211 S Green St
MadridIA50156
Cheap Apartments for Rent in Madrid, IA from $400 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in Madrid.
211 S Green St
MadridIA50156
211 S Green St
MadridIA50156
211 S Green St
MadridIA50156
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Rent Specials
$520 - $1,5603 Bedroom Apartments Available Aug 1
The Heights at Lincoln Swing
4120-4136 Lincoln SwingAmes, IA 50014
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$675 - $1,010Studio to 2 Bedroom Apartments Available Now
Western Hills Apartments
235 SinclairAmes, 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.
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$695 - $985Studio to 2 Bedroom Apartments Available Now
College Creek Apartments
4815 Todd DrAmes, IA 50014
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$715 - $1,015Studio to 2 Bedroom Apartments Available Aug 1
Furman Western Hills
230 Raphael AveAmes, IA 50014
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Rent Specials
$760 - $8601 to 2 Bedroom Apartments Available Now
Boone Park Apartments
1127 S Linn StBoone, IA 50036
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$765 - $985Studio to 2 Bedroom Apartments Available Now
Wyndsor Terrace
4320 Westbrook DrAmes, IA 50014
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$7801 Bedroom Apartments Available Mar 23
Granger Lofts
2202 Broadway StGranger, IA 50109
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$795 - $1,2451 to 3 Bedroom Apartments Available Now
West Field Apartments
5910 Lincoln WayAmes, 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.
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$799 - $1,350Studio to 3 Bedroom Apartments Available Now
Hickory Ridge Apartments
4301 Lincoln SwingAmes, IA 50014
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$799 - $1,299Studio to 4 Bedroom Apartments Available Aug 4
Gateway
1300 Gateway Hills Park DrAmes, IA 50014
415 Boone St
BooneIA50036
505 1/2 11th St
BooneIA50036
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1 to 2 Bedroom Apartments
Spruce Pointe
126 Beedle DrAmes, IA 50014
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1 to 2 Bedroom Apartments
Park Place Apartments
505 E 4th StHuxley, IA 50124
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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1 to 3 Bedroom Apartments
Oakwood
2101 Oakwood RdAmes, IA 50014
238 Village Dr
AmesIA50014
Showing Results 1-20, 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 | $859 | $675 | $1,175 |
| Madrid 1 Bedroom Apartments | $1,133 | $745 | $1,830 |
| Madrid 2 Bedroom Apartments | $1,169 | $589 | $2,035 |
| Madrid 3 Bedroom Apartments | $1,039 | $504 | $2,410 |
| Madrid 4 Bedroom Apartments | $865 | $419 | $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: 03/19/2026Current 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 | $780 | $780 | 1 |
Cheapest Available Madrid Apartments for Rent and Nearby
The cheapest available apartment rental in Madrid, IA is a 1 Bed unit found at Western Hills Apartments in the Fountainview neighborhood priced from $745. College Creek Apartments in the Eagle Ridge neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $755. Here is today’s list of the most affordable Madrid apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Western Hills Apartments | 1 Bed/1 Bath Apartment | 1BR,1BA | $745 |
| College Creek Apartments | 1 Bedroom Apartment | 1BR,1BA | $755 |
| Boone Park Apartments | 1BR Upper | 1BR,1BA | $760 |
| Wyndsor Terrace | Studio | Studio,1BA | $765 |
| Park Place Apartments | 1BR Ground | 1BR,1BA | $780 |
Best Value Apartments for Rent in Madrid, IA and Nearby
As of March 19, 2026 the best value apartment in the Madrid area is the $1.02 price per square foot 3515 Lincoln Way ( 4 bdrm ) Model at Walnut Ridge in the in the Eagle Ridge neighborhood starting from $2,300. The second greatest value Madrid apartment is the 4 Bedroom/2 Bathroom Model at Tripp Street Apartments starting at $1,400 with a $1.12 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 | 3515 Lincoln Way ( 4 bdrm ) | 4BR,3BA | $1.02 |
| Tripp Street Apartments | 4 Bedroom/2 Bathroom | 4BR,2BA | $1.12 |
| Fieldstream Apartment Homes | Two Bedroom | 2BR,2BA | $1.09 |
| The Madison | 3x3 Unfurnished | 3BR,3BA | $0.47 |
| The Social Reserve | Montgomery Renovated - Reserve | 3BR,2BA | $0.51 |
| Anna's Grove by Kading | Villa | 3BR,1BA | $0.97 |
| 1209 Mayfield Dr | 2 BR/ 2 BA | 2BR,2BA | $1.13 |
| Western Hills Apartments | 2 Bed/2 Bath Apartment | 2BR,2BA | $1.05 |
| Point at Ames | Frisco B | 2BR,2BA | $1.06 |
| SUNDANCE BOONE APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.08 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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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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Pet Friendly LifestyleMadrid, IA
Ranked #23
Among cities in Iowa for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Madrid, IA
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
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 Wyndsor Terrace listed at $765.
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 $860 at Boone Park 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 $975.
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
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
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.
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.
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.