Cheap Homes for Rent in Madison Square Neighborhood of New York, NY from $4,500 (10 Rentals)

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

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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$5,791

Best Value Apartments for Rent in Madison Square, NY

As of November 12, 2025 the best value apartment in the Madison Square area is the $9.78 price per square foot 3 Bedroom / 3 Bathroom Model at Anagram Nomad in the in the Gramercy-Flatiron neighborhood starting from $15,827. The second greatest value Madison Square apartment is the A02 Model at Echelon Chelsea starting at $6,582 with a $8.98 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.
Anagram Nomad3 Bedroom / 3 Bathroom3BR,3BA$9.78
Echelon ChelseaA021BR,1BA$8.98

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Madison Square, New York, NY

Ranked #65

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Madison Square

What type of rentals are currently available in Madison Square?

There are currently 79 Apartments for Rent in Madison Square, NY with pricing that ranges from $3,000 to $9,021. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison Square ranging from $4,574 to $9,450.

What is the current price range for Rental Homes in Madison Square?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Madison Square ranges from $4,574 to $9,450 with an average monthly rent of $5,987.

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.

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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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.