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Studio Apartment for Rent in Madison, OH

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    $995

    Total Monthly Price

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

    11 N Lake St Unit 1, Madison, OH 44057

    Come check out this BEAUTIFUL fully renovated efficiency loft unit in the heart of downtown Madison Village! Unit has updated plumbing, electrical, baseboard heating, vinyl flooring, lighting, hot water tank, and new double hung windows! Kitchen and bath have been completely updated as well! Unit comes with 2 walk in lighted closets, outdoor patio, secured corridor. Only a few minutes

    11 N Lake St Unit 1, Madison, OH 44057

Why Live in Madison

Madison, OH, offers a tranquil village lifestyle by the Grand River, attracting both lifelong residents and newcomers with its rural charm and slower pace. The village is surrounded by dense forests and features spacious lots, providing ample opportunities for new construction. Architectural styles in Madison range from New Traditional and colonial-inspired homes to ranch-style houses and condos. The village's small downtown district includes local businesses such as Flagship Craft Cocktails & Eatery, Madison Brewing Company, and Osaka, alongside unique shops like Main Street Vintiques and Video Game Nirvana. Madison is also near several Grand River Valley wineries, including Debonné Vineyards and Laurentia Vineyard & Winery, which host tastings and live music. The village is well-connected via State Routes 528 and 84, with Interstate 90 and Highway 20 leading to Cleveland, about 55 miles away. Commuters can also use the Laketran Park-n-Ride stop for access to downtown Cleveland. Madison Village Square Park is a central outdoor space featuring historical monuments, flower beds, and a pavilion for summer concerts. Other recreational options include Dana's Park, Powderhorn Golf Course, and nearby natural areas like Hidden Valley and Hogback Ridge. Seasonal festivals such as Oktoberfest and Christmas in the Village Park bring the community together with vendors, music, and activities. Despite the presence of two freight lines causing occasional traffic stops, Madison remains a peaceful village with locally owned businesses and a close-knit community feel.

Frequently Asked Questions

How much does it cost to rent a home in Madison, OH?
The median rent for a home in Madison, OH is $1,200 per month, though prices vary by neighborhood, size, and property type. As of June 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, OH?
To comfortably afford the median rent in Madison, OH, a household needs to earn roughly $48,000 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 $1,200 per month in Madison, OH, renters typically need to show $3,600 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, OH?
In Madison, OH, the price-to-rent ratio is 14.2, 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
$1,200
Median Single Family Home Rent
$1,400
Median Condo Rent
$1,200
How to Rent a Home