623 S Prairie Ave
Sioux FallsSD57104
Cheap Homes for Rent in Madison, SD from $700 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Madison.
316 N Van Eps Ave
Sioux FallsSD57103
1312 E 5th St
Sioux FallsSD57103
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.
3506 S Sertoma Ave
Sioux FallsSD57106
527 S Hawthorne Ave
Sioux FallsSD57104
615 N Harth Ave
MadisonSD57042
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.
1301 John Deere Cir
MadisonSD57042
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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 | $1,523 | $850 | $2,400 |
| Madison 3 Bedroom Homes for Rent | $1,703 | $899 | $2,500 |
| Madison 4 Bedroom Homes for Rent | $2,217 | $1,500 | $2,795 |
Browse Top Homes for Rent in Madison
Explore Madison
Madison, SD Local Guide
- Nearby Cities
- ZIP codes
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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. Jefferson Reserve Apartments in the Northwest Sioux Falls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $815. 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 |
| Jefferson Reserve Apartments | 1 Bed 1 Bath Apartment | 1BR,1BA | $815 |
| Lake Area Townhomes | 1 Bedroom | 1BR,1BA | $820 |
Best Value Apartments for Rent in Madison, SD and Nearby
As of August 24, 2025 the best value apartment in the Madison area is the $0.97 price per square foot 3 Bedroom 2.5 Bathroom Townhome Model at Pinnacle Townhomes in the in the Northwest Sioux Falls neighborhood starting from $1,785. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pinnacle Townhomes | 3 Bedroom 2.5 Bathroom Townhome | 3BR,2.5BA | $0.97 |
| 100 W 10th St | 3x2 | 3BR,2BA | $0.92 |
| Cloverfield Townhomes | 3 Bed | 3BR,2.5BA | $1.16 |
| Lake Area Townhomes | 3 Bedroom | 3BR,2.5BA | $0.97 |
| Maple Pass Apartments & Townhomes | 3 Bed 2 Bath Townhome | 3BR,2BA | $1.14 |
| Fifth Street Apartments & Townhouses | Upper Apartment | 3BR,2BA | $1.20 |
| 105 Carly Dr | 2 Bed | 2BR,1.5BA | $1.17 |
| Falls Park Apartments | Rushmore | 3BR,2BA | $1.04 |
| Northridge Estates/Perfect Location | Two Bed/Two Bath/ Pets ok | 2BR,2BA | $1.08 |
| Marion Crossing Apartments | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.21 |
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Best Local Schools in Madison, SD
Madison Elementary School - 07
Madison Central School District 39-2
Public School - Grades K-5 (508)
7 out of 10
Madison High School - 01
Madison Central School District 39-2
Public School - Grades 9-12 (382)
5 out of 10
Madison Middle School - 02
Madison Central School District 39-2
Public School - Grades 6-8 (257)
5 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Madison, SD Rentals by Map
See the most popular apartments and homes in Madison, SD
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 $2,641. There are also 36 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 $1,478.
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 $2,641, while Three Bedroom Homes, Condos, and Townhomes for rent range from $899 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,500 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.
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.
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.
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.