Cheap Apartments for Rent in Madras, OR from $500 (35 Rentals)

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Cascade Ridge
2 to 3 Bedroom Apartments

Cascade Ridge

366 SW M StMadras, OR 97741

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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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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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 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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Showing Results 1-35, Page 1 of 1

Madras, OR Local Guide

Cheapest Available Madras Apartments for Rent

 

The cheapest available apartment rental in Madras, OR is a 2 Beds unit found at Vintage at Bend in the Orchard neighborhood priced from $1,308. Lakeside Place Apartments in the River West neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,340. Here is today’s list of the most affordable Madras apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Vintage at Bend2C | Age 55+2BR,1BA$1,308
Lakeside Place Apartments1CStudio,1BA$1,340
Redmond LandingThe Landing2BR,2BA$1,424
Rio Vista ApartmentsTwo Bed2BR,1BA$1,445
Drexel Redmond Apartments2BR/1.5BA2BR,1BA$1,475
Peak 421 Bed 1 Bath C1BR,1BA$1,490
Range ApartmentsOne Bed One Bath B1BR,1BA$1,495
The Hixon at Westside YardShevlinStudio,1BA$1,499
Seasons at Farmington ReserveSweetcorn1BR,1BA$1,534
Outlook at Pilot ButteTanagerStudio,1BA$1,542

Best Value Apartments for Rent in Madras, OR

As of November 30, 2025 the best value apartment in the Madras area is the $1.70 price per square foot 1 Model at Westmount Luxury Apartment Homes in the starting from $2,200. The second greatest value Madras apartment is the 3 Bedroom 2 Bathroom 1st Floor Model at Escena Apartments starting at $2,075 with a $1.74 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.
Westmount Luxury Apartment Homes12BR,2BA$1.70
Escena Apartments3 Bedroom 2 Bathroom 1st Floor3BR,2BA$1.74
Redmond LandingThe Deschutes4BR,2BA$1.55
StoneBriar Apartments3x23BR,2BA$1.77
Ridgeview HeightsFrontier2BR,2BA$1.62
#190 WILD HORSE MESA2x2m|22BR,2BA$1.63
RedPoint2x2 A2BR,2BA$1.85
Drexel Redmond Apartments2BR/1.5BA2BR,1.5BA$1.46
Rio Vista ApartmentsTwo Bed2BR,1BA$1.52
Vintage at Bend2C | Age 55+2BR,1BA$1.63

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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Best Local Schools in
Madras, OR

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
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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 Lakeside Place Apartments listed at $1,340.

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

The lowest price for a Cheap One Bedroom Madras Apartment is $1,490 at Peak 42.

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 Redmond Landing and starts from $1,642.

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.