Cheap Homes for Rent in Madison, WI from $600 (25 Rentals)

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property at 4603 Martha Ln

4603 Martha Ln

MadisonWI53714
property at 7106 Fortune Dr

7106 Fortune Dr

MiddletonWI53562
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Madison, WI Local Guide

Cheapest Neighborhoods for Apartments in Madison, WI

Pricing Updated: 04/13/2025

Current apartment rentals in the Madison, WI area range in price from $549 to $10,000 with an overall median price of $3,490. The three Madison neighborhoods with the lowest median rent pricing are North Lake Mendota at $975, West Side at $646, and Orchard Ridge at $625. 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$1,650$97529
West Side$1,795$646177
Orchard Ridge$1,800$625195
South Madison$1,850$890145
Shorecrest$1,889$1,02062
Meadowood$1,900$625252
Eastmorland$1,911$950161
East Side$1,911$99998
Gateway Dane$1,925$1,08795
Hawthorne$1,949$875279

Cheapest Available Madison Apartments for Rent

 

The cheapest available apartment rental in Madison, WI is a 1 Bed unit found at The Canyons in the Glen Oak Hills neighborhood priced from $625. University Park Commons in the West Side neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $646. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The CanyonsOne Bedroom Income Restricted-StyleB1BR,1BA$625
University Park CommonsL1BR,1BA$646
Prairie Creek1x1 Senior Apartment1BR,1BA$656
Hub on Campus Madison3X5D33BR,3BA$730
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$750

Best Value Apartments for Rent in Madison, WI

As of April 13, 2025 the best value apartment in the Madison area is the $1.20 price per square foot Parkland Model at Prentice Park in the in the East Side neighborhood starting from $1,499. The second greatest value Madison apartment is the Bedroom A,B,C,D (Individual) Model at Pres House Apartments starting at $750 with a $0.64 price per square foot in the Downtown Madison 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.
Prentice ParkParkland2BR,2BA$1.20
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$0.64
The Element on MainThree Bedroom3BR,1BA$0.99
Northern BluffsSandstone3BR,1BA$1.16
The Limerick Townhomes & Senior ApartmentsApartments 55+ 2bd/2bth-D2BR,2BA$0.76
Kestrel Apartments1x11BR,1BA$1.19
Mardelle ApartmentsOne Bedroom1BR,1BA$1.22
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1.16
Freedom Park1 Bed/ 1 Bath1BR,1BA$1.19
Prairie Creek1x1 Senior Apartment1BR,1BA$0.88

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Frequently Asked Questions about Madison

What type of rentals are currently available in Madison?

There are currently 1683 Apartments for Rent in Madison, WI with pricing that ranges from $565 to $8,220. There are also 158 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $600 to $8,000.

What is the current price range for Rental Homes in Madison?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Madison ranges from $600 to $8,000 with an average monthly rent of $2,508.

How much are larger Three and Four Bedroom Rentals in Madison?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Madison range from $730 to $6,395, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,450 to $8,000. Four Bedroom Single-Family rentals are also available starting from $2,395 and Four Bedroom Apartments start at $750.

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.

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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.