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Madrid, IA Condos for Rent

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  • 825 Robin Ln Unit 825 Robin Lane, Madrid, IA 50156
    825 Robin Ln Unit 825 Robin Lane, Madrid, IA 50156
    825 Robin Ln Unit 825 Robin Lane, Madrid, IA 50156
    /39

    $950 Per Month

    • 2 Beds
    • 1 Bath
    • 845 Sq Ft
    • 2 Bedroom, Single-story Townhomes for rent in Madrid, IA

    825 Robin Ln Unit 825 Robin Lane, Madrid, IA 50156

    Did you know you could lease a ranch style townhome for about the same cost as renting an apartment? The conveniences of an apartment with the enjoyment of your own front door, yard and attached garage. Upgrade your apartment experience to townhome living with Kading!We offer affordable living with desired amenities such as washer/dryer hook-ups, cable ready units, air conditioning, vinyl

    825 Robin Ln Unit 825 Robin Lane, Madrid, IA 50156
  • 106 E Ninth St Unit 106 9th Street, Madrid, IA 50156
    106 E Ninth St Unit 106 9th Street, Madrid, IA 50156
    /2

    $1,110 Per Month

    • 3 Beds
    • 1 Bath
    • 1,008 Sq Ft
    • 3 Bedroom, Single-story Townhomes for rent in Madrid, IA

    106 E Ninth St Unit 106 9th Street, Madrid, IA 50156

    Did you know you could lease a ranch style townhome for about the same cost as renting an apartment? The conveniences of an apartment with the enjoyment of your own front door, yard and attached garage. Upgrade your apartment experience to townhome living with Kading! We offer affordable living with desired amenities such as washer/dryer hook-ups, cable ready units, air conditioning,

    106 E Ninth St Unit 106 9th Street, Madrid, IA 50156
Iowa Boone County Madrid

Condos for Rent in Madrid, IA

Frequently Asked Questions

How much does it cost to rent a condo in Madrid, IA?
The median rent for a condo in Madrid, IA is $1,110 per month, though prices vary by neighborhood, size, and property type. As of May 2026, single-family homes tend to be the most affordable option while condos are currently more expensive.
How much do you need to make to afford rent in Madrid, IA?
To comfortably afford the median rent in Madrid, IA, a household needs to earn roughly $32,000 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 $800 per month in Madrid, IA, renters typically need to show $2,400 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 Madrid, IA?
In Madrid, IA, the price-to-rent ratio is 25.6, 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 Madrid, IA are best for renting a condo?
The best neighborhood for renting in Madrid, IA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include College Creek, Edwards, Northwest Ankeny, Southwest Johnston and Somerset Village, each with its own character and price range.

Rental Home Trends in Madrid, IA

There are currently 2 condos available for rent in Madrid, IA. The median rent is $1,110 per month, with 3-bedroom condos at $1,110.

Rental Home Trends

Number of Condos for Rent
2
Median Condo Rent
$1,110
Median 3 Bedroom Condo Rent
$1,110
How to Rent a Home

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