Cheap Apartments for Rent in Madison, OH from $300 (63 Rentals)

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

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Vineyards of Madison
2 Bedroom Apartments

Vineyards of Madison

6700 Grape Arbor DrMadison, OH 44057
  • Utilities Included
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Lakeside Villas
1 to 2 Bedroom Apartments

Lakeside Villas

1988 Lakeside DrMadison, OH 44057
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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Chestnut Village 55+
1 Bedroom Apartments

Chestnut Village 55+

5321 Chestnut AveAshtabula, OH 44004
Senior Living
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Normandy Townhomes
2 Bedroom Apartments

Normandy Townhomes

1204 Pennsylvania AveAshtabula, OH 44004
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Jeremy Park
Studio to 2 Bedroom Apartments

Jeremy Park

61 N Maple StOrwell, OH 44076
Senior Living
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Madison, OH Local Guide

Cheapest Available Madison Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madison, OH is a 2 Beds unit found at Greenway Senior Housing in the Ashtabula Harbor neighborhood priced from $680. Andover Courtyard in the East Mentor neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Greenway Senior HousingGreenway Senior2BR,1BA$680
Andover Courtyard1Bed 1 Bath1BR,1BA$950
Parkway Apartments2BR.1BA.705SF_*2BR,1BA$965
Grant Street ApartmentsGrant: 2 Bed 1 Bath | 800 sqft | OLD2BR,1BA$1,000
Richlawn Acres ApartmentsWelcome Home To Richlawn Apartments!1BR,1BA$1,050
Oak Hill Village ApartmentsOne Bedroom1BR,1BA$1,072
Nye Park Apartments2BD/1BHT2BR,1BA$1,079
Queensdale Apartments2 Bedroom2BR,1BA$1,100

Best Value Apartments for Rent in Madison, OH and Nearby

As of June 12, 2026 the best value apartment in the Madison area is the $1.58 price per square foot Type A - Updated (95-2X2U) Model at Concord Place Apartments in the in the South Mentor neighborhood starting from $1,700. The second greatest value Madison apartment is the 243 W Main St Model at 243 W Main St, Unit Down West starting at $1,050 with a $1.05 price per square foot in the Northeast Cleveland neighborhood. 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.
Concord Place ApartmentsType A - Updated (95-2X2U)2BR,2BA$1.58
243 W Main St, Unit Down West243 W Main St1BR,1BA$1.05
The Hamlets at Willoughby2BR.1BA.980SF2BR,1BA$1.40
Nye Park Apartments2BD/1BHT2BR,1BA$1.20
11 N Lake St, Unit 111 N Lake StStudio ,1BA$1.11
Greenway Senior HousingGreenway Senior2BR,1BA$0.77
Summertree ApartmentsWelcome Home to Summertree Apartments!2BR,1BA$1.41
Grant Street ApartmentsGrant: 2 Bed 1 Bath | 800 sqft | OLD2BR,1BA$1.25
Queensdale Apartments2 Bedroom2BR,1BA$1.38
Oak Hill Village ApartmentsOne Bedroom1BR,1BA$1.56

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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, OH Rentals by Map

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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 $950 at Andover Courtyard.

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 $680 at Greenway Senior Housing.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at Queensdale Apartments and starts from $1,200.

Expert Rental Resources

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.

Articles, How-To's, and Tips

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.