3 Bedroom Apartments for Rent in Madrid, IA (57 Rentals)

708 E Sixth St

508 S Union St

706 E Sixth St

603 S Union St

335 N Market St

Destination 141

Savannah at Ankeny

Gateway

The Heights at Lincoln Swing

West Towne

Windsor Pointe

Hickory Ridge Apartments

Mortensen Heights

802 Dickinson Ave

Diamond Ridge Estates

The Summit at Heritage Apartments

Total Property Management 3206 Lincoln Way

Chevalia Ridge Apartments Grimes

West Ridge Apartments

SUNDANCE BOONE APARTMENTS

320 S Franklin Ave

4549 Steinbeck St

4334 Maricopa Dr

231 S Wilmoth Ave

605 4th Ave

4535 Twain Cir

3915 NW Cedarwood Ln

2725 NW Kate Shelley Ln

3813 Marigold Dr

1109 Ida Place

1113 Ida Place

1111 Ida Place

1107 Ida Place

134 Wilder Pl

2727 NW 21st St

1108 NE 21st St

2209 NW Sharmin Dr

2201 NW Sharmin Dr

5511 Greene St
Madrid, IA Local Guide

How much does it cost to rent an apartment in Madrid?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madrid Studio Apartments | $841 | $670 | $1,179 |
| Madrid 1 Bedroom Apartments | $1,143 | $725 | $1,830 |
| Madrid 2 Bedroom Apartments | $1,202 | $589 | $2,035 |
| Madrid 3 Bedroom Apartments | $1,413 | $515 | $2,410 |
| Madrid 4 Bedroom Apartments | $1,097 | $394 | $2,400 |
Browse Top Apartments in Madrid
See all Apartments in MadridExplore Madrid
Madrid, IA Local Guide
- Madrid Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Largest Available Madrid and Nearby 3 Bedroom Apartments
The largest available 3 Bedroom apartment unit in Madrid, IA is found at James Point Luxury Townhomes in the Kennybrook neighborhood and is 1,575 square feet priced from $1,895. Diamond Ridge Estates has the second largest 3 Bedroom, which is sized at 1,570 square feet and currently listed start at $2,020. Here is today’s list of the largest available 3 Bedroom units in Madrid:
| Apartment Listing | Model Name | Square Footage | Priced From |
|---|---|---|---|
| James Point Luxury Townhomes | A | 1,575 Sq Ft | $1,895 |
| Diamond Ridge Estates | Luxury Townhome | 1,570 Sq Ft | $2,020 |
| Walnut Ridge | 3515 Lincoln Way ( 3 bdrm ) | 1,475 Sq Ft | $1,845 |
| Furman Weststar Apartments | 3 BR | 1,330 Sq Ft | $1,460 |
| Oakwood | 3 Bed 2 Bath | 1,300 Sq Ft | Call for Rates |
| The Summit at Heritage Apartments | C1 | 1,292 Sq Ft | $1,539 |
| Destination 141 | Apartment- 3 Bedroom 2 Bathroom | 1,280 Sq Ft | $1,595 |
| Windsor Pointe | Oak 60% | 1,273 Sq Ft | $1,199 |
| Chevalia Ridge Apartments Grimes | 3 BR 2 BA | 1,150 Sq Ft | $1,500 |
| The Social West Ames® | Montrose Renovated - Station | 0 Sq Ft | $679 |
Cheapest Available Madrid and Nearby 3 Bedroom Apartments
As of November 15, 2025 the lowest priced 3 Bedroom apartment unit in Madrid, IA is the Villa Model starting from $1,099 at Anna's Grove by Kading . The second most affordable Madrid 3 Bedroom is the Oak 60% Model at Windsor Pointe starting at $1,199 in the Fountainview neighborhood. The average price for all 3 Bedroom apartments in Madrid is currently $1,413. Here is today’s list of the cheapest available 3 Bedroom options in Madrid:
| Apartment Listing | Model Name | Priced From |
|---|---|---|
| Anna's Grove by Kading | Villa | $1,099 |
| Windsor Pointe | Oak 60% | $1,199 |
| Villas at Deerwood | Villa | $1,210 |
| Hickory Ridge Apartments | 3 bed, 2 bath | $1,300 |
| Total Property Management 3206 Lincoln Way | 3 bedrooms | $1,350 |
| Furman Weststar Apartments | 3 BR | $1,460 |
| Chevalia Ridge Apartments Grimes | 3 BR 2 BA | $1,500 |
| The Summit at Heritage Apartments | C1 | $1,539 |
| Destination 141 | Apartment- 3 Bedroom 2 Bathroom | $1,595 |
| Walnut Ridge | 3515 Lincoln Way ( 3 bdrm ) | $1,845 |
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.
Best Local Schools in Madrid, IA
Madrid Junior High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Madrid, IA Rentals by Map
See the most popular apartments and homes in Madrid, IA
Getting Around Madrid, IA
Walk Score®
37 / 100
Car-Dependent
Most errands require a car
Bike Score®
47 / 100
Somewhat Bikeable
Minimal 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 3 Bedroom Madrid Apartments
What is the Cheapest apartment in Madrid with 3 Bedroom?
Currently the most affordable 3 Bedroom in Madrid is at Anna's Grove by Kading listed at $1,099.
How much is the average rent for a 3 Bedroom Madrid Apartment?
The average rent for a 3 Bedroom Apartment in Madrid is $1,413.
What is the largest available 3 Bedroom Madrid Apartment for rent?
Today's apartment with the most square footage in Madrid is a 1,575 square feet unit starting from $1,895 at James Point Luxury Townhomes.
What is the average size for Madrid 3 Bedroom Apartments for rent?
The average size for a 3 Bedroom rental in Madrid is currently 1,100 sq ft.
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.

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.

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.










