Cheap Apartments for Rent in Madisonville, KY from $515 (66 Rentals)

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

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Hidden Hills
1 to 2 Bedroom Apartments

Hidden Hills

401 Allison AveMadisonville, KY 42431
  • Utilities Included
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Pennyrile Park
1 to 3 Bedroom Apartments

Pennyrile Park

652 S Kentucky AveMadisonville, KY 42431

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Oak Tree Farms
Rent Specials
$898 - $998

Total Monthly Price

Base Rent$898 - $998
Total Monthly Price$898 - $998
1 to 2 Bedroom Apartments Available Now

Oak Tree Farms

2101 Pin Oak DrHopkinsville, KY 42240
Family Friendly
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  • Utilities Included
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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

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.

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Kirkman Terrace
1 to 2 Bedroom Apartments

Kirkman Terrace

100 Croft StHopkinsville, KY 42240
Senior Living
  • Utilities Included
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Little River Landings
1 to 3 Bedroom Apartments

Little River Landings

1101 Pyle LnHopkinsville, KY 42240
  • 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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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 Willow Run priced from $515. 225 Clara Drive has the second lowest priced unit, which is a 2 Beds apartment currently listed from $595. Here is today’s list of the most affordable Madisonville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Willow RunThe Hampton1BR, 1BA$515
225 Clara Drive*2/12BR, 1BA$595
Graystone Henderson1 Bedroom1BR, 1BA$675
Senior Community-Franklin Place Apartments1 Bedroom1BR, 1BA$675
Addison PlaceWindsor1BR, 1BA$699
PENNYRILE SENIOR APARTMENTS1 Bedroom 1 Bathroom1BR, 1BA$699
Heathmoore - Evansville1 Bed 1 Bath1BR, 1BA$715
Marketplace Commons Apartments1 Bedroom1BR, 1BA$745
Eagle Crossing1 Bedroom1BR, 1BA$749
Abbey Court ApartmentsCambridge1BR, 1BA$749

Best Value Apartments for Rent in Madisonville, KY and Nearby

As of September 20, 2026 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 starting from $1,330. The second greatest value Madisonville apartment is the 3 Bedroom Townhome Model at James Village in the Hopkinsville neighborhood starting at $1,032 with a $0.74 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
James Village3 Bedroom Townhome3BR, 2.5BA$0.74
Liberty Landings2 bedroom, 1 bathroom Townhouse2BR, 1BA$1.02
Cottonwood2 Bed Duplex2BR, 1.5BA$1.05
Oak Tree Farms2 Bedroom, 1.5 Bath2BR, 1.5BA$1.00
Willow RunThe Sterling2BR, 1BA$0.92
Parkside Apartments2 Bedroom2BR, 1BA$1.03
Senior Community-Franklin Place Apartments1 BDR1BR, 1BA$0.84
Marketplace Commons Apartments1 Bedroom1BR, 1BA$0.94
225 Clara Drive*1/11BR, 1BA$1.03

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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.

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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 $515 at Willow Run.

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 $595 at 225 Clara Drive.

What is the most affordable Madisonville Three Bedroom Apartment?

The best deal on a cheap Madisonville Three Bedroom Apartment rental is at James Village and starts from $1,032.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.