Cheap Apartments for Rent in Madison, IL
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Apartments For Rent Near Madison, IL
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NEW - 1 DAY AGO$595 - $625/mo
Studio-1 Bed
1 BathPasadena Apartments | 3954 S Grand Blvd #3523-2E,
Saint Louis, MO 63118
SPECIAL OFFERPET FRIENDLY
Average Rent Trends in Madison, IL
Rent in Madison, IL varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Apr 2026 compared to the previous month. Rent previously peaked in Mar 2025.
| Month | Average rent |
|---|---|
| Apr 2025 | $800 |
| May 2025 | $1,400 |
| Jul 2025 | $950 |
| Aug 2025 | $1,095 |
| Sep 2025 | $950 |
| Oct 2025 | $800 |
| Nov 2025 | $650 |
| Dec 2025 | $950 |
| Jan 2026 | $895 |
| Feb 2026 | $800 |
| Mar 2026 | $895 |
| Apr 2026 | $919 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $675 | $799 | — | — | $795 |
| Townhomes | — | $900 | — | — | $900 |
| Apartments and Condos | $675 | — | — | — | $675 |
| Houses | $795 | $799 | — | — | $799 |
Frequently Asked Questions about Rentals in Madison, IL
- What is the average rent in Madison, IL?The average rent in Madison, IL is $795. Rent prices range from $675 to as much as $900, depending on the type of rental.
- How does the rent in Madison, IL compare to the national average?Average rent in Madison, IL is about 58% lower than the national average rent of $1,910. That means it is less expensive to rent in Madison compared to the U.S. average.
- What is the average rent in Madison, IL, by number of bedrooms?The average rent in Madison, IL is $ for a studio, $675 for a 1 bedroom, $894 for a 2 bedroom, $ for a 3 bedroom, and $ for a 4 bedroom.
- How have rent prices in Madison, IL changed compared to last year?In the past year, the average rent price in Madison, IL has decreased by $605. That means the average rent is 76% lower than last year.
- How many available rental listings are in Madison, IL?There are 4 available rental listings in Madison, IL.
- What are some zip codes in Madison, IL?Madison, IL includes zip codes such as: 62060.
- What are some cities near Madison, IL?Some nearby cities include: Granite City, Venice, Lovejoy, Riverview, Glasgow Village. These cities may have more rental options to explore.