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


2830 Greenville Rd

102 Laurel Cove Dr

0 100 Laurel Cove Dr

410 Lucky Debonair St

114 Maplelawn St

199 Ricedale Cir
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.

115 Means Ave

601 Orchard St

1937 High St

28 Yoakum Cir

1202 Cates St

1807 S Kerth Ave

208 E 17th 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 | $1,069 | $650 | $1,900 |
| Madisonville 3 Bedroom Homes for Rent | $1,618 | $975 | $3,700 |
| Madisonville 4 Bedroom Homes for Rent | $950 | $900 | $1,000 |
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 Willow Run priced from $515. 225 Clara Drive has the second lowest priced unit, which is a 2 Beds apartment currently listed from $600. Here is today’s list of the most affordable Madisonville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Willow Run | The Hampton | 1BR,1BA | $515 |
| 225 Clara Drive | *2/1 | 2BR,1BA | $600 |
| Graystone Henderson | 1 Bedroom | 1BR,1BA | $625 |
| Senior Community-Franklin Place Apartments | 1 Bedroom | 1BR,1BA | $675 |
| PENNYRILE SENIOR APARTMENTS | 1 Bedroom 1 Bathroom | 1BR,1BA | $699 |
Best Value Apartments for Rent in Madisonville, KY and Nearby
As of May 19, 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 2BR/1.0BA Model at Ross Center Village starting at $975 with a $0.85 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Royal Arms of Owensboro | 3 Bedroom 2 Bath | 3BR,2BA | $0.95 |
| Ross Center Village | 2BR/1.0BA | 2BR,1BA | $0.85 |
| Oak Tree Farms | 2 Bedroom, 1.5 Bath | 2BR,1.5BA | $0.93 |
| Morris Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $0.89 |
| Hornbrook Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $0.93 |
| Indian Woods | The Oak | 2BR,1BA | $1.00 |
| Willow Run | The Sterling | 2BR,1BA | $0.92 |
| Eagle Crossing | 2 Bedroom | 2BR,1BA | $1.01 |
| Parkside Apartments | 2 Bedroom | 2BR,1BA | $1.03 |
| Senior Community-Franklin Place Apartments | 1 BDR | 1BR,1BA | $0.84 |
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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See the most popular apartments and homes in Madisonville, KY
Frequently Asked Questions about Madisonville
What type of rentals are currently available in Madisonville?
There are currently 54 Apartments for Rent in Madisonville, KY with pricing that ranges from $580 to $1,650. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madisonville ranging from $595 to $3,700.
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 $3,700 with an average monthly rent of $1,024.
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 $600 to $1,585, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $3,700. Four Bedroom Single-Family rentals are also available starting from $900 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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.