Cheap Apartments for Rent near New Madison, OH from $500 (46 Rentals)

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

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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Voyager Apartments
Studio to 2 Bedroom Apartments

Voyager Apartments

9461 US Route 40 WNew Paris, OH 45347
  • Utilities Included
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Ivy Court Apartments
Studio to 2 Bedroom Apartments

Ivy Court Apartments

203 Ivy CtEaton, OH 45320
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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HUNTERS OAK APARTMENTS
2 to 3 Bedroom Apartments

HUNTERS OAK APARTMENTS

1199 E Russ RdGreenville, OH 45331
  • Utilities Included
property at 230 Kinsey St

$600 - $700

1 Bedroom Rentals

Available Now

230 Kinsey St

RichmondIN47374

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.

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Ivy Green
2 to 3 Bedroom Apartments

Ivy Green

1300 S 18th StRichmond, IN 47374
Corporate Housing
  • Utilities Included

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.

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Royal Oaks Apartments
2 to 3 Bedroom Apartments

Royal Oaks Apartments

4100 Royal Oak DrRichmond, IN 47374
  • Utilities Included
Showing Results 1-46, Page 1 of 1

New Madison, OH Local Guide

Cheapest Available New Madison Apartments for Rent and Nearby

 

The cheapest available apartment rental in New Madison, OH is a 2 Beds unit found at HUNTERS OAK APARTMENTS priced from $650. Genesis Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $690. Here is today’s list of the most affordable New Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
HUNTERS OAK APARTMENTS2 Bedroom 1 Bathroom2BR,1BA$650
Genesis Apartments1BD/ 1 BA1BR,1BA$690
Atlas Apartments1BR/1.0BA1BR,1BA$775
Shiloh Gardens Independent Living1 Bedroom1BR,1BA$779
Broadmoor ApartmentsAsh1BR,1BA$788
Meadows of CatalpaChristy1BR,1BA$795
Adam H Bartell LoftsVISTA1BR,1BA$795
McKaig Court Apartments1 Bedroom1BR,1BA$800
Belle Meadows1x1 7201BR,1BA$825
Carriage House Apartments1 Bedroom Flat1BR,1BA$825

Best Value Apartments for Rent in New Madison, OH and Nearby

As of July 08, 2026 the best value apartment in the New Madison area is the $1.15 price per square foot Three Bedroom Townhouse Model at Trotwood Commons in the in the Northern Hills neighborhood starting from $1,463. The second greatest value New Madison apartment is the EXCALIBUR Model at Adam H Bartell Lofts starting at $895 with a $0.81 price per square foot . Here is today’s list of the best values for New Madison apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Trotwood CommonsThree Bedroom Townhouse3BR,1.5BA$1.15
Adam H Bartell LoftsEXCALIBUR2BR,1BA$0.81
Townehouse Village ApartmentsTwo Bedroom Gas2BR,1.5BA$1.02
HUNTERS OAK APARTMENTS3 Bedroom 1 Bathroom3BR,1BA$0.82
Carriage House Apartments1 Bedroom Flat1BR,1BA$0.98
McKaig Court Apartments2 Bedroom2BR,1BA$1.17
Genesis Apartments1BD/ 1 BA1BR,1BA$0.92
Belle Meadows1x1 7201BR,1BA$1.15
Atlas Apartments1BR/1.0BA1BR,1BA$1.08
Broadmoor ApartmentsAsh1BR,1BA$1.19

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.

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Real 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.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore New Madison, OH Rentals by Map

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See the most popular apartments and homes in New Madison, OH

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Frequently Asked Questions about Cheap New Madison Apartments

How much is rent for a Cheap One Bedroom New Madison Apartment?

The lowest price for a Cheap One Bedroom New Madison Apartment is $690 at Genesis Apartments.

What is the lowest price for a Cheap Two Bedroom New Madison Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in New Madison is starting from $650 at HUNTERS OAK APARTMENTS.

What is the most affordable New Madison Three Bedroom Apartment?

The best deal on a cheap New Madison Three Bedroom Apartment rental is at HUNTERS OAK APARTMENTS and starts from $766.

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.