Cheap Apartments for Rent in Madison, SD from $300 (31 Rentals)

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Egan Avenue Residence
1 Bedroom Apartments

Egan Avenue Residence

703-709 Egan Ave NMadison, SD 57042
  • Utilities Included

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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Evergreen Estates
2 Bedroom Apartments

Evergreen Estates

1005 NE 4th StMadison, SD 57042
  • Utilities Included

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Showing Results 1-31, Page 1 of 1

Madison, SD Local Guide

Cheapest Available Madison Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madison, SD is a Studio unit found at Southland Court in the Downtown Brookings neighborhood priced from $750. Lake Area Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $820. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Southland CourtStudio - BStudio,1BA$750
Lake Area Townhomes1 Bedroom1BR,1BA$820
University Hills VillageStudio - 559 sqftStudio,1BA$825
Auburn Manor Apartments1x1 6191BR,1BA$835
West Oaks EstatesEfficiency UnitStudio,1BA$849
Yukon at BensonStudioStudio,1BA$875
Marion Crossing Apartments1 Bed 1 Bath Apartment1BR,1BA$885
Jefferson Reserve Apartments1 Bed 1 Bath Apartment1BR,1BA$890
Thelin Center1 Bedroom 1 Bathroom1BR,1BA$895
The Boundary1 Bedroom 1 Bathroom1BR,1BA$895

Best Value Apartments for Rent in Madison, SD and Nearby

As of September 13, 2025 the best value apartment in the Madison area is the $0.96 price per square foot 3 Bedroom 2.5 Bathroom Townhome Model at Pinnacle Townhomes in the in the Northwest Sioux Falls neighborhood starting from $1,775. The second greatest value Madison apartment is the 3x2 Model at 100 W 10th St starting at $1,650 with a $0.92 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.
Pinnacle Townhomes3 Bedroom 2.5 Bathroom Townhome3BR,2.5BA$0.96
100 W 10th St3x23BR,2BA$0.92
Cloverfield Townhomes3 Bed3BR,2.5BA$1.16
Lake Area Townhomes3 Bedroom3BR,2.5BA$0.97
Maple Pass Apartments & Townhomes3 Bed 2 Bath Townhome3BR,2BA$1.13
1009 Southland Ln2 Bed 2 Bath2BR,2BA$1.06
105 Carly Dr2 Bed2BR,1.5BA$1.04
Falls Park ApartmentsRushmore3BR,2BA$0.87
Thelin Center1 Bedroom 1 Bathroom1BR,1BA$1.16
Marion Crossing Apartments1 Bed 1 Bath Apartment1BR,1BA$1.19

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Best Local Schools in
Madison, SD

School data provided by Great Schools

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

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Getting Around Madison, SD

Walk Score®

45 / 100

Car-Dependent

Most errands require a car

Bike Score®

39 / 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 Southland Court listed at $750.

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

The lowest price for a Cheap One Bedroom Madison Apartment is $820 at Lake Area Townhomes.

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 $899 at West Oaks Estates.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at Falls Park Apartments and starts from $999.

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.

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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.