Cheap Apartments for Rent in Madisonville, KY from $500 (39 Rentals)

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Search the lowest-cost Apartments available for rent right now in Madisonville.

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Pennyrile Park
1 to 3 Bedroom Apartments

Pennyrile Park

652 S Kentucky AveMadisonville, KY 42431
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Hidden Hills
1 to 2 Bedroom Apartments

Hidden Hills

401 Allison AveMadisonville, KY 42431
  • 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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Maple Valley Townhomes
2 Bedroom Apartments

Maple Valley Townhomes

618 E Waverly StMorganfield, KY 42437
  • Utilities Included
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Donaldson Arms
1 to 2 Bedroom Apartments

Donaldson Arms

1407 Howard StEvansville, IN 47713
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Little River Landings
1 to 3 Bedroom Apartments

Little River Landings

1101 Pyle LnHopkinsville, KY 42240
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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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Showing Results 1-39, Page 1 of 1

Madisonville, KY Local Guide

Cheapest Available Madisonville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madisonville, KY is a 1 Bed unit found at 225 Clara’s priced from $525. Graystone Henderson in the Henderson North End neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Madisonville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
225 Clara’s1-bedroom1BR,1BA$525
Graystone Henderson1 Bedroom1BR,1BA$650
Ambassador VillasAmbassador 1 BD1BR,1BA$675
Franklin Place Apartments1 Bed, 1 bath1BR,1BA$675
PENNYRILE SENIOR APARTMENTS1 Bedroom 1 Bathroom1BR,1BA$695
Slate RunStudioStudio,1BA$704
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$705
Willow RunThe Hampton1BR,1BA$730
Addison PlaceWindsor1BR,1BA$750
Legion Park & Heartwood Court ApartmentsLegion 1 Bed1BR,1BA$750

Best Value Apartments for Rent in Madisonville, KY and Nearby

As of December 28, 2025 the best value apartment in the Madisonville area is the $0.95 price per square foot 3 Bedroom 2 Bath Model at Royal Arms of Owensboro in the starting from $1,330. The second greatest value Madisonville apartment is the 2 bedroom, 1 bathroom Townhouse Model at Liberty Landings starting at $999 with a $0.85 price per square foot . Here is today’s list of the best values for Madisonville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Royal Arms of Owensboro3 Bedroom 2 Bath3BR,2BA$0.95
Liberty Landings2 bedroom, 1 bathroom Townhouse2BR,1BA$0.85
Wilshire Townhomes2BR2BR,1.5BA$0.86
Canterbury ApartmentsPhase 22BR,2BA$0.90
Oak Tree Farms2 Bedroom, 1.5 Bath2BR,1.5BA$0.93
Morris Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$0.88
Eagle Crossing2 Bedroom2BR,1BA$0.95
Franklin Place Apartments1 Bed, 1 bath1BR,1BA$0.84
Ambassador VillasAmbassador 1 BD1BR,1BA$0.96
225 Clara’s1-bedroom1BR,1BA$0.91

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
Madisonville, KY

School data provided by Great Schools

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

Explore Madisonville, KY Rentals by Map

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Frequently Asked Questions about Cheap Madisonville Apartments

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

The lowest price for a Cheap One Bedroom Madisonville Apartment is $525 at 225 Clara’s.

What is the lowest price for a Cheap Two Bedroom Madisonville Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Madisonville is starting from $799 at Eagle Crossing.

What is the most affordable Madisonville Three Bedroom Apartment?

The best deal on a cheap Madisonville Three Bedroom Apartment rental is at Saddlebrook and starts from $1,249.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!