Cheap Apartments for Rent in Madison, IL

1 rentals

  • 1906 Rhodes St #4, Madison, IL 62060
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    PET FRIENDLY
    $875/mo
    1 Bed
    1 Bath
    550 sqft
    1906 Rhodes St #4,
    Madison, IL 62060

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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 decreased in Sep 2026 compared to the previous month. Rent previously peaked in Mar 2025.
MonthAverage rent
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
Sep 2026$739
View as a graph

Average Rent By Bedroom and Home Type

1 bed2 beds3 beds4 bedsAll
All home types$875———$875
Apartments and Condos$875———$875
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 $875 per month. This is about 55% lower than the national average.
  • What are the cheapest months to find an apartment to rent in Madison, IL?
    Last year, the cheapest month to find an apartment to rent was Nov 2025 when it was $650 per month.
  • How many cheap apartments are available in Madison, IL?
    There are 1 apartments to rent that are cheaper than the city’s average rent of $875.
  • 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.
  • 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 - 4,419 Rentas | Trulia