Cheap Apartments for Rent in Madison, IN
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Apartments For Rent Near Madison, IN
We found 19 more apartments matching your filters just outside Madison
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APPLY INSTANTLYPET FRIENDLY- PET FRIENDLY$1,350 - $1,575/mo
2-3 Beds
2-3 Baths2985 State Hwy 7 | 2985 N State Highway 7,
North Vernon, IN 47265 
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Average Rent Trends in Madison, IN
Rent in Madison, IN 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 Oct 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,500 |
| Nov 2025 | $1,200 |
| Dec 2025 | $1,200 |
| Jan 2026 | $1,200 |
| Feb 2026 | $1,250 |
| Mar 2026 | $1,015 |
| Apr 2026 | $1,015 |
| May 2026 | $1,100 |
| Jun 2026 | $1,819 |
| Jul 2026 | $1,195 |
| Aug 2026 | $1,150 |
| Sep 2026 | $1,012 |
Average Rent By Bedroom and Home Type
In October 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $900 | $1,275 | $1,660 | $1,725 | $1,500 |
| Apartments and Condos | $800 | $1,200 | — | — | $1,200 |
| Houses | $900 | $1,600 | $1,660 | $1,725 | $1,600 |
Frequently Asked Questions about Rentals in Madison, IN
- What is the average rent of an apartment in Madison, IN?The average rent of an apartment in Madison, IN is $1,200 per month. This is about 38% lower than the national average.
- What are the cheapest months to find an apartment to rent in Madison, IN?Last year, the cheapest month to find an apartment to rent was Mar 2025 when it was $1,012 per month.
- How many cheap apartments are available in Madison, IN?There are 6 apartments to rent that are cheaper than the city’s average rent of $1,500.
- When is the average rent most expensive in Madison, IN?In the last year, the average rent in Madison, IN was highest in Oct 2025 when it was $1,500 per month.
- What are some zip codes in Madison, IN?
- What are some cities near Madison, IN?Some nearby cities include: Canaan, Dupont, Brooksburg, Milton, Cross Plains. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Madison, IN - 30 Rentas | Trulia
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