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$670 - $945Studio to 2 Bedroom Apartments Available Now
College Creek Apartments
4815 Todd DrAmes, IA 50014
Cheap Apartments for Rent in Madrid, IA from $400 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in Madrid.
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$675 - $1,010Studio to 2 Bedroom Apartments Available Now
Western Hills Apartments
235 SinclairAmes, IA 50014
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Rent Specials
$725 - $949Studio to 2 Bedroom Apartments Available Aug 1
Hickory Ridge Apartments
4301 Lincoln SwingAmes, IA 50014
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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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Rent Specials
$780 - $1,160Studio to 4 Bedroom Apartments Available Aug 4
Gateway
1300 Gateway Hills Park DrAmes, IA 50014
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$790 - $1,2451 to 3 Bedroom Apartments Available Aug 1
West Field Apartments
5910 Lincoln WayAmes, IA 50014
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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Rent Specials
$799 - $1,0991 to 2 Bedroom Apartments Available Now
Oakwood
2101 Oakwood RdAmes, IA 50014
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4406 Castlewood Pl
AmesIA50014
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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 | $930 | $670 | $1,199 |
| Madrid 1 Bedroom Apartments | $1,142 | $675 | $1,790 |
| Madrid 2 Bedroom Apartments | $1,271 | $599 | $2,015 |
| Madrid 3 Bedroom Apartments | $1,467 | $519 | $2,500 |
| Madrid 4 Bedroom Apartments | $739 | $409 | $2,280 |
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 Available Madrid Apartments for Rent and Nearby
The cheapest available apartment rental in Madrid, IA is a Studio unit found at College Creek Apartments in the Eagle Ridge neighborhood priced from $670. Western Hills Apartments in the Fountainview neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here is today’s list of the most affordable Madrid apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| College Creek Apartments | Studio, 1 bath | Studio,1BA | $670 |
| Western Hills Apartments | 1 Bed, 1 bath | 1BR,1BA | $745 |
| Oakwood | 1 bedroom | 1BR,1BA | $799 |
| SUNDANCE BOONE APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $895 |
| Haven Apartments | Elm | 1BR,1BA | $900 |
Best Value Apartments for Rent in Madrid, IA and Nearby
As of July 27, 2025 the best value apartment in the Madrid area is the $1.18 price per square foot B Model at James Point Luxury Townhomes in the in the Kennybrook neighborhood starting from $1,895. The second greatest value Madrid apartment is the 3BR/2.0BA Model at Village at Rock Creek starting at $1,795 with a $1.25 price per square foot in the Georgetown 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. |
|---|---|---|---|
| James Point Luxury Townhomes | B | 3BR,2.5BA | $1.18 |
| Village at Rock Creek | 3BR/2.0BA | 3BR,2.5BA | $1.25 |
| Fieldstream Apartment Homes | Two Bedroom | 2BR,2BA | $1.22 |
| The Madison | 3x3 Furnished | 3BR,3BA | $0.53 |
| Anna's Grove by Kading | Villa | 3BR,1BA | $1.09 |
| Western Hills Apartments | 2 Beds, 2 baths | 2BR,2BA | $1.05 |
| Saylorville Lakeside | B3 - Sandpiper | 2BR,2BA | $1.31 |
| SUNDANCE BOONE APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.08 |
| The Summit at Heritage Apartments | A3.2 | 1BR,1BA | $1.43 |
| Oakwood | 1 bedroom | 1BR,1BA | $1.07 |
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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 College Creek Apartments listed at $670.
How much is rent for a Cheap One Bedroom Madrid Apartment?
The lowest price for a Cheap One Bedroom Madrid Apartment is $745 at Western Hills Apartments.
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 Anna's Grove by Kading and starts from $1,099.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.