Cheap Apartments for Rent in the Carpenter-Ridgeway Neighborhood of Madison, WI from $500 (66 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Carpenter-Ridgeway area of Madison.

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Algoma Apartments
Studio to 2 Bedroom Apartments

Algoma Apartments

404 Algoma StMadison, WI 53704
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Tennyson Ridge
2 Bedroom Apartments

Tennyson Ridge

3834 Whitman LnMadison, WI 53704
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Brentwood Terrace
1 Bedroom Apartments

Brentwood Terrace

2018 N Sherman AveMadison, WI 53704
Senior Living
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Onsgard Place
2 Bedroom Apartments

Onsgard Place

1713-1721 Onsgard RdMadison, WI 53704
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Eastpointe
3 Bedroom Apartments

Eastpointe

309 Clyde Gallagher AveMadison, WI 53714
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1124 Jenifer St
1 Bedroom Apartments

1124 Jenifer St

1124 Jenifer StMadison, WI 53703
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  • Smoke Free
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Autumnwood
Studio to 2 Bedroom Apartments

Autumnwood

4805-4901 Lien RdMadison, WI 53704
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2405 Monterey Dr
2 Bedroom Apartments

2405 Monterey Dr

2405 Monterey DrMadison, WI 53704
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Port Vista
Studio Apartments

Port Vista

3602-3702 Packers AveMadison, WI 53704
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Showing Results 1-50, Page 1 of 2

Carpenter-Ridgeway, Madison, WI Local Guide

Cheapest Available Carpenter-Ridgeway Apartments for Rent

 

The cheapest available apartment rental in the Carpenter-Ridgeway area of Madison, WI is a 1 Bed unit found at Nature Valley Apartments priced from $695. The Life at Madison Grove has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here are the most affordable Carpenter-Ridgeway apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Nature Valley Apartments1 bed/ 1 bath1BR,1BA$695
The Life at Madison Grove1 BED 1 BATH1BR,1BA$925
Freedom Park1 Bed/ 1 Bath1BR,1BA$950
Hooker Avenue ApartmentsStudioStudio,1BA$975
The Point on WashingtonStandard StudioStudio,1BA$999
Madison Mayfair Apartments1 Bedroom1BR,1BA$1,000
Eagle Harbor Apartments2 Bedroom 2 Bathroom2BR,2BA$1,064
Enso ApartmentsSTUDIOSStudio,1BA$1,068
The Grove ApartmentsIncome Restricted - One-Bed - 50%1BR,1BA$1,097
Elka Lane Apartments1BR/1BA1BR,1BA$1,100

Best Value Apartments for Rent in Carpenter-Ridgeway, WI

As of March 27, 2025 the best value apartment in the Carpenter-Ridgeway area is the $1.41 price per square foot 3x2 Income restricted Model at Carbon at Union Corners in the in the Near East Side neighborhood starting from $1,811. The second greatest value Carpenter-Ridgeway apartment is the 3 Bedroom 2 Bathroom Model at Eagle Harbor Apartments starting at $1,426 with a $1.26 price per square foot in the Near East Side neighborhood. Here is today’s list of the best values for Carpenter-Ridgeway apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Carbon at Union Corners3x2 Income restricted3BR,2BA$1.41
Eagle Harbor Apartments3 Bedroom 2 Bathroom3BR,2BA$1.26
Granite Ridge Apartments2 BR + Den (1+)2BR,1BA$1.47
Valor on WashingtonTwo Bedroom2BR,1BA$1.25
Stonewood Villagesv2brlow2BR,1BA$1.48
Freedom Park2 bed/1 bath2BR,1BA$1.20
2501 Calypso Rd2501 Calypso Rd2BR,1BA$1.52
View Pointe1 BR/ 1 BA1BR,1BA$1.49
The Life at Madison Grove1 BED 1 BATH1BR,1BA$1.32
Madison Mayfair Apartments1 Bedroom1BR,1BA$1.54

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Pet Friendly Lifestyle
Carpenter-Ridgeway, Madison, WI

Ranked #8

Among neighborhoods in Madison, WI for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Carpenter-Ridgeway, Madison, WI

School data provided by Great Schools

Best Local Schools in
Carpenter-Ridgeway, Madison, WI

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in areas across the United States including Carpenter-Ridgeway, Madison, and the greater Madison area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Carpenter-Ridgeway Neighborhood in Madison, WI

Walk Score®

60 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

81 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

42 / 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 Carpenter-Ridgeway Apartments

What is a cheap apartment in Carpenter-Ridgeway?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Carpenter-Ridgeway is under $1,100.

What is the price of a cheap apartment in Carpenter-Ridgeway?

The cheapest apartment in Carpenter-Ridgeway is Nature Valley Apartments which is listed at $695, while the average apartment in Carpenter-Ridgeway costs $2,645.

What types of apartments are the cheapest in Carpenter-Ridgeway?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 23 regular apartments in Carpenter-Ridgeway that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Carpenter-Ridgeway?

Cheap apartments in Carpenter-Ridgeway have an average cost of $344 which is $2,301 cheaper than the average rent for all rentals in Carpenter-Ridgeway.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.