Cheap Apartments for Rent in the Madison Square Neighborhood of New York, NY from $2,900 (61 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Madison Square area of New York.

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The Parkwood
2 Bedroom Apartments

The Parkwood

31 E 28th StNew York, NY 10016
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Rose Hill
Studio to 4 Bedroom Apartments

Rose Hill

30 E 29th StNew York, NY 10016
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21 E 26th St
Studio Apartments

21 E 26th St

21 E 26th StNew York, NY 10010
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15 E 26th St
1 to 4 Bedroom Apartments

15 E 26th St

15 E 26th StNew York, NY 10010
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763 Sixth Avenue
2 Bedroom Apartments

763 Sixth Avenue

763 Avenue Of The AmericasNew York, NY 10010
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212 Fifth Ave
Studio Apartments

212 Fifth Ave

212 Fifth AveNew York, NY 10010
  • Utilities Included
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Crossing 23rd
Studio Apartments

Crossing 23rd

121 E 23rd StNew York, NY 10010
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21 E 22nd St
2 Bedroom Apartments

21 E 22nd St

21 E 22nd StNew York, NY 10010
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50 Madison Ave
Studio Apartments

50 Madison Ave

50 Madison AveNew York, NY 10010
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22-24 W 26th St
Studio Apartments

22-24 W 26th St

22-24 W 26th StNew York, NY 10010

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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76 Madison Ave
2 Bedroom Apartments

76 Madison Ave

76 Madison AveNew York, NY 10016
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66 Madison Ave
1 Bedroom Apartments

66 Madison Ave

66 Madison AveNew York, NY 10016
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10 E 22nd St
1 Bedroom Apartments

10 E 22nd St

10 E 22nd StNew York, NY 10010
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38-44 W 26th St
Studio Apartments

38-44 W 26th St

38-44 W 26th StNew York, NY 10010
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Chelsea Stratus
Studio Apartments

Chelsea Stratus

735-753 Sixth AveNew York, NY 10010
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29 W 26th St
Studio to 3 Bedroom Apartments

29 W 26th St

29 W 26th StNew York, NY 10010
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241 5th Ave
1 Bedroom Apartments

241 5th Ave

241 5th AveNew York, NY 10016
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The Stanford
1 Bedroom Apartments

The Stanford

43-51 E 25th StNew York, NY 10010
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Altair 20
2 Bedroom Apartments

Altair 20

15 W 20th StNew York, NY 10011
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27 E 22nd St
Studio Apartments

27 E 22nd St

27 E 22nd StNew York, NY 10010

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.

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145 5th Ave
2 Bedroom Apartments

145 5th Ave

145 5th AveNew York, NY 10010
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170 Fifth Ave
Studio Apartments

170 Fifth Ave

170 Fifth AveNew York, NY 10010
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31 W 21st St
Studio Apartments

31 W 21st St

31 W 21st StNew York, NY 10010
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4 W 21st St
2 to 3 Bedroom Apartments

4 W 21st St

4 W 21st StNew York, NY 10010
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Flatiron House
1 to 3 Bedroom Apartments

Flatiron House

39 W 23rd StNew York, NY 10010
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124 W 25th St
Studio Apartments

124 W 25th St

124 W 25th StNew York, NY 10001
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33 E 22nd St
Studio Apartments

33 E 22nd St

33 E 22nd StNew York, NY 10010
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325 Park Ave S
2 Bedroom Apartments

325 Park Ave S

325 Park Ave SNew York, NY 10022
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9 W 20th St
Studio to 2 Bedroom Apartments

9 W 20th St

9 W 20th StNew York, NY 10011
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16 W 21st St
2 Bedroom Apartments

16 W 21st St

16 W 21st StNew York, NY 10010

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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18 E 23rd St
Studio Apartments

