Cheap Apartments for Rent in Madras, OR from $700 (33 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 171 SW C St

$800 - $1,100

1 To 2 Bedroom Rentals

Available Now

171 SW C St

MadrasOR97741
close
View Me
Madras Estates
1 to 2 Bedroom Apartments

Madras Estates

242 SW 3rd StMadras, OR 97741
Senior Living
  • Utilities Included
close
View Me
Cascade Ridge
2 to 3 Bedroom Apartments

Cascade Ridge

366 SW M StMadras, OR 97741

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.

Read Article

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.

Read Article
close
View Me
The Nest
Rent Specials
$1,599 - $2,299
Total Monthly Price

Total Monthly Price

Base Rent
$1,599 - $2,299
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Jun 24

The Nest

1609 SW Chandler AveBend, OR 97702
Active Lifestyle
  • Verified
  • Customer Reviewed
  • 3D Tour

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
close
View Me
Solis at Petrosa
1 to 3 Bedroom Apartments

Solis at Petrosa

63190 Deschutes Market RdBend, OR 97701

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article
Showing Results 1-33, Page 1 of 1

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 Nine Peaks in the Orchard neighborhood priced from $915. McKenzie Meadows Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,350. Here is today’s list of the most affordable Madras apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Nine Peaks1 Bed, 1 bath1BR,1BA$915
McKenzie Meadows Apartments1 Bedroom1BR,1BA$1,350
Vintage at Bend2B | Age 55+2BR,1BA$1,414
Mountain Glen Apartments1x11BR,1BA$1,475
Redmond LandingThe Landing2BR,2BA$1,493
Dry Canyon ApartmentsStudioStudio,1BA$1,575
The Mill at OchocoJuniper1BR,1BA$1,589
Solis at PetrosaHosmer Garden1BR,1BA$1,595
Outlook at Pilot ButteTanagerStudio,1BA$1,614
Lakeside Place1DStudio,1BA$1,625

Best Value Apartments for Rent in Madras, OR

As of June 20, 2026 the best value apartment in the Madras area is the $1.93 price per square foot Deschutes w/Covered Parking + Storage Model at The Veridian in the in the River West neighborhood starting from $2,650. The second greatest value Madras apartment is the The Deschutes Model at Redmond Landing starting at $1,912 with a $1.63 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.
The VeridianDeschutes w/Covered Parking + Storage2BR,2.5BA$1.93
Redmond LandingThe Deschutes4BR,2BA$1.63
Seasons at Farmington ReserveHaystack2BR,2BA$1.83
Ridgeview HeightsFrontier2BR,2BA$1.62
Escena Apartments2 Bedroom 2 Bathroom Top Floor.2BR,2BA$1.95
356 - Canal Vista3780 Canal Vista 2 Bed 2 Bath2BR,2BA$1.79
Stone Creek Apartments2 Bed/2 Bath2BR,2BA$1.87
Sienna PointeSage2BR,1BA$2.10
Vintage at Bend2B | Age 55+2BR,1BA$1.77
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.

Read Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Best Local Schools in
Madras, OR

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Madras, OR Rentals by Map

Decorative image of map

See the most popular apartments and homes in Madras, OR

View Map
Madras, OR Apartments Map
View Map
Madras, OR Rental Homes Map

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 Dry Canyon Apartments listed at $1,575.

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

The lowest price for a Cheap One Bedroom Madras Apartment is $915 at Nine Peaks.

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 $1,020 at Nine Peaks.

What is the most affordable Madras Three Bedroom Apartment?

The best deal on a cheap Madras Three Bedroom Apartment rental is at Nine Peaks and starts from $1,150.

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

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.