Cheap Apartments for Rent near New Madrid, MO from $595 (32 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Grove Apartments
1 to 3 Bedroom Apartments

Grove Apartments

2105 Saint John AveDyersburg, TN 38024
  • Utilities Included
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Lauren's Place
2 to 3 Bedroom Apartments

Lauren's Place

802 Crown StMarble Hill, MO 63764

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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Showing Results 1-32, Page 1 of 1

New Madrid, MO Local Guide

Cheapest Available New Madrid Apartments for Rent and Nearby

 

The cheapest available apartment rental in New Madrid, MO is a 1 Bed unit found at Capri priced from $600. Silverwood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $670. Here is today’s list of the most affordable New Madrid apartments for rent:

Apartment ListingModel NameBed/BathPriced From
CapriDiamond1BR,1BA$600
SilverwoodClassic1BR,1BA$670
601 Kinzer St601 Kinzer2BR,1BA$695
Chapel Ridge of RipleyOne Bedroom One Bathroom1BR,1BA$697
Mora Mi ApartmentsAmazing 1 Beds | 1 Baths | 717 Square Ft. apts ...1BR,1BA$699
Royal RidgeRoyal Ridge-0-1-408Studio,1BA$700
Commonwealth Court Apartments1 BR1BR,1BA$705
The District at CapeGrauel1BR,1BA$763
Jackson House1 Bedroom - Jackson House1BR,1BA$781
Riviera ApartmentsAmazing 1 Beds | 1 Baths | 650 Square Ft. apts ...1BR,1BA$829

Best Value Apartments for Rent in New Madrid, MO and Nearby

As of September 10, 2026 the best value apartment in the New Madrid area is the $0.35 price per square foot 4Bd. 4Bt. (1442sqft) Model at Cape Trails in the starting from $510. The second greatest value New Madrid apartment is the B1 Model at The Lory of Greenway Village starting at $1,440 with a $1.15 price per square foot . Here is today’s list of the best values for New Madrid apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cape Trails4Bd. 4Bt. (1442sqft)4BR,4BA$0.35
The Lory of Greenway VillageB12BR,2BA$1.15
Brooke Village2BR/1.5BA2BR,1.5BA$0.72
Deerfield CrossingTwo Bedroom Townhome2BR,2BA$1.18
Chapel Ridge Martin3 Bedroom 2 Bath3BR,2BA$0.82
601 Kinzer St601 Kinzer2BR,1BA$0.76
Chapel Ridge of RipleyTwo Bedroom Two Bathroom2BR,1BA$1.11
Milan Luxury Apartments2BR/2.0BA2BR,2BA$1.19
Mora Mi ApartmentsAmazing 1 Beds | 1 Baths | 717 Square Ft. apts ...1BR,1BA$0.97
Commonwealth Court Apartments1 BR1BR,1BA$1.07

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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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New Madrid, MO

School data provided by Great Schools

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

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Frequently Asked Questions about Cheap New Madrid Apartments

What is the Cheapest Studio apartment in New Madrid?

Currently the most affordable Cheap Studio Apartment in New Madrid is at Royal Ridge listed at $700.

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

The lowest price for a Cheap One Bedroom New Madrid Apartment is $600 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 $695 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 Chapel Ridge Martin and starts from $886.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.