Cheap Homes for Rent in Madison, NE from $700 (16 Rentals)

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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
Erin Apartments2 Beds, 1 bath2BR,1BA$750
River Valley ApartmentsOne bedroom1BR,1BA$850
The Apartment Place1BR/1BA1BR,1BA$895

Best Value Apartments for Rent in Madison, NE and Nearby

As of September 11, 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
Prairie Park Apartments2 Bed, 2 Bath2BR,2BA$1.20
Erin Apartments4 Beds, 2 baths4BR,2BA$1.20
Woodbury HeightsTwo Bedroom2BR,1BA$1.11
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

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Frequently Asked Questions about Madison

What type of rentals are currently available in Madison?

There are currently 41 Apartments for Rent in Madison, NE with pricing that ranges from $725 to $2,950. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $750 to $2,450.

What is the current price range for Rental Homes in Madison?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Madison ranges from $750 to $2,450 with an average monthly rent of $1,441.

How much are larger Three and Four Bedroom Rentals in Madison?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Madison range from $850 to $2,950, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,195. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $1,200.

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 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.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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.