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

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Evergreen Estates
2 Bedroom Apartments

Evergreen Estates

1005 NE 4th StMadison, 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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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 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.

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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.

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Southland Court
Studio to 2 Bedroom Apartments

Southland Court

818 Southland LnBrookings, SD 57006
  • Utilities Included
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 1 Bed unit found at West Oaks Estates priced from $399. Egan Avenue Residence has the second lowest priced unit, which is a 1 Bed apartment currently listed from $690. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
West Oaks Estates1 bdr/ 1 bath1BR,1BA$399
Egan Avenue ResidenceBedroom A1BR,1BA$690
Yukon at BensonStudioStudio,1BA$795
Aspen CommonsStudioStudio,1BA$800
Auburn Manor ApartmentsOne Bedroom1BR,1BA$835
Maple Pass Apartments and Townhomes in Hartford, SDRent Special - Studio AptsStudio,1BA$850
University Hills VillageUnit Type K3 - Studio/1 BA - Non SmokingStudio,1BA$850
Jefferson Reserve Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$860
Trails HeadDriftwoodStudio,1BA$890
Thelin Center1 Bedroom 1 Bathroom1BR,1BA$895

Best Value Apartments for Rent in Madison, SD and Nearby

As of March 14, 2026 the best value apartment in the Madison area is the $1.01 price per square foot 3 Bedroom 2.5 Bathroom Townhome Model at Pinnacle Townhomes in the in the Northwest Sioux Falls neighborhood starting from $1,870. The second greatest value Madison apartment is the 3x2 Model at 100 W 10th St starting at $1,650 with a $1.03 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$1.01
100 W 10th St3x23BR,2BA$1.03
Lake Area Townhomes3 Bedroom3BR,2.5BA$1.02
Benson Village Townhomes3 Bedroom, 2.5 Bathroom3BR,2.5BA$0.89
Falls Park ApartmentsRushmore3BR,2BA$0.88
Marion Crossing Apartments2 Bed 2 Bath Apartment2BR,2BA$1.07
Northridge Estates/Perfect LocationTwo Bed/Two Bath/ no pets2BR,2BA$1.11
West Oaks Estates2 bd 2 bath Upper Level Unit2BR,2BA$1.06
Thelin Center2 Bedroom 2 Bathroom2BR,2BA$1.19
Lux North1 Bedroom 1 Bathroom1BR,1BA$1.32

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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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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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.

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Best Local Schools in
Madison, SD

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
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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 Yukon at Benson listed at $795.

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

The lowest price for a Cheap One Bedroom Madison Apartment is $399 at West Oaks Estates.

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 Yukon at Benson.

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 $1,018.

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

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.