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Cheap Apartments for Rent in the Madison Square Neighborhood of New York, NY from $3,400 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in the Madison Square area of New York.
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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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The 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.
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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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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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Showing Results 1-43, Page 1 of 1
Madison Square, New York, NY Local Guide
How much does it cost to rent an apartment in Madison Square?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison Square Studio Apartments | $4,704 | $4,450 | $5,340 |
| Madison Square 1 Bedroom Apartments | $5,795 | $5,293 | $6,793 |
| Madison Square 2 Bedroom Apartments | $7,646 | $3,450 | $9,407 |
| Madison Square 3 Bedroom Apartments | $9,300 | $9,300 | $9,300 |
Browse Apartments in this Neighborhood
There are currently 43 rentals with your search options within a 2 mile radius of the Madison Square Neighborhood of New York, NY.
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Madison Square, New York, NY Local Guide
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Cheapest Available Madison Square Apartments for Rent
The cheapest available apartment rental in the Madison Square area of New York, NY is a Studio unit found at Chelsea Landmark priced from $5,895. Echelon Chelsea has the second lowest priced unit, which is a 1 Bed apartment currently listed from $7,000. Here are the most affordable Madison Square apartments for rent in New York, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Chelsea Landmark | S4S10 - Res 7M-34M | 4T-6T | Studio,1BA | $5,895 |
| Echelon Chelsea | A06 | 1BR,1BA | $7,000 |
| Anagram Nomad | 3 Bedroom / 3 Bathroom | 3BR,3BA | $14,875 |
Best Value Apartments for Rent in Madison Square, NY
As of August 28, 2025 the best value apartment in the Madison Square area is the $9.19 price per square foot 3 Bedroom / 3 Bathroom Model at Anagram Nomad in the in the Gramercy-Flatiron neighborhood starting from $14,875. The second greatest value Madison Square apartment is the A06 Model at Echelon Chelsea starting at $7,000 with a $8.61 price per square foot in the Gramercy-Flatiron neighborhood. Here is today’s list of the best values for Madison Square apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Anagram Nomad | 3 Bedroom / 3 Bathroom | 3BR,3BA | $9.19 |
| Echelon Chelsea | A06 | 1BR,1BA | $8.61 |
| Chelsea Landmark | S4S10 - Res 7M-34M | 4T-6T | Studio ,1BA | $10.55 |
Quick Rent Budget Calculator
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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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Pet Friendly LifestyleMadison Square, New York, NY
Ranked #35
Among cities in New York for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Madison Square Apartments
What is the Cheapest Studio apartment in Madison Square?
Currently the most affordable Cheap Studio Apartment in Madison Square is at Chelsea Landmark listed at $5,895.
How much is rent for a Cheap One Bedroom Madison Square Apartment?
The lowest price for a Cheap One Bedroom Madison Square Apartment is $7,000 at Echelon Chelsea.
What is the lowest price for a Cheap Two Bedroom Madison Square Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Madison Square is starting from $10,600 at Chelsea Landmark.
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 10 Best Affordable Neighborhoods for Renting in New York City
Written by: Joshua Carlucci
New York City is the city that never sleeps, but it’s also the city that’s often synonymous with sky-high rents and steep living costs. That said, if you’re like many of us at ApartmentHomeLiving.
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.