
Cheap Homes for Rent in Madisonville, KY from $500 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Madisonville.


26 Yoakum Cir

2830 Greenville Rd

100 Laurel Cove Dr

0 100 Laurel Cove Dr

5 N Main St

1913 B Jan Dr
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.

410 Lucky Debonair St

102 Laurel Cove Dr

608 Park Ave

199 Ricedale Cir

710 Riverview Dr

922 L C Ave

132 S McPherson St
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.
Madisonville, KY Local Guide

How much does it cost to rent a home in Madisonville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madisonville 2 Bedroom Homes for Rent | $911 | $650 | $1,400 |
| Madisonville 3 Bedroom Homes for Rent | $1,655 | $900 | $3,500 |
| Madisonville 4 Bedroom Homes for Rent | $1,097 | $1,000 | $1,195 |
Browse Top Homes for Rent in Madisonville
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Madisonville, KY Local Guide
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Cheapest Available Madisonville Apartments for Rent and Nearby
 The cheapest available apartment rental in Madisonville, KY is a 1 Bed unit found at Marketplace Commons Apartments priced from $325. Willow Run has the second lowest priced unit, which is a 1 Bed apartment currently listed from $515. Here is today’s list of the most affordable Madisonville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Marketplace Commons Apartments | 1 Bedroom | 1BR,1BA | $325 |
| Willow Run | The Hampton | 1BR,1BA | $515 |
| 225 Clara Drive | *2/1 | 2BR,1BA | $625 |
| Graystone Henderson | 1 Bedroom | 1BR,1BA | $625 |
| Slate Run | Studio | Studio,1BA | $649 |
Best Value Apartments for Rent in Madisonville, KY and Nearby
As of July 07, 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 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 $1,199 with a $1.02 price per square foot in the Hopkinsville neighborhood. 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 |
| Liberty Landings | 2 bedroom, 1 bathroom Townhouse | 2BR,1BA | $1.02 |
| Ross Center Village | 2BR/1.0BA | 2BR,1BA | $0.87 |
| Oak Tree Farms | 2 Bedroom, 1.5 Bath | 2BR,1.5BA | $0.93 |
| Morris Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.00 |
| Indian Woods | The Oak | 2BR,1BA | $0.95 |
| Willow Run | The Sterling | 2BR,1BA | $0.92 |
| Parkside Apartments | 2 Bedroom | 2BR,1BA | $1.03 |
| Senior Community-Franklin Place Apartments | 1 BDR | 1BR,1BA | $0.84 |
| Marketplace Commons Apartments | 1 Bedroom | 1BR,1BA | $0.41 |
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.
Read ArticleReal 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.
Read ArticleQuick 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
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Madisonville
What type of rentals are currently available in Madisonville?
There are currently 56 Apartments for Rent in Madisonville, KY with pricing that ranges from $325 to $1,650. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madisonville ranging from $595 to $3,500.
What is the current price range for Rental Homes in Madisonville?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Madisonville ranges from $595 to $3,500 with an average monthly rent of $1,092.
How much are larger Three and Four Bedroom Rentals in Madisonville?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Madisonville range from $450 to $1,585, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $1,600.
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

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.

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.

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.