Cheap Apartments for Rent in Madrid, NE from $500 (26 Rentals)

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

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Pine Village
3 Bedroom Apartments

Pine Village

610 School StRexford, KS 67753

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Showing Results 1-26, Page 1 of 1

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 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 ListingModel NameBed/BathPriced From
Oak View Apartments1 Bed 1 Bath1BR,1BA$600
Crestview1 Bed 1 Bath1BR,1BA$700
Westside2 Bed 1 Bath2BR,1BA$755
Allura Gardens ApartmentsOne Bedroom - Upper1BR,1BA$800
South Platte Terrace Apartments1 Bedroom1BR,1BA$840
Lakeside2 Bed 1.5 Bath2BR,1BA$845
6th Dimension Apartments1 Bedroom1BR,1BA$925
Victory Village on LakeviewSwanson1BR,1BA$1,250

Best Value Apartments for Rent in Madrid, NE and Nearby

As of May 11, 2025 the best value apartment in the Madrid area is the $1.48 price per square foot Johnson Model at Victory Village on Lakeview in the starting from $1,475. The second greatest value Madrid apartment is the 2 Bed 1.5 Bath Model at Lakeside starting at $845 with a $1.00 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.
Victory Village on LakeviewJohnson2BR,2BA$1.48
Lakeside2 Bed 1.5 Bath2BR,1.5BA$1.00
Westside2 Bed 1 Bath2BR,1BA$0.91
6th Dimension Apartments1 Bedroom1BR,1BA$1.28
South Platte Terrace Apartments1 Bedroom1BR,1BA$1.17
Crestview1 Bed 1 Bath1BR,1BA$1.00
Allura Gardens ApartmentsTwo Bedroom - Garden2BR,1BA$1.26
Oak View Apartments1 Bed 1 Bath1BR,1BA$0.96
1103 5th St, Unit 11103 5th St1BR,1BA$1.04

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Location, Location, Location!

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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 $700 at Oak View 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 $925.

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.

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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.

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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.