Apartments for Rent in Madison, SD

Prices and availability in Madison, SD were last updated on 13 May 2026.

The best apartments in Madison, SD are: Parkview Apartments and Evergreen Townhomes.

In Madison 44% of the housing is rented out compared to 56% of homes are owned, according to the most recent Census Bureau estimates. 5% of Madison's apartments are found in large buildings of 50 units or more, 53% are located in smaller apartment complexes with less than 50 units, and 43% are single-family rentals.

The average age of rental buildings in Madison is 57 years old, with none being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 12 stories, of which none are garden-style apartment communities, none are mid-sized buildings, and all are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Studio apartments in Madison are around 0% of rentals, while 1-bedroom floor plans represent 97% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 3% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.