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Madison, IL Houses for Rent

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  • 2032 Milan Ave, Madison, IL 62060
    2032 Milan Ave, Madison, IL 62060
    2032 Milan Ave, Madison, IL 62060
    /14

    $1,050 Per Month

    • 2 Beds
    • 1 Bath
    • House for Rent

    2032 Milan Ave, Madison, IL 62060

    Property Id: 2523015Why keep renting when you could own?This home offers:• Affordable monthly payment• Move in right away• No traditional bank financing required• A chance to build ownership instead of paying rentPerfect for someone ready to take the next step toward owning a home but who may not qualify for a traditional mortgage.Opportunities like

    (810) 815-4789

    2032 Milan Ave, Madison, IL 62060
  • 2000 Meridian Ave, Granite City, IL 62040
    2000 Meridian Ave, Granite City, IL 62040
    2000 Meridian Ave, 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
  • 809 Greenwood St, Madison, IL 62060
    809 Greenwood St, Madison, IL 62060
    809 Greenwood St, Madison, IL 62060
    /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
Illinois Madison County Madison

Houses for Rent in Madison, IL

Frequently Asked Questions

How much does it cost to rent a single-family home in Madison, IL?
The median rent for a single-family home in Madison, IL is $1,050 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes 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 6.9, 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 single-family 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 single-family home include Soulard and Baden, each with its own character and price range.

Rental Home Trends in Madison, IL

There are currently 3 single-family homes available for rent in Madison, IL. The median rent is $1,050 per month.

Rental Home Trends

Number of Houses for Rent
3
Median Single Family Home Rent
$1,050
How to Rent a Home

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