close
View Me
Rent Specials
$500 - $6001 to 2 Bedroom Apartments Available Now
Great Plains Apartments
1231 W 14th StAlliance, NE 69301
Cheap Apartments for Rent near Madrid, NE from $500 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in Madrid.
305 Colorado Ave
BrushCO80723
204 W 9th St
GoodlandKS67735
close
View Me
close
View Me
$6151 Bedroom Apartments Available Soon
North Park Apartments
439 W 25th StAlliance, NE 69301
close
View Me
$699 - $9951 to 2 Bedroom Apartments Available Now
The Preston
1200 Avenue GGothenburg, NE 69138
close
View Me
Rent Specials
$700 - $8351 to 2 Bedroom Apartments Available Now
Crestview
2730 11th AveSidney, NE 69162
close
View Me
Rent Specials
$730 - $9401 to 2 Bedroom Apartments Available Now
Lakeside
210 20th StGothenburg, NE 69138
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
close
View Me
$7502 Bedroom Apartments Available Soon
Oak View Apartments
1300 E H StMcCook, NE 69001
125 Charmony Frontage Rd
SterlingCO80751
close
View Me
$775 - $1,2751 Bedroom Apartments Available Now
Bel Apartments
204 W 6th StLexington, NE 68850
208 Sunrise Rd
CozadNE69130
302 W 7th St
McCookNE69001
close
View Me
$899 - $1,215Studio to 2 Bedroom Apartments Available Now
Heartland Flats Alliance
2469 S Highway 385Alliance, NE 69301
close
View Me
$9001 to 3 Bedroom Apartments Available Now
Sandridge Apartments
901 S Bryan AveNorth Platte, NE 69101
close
View Me
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
7 Dana Ave
ChappellNE69129
113 S 6th St
McCookNE69001
close
View Me
1 Bedroom Apartments
Wheatridge Apartments
304 Van Horn StAlmena, KS 67622
1410 Norris Ave
McCookNE69001
302 E 2nd St
McCookNE69001
509 E 2nd St
McCookNE69001
close
View Me
3 Bedroom Apartments
Pine Village
610 School StRexford, KS 67753
38561 Pheasant Trl
McCookNE69001
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
110-112 Park St
SterlingCO80751
close
View Me
2 Bedroom Apartments
Vintage Rows
1210 Liberty DrLexington, NE 68850
1144 N 8th St
SterlingCO80751
303 S 3rd Ave
SterlingCO80751
112 W 10th St
McCookNE69001
805 Cleveland St
SterlingCO80751
908 N 6th St
SterlingCO80751
601 N Custer Ave
FlemingCO80728
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
close
View Me
Studio to 2 Bedroom Apartments
Water Tower Residences
311 W 5th StLexington, NE 68850
903 W 1st St
McCookNE69001
close
View Me
1 to 2 Bedroom Apartments
The Cooper Apartment Homes
714 W 10th StCozad, NE 69130
Showing Results 1-35, Page 1 of 1
Madrid, NE Local Guide
Downtown Madrid, Nebraska. by Ammodramus is licensed under CCO 1.0
How much does it cost to rent an apartment in Madrid?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madrid Studio Apartments | $997 | $899 | $1,294 |
| Madrid 1 Bedroom Apartments | $1,093 | $500 | $1,350 |
| Madrid 2 Bedroom Apartments | $1,267 | $575 | $1,699 |
| Madrid 3 Bedroom Apartments | $1,444 | $970 | $1,750 |
| Madrid 4 Bedroom Apartments | $1,550 | $1,550 | $1,550 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Madrid
See all Apartments in MadridExplore Madrid
Madrid, NE Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Madrid Apartments for Rent and Nearby
The cheapest available apartment rental in Madrid, NE is a 1 Bed unit found at Great Plains Apartments priced from $500. Westside has the second lowest priced unit, which is a 2 Beds apartment currently listed from $615. Here is today’s list of the most affordable Madrid apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Great Plains Apartments | 1 Bed 1 Bath | 1BR, 1BA | $500 |
| Westside | 2 Bed 1 Bath | 2BR, 1BA | $615 |
| Vintage Rows | 2BR/1.0BA | 2BR, 1BA | $695 |
| The Preston | 1-Bedroom | 1BR, 1BA | $699 |
| Lakeside | 2 Bed 1.5 Bath | 2BR, 1BA | $730 |
| Bel Apartments | 1-Bedroom- Fully Furnished | 1BR, 1BA | $775 |
| Crestview | 2 Bed 1.5 Bath | 2BR, 1BA | $835 |
| Heartland Flats Alliance | Marlowe | 1BR, 1BA | $899 |
| Kelley Creek | 2 Bed 1.5 Bath | 2BR, 1BA | $900 |
| Sandridge Apartments | Unit 1A | 1BR, 1BA | $900 |
Best Value Apartments for Rent in Madrid, NE and Nearby
As of September 19, 2026 the best value apartment in the Madrid area is the $0.82 price per square foot 2 Bed 2 Bath Loft Model at Westside starting from $870. The second greatest value Madrid apartment is the 2BR/1.0BA Model at Vintage Rows starting at $695 with a $0.74 price per square foot. 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. |
|---|---|---|---|
| Westside | 2 Bed 2 Bath Loft | 2BR, 2BA | $0.82 |
| Vintage Rows | 2BR/1.0BA | 2BR, 1BA | $0.74 |
| 6th Dimension Apartments | 2 Bedroom | 2BR, 1BA | $1.10 |
| Kelley Creek | 2 Bed 1.5 Bath | 2BR, 1.5BA | $1.02 |
| Bel Apartments | 1-Bedroom- Fully Furnished | 1BR, 1BA | $0.91 |
| Crestview | 2 Bed 1.5 Bath | 2BR, 1.5BA | $0.99 |
| Lakeside | 2 Bed 1 Bath | 2BR, 1BA | $1.06 |
| North Adams Flats | Classic Model | 2BR, 1BA | $1.14 |
| Heartland Flats Alliance | Brasswood | Studio, 1BA | $1.36 |
| Great Plains Apartments | 1 Bed 1 Bath | 1BR, 1BA | $0.77 |
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 Article
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read Article
Quick 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
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Madrid, NE Rentals by Map
See the most popular apartments and homes in Madrid, NE
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 Heartland Flats Alliance listed at $899.
How much is rent for a Cheap One Bedroom Madrid Apartment?
The lowest price for a Cheap One Bedroom Madrid Apartment is $500 at Great Plains 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 $575 at Great Plains Apartments.
What is the most affordable Madrid Three Bedroom Apartment?
The best deal on a cheap Madrid Three Bedroom Apartment rental is at South Platte Terrace Apartments and starts from $1,185.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.