bend I & IIDB 1 - 1bedroom/1bath1BR,1BA$750
Horizon Apartments1 Bedroom1BR,1BA$800

Best Value Apartments for Rent in Madison, NE and Nearby

As of November 09, 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
Thompson Apartments2B1B2BR,1BA$0.80
Dakota Prairie ApartmentsTwo Bedroom, Two Bath2BR,2BA$1.15
Nye ApartmentsTwo Bed, Two Bath2BR,2BA$1.00
Interstate ApartmentsBig Sioux2BR,1BA$0.88
Woodbury HeightsTwo Bedroom2BR,1BA$1.00
The Apartment Place1BR/1BA1BR,1BA$1.07
Floyd River Flats1 Bed 1 Bath Apartment1BR,1BA$1.09
Fremont Omega - A 55+ Senior Community1 Bed 1 Bath1BR,1BA$1.12

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Location, Location, Location!

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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

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 $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 Interstate Apartments.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at Lincoln Woods and starts from $1,155.

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 Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.