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Madison, IL Home for Rent

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  • 1906 Rhodes St Unit 4, Madison, IL 62060
    1906 Rhodes St Unit 4, Madison, IL 62060
    1906 Rhodes St Unit 4, Madison, IL 62060
    /8

    $875 Per Month

    • 1 Bed
    • 1 Bath
    • 550 Sq Ft
    • Condo for Rent

    1906 Rhodes St Unit 4, Madison, IL 62060

    $875 includes water, sewer, and trash. Management pays those costs for you, so its a bargain at $875All Applicants must make 3.5X the rental income, so in this case, you must make $3,000+/ month after taxes and all deductions. Your take-home pay must be $3,000+/ month.All Applicants must have good credit and good background screening.Updated One-Bedroom Apartment in Madison, ILDiscover this

    1906 Rhodes St Unit 4, Madison, IL 62060
Illinois Madison County

Homes for Rent in Madison, IL

Why Live in Madison

Madison, Illinois, situated just six miles northeast of downtown St. Louis, offers a blend of small-town tranquility and vibrant attractions. The city is renowned for the World Wide Technology Raceway, a 65,000-seat venue hosting NASCAR and professional drag racing events, which has significantly boosted local growth and economy. Residents can enjoy performances from world-famous musicians at the raceway, adding to the city's lively atmosphere. Madison features several parks, including 7th & Lee Public Park and Madison Baseball Diamonds, where community sports leagues are popular. The Mississippi River provides scenic outdoor activities with the Old Chain of Rocks Bridge & Park and Chouteau Island Nature Trail, ideal for hiking, bird-watching, and fishing. Gateway National Golf Course, known for its public bent grass fairways, offers golfing opportunities and a clubhouse for social gatherings. Dining options include the historic Marko’s Fish Restaurant and nearby Madison Meat Market, with larger supermarkets like Walmart and Schnucks located in Granite City. Housing in Madison primarily consists of single-story shotgun and Craftsman-style homes from the early 1900s, reflecting affordable prices. The city is in a transition period, moving from rentals to home ownership. Transportation to St. Louis is convenient via State Route 203 and interstates 55 and 70, with regional bus services connecting to the City Metro Link.

Learn more about living in Madison

Frequently Asked Questions

How much does it cost to rent a home in Madison, IL?
The median rent for a home in Madison, IL is $875 per month, though prices vary by neighborhood, size, and property type. As of September 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Madison, IL?
To comfortably afford the median rent in Madison, IL, a household needs to earn roughly $35,000 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 $875 per month in Madison, IL, renters typically need to show $2,625 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, IL?
In Madison, IL, the price-to-rent ratio is 7.1, 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.
What neighborhoods in Madison, IL are best for renting a home?
The best neighborhood for renting in Madison, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include College Hill, Baden, Greater Ville, Downtown Saint Louis and Downtown West, each with its own character and price range.

Rental Trends in Madison, IL

There are currently 1 homes available for rent in Madison, IL. The median rent is $875 per month, with single-family homes renting at $875.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$875
Median Single Family Home Rent
$875
How to Rent a Home

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