6

Madison, IL Homes for Rent

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  • /8

    Starting at $625 Per Month

    • Studio - 4 Beds

    1635 W 1st St, Granite City, IL 62040

    River's Edge Apartments offers a variety of efficiency, 2, 3, and 4 bedroom layouts in a campus-like setting. Our convenient location provides excellent access to the region: just 10 minutes to downtown St. Louis, MO, and fast access to Pontoon Beach, Glen Carbon, Edwardsville, Wood River, Collinsville, Fairview Heights, and other Southwest Illinois communities. Rent includes electric, gas,

    Rivers Edge Apartments

    1635 W 1st St, Granite City, IL 62040
  • /14

    $950 Per Month

    • 1 Bed
    • 1 Bath
    • 488 Sq Ft
    • House for Rent

    2000 Meridian Ave, Granite City, IL 62040

    Welcome to a cozy recently, renovated one bed one bath home on a corner lot with a lovely yard a fenced a lot in the front and back! All new everything new kitchen, new washer and dryer new bathroom, new flooring lights, etc. This home also offers a detached one car garage. Perfect for the minimalist

    Tammy Hines Tammy Mitchell Hines & Co.

    2000 Meridian Ave, Granite City, IL 62040
  • /10

    $795 Per Month

    • 1 Bed
    • 1 Bath
    • 381 Sq Ft
    • House for Rent

    809 Greenwood St, Madison, IL 62060

    Cute home available for showings! Off-street parking, central heat and air, and unfinished basement w/ washer/dryer hook-ups. Credit score must be 550+, pets okay with owner approval. By submitting your information on this page you consent to being contacted by the Property Manager and RentEngine via SMS, phone, or email.

    809 Greenwood St, Madison, IL 62060
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    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • 900 Sq Ft
    • Condo for Rent

    1534 7th St Unit A, Madison, IL 62060

    1534 7th St Unit A, Madison, IL 62060
  • /15

    $795 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    1693 Market St, Madison, IL 62060

    Located in Madison, this home is set on a corner lot, has a driveway and carport, laundry hook-ups, central heat/ac, and is totally updated! Credit score must be 550+, pets okay with owner approval.By submitting your information on this page you consent to being contacted by the Property Manager and RentEngine via SMS, phone, or email.

    1693 Market St, Madison, IL 62060
  • /8

    $675 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    2011 Harris St Unit C, Madison, IL 62060

    Updated 1-bedroom apartment available! Washer/dryer hook-up, small back patio, eat-in kitchen, front porch, and more! Credit score needs to be 550+, pets will need owner approval.By submitting your information on this page you consent to being contacted by the Property Manager and RentEngine via SMS, phone, or email.

    2011 Harris St Unit C, Madison, IL 62060

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.

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 $795 per month, though prices vary by neighborhood, size, and property type. As of June 2026, single-family homes tend to be the most affordable option while townhouses and condos are currently more expensive.
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 $31,800 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 $795 per month in Madison, IL, renters typically need to show $2,385 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 7.5, 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, Hyde Park, Downtown Saint Louis, Downtown West and Midtown, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
6
Median Rent
$795
Median Single Family Home Rent
$795
Median Townhouse Rent
$795
Median Condo Rent
$938
How to Rent a Home