Cheap Apartments for Rent in Madras, OR from $400 (58 Rentals)

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Search the lowest-cost Apartments available for rent right now in Madras.

property at 171 SW C St

$750 - $800

1 Bedroom Rentals

Available Now

171 SW C St

MadrasOR97741
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Madras Estates
1 to 2 Bedroom Apartments

Madras Estates

242 SW 3rd StMadras, OR 97741
Senior Living
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Cascade Ridge
2 to 3 Bedroom Apartments

Cascade Ridge

366 SW M StMadras, OR 97741

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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The Mill at Ochoco
Rent Specials
$1,589 - $2,260
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Total Monthly Price

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$1,589 - $2,260
Total Monthly Price
$1,589 - $2,260
1 to 3 Bedroom Apartments Available Now

The Mill at Ochoco

250 NE Saint Charles WayPrineville, OR 97754
Luxury
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The Nest
Rent Specials
$1,599 - $2,299
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Total Monthly Price

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$1,599 - $2,299
Total Monthly Price
$1,599 - $2,299
Studio to 2 Bedroom Apartments Available Now

The Nest

1609 SW Chandler AveBend, OR 97702
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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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Range Apartments
Rent Specials
$1,695 - $2,950
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Total Monthly Price

Base Rent
$1,695 - $2,950
Total Monthly Price
$1,695 - $2,950
1 to 2 Bedroom Apartments Available Now

Range Apartments

3001 NW Clearwater DrBend, OR 97703
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Jackstraw
Rent Specials
$1,750 - $3,825
Total Monthly Price

Total Monthly Price

Base Rent
$1,750 - $3,825
Total Monthly Price
$1,750 - $3,825
Studio to 3 Bedroom Apartments Available Now

Jackstraw

310 SW Industrial WayBend, OR 97701
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RedPoint
Rent Specials
$1,773 - $2,425
Total Monthly Price

Total Monthly Price

Base Rent
$1,773 - $2,425
Total Monthly Price
$1,773 - $2,425
1 to 3 Bedroom Apartments Available Now

RedPoint

1329 SW Pumice AveRedmond, OR 97756
Family Friendly
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  • 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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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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Madras, OR Local Guide

Cheapest Available Madras Apartments for Rent

 

The cheapest available apartment rental in Madras, OR is a 1 Bed unit found at Legacy Landing in the Orchard neighborhood priced from $465. Chennai Landing in the Jefferson County neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $675. Here is today’s list of the most affordable Madras apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Legacy Landing1 Bed, 1 bath1BR,1BA$465
Chennai Landing2 Bed/1 Ba2BR,1BA$675
Nine Peaks1 Bed, 1 bath1BR,1BA$915
Rolling Sage2 Bed/1 Ba2BR,1BA$1,028
Vintage at Bend2B | Age 55+2BR,1BA$1,414
Redmond LandingThe Landing2BR,2BA$1,493
Lakeside Place1AAStudio,1BA$1,495
The CurrentThe SantiamStudio,1BA$1,559
The Mill at OchocoJuniper1BR,1BA$1,589
The NestA4Studio,1BA$1,599

Best Value Apartments for Rent in Madras, OR

As of August 08, 2026 the best value apartment in the Madras area is the $1.63 price per square foot The Deschutes Model at Redmond Landing in the starting from $1,912. The second greatest value Madras apartment is the Frontier Model at Ridgeview Heights starting at $1,750 with a $1.62 price per square foot . Here is today’s list of the best values for Madras apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Redmond LandingThe Deschutes4BR,2BA$1.63
Ridgeview HeightsFrontier2BR,2BA$1.62
Drexel Redmond Apartments2BR/1.5BA2BR,1.5BA$1.68
356 - Canal Vista3780 Canal Vista 2 Bed 2 Bath2BR,2BA$1.79
Stone Creek Apartments2 Bed/2 Bath2BR,2BA$1.87
Rolling Sage2 Bed/1 Ba2BR,1BA$1.18
Chennai Landing2 Bed/1 Ba2BR,1BA$0.80
Vintage at Bend2B | Age 55+2BR,1BA$1.77
Legacy Landing1 Bed, 1 bath1BR,1BA$0.66
Nine Peaks1 Bed, 1 bath1BR,1BA$1.38

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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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 Lakeside Place listed at $1,495.

How much is rent for a Cheap One Bedroom Madras Apartment?

The lowest price for a Cheap One Bedroom Madras Apartment is $465 at Legacy Landing.

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 $675 at Chennai Landing.

What is the most affordable Madras Three Bedroom Apartment?

The best deal on a cheap Madras Three Bedroom Apartment rental is at Chennai Landing and starts from $778.

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.

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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.

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.