close
View Me
$670 - $945Studio to 2 Bedroom Apartments Available Now
College Creek Apartments
4815 Todd DrAmes, IA 50014
Cheap Apartments for Rent in Madrid, IA from $300 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Madrid.
close
View Me
$675 - $1,010Studio to 2 Bedroom Apartments Available Now
Western Hills Apartments
235 SinclairAmes, IA 50014
close
View Me
$725 - $1,300Studio to 3 Bedroom Apartments Available Now
Hickory Ridge Apartments
4301 Lincoln SwingAmes, IA 50014
close
View Me
$750 - $985Studio to 2 Bedroom Apartments Available Now
Wyndsor Terrace
4320 Westbrook DrAmes, IA 50014
close
View Me
close
View Me
Rent Specials
$799 - $1,299Studio to 4 Bedroom Apartments Available Aug 4, 2026
Gateway
1300 Gateway Hills Park DrAmes, IA 50014
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.
close
View Me
Rent Specials
$840 - $2,325Studio to 5 Bedroom Apartments Available Aug 7, 2026
West Towne
4720 Mortensen RdAmes, IA 50014
close
View Me
$875 - $1,0751 to 2 Bedroom Apartments Available Now
West Village Apartments
4611 Mortensen RdAmes, IA 50014
close
View Me
Rent Specials
$888 - $1,6441 to 2 Bedroom Apartments Available Now
Fieldstream Apartment Homes
1735 NW Fieldstream LnAnkeny, IA 50023
close
View Me
Rent Specials
$895 - $2,257Studio to 3 Bedroom Apartments Available Now
Destination 141
1360 Mocking Bird LnGrimes, IA 50111
close
View Me
$895 - $9952 to 3 Bedroom Apartments Available Now
SUNDANCE BOONE APARTMENTS
1309 S Linn StBoone, IA 50036
close
View Me
Rent Specials
$900 - $1,3701 to 2 Bedroom Apartments Contact Us For Availability
Haven Apartments
1201 Florida AveAmes, IA 50014
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.
3322 Story St
AmesIA50014
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
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.
320 S Franklin Ave
AmesIA50014
311 S Franklin Ave
AmesIA50014
309 S Franklin Ave
AmesIA50014
315 S Franklin Ave
AmesIA50014
313 S Franklin Ave
AmesIA50014
close
View Me
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.
close
View Me
Showing Results 1-25, Page 1 of 1
Madrid, IA Local Guide
High Trestle Trail Bridge by Phil Roeder is licensed under CC BY 2.0
How much does it cost to rent an apartment in Madrid?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madrid Studio Apartments | $836 | $670 | $1,179 |
| Madrid 1 Bedroom Apartments | $1,117 | $725 | $1,810 |
| Madrid 2 Bedroom Apartments | $1,210 | $589 | $2,035 |
| Madrid 3 Bedroom Apartments | $1,507 | $509 | $2,410 |
| Madrid 4 Bedroom Apartments | $1,188 | $384 | $2,300 |
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
Cheapest Neighborhoods for Apartments in Madrid, IA
Pricing Updated: 10/30/2025Current apartment rentals in the Madrid, IA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Madrid Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Royal Estates | $755 | $755 | 1 |
Cheapest Available Madrid Apartments for Rent and Nearby
The cheapest available apartment rental in Madrid, IA is a Studio unit found at Hickory Ridge Apartments in the Eagle Ridge neighborhood priced from $725. Wyndsor Terrace in the Eagle Ridge neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here is today’s list of the most affordable Madrid apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hickory Ridge Apartments | 0 bed, 1 bath | Studio,1BA | $725 |
| Wyndsor Terrace | Studio | Studio,1BA | $750 |
| Granger Lofts | 1BR Ground | 1BR,1BA | $755 |
| The Ridge Apartments | 1 Bedroom/1 Bathroom | 1BR,1BA | $775 |
| Oakwood | 1 bedroom | 1BR,1BA | $799 |
Best Value Apartments for Rent in Madrid, IA and Nearby
As of October 31, 2025 the best value apartment in the Madrid area is the $1.05 price per square foot 3505 Lincoln Way ( 4 bdrm ) Model at Walnut Ridge in the in the Eagle Ridge neighborhood starting from $2,280. The second greatest value Madrid apartment is the 3 Beds / 2 Baths Model at 802 Dickinson Ave starting at $1,200 with a $0.92 price per square foot in the Fountainview neighborhood. Here is today’s list of the best values for Madrid apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Walnut Ridge | 3505 Lincoln Way ( 4 bdrm ) | 4BR,3BA | $1.05 |
| 802 Dickinson Ave | 3 Beds / 2 Baths | 3BR,2BA | $0.92 |
| Tripp Street Apartments | 4 Bedroom/2 Bathroom | 4BR,2BA | $0.24 |
| The Social West Ames® | Montrose Renovated - Station | 3BR,2BA | $0.55 |
| The Madison | 3x3 Unfurnished | 3BR,3BA | $0.47 |
| Furman Western Hills | 2BR 2BA | 2BR,2BA | $0.99 |
| Western Hills Apartments | 2 Beds, 2 baths | 2BR,2BA | $1.05 |
| SUNDANCE BOONE APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.08 |
| College Creek Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.04 |
| Oakwood | 1 bedroom | 1BR,1BA | $1.07 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read Article
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 ArticleThe 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.
Read ArticleQuick 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.
Let everyone know!
Do you know the Madrid area?
If you’re an expert on all things Madrid, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Best Local Schools in Madrid, IA
Madrid Junior High School
Madrid Community School District
Public School - Grades 6-8 (153)
6 out of 10
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 Cheap Madrid Apartments
What is the Cheapest Studio apartment in Madrid?
Currently the most affordable Cheap Studio Apartment in Madrid is at Hickory Ridge Apartments listed at $725.
How much is rent for a Cheap One Bedroom Madrid Apartment?
The lowest price for a Cheap One Bedroom Madrid Apartment is $755 at Granger Lofts.
What is the lowest price for a Cheap Two Bedroom Madrid Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Madrid is starting from $845 at College Creek Apartments.
What is the most affordable Madrid Three Bedroom Apartment?
The best deal on a cheap Madrid Three Bedroom Apartment rental is at Windsor Pointe and starts from $1,199.
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.