
Cheap Apartments for Rent in Madrid, NE from $500 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in Madrid.

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.

305 Colorado Ave

Lakeside

Heartland Flats Alliance

South Platte Terrace Apartments

Allura Gardens Apartments

Pacific Place Apartments
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.

6th Dimension Apartments

226.5 N 7th Ave

502 Kochia Way

407 N Front St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

110-112 Park St

805 Cleveland St
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.

815 Cleveland St

722 Cleveland St

521.5 Jackson St

329 N 2nd St

707 Clark St
Madrid, NE Local Guide

How much does it cost to rent an apartment in Madrid?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Madrid Studio Apartments | $799 | $799 | $799 |
Madrid 1 Bedroom Apartments | $1,094 | $500 | $1,295 |
Madrid 2 Bedroom Apartments | $1,264 | $575 | $1,699 |
Madrid 3 Bedroom Apartments | $1,303 | $925 | $1,700 |
Browse Top Apartments in Madrid
See all Apartments in MadridExplore Madrid
Madrid, NE Local Guide
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Cheapest Available Madrid Apartments for Rent and Nearby
 The cheapest available apartment rental in Madrid, NE is a 1 Bed unit found at Oak View Apartments priced from $600. 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Oak View Apartments | 1 Bed 1 Bath | 1BR,1BA | $600 |
Crestview | 1 Bed 1 Bath | 1BR,1BA | $700 |
Loomis Apartment Homes | #8 | 1BR,1BA | $815 |
South Platte Terrace Apartments | 1 Bedroom | 1BR,1BA | $840 |
Allura Gardens Apartments | One Bedroom One Bathroom | 1BR,1BA | $850 |
6th Dimension Apartments | 2 Bedroom | 2BR,1BA | $925 |
Westside | 3 Bed 2 Bath Loft | 3BR,2BA | $925 |
Heartland Flats | Marlowe | 1BR,1BA | $1,085 |
Prairie Heights Apartments | The Oakland | 1BR,1BA | $1,100 |
Victory Village on Lakeview | Swanson | 1BR,1BA | $1,250 |
Best Value Apartments for Rent in Madrid, NE and Nearby
As of July 11, 2025 the best value apartment in the Madrid area is the $0.73 price per square foot 3 Bed 2 Bath Loft Model at Westside in the starting from $925. The second greatest value Madrid apartment is the 2 Bedroom Model at 6th Dimension Apartments starting at $925 with a $1.02 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 | 3 Bed 2 Bath Loft | 3BR,2BA | $0.73 |
6th Dimension Apartments | 2 Bedroom | 2BR,1BA | $1.02 |
Heartland Flats | Aspen | 1BR,1BA | $1.38 |
Victory Village on Lakeview | Swanson | 1BR,1BA | $1.60 |
Crestview | 1 Bed 1 Bath | 1BR,1BA | $1.00 |
South Platte Terrace Apartments | 1 Bedroom | 1BR,1BA | $1.24 |
Allura Gardens Apartments | One Bedroom One Bathroom | 1BR,1BA | $1.26 |
Oak View Apartments | 1 Bed 1 Bath | 1BR,1BA | $0.96 |
Loomis Apartment Homes | #8 | 1BR,1BA | $1.36 |
Prairie Heights Apartments | The Neligh | 1BR,1BA | $1.94 |
Quick Rent Budget Calculator
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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
Getting Around Madrid, NE
Walk Score®
27 / 100
Car-Dependent
Most errands require a car
Bike Score®
32 / 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
How much is rent for a Cheap One Bedroom Madrid Apartment?
The lowest price for a Cheap One Bedroom Madrid Apartment is $600 at Oak View 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 $615 at Westside.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.