Cheap Apartments for Rent in New Madrid, MO from $400 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in New Madrid.

39949 W Dorothy Dr

The District at Cape

Capri
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.

Robindale-East Apartments

Jackson House

Whitten Creek Apartments
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.

310 S Benton St

989 Co Rd 710

407 W Commercial St

9816 State Hwy A
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.

96 Magnolia Harbor Rd
New Madrid, MO Local Guide

How much does it cost to rent an apartment in New Madrid?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Madrid Studio Apartments | $647 | $475 | $948 |
| New Madrid 1 Bedroom Apartments | $939 | $495 | $3,200 |
| New Madrid 2 Bedroom Apartments | $1,088 | $725 | $3,600 |
| New Madrid 3 Bedroom Apartments | $1,252 | $825 | $2,450 |
| New Madrid 4 Bedroom Apartments | $1,416 | $1,400 | $1,500 |
Browse Top Apartments in New Madrid
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New Madrid, MO Local Guide
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Cheapest Available New Madrid Apartments for Rent and Nearby
 The cheapest available apartment rental in New Madrid, MO is a Studio unit found at Vue on Royal Ridge priced from $475. 601 Kinzer St has the second lowest priced unit, which is a 2 Beds apartment currently listed from $575. Here is today’s list of the most affordable New Madrid apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Vue on Royal Ridge | New owner. Improved property. Apply online!!! | Studio,1BA | $475 |
| 601 Kinzer St | Kinzer 2 | 2BR,1BA | $575 |
| Capri | Copper | 1BR,1BA | $595 |
| Robindale-East Apartments | One Bed | 1BR,1BA | $625 |
| The District at Cape | Grauel | 1BR,1BA | $641 |
Best Value Apartments for Rent in New Madrid, MO and Nearby
As of December 20, 2025 the best value apartment in the New Madrid area is the $1.02 price per square foot Heritage Trace Model at Heritage Trace of Brookland in the starting from $1,270. The second greatest value New Madrid apartment is the 2BR/1.5BA Model at Brooke Village Phase II starting at $890 with a $0.74 price per square foot . Here is today’s list of the best values for New Madrid apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Heritage Trace of Brookland | Heritage Trace | 3BR,2BA | $1.02 |
| Brooke Village Phase II | 2BR/1.5BA | 2BR,1.5BA | $0.74 |
| Deerfield Crossing | Two Bedroom Townhome | 2BR,2BA | $1.14 |
| 601 Kinzer St | Kinzer 2 | 2BR,1BA | $0.63 |
| Milan Luxury Apartments | 2BR/2.0BA | 2BR,2BA | $1.19 |
| The District at Cape | Maplewood | 2BR,1BA | $1.11 |
| Grove Apartments | 1 Bedroom | 1BR,1BA | $1.12 |
| Chapel Ridge Martin | 1 Bedroom 1 Bath | 1BR,1BA | $0.98 |
| Robindale-East Apartments | One Bed | 1BR,1BA | $1.03 |
| Vue on Royal Ridge | New owner. Improved property. Apply online!!! | Studio ,1BA | $0.99 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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.
Best Local Schools in New Madrid, MO
New Madrid Elementary
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore New Madrid, MO Rentals by Map
See the most popular apartments and homes in New Madrid, MO
Getting Around New Madrid, MO
Walk Score®
23 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
30 / 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 New Madrid Apartments
How much is rent for a Cheap One Bedroom New Madrid Apartment?
The lowest price for a Cheap One Bedroom New Madrid Apartment is $595 at Capri.
What is the lowest price for a Cheap Two Bedroom New Madrid Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in New Madrid is starting from $575 at 601 Kinzer St.
What is the most affordable New Madrid Three Bedroom Apartment?
The best deal on a cheap New Madrid Three Bedroom Apartment rental is at Robindale-East Apartments and starts from $825.
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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.




