Apartments for Rent in Madison, SD

Prices and availability in Madison, SD were last updated on 23 May 2026.

The best apartment in Madison, SD is: Parkview Apartments.

In Madison, 40% of the residents are renting compared to 60% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 5% of Madison's rentals, 51% are small-scale complexes with under 50 units, and 41% are single-family rentals.

The average age of rental buildings in Madison is 55 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.