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$670 - $945Studio to 2 Bedroom Apartments Contact Us For Availability
College Creek Apartments
4815 Todd DrAmes, IA 50014
Cheap Apartments for Rent in Madrid, IA from $400 (16 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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$725 - $1,300Studio to 3 Bedroom Apartments Available Now
Hickory Ridge Apartments
4301 Lincoln SwingAmes, IA 50014
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$735 - $8351 to 2 Bedroom Apartments Available Now
Boone Park Apartments
1127 S Linn StBoone, IA 50036
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$780 - $1,160Studio to 4 Bedroom Apartments Contact Us For Availability
Gateway
1300 Gateway Hills Park DrAmes, IA 50014
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$850 - $1,0501 to 2 Bedroom Apartments Available Now
West Village Apartments
4611 Mortensen RdAmes, IA 50014
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$895 - $2,292Studio to 3 Bedroom Apartments Available Now
Destination 141
1360 Mocking Bird LnGrimes, IA 50111
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$895 - $9952 to 3 Bedroom Apartments Available Now
SUNDANCE BOONE APARTMENTS
1309 S Linn StBoone, IA 50036
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$900 - $1,3701 to 2 Bedroom Apartments Contact Us For Availability
Haven Apartments
1201 Florida AveAmes, IA 50014
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Showing Results 1-16, 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 | $838 | $670 | $1,199 |
| Madrid 1 Bedroom Apartments | $1,145 | $675 | $1,810 |
| Madrid 2 Bedroom Apartments | $1,220 | $609 | $2,035 |
| Madrid 3 Bedroom Apartments | $1,409 | $519 | $2,410 |
| Madrid 4 Bedroom Apartments | $718 | $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 Hickory Ridge Apartments in the Eagle Ridge neighborhood priced from $725. Boone Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $735. 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 |
| Boone Park Apartments | 1BR Upper | 1BR,1BA | $735 |
| The Ridge Apartments | 1 Bedroom/1 Bathroom | 1BR,1BA | $775 |
| Lake Park Apartments | 1 BR Ground- Dishwasher | 1BR,1BA | $795 |
| Oakwood | 1 bedroom | 1BR,1BA | $799 |
Best Value Apartments for Rent in Madrid, IA and Nearby
As of September 12, 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 Townhomes Model at Diamond Ridge Estates starting at $1,950 with a $1.15 price per square foot in the Kennybrook 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 |
| Diamond Ridge Estates | Townhomes | 3BR,2.5BA | $1.15 |
| 802 Dickinson Ave | 3 Beds / 2 Baths | 3BR,2BA | $0.92 |
| Tripp Street Apartments | 4 Bedroom/2 Bathroom | 4BR,2BA | $0.22 |
| 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 |
| The Social West Ames® | Davie Plus - Station | 2BR,1BA | $0.71 |
| SUNDANCE BOONE APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.08 |
| 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 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 $735 at Boone Park 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 $895 at SUNDANCE BOONE 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.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.