Cheap Apartments for Rent in Madison, SD

14 rentals

Apartments For Rent Near Madison, SD

We found 30 more apartments matching your filters just outside Madison

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 increased in Oct 2026 compared to the previous month. Rent previously peaked in Oct 2025.
MonthAverage rent
Nov 2025$1,350
Dec 2025$600
Jan 2026$650
Feb 2026$750
Mar 2026$925
Apr 2026$990
May 2026$985
Jun 2026$1,119
Jul 2026$920
Aug 2026$892
Sep 2026$975
Oct 2026$1,075
View as a graph

Average Rent By Bedroom and Home Type

In October 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
1 bed2 beds3 beds4 bedsAll
All home types$855$1,200$1,075$2,239$1,200
Townhomes———$2,300$2,300
Apartments and Condos$850$1,200$1,075—$1,200
Houses———$2,239$2,239
See more information about local market trends in Madison, SD

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 $1,087 per month. This is about 44% lower than the national average.
  • What are the cheapest months to find an apartment to rent in Madison, SD?
    Last year, the cheapest month to find an apartment to rent was Sep 2025 when it was $100 per month.
  • How many cheap apartments are available in Madison, SD?
    There are 8 apartments to rent that are cheaper than the city’s average rent of $1,200.
  • 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.
  • What are some zip codes in Madison, SD?
    Madison, SD includes zip codes such as: 57042.
  • What are some cities near Madison, SD?
    Some nearby cities include: Wentworth, Ramona, Winfred, Rutland, Chester. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Madison, SD - 141 Rentas | Trulia