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


106 Koffman Dr

2830 Greenville Rd

0 100 Laurel Cove Dr

100 Laurel Cove Dr

118 N Fowler Ave

709 Hope St
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.

1010 Stewart Ave

109 Holley Dr

921 L C Ave

925 L C Ave

131 Means Ave

132 S McPherson St

1935 High St
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.
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 | $903 | $650 | $1,100 |
| Madisonville 3 Bedroom Homes for Rent | $1,503 | $900 | $2,200 |
| Madisonville 4 Bedroom Homes for Rent | $1,200 | $1,000 | $1,400 |
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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 $625. 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 | $625 |
| Senior Community-Franklin Place Apartments | 1 Bedroom | 1BR,1BA | $675 |
| Graystone Henderson | 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 August 21, 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 $895 with a $0.78 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 | $0.78 |
| Cottonwood | 2 Bed Duplex | 2BR,1.5BA | $1.05 |
| Oak Tree Farms | 2 Bedroom, 1.5 Bath | 2BR,1.5BA | $0.98 |
| Morris Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $0.88 |
| 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 | $0.94 |
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.
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.
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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 55 Apartments for Rent in Madisonville, KY with pricing that ranges from $625 to $1,720. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madisonville ranging from $500 to $2,200.
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 $500 to $2,200 with an average monthly rent of $1,200.
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 $625 to $1,720, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $2,200. 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

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.

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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.