Cheap Apartments for Rent in Madisonville, KY from $500 (47 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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property at 106 Koffman Dr

$595 - $695

1 To 2 Bedroom Rentals

Available Now

106 Koffman Dr

HopkinsvilleKY42240

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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Little River Landings
1 to 3 Bedroom Apartments

Little River Landings

1101 Pyle LnHopkinsville, KY 42240
  • Utilities Included
property at 199 Ricedale Cir

$800 - $950

1 To 2 Bedroom Rentals

Available Now

199 Ricedale Cir

DrakesboroKY42337

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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Showing Results 1-47, 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 Willow Run priced from $515. Graystone Henderson in the Henderson North End neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Madisonville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Willow RunThe Hampton1BR,1BA$515
Graystone Henderson1 Bedroom1BR,1BA$625
225 Clara Drive*1/11BR,1BA$625
Slate RunStudioStudio,1BA$649
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$670
Senior Community-Franklin Place Apartments1 Bedroom1BR,1BA$675
PENNYRILE SENIOR APARTMENTS1 Bedroom 1 Bathroom1BR,1BA$699
Marketplace Commons Apartments1 Bedroom1BR,1BA$745
Addison PlaceWindsor1BR,1BA$749
Legion Park & Heartwood Court ApartmentsLegion 1 Bed1BR,1BA$750

Best Value Apartments for Rent in Madisonville, KY and Nearby

As of July 27, 2026 the best value apartment in the Madisonville area is the $1.02 price per square foot 2 bedroom, 1 bathroom Townhouse Model at Liberty Landings in the in the Hopkinsville neighborhood starting from $1,199. The second greatest value Madisonville apartment is the 2BR/1.0BA Model at Ross Center Village starting at $995 with a $0.87 price per square foot in the Lincoln-Bellemeade neighborhood. 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.
Liberty Landings2 bedroom, 1 bathroom Townhouse2BR,1BA$1.02
Ross Center Village2BR/1.0BA2BR,1BA$0.87
Cottonwood2 Bed Duplex2BR,1.5BA$1.05
Oak Tree Farms2 Bedroom, 1.5 Bath2BR,1.5BA$0.93
Morris Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.00
Indian WoodsThe Oak2BR,1BA$1.00
Willow RunThe Sterling2BR,1BA$0.92
Senior Community-Franklin Place Apartments1 BDR1BR,1BA$0.84
Parkside Apartments2 Bedroom2BR,1BA$1.03
Marketplace Commons Apartments1 Bedroom1BR,1BA$0.94

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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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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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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Madisonville, KY

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

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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 $795 at Willow Run.

What is the most affordable Madisonville Three Bedroom Apartment?

The best deal on a cheap Madisonville Three Bedroom Apartment rental is at Marketplace Commons Apartments 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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.