Cheap Apartments for Rent in the Carpenter-Ridgeway Neighborhood of Madison, WI from $500 (65 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Algoma Apartments
Studio to 2 Bedroom Apartments

Algoma Apartments

404 Algoma StMadison, WI 53704
Utilities inc.
close
View Me
Tennyson Ridge
2 Bedroom Apartments

Tennyson Ridge

3834 Whitman LnMadison, WI 53704
Utilities inc.
close
View Me
2018 N Sherman Ave
1 Bedroom Apartments

2018 N Sherman Ave

2018 N Sherman AveMadison, WI 53704
Senior Living
Utilities inc.
close
View Me
Onsgard Place
2 Bedroom Apartments

Onsgard Place

1713-1721 Onsgard RdMadison, WI 53704
Utilities inc.
close
View Me
Eastpointe
3 Bedroom Apartments

Eastpointe

309 Clyde Gallagher AveMadison, WI 53714
Utilities inc.
close
View Me
Autumnwood
Studio to 2 Bedroom Apartments

Autumnwood

4805-4901 Lien RdMadison, WI 53704
Utilities inc.
close
View Me
1124 Jenifer St
1 Bedroom Apartments

1124 Jenifer St

1124 Jenifer StMadison, WI 53703
Utilities inc.
close
View Me
2405 Monterey Dr
2 Bedroom Apartments

2405 Monterey Dr

2405 Monterey DrMadison, WI 53704
Utilities inc.

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 Freedom Park priced from $950. Hooker Avenue Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $975. Here are the most affordable Carpenter-Ridgeway apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Freedom Park1 Bed/ 1 Bath1BR,1BA$950
Hooker Avenue ApartmentsStudioStudio,1BA$975
The Life at Madison Grove1 BED 1 BATH1BR,1BA$999
Madison Mayfair Apartments1 Bedroom1BR,1BA$1,000
Enso ApartmentsSTUDIOSStudio,1BA$1,068
PMM + MS1 Bedroom1BR,1BA$1,100
Elka Lane Apartments1BR/1BA1BR,1BA$1,100
Rise Apartments1 Bed, 1 Bath1BR,1BA$1,112
The Oscar Senior Apartments1 Bedroom Income Restricted 50%1BR,1BA$1,129
PMM1 Bedroom 1 Bath-The Charley1BR,1BA$1,150

Best Value Apartments for Rent in Carpenter-Ridgeway, WI

As of February 21, 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 Sinykin Circle Model at 10-63 Sinykin Cir starting at $1,700 with a $1.62 price per square foot in the 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
10-63 Sinykin CirSinykin Circle2BR,1BA$1.62
Hooker Avenue Apartmentsone bedroom1BR,1BA$1.55
Valor on WashingtonTwo Bedroom2BR,1BA$1.25
Freedom Park2 bed/1 bath2BR,1BA$1.20
Stonewood Villagesv1br1BR,1BA$1.48
View Pointe1 BR/ 1 BA1BR,1BA$1.49
Rise Apartments1 Bed, 1 Bath1BR,1BA$1.50
The Life at Madison Grove1 BED 1 BATH1BR,1BA$1.43
Madison Mayfair Apartments1 Bedroom1BR,1BA$1.54

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

Pet Friendly Lifestyle
Carpenter-Ridgeway, Madison, WI

Ranked #10

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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

Frequently Asked Questions about Cheap Carpenter-Ridgeway Apartments

What is the Cheapest Studio apartment in Carpenter-Ridgeway?

Currently the most affordable Cheap Studio Apartment in Carpenter-Ridgeway is at Hooker Avenue Apartments listed at $975.

How much is rent for a Cheap One Bedroom Carpenter-Ridgeway Apartment?

The lowest price for a Cheap One Bedroom Carpenter-Ridgeway Apartment is $950 at Freedom Park.

What is the lowest price for a Cheap Two Bedroom Carpenter-Ridgeway Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Carpenter-Ridgeway is starting from $1,050 at Madison Mayfair Apartments.

What is the most affordable Carpenter-Ridgeway Three Bedroom Apartment?

The best deal on a cheap Carpenter-Ridgeway Three Bedroom Apartment rental is at Madison Mayfair Apartments and starts from $1,300.

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.

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 How Your Move-In Inspection Can Protect Your Security Deposit  article

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.

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.