Cheap Apartments for Rent in Madras, OR from $500 (24 Rentals)

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

property at 171 SW C St

$650 - $1,300

Studio To 2 Bedroom Rentals

Available Now

171 SW C St

MadrasOR97741

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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Cascade Ridge
2 to 3 Bedroom Apartments

Cascade Ridge

366 SW M StMadras, OR 97741

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.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Madras, OR Local Guide

Cheapest Available Madras Apartments for Rent

 

The cheapest available apartment rental in Madras, OR is a Studio unit found at Discover The Nova: Redmond's Stylish New Studio Apartments in a Revamped Historic Motel. priced from $1,300. Mckenzie Meadows has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here is today’s list of the most affordable Madras apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Discover The Nova: Redmond's Stylish New Studio Apartments in a Revamped Historic Motel.StudioStudio,1BA$1,300
Mckenzie Meadows1 Bedroom Affordable Housing Units1BR,1BA$1,300
Lakeside Place Apartments1CStudio,1BA$1,340
Redmond LandingThe Landing2BR,2BA$1,424
StoneBriar Apartments1x11BR,1BA$1,449

Best Value Apartments for Rent in Madras, OR

As of February 03, 2026 the best value apartment in the Madras area is the $1.55 price per square foot The Deschutes Model at Redmond Landing in the starting from $1,823. The second greatest value Madras apartment is the 2 Bedroom 2 Bathroom 1st Floor Model at Escena Apartments starting at $1,950 with a $1.90 price per square foot in the Orchard neighborhood. 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$1.55
Escena Apartments2 Bedroom 2 Bathroom 1st Floor2BR,2BA$1.90
Drexel Redmond Apartments2BR/1.5BA2BR,1.5BA$1.63
356 - Canal Vista3770 Canal Vista 2 Bed 2 Bath2BR,2BA$1.77
Edgewater Apartments381 Reed Market 2 Bed 2 Bath2BR,2BA$1.94
North 882 Bedroom2BR,2BA$2.12
Oasis at 26002x12BR,1BA$2.05
Cascade Ridge2 Bed 1 Bath2BR,1BA$1.83
The Reserves at Pilot Butte - Phase 1 & 2Broken Top 1x11BR,1BA$2.13
StoneBriar Apartments1x11BR,1BA$2.00

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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 Discover The Nova: Redmond's Stylish New Studio Apartments in a Revamped Historic Motel. listed at $1,300.

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

The lowest price for a Cheap One Bedroom Madras Apartment is $1,300 at Mckenzie Meadows.

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 $1,424 at Redmond Landing.

What is the most affordable Madras Three Bedroom Apartment?

The best deal on a cheap Madras Three Bedroom Apartment rental is at Redmond Landing and starts from $1,642.

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.