
Cheap Apartments for Rent in Madisonville, KY from $400 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in Madisonville.


Village Green
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.

PENNYRILE SENIOR APARTMENTS

Heathmoore - Evansville

Legion Park & Heartwood Court Apartments

Keystone Apartments
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.

126 E Broad St

112 Robinwood Dr
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.

40 Yoakum Cir

145 Clara St
Madisonville, KY Local Guide

How much does it cost to rent an apartment in Madisonville?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Madisonville Studio Apartments | $741 | $550 | $899 |
Madisonville 1 Bedroom Apartments | $849 | $525 | $1,175 |
Madisonville 2 Bedroom Apartments | $1,031 | $625 | $1,525 |
Madisonville 3 Bedroom Apartments | $3,625 | $725 | $10,000+ |
Madisonville 4 Bedroom Apartments | $1,625 | $1,600 | $1,650 |
Browse Top Apartments in Madisonville
See all Apartments in MadisonvilleExplore Madisonville
Madisonville, KY Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $599. Here is today’s list of the most affordable Madisonville apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
225 Clara’s | 1-bedroom | 1BR,1BA | $525 |
Graystone Henderson | 1 Bedroom | 1BR,1BA | $599 |
PENNYRILE SENIOR APARTMENTS | 1 Bedroom 1 Bathroom | 1BR,1BA | $635 |
Ambassador Villas | Ambassador 1 BD | 1BR,1BA | $675 |
Eagle Crossing | 1 Bedroom | 1BR,1BA | $699 |
Best Value Apartments for Rent in Madisonville, KY and Nearby
As of July 02, 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 Phase 2 Model at Canterbury Apartments starting at $950 with a $0.90 price per square foot . Here is today’s list of the best values for Madisonville apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Royal Arms of Owensboro | 3 Bedroom 2 Bath | 3BR,2BA | $0.95 |
Canterbury Apartments | Phase 2 | 2BR,2BA | $0.90 |
Cottonwood | 2 Beds, 1.5 baths | 2BR,1.5BA | $1.00 |
Morris Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $0.94 |
Kingston Square Apartments | Two Bedroom | 2BR,1BA | $1.02 |
Parkside Apartments | 2 Bedroom | 2BR,1BA | $1.03 |
PENNYRILE SENIOR APARTMENTS | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.06 |
Ambassador Villas | Ambassador 1 BD | 1BR,1BA | $0.96 |
Eagle Crossing | 1 Bedroom | 1BR,1BA | $1.04 |
225 Clara’s | 1-bedroom | 1BR,1BA | $0.91 |
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.
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
See the most popular apartments and homes in Madisonville, KY
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 $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 $750 at PENNYRILE SENIOR APARTMENTS.
What is the most affordable Madisonville Three Bedroom Apartment?
The best deal on a cheap Madisonville Three Bedroom Apartment rental is at 225 Clara’s and starts from $725.
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.

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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.