Cheap Apartments for Rent in Madison, WI from $400(522 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done
Showing Results 1-50, Page 1 of 11

Madison, WI Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Madison, WI

Pricing Updated: 12/27/2024

Current apartment rentals in the Madison, WI area range in price from $111 to $11,936 with an overall median price of $2,717. The three Madison neighborhoods with the lowest median rent pricing are North Lake Mendota at $720, Sherman Village at $720, and Lakeview Hills at $720. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Madison Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
North Lake Mendota$1,442$72028
Sherman Village$1,454$72061
Lakeview Hills$1,458$72085
Whitetail Ridge$1,458$750107
South Madison$1,516$630142
Mendota Hills$1,595$675115
Brentwood Village$1,600$565156
Sherman$1,605$565170
Lerdahl Park$1,700$720112
Allied$1,750$630154

Cheapest Available Madison Apartments for Rent

 

The cheapest available apartment rental in Madison, WI is a 1 Bed unit found at Uno Terrace in the Far West Side neighborhood priced from $646. Klassik in the Outer Verona neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $656. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Uno Terrace1 Bed. 1 Bath1BR,1BA$646
KlassikOne Bed, One Bath1BR,2BA$656
Hellenbrand ApartmentsStudio--111 S BassettSOLD OUT UNTIL 2025-08Studio,1BA$777
The ShieldA21BR,1BA$842
Vivo Living MadisonThe HenryStudio,1BA$895
Oakridge ApartmentsStudioStudio,1BA$900
Point PlaceOne Bedroom1BR,1BA$925
Hub on Campus Madison5X6D45BR,4BA$942
Waunakee Country View1 Bed 1 Bath (D)1BR,1BA$945
Freedom Park1 Bed/ 1 Bath1BR,1BA$950

Best Value Apartments for Rent in Madison, WI

As of December 27, 2024 the best value apartment in the Madison area is the $1.00 price per square foot Redspire Model at 6820-6850 Redspire Ln in the starting from $2,199. The second greatest value Madison apartment is the Duplex Model at Sauk Creek Apartments starting at $2,395 with a $1.20 price per square foot in the Far West Side neighborhood. Here is today’s list of the best values for Madison apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
6820-6850 Redspire LnRedspire3BR,2.5BA$1.00
Sauk Creek ApartmentsDuplex3BR,2.5BA$1.20
The Element on MainThree Bedroom3BR,1BA$0.99
Northern BluffsSandstone3BR,1BA$1.23
Oak Ridge Middleton Senior Community2 Bed 50%2BR,1BA$1.20
Freedom Park2 bed/1 bath2BR,1BA$1.20
Stone Ridge Apartments2BR/1.0BA2BR,1BA$1.08
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1.16
Uno Terrace1 Bed. 1 Bath1BR,1BA$0.88
The ShieldA21BR,1BA$1.18

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Madison Overview

It is hard to find a more All-American city than Madison, beautifully situated on an isthmus between Lake Mendota and Lake Monona. Madison is the second largest city in Wisconsin, behind Milwaukee, and is the state capital as well as home of the well-respected University of Wisconsin-Madison. Madison is clean and well-laid out with a low unemployment rate and low crime rate that makes it a great place to live and work for both families and young professionals. From farmers markets to festivals to sports to arts and recreation Madison offers something for everybody to enjoy. More than half a million people live in homes and apartments in Madison and the surrounding metro area.

Why live in Madison, WI?

"In Madison you get the best of two worlds with the city the center of Wisconsin state politics and also the benefits of living in a ""college town"". Both the state government and the University of Wisconsin-Madison provide good job opportunities to residents. Madison has one of the highest concentrations of college grads in the country making it a ""smart city"" to live in. Madison promotes a healthy lifestyle with year-round recreation activities from ice skating and cross-country skiing in the winter to boating and hiking in the summer. Madison is home to a vibrant music and performing arts scene. No matter what you like to do for fun and adventure, Madison apartments make an excellent place to call home!"

Madison, WI
Population: 258,054

Ranked #81

in US Census Population by City

decorative image of people examining a giant globe and floating graphs

Pet Friendly Lifestyle
Madison, WI

Ranked #1

Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Madison, WI Rentals by Map

Decorative image of map

See the most popular apartments and homes in Madison, WI

View MapMadison, WI Apartments MapView MapMadison, WI Rental Homes Map

Getting Around Madison, WI

Walk Score®

59 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

69 / 100

Bikeable

Some bike infrastructure

Transit Score®

35 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Madison Apartments

What is the Cheapest Studio apartment in Madison?

Currently the most affordable Cheap Studio Apartment in Madison is at Hellenbrand Apartments listed at $777.

How much is rent for a Cheap One Bedroom Madison Apartment?

The lowest price for a Cheap One Bedroom Madison Apartment is $646 at Uno Terrace.

What is the lowest price for a Cheap Two Bedroom Madison Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Madison is starting from $770 at Uno Terrace.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at Uno Terrace and starts from $884.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Navigating the World of Low-Income Housing: A Comprehensive Guide article

Navigating the World of Low-Income Housing: A Comprehensive Guide

Written by: Kevin Ready

Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.

decorative image for Real Estate Term Glossary: Your Guide to The A to Zs of Renting article

Real Estate Term Glossary: Your Guide to The A to Zs of Renting

Written by: Kevin Ready

Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new language.