Cheap Apartments for Rent in Madisonville, KY from $500 (41 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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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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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
  • Utilities Included

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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Little River Landings
1 to 3 Bedroom Apartments

Little River Landings

1101 Pyle LnHopkinsville, KY 42240
  • Utilities Included

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 1-41, 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 Ambassador Villas priced from $675. PENNYRILE SENIOR APARTMENTS has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Madisonville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ambassador VillasAmbassador 1 BD1BR,1BA$675
PENNYRILE SENIOR APARTMENTS1 Bedroom 1 Bathroom1BR,1BA$695
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$725
Willow RunThe Hampton1BR,1BA$730
Legion Park & Heartwood Court ApartmentsLegion 1 Bed1BR,1BA$750
1631 S Main StOne Bed1BR,1BA$750
Keystone Apartments1 Bedroom1BR,1BA$779
Kirkman Terrace1 Bedroom1BR,1BA$795
Eagle Crossing2 Bedroom2BR,1BA$799
Slate RunOne Bedroom One Bath1BR,1BA$809

Best Value Apartments for Rent in Madisonville, KY and Nearby

As of November 13, 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$0.95
Canterbury ApartmentsPhase 22BR,2BA$0.90
Oak Tree Farms2 Bedroom, 1.5 Bath2BR,1.5BA$0.93
Village GreenMulberry2BR,1BA$0.97
Morris Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$0.88
Eagle Crossing2 Bedroom2BR,1BA$0.95
Kingston Square ApartmentsTwo Bedroom2BR,1BA$1.02
Ambassador VillasAmbassador 1 BD1BR,1BA$0.96

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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.

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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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Getting Around Madisonville, KY

Walk Score®

40 / 100

Car-Dependent

Most errands require a car

Bike Score®

37 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $675 at Ambassador Villas.

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 Park on Country Club and starts from $1,169.

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.

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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! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.