Cheap Apartments for Rent in Madison, SD
12 rentals
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Use arrow keys to navigatePET FRIENDLY$855 - $1,590/mo
1-2 Beds
1-2 BathsLake Area Townhomes Phase IIB | 415 SE 8th St #30dfc18ba,
Madison, SD 57042
Use arrow keys to navigate$855 - $1,590/mo1-2 Beds1-3 BathsLake Area Townhomes Phase I | 418 SW 8th St #f37087686,
Madison, SD 57042
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PET FRIENDLY$1,050 - $1,350/moStudio-2 Beds1 BathWashington Flats | 1034 Washington Ave S #52e48b964,
Madison, SD 57042
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Apartments For Rent Near Madison, SD
We found 30 more apartments matching your filters just outside Madison
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Average Rent Trends in Madison, SD
Rent in Madison, SD varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $850 |
| Jul 2025 | $750 |
| Aug 2025 | $835 |
| Sep 2025 | $100 |
| Oct 2025 | $1,350 |
| Nov 2025 | $1,350 |
| Dec 2025 | $600 |
| Jan 2026 | $650 |
| Feb 2026 | $750 |
| Mar 2026 | $925 |
| Apr 2026 | $990 |
| May 2026 | $985 |
Average Rent By Bedroom and Home Type
In June 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 | $855 | $1,285 | $100 | — | $985 |
| Apartments and Condos | — | $850 | — | — | $850 |
| Houses | $1,175 | — | $1,500 | — | $1,500 |
Frequently Asked Questions about Rentals in Madison, SD
- What is the average rent of an apartment in Madison, SD?The average rent of an apartment in Madison, SD is $1,025 per month. This is about 47% lower than the national average.
- What is the average rent of a house in Madison, SD?The average rent of a house in Madison, SD is $1,500 per month. This is about 22% lower than the national average.
- When is the average rent cheapest in Madison, SD?In the last year, the average rent in Madison, SD was lowest in Sep 2025 when it was $100 per month.
- When is the average rent most expensive in Madison, SD?In the last year, the average rent in Madison, SD was highest in Oct 2025 when it was $1,350 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Madison, SD?The average rent of a 1 bedroom apartment in Madison, SD is $855 per month. That is about $195 less than the cost of a studio apartment.
- How many available rental listings are in Madison, SD?There are 12 available rental listings in Madison, SD.
- What are some zip codes in Madison, SD?Madison, SD includes zip codes such as: 57042.
- What are some cities near Madison, SD?