Cheap Apartments for Rent in Madison, IL

3 rentals

Apartments For Rent Near Madison, IL

We found 30 more apartments matching your filters just outside Madison

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 Aug 2026 compared to the previous month. Rent previously peaked in Mar 2025.
MonthAverage rent
Sep 2025$950
Oct 2025$800
Nov 2025$650
Dec 2025$950
Jan 2026$895
Feb 2026$800
Mar 2026$895
Apr 2026$917
May 2026$799
Jun 2026$675
Jul 2026$795
Aug 2026$950
View as a graph

Average Rent By Bedroom and Home Type

In August 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types$650$950$1,150—$950
Apartments and Condos$650———$650
Houses$795$950$1,150—$1,050
See more information about local market trends in Madison, IL

Frequently Asked Questions about Rentals in Madison, IL

  • What is the average rent of an apartment in Madison, IL?
    The average rent of an apartment in Madison, IL is $650 per month. This is about 67% lower than the national average.
  • When is the average rent cheapest in Madison, IL?
    In the last year, the average rent in Madison, IL was lowest in Nov 2025 when it was $650 per month.
  • When is the average rent most expensive in Madison, IL?
    In the last year, the average rent in Madison, IL was highest in Mar 2025 when it was $1,450 per month.
  • 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.
View this page in Spanish: Apartamentos baratos en renta en Madison, IL - 4,919 Rentas | Trulia