Cheap Apartments for Rent in Madrid, NE from $500 (23 Rentals)

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Search the lowest-cost Apartments available for rent right now in Madrid.

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Westside
$615 - $970
Total Monthly Price

Total Monthly Price

Base Rent
$570 - $925
Required Monthly Fees
$45

Total Monthly Price
$615 - $970
1 to 3 Bedroom Apartments Available Now

Westside

2101 Avenue OCozad, NE 69130
  • Verified
  • Customer Reviewed
  • Utilities Included

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Lakeside
$730 - $940
Total Monthly Price

Total Monthly Price

Base Rent
$695 - $905
Required Monthly Fees
$35

Total Monthly Price
$730 - $940
1 to 2 Bedroom Apartments Contact Us For Availability

Lakeside

210 20th StGothenburg, NE 69138
  • Verified
  • Utilities Included
  • Low Income
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Heartland Flats Alliance
$849 - $1,044
Total Monthly Price

Total Monthly Price

Base Rent
$734 - $929
Required Monthly Fees
$115

Total Monthly Price
$849 - $1,044
Studio to 1 Bedroom Apartments Available Apr 14

Heartland Flats Alliance

2469 S Highway 385Alliance, NE 69301
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  • Smoke Free
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Pacific Place Apartments
$885 - $1,040
Total Monthly Price

Total Monthly Price

Base Rent
$770 - $925
Required Monthly Fees
$115

Total Monthly Price
$885 - $1,040
1 to 2 Bedroom Apartments Contact Us For Availability

Pacific Place Apartments

500-502 N Pacific StNorth Platte, NE 69101
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  • Smoke Free

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Pine Village
3 Bedroom Apartments

Pine Village

610 School StRexford, KS 67753
property at 407 N Front St

$650

Total Monthly Price

Total Monthly Price

Base Rent
$650

Total Monthly Price
$650

1 Bedroom, 1 Bath Home for Rent

Available Now

407 N Front St

SterlingCO80751
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Vintage Rows
2 Bedroom Apartments

Vintage Rows

1210 Liberty DrLexington, NE 68850
Senior Living
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Bel Apartments
Studio to 2 Bedroom Apartments

Bel Apartments

204 W 6th StLexington, NE 68850

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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.

property at 301 S 3rd Ave

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

2 Bedroom, 1 Bath Home for Rent

Available Now

301 S 3rd Ave

SterlingCO80751
property at 205 Colorado Ave

$900

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

1 Bedroom, 1 Bath Home for Rent

Available Now

205 Colorado Ave

MerinoCO80741

Madrid, NE Local Guide

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. Crestview has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Madrid apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Great Plains Apartments1 Bed 1 Bath1BR,1BA$500
Crestview1 Bed 1 Bath1BR,1BA$700
Oak View Apartments2BR/1.0BA2BR,1BA$750
Westside2 Bed 1 Bath2BR,1BA$825
Kelley Creek2 Bed 1.5 Bath2BR,1BA$900

Best Value Apartments for Rent in Madrid, NE and Nearby

As of February 28, 2026 the best value apartment in the Madrid area is the $1.06 price per square foot Willow Model at Heartland Flats Alliance in the starting from $1,149. The second greatest value Madrid apartment is the Unit 2.1C Model at Sandridge Apartments starting at $980 with a $1.03 price per square foot . Here is today’s list of the best values for Madrid apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Heartland Flats AllianceWillow2BR,2BA$1.06
Sandridge ApartmentsUnit 2.1C2BR,1BA$1.03
6th Dimension Apartments2 Bedroom2BR,1BA$1.10
Kelley Creek2 Bed 1.5 Bath2BR,1.5BA$1.02
Westside2 Bed 1 Bath2BR,1BA$1.00
Oak View Apartments2BR/1.0BA2BR,1BA$1.00
631 Illinois St, Unit 1631 Illinois St1BR,1BA$0.93
Crestview1 Bed 1 Bath1BR,1BA$1.00
Great Plains Apartments1 Bed 1 Bath1BR,1BA$0.77
1103 5th St, Unit 61103 5th St1BR,1BA$1.04

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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.

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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Madrid Apartments

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 Westside and starts from $970.

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

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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.

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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.

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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.

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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.