
Cheap Homes for Rent in New Madison, OH from $500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in New Madison.


1921 SW E St

600 N Residence St

207 N Columbia St
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.

125 W Chestnut St

461-481 N Broadway St

424 S Miami Ave

1884 OH-121
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.
New Madison, OH Local Guide

How much does it cost to rent a home in New Madison?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Madison 2 Bedroom Homes for Rent | $1,151 | $675 | $1,650 |
| New Madison 3 Bedroom Homes for Rent | $1,593 | $900 | $2,250 |
| New Madison 4 Bedroom Homes for Rent | $2,018 | $1,695 | $2,300 |
Browse Top Homes for Rent in New Madison
Explore New Madison
New Madison, OH Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Genesis Apartments priced from $660. Atlas Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here is today’s list of the most affordable New Madison apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Genesis Apartments | 2BD R | 2BR,1BA | $660 |
| Atlas Apartments | 1BR/1.0BA | 1BR,1BA | $775 |
| Shiloh Gardens Independent Living | 1 Bedroom | 1BR,1BA | $779 |
Best Value Apartments for Rent in New Madison, OH and Nearby
As of May 24, 2026 the best value apartment in the New Madison area is the $0.81 price per square foot EXCALIBUR Model at Adam H Bartell Lofts in the starting from $895. The second greatest value New Madison apartment is the Oak Model at Broadmoor Apartments starting at $1,037 with a $1.01 price per square foot in the Little Richmond neighborhood. Here is today’s list of the best values for New Madison apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Adam H Bartell Lofts | EXCALIBUR | 2BR,1BA | $0.81 |
| Broadmoor Apartments | Oak | 2BR,1BA | $1.01 |
| Townehouse Village Apartments | Two Bedroom Gas | 2BR,1.5BA | $1.02 |
| Stoneridge Apartments | 2 Bed 1 BathStoneridge Apartments | 2BR,1BA | $1.07 |
| Trotwood Commons | Two Bedroom Garden | 2BR,1BA | $1.19 |
| Traditions Apartments | Two Bedroom Garden Style | 2BR,1BA | $1.24 |
| Genesis Apartments | 1BD R | 1BR,1BA | $0.96 |
| McKaig Court Apartments | 2 Bedroom | 2BR,1BA | $1.17 |
| Belle Meadows | 1x1 720 | 1BR,1BA | $1.15 |
| Atlas Apartments | 1BR/1.0BA | 1BR,1BA | $1.08 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore New Madison, OH Rentals by Map
See the most popular apartments and homes in New Madison, OH
Frequently Asked Questions about New Madison
What type of rentals are currently available in New Madison?
There are currently 42 Apartments for Rent in New Madison, OH with pricing that ranges from $454 to $2,415. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Madison ranging from $550 to $2,300.
What is the current price range for Rental Homes in New Madison?
Today's rental pricing for Homes for Rent, Condos and Townhomes in New Madison ranges from $550 to $2,300 with an average monthly rent of $1,418.
How much are larger Three and Four Bedroom Rentals in New Madison?
For those who are looking for larger living arrangements, Three Bedroom Apartments in New Madison range from $617 to $2,415, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $2,250. Four Bedroom Single-Family rentals are also available starting from $1,695 and Four Bedroom Apartments start at $1,745.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.