1

Studio Apartment for Rent in Madison, GA

Section Image
  • /7

    $1,500

    Total Monthly Price

    • Studio
    • 1 Bath
    • 220 Sq Ft
    • Condo for Rent

    557 Academy St Unit Cottage at Academy Street, Madison, GA 30650

    Charming fully furnished, freshly renovated cottage in the Historic District, daybed, bath with shower, kitchenette with refrigerator/freezer, ice maker, microwave, washer/dryer, WiFi, large screen TV, gated parking, shared pool with Owner. No smoking, no pets.

    557 Academy St Unit Cottage at Academy Street, Madison, GA 30650

Why Live in Madison

Madison, Georgia, is a small Southern town located 60 miles east of Atlanta, known for its historic charm and active social calendar. The town square, bustling with ten real estate offices, reflects the community's growth and appeal. Madison's Historic District features white-columned Colonial Revivals, Victorian homes, and brightly colored bungalows, while the outskirts offer ranches and new traditional homes. The local school system, Morgan County Charter Schools, includes highly rated institutions such as Morgan County Primary School, Morgan County Elementary, Morgan County Middle, and Morgan County High, which offers diverse career pathways. Madison's downtown area is vibrant, with restaurants like The Sinclair and Patisserie on Main, and design boutiques such as Zeb Grant Design and Stanton Home Furnishings. The Madison-Morgan Cultural Center hosts various events, and the town's parks and recreational facilities provide ample outdoor activities, including a $25 million complex with baseball fields, basketball courts, and a gym. Lake Oconee, located 10 miles east, is a popular spot for boating and fishing. Madison's crime rate is lower than the national average, contributing to its appeal. Residents primarily commute by car, with Interstate 20 providing access to Atlanta, Augusta, and Athens.

Frequently Asked Questions

How much does it cost to rent a home in Madison, GA?
The median rent for a home in Madison, GA is $1,802 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Madison, GA?
To comfortably afford the median rent in Madison, GA, a household needs to earn roughly $72,080 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,802 per month in Madison, GA, renters typically need to show $5,406 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Madison, GA?
In Madison, GA, the price-to-rent ratio is 23.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,802
Median Single Family Home Rent
$2,200
Median Condo Rent
$1,750
How to Rent a Home