
Cheap Apartments for Rent in Madras, OR from $500 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in Madras.


242 SW 3rd St

457-463 SW Madison St

156 SW 3rd St

Awbrey Pines on the Butte
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.

Vintage at Bend

Lakeside Place Apartments

Rio Vista Apartments

Peak 42

8483 N W Lone Pine Rd
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.
Madras, OR Local Guide

How much does it cost to rent an apartment in Madras?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Madras Studio Apartments | $1,783 | $995 | $2,199 |
Madras 1 Bedroom Apartments | $2,058 | $553 | $3,250 |
Madras 2 Bedroom Apartments | $2,607 | $1,414 | $4,250 |
Madras 3 Bedroom Apartments | $2,880 | $1,895 | $4,250 |
Madras 4 Bedroom Apartments | $2,600 | $2,600 | $2,600 |
Browse Top Apartments in Madras
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Madras, OR Local Guide
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Cheapest Available Madras Apartments for Rent and Nearby
 The cheapest available apartment rental in Madras, OR is a Studio unit found at Awbrey Pines on the Butte in the River West neighborhood priced from $995. Vintage at Bend in the Orchard neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,308. Here is today’s list of the most affordable Madras apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Awbrey Pines on the Butte | Studio | Studio,1BA | $995 |
Vintage at Bend | 2B | Age 55+ | 2BR,1BA | $1,308 |
Lakeside Place Apartments | 1C | Studio,1BA | $1,340 |
Rio Vista Apartments | Two Bed | 2BR,1BA | $1,495 |
The Hixon at Westside Yard | Shevlin | Studio,1BA | $1,549 |
Best Value Apartments for Rent in Madras, OR and Nearby
As of October 14, 2025 the best value apartment in the Madras area is the $1.47 price per square foot 4 Beds, 3 Baths Model at 2141 SW 19th St in the starting from $2,600. The second greatest value Madras apartment is the 3x2 A Model at RedPoint starting at $2,475 with a $1.90 price per square foot . Here is today’s list of the best values for Madras apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
2141 SW 19th St | 4 Beds, 3 Baths | 4BR,3BA | $1.47 |
RedPoint | 3x2 A | 3BR,2BA | $1.90 |
Westmount Luxury Apartment Homes | 1 | 2BR,2BA | $1.70 |
#190 WILD HORSE MESA | 2x2m|3 | 2BR,2BA | $1.60 |
Drexel Redmond Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.68 |
Escena Apartments | 2 Bedroom 1 Bathroom 1st Floor (XL) | 2BR,1BA | $1.97 |
Rio Vista Apartments | Two Bed | 2BR,1BA | $1.57 |
The Commons @ Pilot Butte Apartment Homes | GRANITE | 2BR,1BA | $2.02 |
Vintage at Bend | 2B | Age 55+ | 2BR,1BA | $1.64 |
Bellevue Crossing Apartments | The Santiam | 1BR,1BA | $2.01 |
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Best Local Schools in Madras, OR
Madras Elementary School
Buff Intermediate School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Madras, OR
Walk Score®
44 / 100
Car-Dependent
Most errands require a car
Bike Score®
53 / 100
Bikeable
Some 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 Madras Apartments
What is the Cheapest Studio apartment in Madras?
Currently the most affordable Cheap Studio Apartment in Madras is at Awbrey Pines on the Butte listed at $995.
How much is rent for a Cheap One Bedroom Madras Apartment?
The lowest price for a Cheap One Bedroom Madras Apartment is $1,255 at Awbrey Pines on the Butte.
What is the lowest price for a Cheap Two Bedroom Madras Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Madras is starting from $1,308 at Vintage at Bend.
What is the most affordable Madras Three Bedroom Apartment?
The best deal on a cheap Madras Three Bedroom Apartment rental is at Awbrey Pines on the Butte and starts from $1,895.
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.