309 W Washington Ave
HowardSD57349
Cheap Homes for Rent in Madison, SD from $600 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Madison.
407 N Covell Ave
Sioux FallsSD57104
1300 E 6th St
Sioux FallsSD57103
1301 John Deere Cir
MadisonSD57042
2800 W McClellan St
Sioux FallsSD57104
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.
713-715 W 16th St
Sioux FallsSD57104
328 N Blauvelt Ave
Sioux FallsSD57103
506 N French Ave
Sioux FallsSD57103
1308 E 4th St
Sioux FallsSD57103
3034 N Lewis Ave
Sioux FallsSD57104
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.
2904 W 33rd St
Sioux FallsSD57105
Showing Results 1-11, 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 | $1,555 | $1,150 | $3,850 |
| Madison 3 Bedroom Homes for Rent | $1,472 | $1,195 | $1,795 |
| Madison 4 Bedroom Homes for Rent | $1,916 | $1,750 | $2,200 |
| Madison 5 Bedroom Homes for Rent | $1,495 | $1,495 | $1,495 |
| Madison 6 Bedroom Homes for Rent | $2,650 | $2,650 | $2,650 |
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 1 Bed unit found at Egan Avenue Residence priced from $645. The Boundary in the Northwest Sioux Falls neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $835. Here is today’s list of the most affordable Madison apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Egan Avenue Residence | Bedroom C | 1BR,1BA | $645 |
| The Boundary | Studio | Studio,1BA | $835 |
| Auburn Manor Apartments | One Bedroom | 1BR,1BA | $835 |
| University Hills Village | Unit Type K3 - Studio/1 BA - Non Smoking | Studio,1BA | $850 |
| Marion Crossing Apartments | 1 Bed 1 Bath Apartment | 1BR,1BA | $860 |
Best Value Apartments for Rent in Madison, SD and Nearby
As of May 31, 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 $1,865. The second greatest value Madison apartment is the 3x2 Model at 100 W 10th St starting at $1,595 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. |
|---|---|---|---|
| Pinnacle Townhomes | 3 Bedroom 2.5 Bathroom Townhome | 3BR,2.5BA | $1.01 |
| 100 W 10th St | 3x2 | 3BR,2BA | $1.00 |
| 1609 6th St | 1609 6th Street | 4BR,2BA | $1.22 |
| 110 W 10th St | Model B | 3BR,2BA | $1.19 |
| Lake Area Townhomes | 2 Bedroom | 2BR,2.5BA | $1.03 |
| Jefferson Heights Apartments, LLC | 2Bed/2Bath | 2BR,2BA | $1.31 |
| Aspen Commons | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.30 |
| Thelin Center | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.26 |
| Benson Village Townhomes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.18 |
| Marion Crossing Apartments | 1 Bed 1 Bath Apartment | 1BR,1BA | $1.17 |
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.
Read Article
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.
Read ArticleQuick 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.
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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)
8 out of 10
Madison High School - 01
Madison Central School District 39-2
Public School - Grades 9-12 (382)
6 out of 10
Madison Middle School - 02
Madison Central School District 39-2
Public School - Grades 6-8 (257)
6 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 62 Apartments for Rent in Madison, SD with pricing that ranges from $645 to $2,910. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $695 to $3,850.
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 $695 to $3,850 with an average monthly rent of $1,550.
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 $1,240 to $2,465, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $1,795. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $1,650.
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
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.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.