
Cheap Apartments for Rent in the Madison Square Neighborhood of New York, NY from $2,900 (63 Rentals)
Search the lowest-cost Apartments available for rent right now in the Madison Square area of New York.


Rose Hill

21 E 26th St

15 E 26th St

763 Sixth Avenue

212 Fifth Ave

Crossing 23rd

50 Madison Ave

22-24 W 26th St

21 E 22nd St
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.

76 Madison Ave

66 Madison Ave

10 E 22nd St

38-44 W 26th St

Chelsea Stratus

29 W 26th St

241 5th Ave

The Stanford

Altair 20

27 E 22nd St
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.

33 E 22nd St

124 W 25th St

170 Fifth Ave

145 5th Ave

31 W 21st St

4 W 21st St

Flatiron House

16 W 21st St

325 Park Ave S

9 W 20th St
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.

18 E 23rd St

21 W 20th St

20 W 26th St

44 W 22nd St

120-122 W 25th St

Jack Special

22 W 25th St

52 W 21st St

46 W 22nd St

11-13 W 26th St
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.

172 5th Ave

10 W 28th St

35 W 20th St

Madison Square Apartments

29 E 28th St

761 Avenue of the Americas

4 W 22nd St

The Vanguard Chelsea

Echelon Chelsea

True North NoMad
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.
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 | $3,766 | $3,000 | $4,700 |
| Madison Square 1 Bedroom Apartments | $5,225 | $5,050 | $5,400 |
| Madison Square 2 Bedroom Apartments | $5,413 | $3,450 | $7,060 |
| Madison Square 3 Bedroom Apartments | $11,220 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 63 rentals with your search options within a 2 mile radius of the Madison Square Neighborhood of New York, NY.
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Cheapest Available Madison Square Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Anagram Nomad | Studio / 1 Bathroom | Studio,1BA | $4,806 |
| Echelon Chelsea | A05 | 1BR,1BA | $6,700 |
Best Value Apartments for Rent in Madison Square, NY
As of January 20, 2026 the best value apartment in the Madison Square area is the $8.12 price per square foot 2 Bedroom / 2 Bathroom Model at Anagram Nomad in the in the Gramercy-Flatiron neighborhood starting from $8,542. The second greatest value Madison Square apartment is the A03 Model at Echelon Chelsea starting at $8,840 with a $11.80 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 | 2 Bedroom / 2 Bathroom | 2BR,2BA | $8.12 |
| Echelon Chelsea | A03 | 1BR,1BA | $11.80 |
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 Anagram Nomad listed at $4,806.
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.
Helpful Local Expert Guides

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.

Top Student Friendly Neighborhoods to Rent Near Colleges in NYC
Written by: Joshua Carlucci
New York City is more than just a destination—it’s a way of life, especially for students eager to dive into a melting pot of cultures, endless activities, and academic prestige.

The Local NYC Experts Guide to the Perfect Neighborhoods Near Top Employers
Written by: Joshua Carlucci
New York has a funny way of making your commute part of your identity.
Articles, How-To's, and Tips

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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!