623 S Prairie Ave
Sioux FallsSD57104
Cheap Homes for Rent in Madison, SD from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Madison.
801 S 1st Ave
Sioux FallsSD57104
3506 S Sertoma Ave
Sioux FallsSD57106
316 N Van Eps Ave
Sioux FallsSD57103
1312 E 5th St
Sioux FallsSD57103
424 N Weber Ave
Sioux FallsSD57103
300 Medary Ave S
BrookingsSD57006
1301 John Deere Cir
MadisonSD57042
1326 E 4th St
Sioux FallsSD57103
615 N Harth Ave
MadisonSD57042
1428 E 4th St
Sioux FallsSD57103
3034 N Lewis Ave
Sioux FallsSD57104
Showing Results 1-12, Page 1 of 1
Madison, SD Local Guide
Kansas Highway 99 to Emporia by Stuart Seeger is licensed under CC BY 2.0
How much does it cost to rent a home in Madison?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison 2 Bedroom Homes for Rent | $1,532 | $850 | $2,500 |
| Madison 3 Bedroom Homes for Rent | $1,923 | $945 | $2,500 |
| Madison 4 Bedroom Homes for Rent | $2,795 | $2,795 | $2,795 |
Browse Top Homes for Rent in Madison
Explore Madison
Madison, SD Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. University Hills Village has the second lowest priced unit, which is a Studio apartment currently listed from $825. Here is today’s list of the most affordable Madison apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Southland Court | Studio - B | Studio,1BA | $750 |
| University Hills Village | Studio - 530 sqft | Studio,1BA | $825 |
| Auburn Manor Apartments | 1x1 619 | 1BR,1BA | $835 |
| West Oaks Estates | Efficiency Unit | Studio,1BA | $849 |
| Northridge Estates/Perfect Location | One Bedroom/No pets | 1BR,1BA | $850 |
Best Value Apartments for Rent in Madison, SD and Nearby
As of July 06, 2025 the best value apartment in the Madison area is the $1.00 price per square foot 3x2 Model at 100 W 10th St in the starting from $1,799. The second greatest value Madison apartment is the 2 Bedroom Model at Lake Area Townhomes starting at $1,250 with a $1.00 price per square foot . Here is today’s list of the best values for Madison apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 100 W 10th St | 3x2 | 3BR,2BA | $1.00 |
| Lake Area Townhomes | 2 Bedroom | 2BR,2.5BA | $1.00 |
| Fifth Street Apartments & Townhouses | Upper Apartment | 3BR,2BA | $1.20 |
| Falls Park Apartments | Rushmore | 3BR,2BA | $1.04 |
| 110 W 10th St | Model A | 2BR,2BA | $1.35 |
| Thelin Center | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.24 |
| Northridge Estates/Perfect Location | One Bedroom/No pets | 1BR,1BA | $1.22 |
| Marion Crossing Apartments | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.23 |
| Maple Pass Apartments & Townhomes | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.26 |
| Auburn Manor Apartments | 1x1 619 | 1BR,1BA | $1.35 |
Quick Rent Budget Calculator
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.
Let everyone know!
Do you know the Madison area?
If you’re an expert on all things Madison, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Frequently Asked Questions about Madison
What type of rentals are currently available in Madison?
There are currently 53 Apartments for Rent in Madison, SD with pricing that ranges from $399 to $2,844. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $700 to $2,795.
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 $700 to $2,795 with an average monthly rent of $1,676.
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 $399 to $2,844, while Three Bedroom Homes, Condos, and Townhomes for rent range from $945 to $2,500. Four Bedroom Single-Family rentals are also available starting from $2,795 and Four Bedroom Apartments start at $1,615.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.