320 S Franklin Ave
AmesIA50014
Cheap Homes for Rent in Madrid, IA from $800 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Madrid.
311 S Franklin Ave
AmesIA50014
626 Brodie Ln
MadridIA50156
628 Maverick Ln
MadridIA50156
621 Maverick Ln
MadridIA50156
618 Maverick Ln
MadridIA50156
631 Maverick Ln
MadridIA50156
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.
629 Maverick Ln
MadridIA50156
614 Brodie Ln
MadridIA50156
604 Maverick Ln
MadridIA50156
4549 Steinbeck St
AmesIA50014
4334 Maricopa Dr
AmesIA50014
231 S Wilmoth Ave
AmesIA50014
505 W Park Ave
BooneIA50036
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.
Showing Results 1-14, 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 a home in Madrid?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madrid 2 Bedroom Homes for Rent | $1,481 | $1,395 | $1,550 |
| Madrid 3 Bedroom Homes for Rent | $1,549 | $800 | $2,750 |
| Madrid 4 Bedroom Homes for Rent | $2,198 | $1,700 | $2,600 |
Browse Top Homes for Rent in Madrid
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Madrid, IA Local Guide
- Madrid Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Madrid, IA
Pricing Updated: 11/08/2025Current 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 | $2,600 | $2,600 | 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 November 08, 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 4 Bedroom/2 Bathroom Model at Tripp Street Apartments starting at $300 with a $0.24 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 |
| 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 | $0.48 |
| Anna's Grove by Kading | Villa | 3BR,1BA | $1.09 |
| 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
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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
Frequently Asked Questions about Madrid
What type of rentals are currently available in Madrid?
There are currently 56 Apartments for Rent in Madrid, IA with pricing that ranges from $389 to $2,775. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madrid ranging from $800 to $2,750.
What is the current price range for Rental Homes in Madrid?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Madrid ranges from $800 to $2,750 with an average monthly rent of $1,742.
How much are larger Three and Four Bedroom Rentals in Madrid?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Madrid range from $515 to $2,410, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $2,750. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $389.
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.