18 E 23rd St

18 E 23rd StNew York, NY 10010
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21 W 20th St
1 Bedroom Apartments

21 W 20th St

21 W 20th StNew York, NY 10011
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20 W 26th St
Studio Apartments

20 W 26th St

20 W 26th StNew York, NY 10010
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44 W 22nd St
Studio to 6 Bedroom Apartments

44 W 22nd St

44 W 22nd StNew York, NY 10010
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Jack Special
3 Bedroom Apartments

Jack Special

4 W 28th StNew York, NY 10001
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22 W 25th St
Studio to 1 Bedroom Apartments

22 W 25th St

22 W 25th StNew York, NY 10010
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52 W 21st St
Studio to 1 Bedroom Apartments

52 W 21st St

52 W 21st StNew York, NY 10010
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46 W 22nd St
1 Bedroom Apartments

46 W 22nd St

46 W 22nd StNew York, NY 10010
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11-13 W 26th St
Studio Apartments

11-13 W 26th St

11-13 W 26th StNew York, NY 10010

The Unofficial NYC Playbook: An Insider's Guide to Where to Eat, Roam, and Find Your Home in the City That Never Sleeps

Moving to NYC? Go beyond the landmarks. Our local expert shares an insider's guide to New York City's neighborhoods, finding your rhythm, and making the city feel like home.

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172 5th Ave
Studio Apartments

172 5th Ave

172 5th AveNew York, NY 10010
  • Utilities Included
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10 W 28th St
1 Bedroom Apartments

10 W 28th St

10 W 28th StNew York, NY 10001
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35 W 20th St
2 Bedroom Apartments

35 W 20th St

35 W 20th StNew York, NY 10011
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29 E 28th St
1 Bedroom Apartments

29 E 28th St

29 E 28th StNew York, NY 10016
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4 W 22nd St
Studio Apartments

4 W 22nd St

4 W 22nd StNew York, NY 10010
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Echelon Chelsea
Studio to 3 Bedroom Apartments

Echelon Chelsea

35 W 21st StNew York, NY 10010
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True North NoMad
Studio to 5 Bedroom Apartments

True North NoMad

80-84 Madison AveNew York, NY 10016
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Chelsea Tower
Studio to 2 Bedroom Apartments

Chelsea Tower

100 W 26th StNew York, NY 10001

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.

Madison Square, New York, NY Local Guide

Cheapest Available Madison Square Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Anagram Nomad1 Bedroom / 1 Bathroom1BR,1BA$6,315
Echelon ChelseaA021BR,1BA$6,650

Best Value Apartments for Rent in Madison Square, NY

As of April 16, 2026 the best value apartment in the Madison Square area is the $9.07 price per square foot A02 Model at Echelon Chelsea in the in the Gramercy-Flatiron neighborhood starting from $6,650. The second greatest value Madison Square apartment is the 1 Bedroom / 1 Bathroom Model at Anagram Nomad starting at $6,315 with a $8.71 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Echelon ChelseaA021BR,1BA$9.07
Anagram Nomad1 Bedroom / 1 Bathroom1BR,1BA$8.71

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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The Local NYC Expert's Guide to the Perfect Neighborhoods Near Top Employers

From Battery Park City to Hudson Heights, find a rental that makes walking to work a reality. Explore the best NYC neighborhoods near major employers.

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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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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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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in NYC

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the New York City area for affordable living. Find your perfect NYC Student apartment, condo, or rental home today at ApartmentHomeliving.com

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Quick 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.

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Pet Friendly Lifestyle
Madison Square, New York, NY

Ranked #77

Among cities in New York for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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

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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.

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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.

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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.

decorative image for The Unofficial NYC Playbook: An Insiders Guide to Where to Eat, Roam, and Find Your Home in the City That Never Sleeps article

The Unofficial NYC Playbook: An Insiders Guide to Where to Eat, Roam, and Find Your Home in the City That Never Sleeps

Written by: Joshua Carlucci

Every block of New York City feels like a stage set for daily life.

Articles, How-To's, and Tips

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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.

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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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.