Cheap Homes for Rent in Carpenter-Ridgeway Neighborhood of Madison, WI from $1,200 (11 Rentals)

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

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

property at 4603 Martha Ln

4603 Martha Ln

MadisonWI53714
Showing Results 1-11, Page 1 of 1

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 The Life at Madison Grove priced from $925. Freedom Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Carpenter-Ridgeway apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
The Life at Madison Grove1 BED 1 BATH1BR,1BA$925
Freedom Park1 Bed/ 1 Bath1BR,1BA$950
Nature Valley ApartmentsStudioStudio,1BA$995
The Point on WashingtonStandard StudioStudio,1BA$999
Madison Mayfair Apartments1 Bedroom1BR,1BA$1,000

Best Value Apartments for Rent in Carpenter-Ridgeway, WI

As of April 11, 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 Parkland Model at Prentice Park starting at $1,499 with a $1.20 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
Prentice ParkParkland2BR,2BA$1.20
Eagle Harbor Apartments3 Bedroom 2 Bathroom3BR,2BA$1.26
Ridge Creek Apartments2x10282BR,1BA$1.48
Granite Ridge Apartments2 BR + Den (1+)2BR,1BA$1.49
Valor on WashingtonTwo Bedroom2BR,1BA$1.25
Stonewood Villagesv2brlow2BR,1BA$1.48
Ridgewood Trails1BR/1.0BA1BR,1BA$1.45
Freedom Park1 Bed/ 1 Bath1BR,1BA$1.19
The Life at Madison Grove1 BED 1 BATH1BR,1BA$1.32

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

Frequently Asked Questions about Carpenter-Ridgeway

What type of rentals are currently available in Carpenter-Ridgeway?

There are currently 246 Apartments for Rent in Carpenter-Ridgeway, WI with pricing that ranges from $565 to $7,225. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Carpenter-Ridgeway ranging from $1,250 to $3,395.

What is the current price range for Rental Homes in Carpenter-Ridgeway?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Carpenter-Ridgeway ranges from $1,250 to $3,395 with an average monthly rent of $2,540.

How much are larger Three and Four Bedroom Rentals in Carpenter-Ridgeway?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Carpenter-Ridgeway range from $1,300 to $6,395, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,450 to $2,995. Four Bedroom Single-Family rentals are also available starting from $3,395 and Four Bedroom Apartments start at $1,959.

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 Renting Smart: Lease Basics Every Renter Needs article

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.

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.