
Cheap Apartments for Rent in Madrid, NE from $500 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Madrid.

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Lakeside

305 Colorado Ave

Heartland Flats Alliance

Pacific Place Apartments

Sandridge Apartments

South Platte Terrace Apartments
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407 N Front St

730 N 6th St

102 Taylor St

807 W 2nd St

521.5 Jackson St

430 N 2nd Ave
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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 | $1,098 | $500 | $1,295 |
Madrid 2 Bedroom Apartments | $1,223 | $575 | $1,699 |
Madrid 3 Bedroom Apartments | $1,432 | $925 | $1,700 |
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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 Great Plains Apartments priced from $500. Oak View Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. 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 |
Oak View Apartments | 1 Bed 1 Bath | 1BR,1BA | $600 |
Westside | 2 Bed 1 Bath | 2BR,1BA | $615 |
Crestview | 1 Bed 1 Bath | 1BR,1BA | $700 |
Lakeside | 2 Bed 1.5 Bath | 2BR,1BA | $730 |
Best Value Apartments for Rent in Madrid, NE and Nearby
As of August 28, 2025 the best value apartment in the Madrid area is the $1.29 price per square foot 3 Bed, 2 Bath Model at Cross Creek Apartments in the starting from $1,650. The second greatest value Madrid apartment is the Flat A Model at Loomis Apartment Homes starting at $1,200 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Cross Creek Apartments | 3 Bed, 2 Bath | 3BR,2BA | $1.29 |
Loomis Apartment Homes | Flat A | 2BR,1BA | $1.00 |
Pacific Heights | The Solano | 3BR,2BA | $1.22 |
6th Dimension Apartments | 2 Bedroom | 2BR,1BA | $1.02 |
Lakeside | 2 Bed 1.5 Bath | 2BR,1.5BA | $0.87 |
Westside | 2 Bed 1 Bath | 2BR,1BA | $0.74 |
Crestview | 1 Bed 1 Bath | 1BR,1BA | $1.00 |
Great Plains Apartments | 1 Bed 1 Bath | 1BR,1BA | $0.77 |
Oak View Apartments | 1 Bed 1 Bath | 1BR,1BA | $0.96 |
1103 5th St, Unit 6 | 1103 5th St | 2BR,1BA | $1.08 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 $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 $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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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.