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Cheap Apartments for Rent in the Lake Edge Neighborhood of Madison, WI from $600 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Edge area of Madison.
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Rent Specials
from $1,1001 to 3 Bedroom Apartments Available Now
Glendale Townhomes
2520 S Stoughton RdMadison, WI 53716
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from $1,1001 to 3 Bedroom Apartments Contact Us For Availability
The Ace Apartments
4602 Cottage Grove RdMadison, WI 53714
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Rent Specials
from $1,2051 to 2 Bedroom Apartments Available Now
The Meadows
401 N Thompson DrMadison, WI 53714
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from $1,2872 to 3 Bedroom Apartments Available Now
Carbon at Union Corners
2418 Winnebago StMadison, WI 53704
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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Rent Specials
from $1,295Studio to 2 Bedroom Apartments Available Now
Garver Point
171 S Fair OaksMadison, WI 53704
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from $1,3002 Bedroom Apartments Available Now
Monona Shores Apartments
2 Waunona Woods CtMadison, WI 53713
2106 Lake Point Dr
MadisonWI53713
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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from $975Studio to 2 Bedroom Apartments Available Now
Pirate Island Apartments
706 Pirate Island RdMonona, WI 53716
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from $1,0451 Bedroom Apartments Available Now
Executive East Apartments
101 Femrite DrMonona, WI 53716
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250 Femrite Dr
MononaWI53716
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Rent Specials
from $1,2951 to 2 Bedroom Apartments Available Now
Monona Lakeview
3819 Monona DrMonona, WI 53714
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from $1,2951 to 2 Bedroom Apartments Available Now
Heritage Monona Senior Apartments
211 Owen RdMonona, WI 53716
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from $1,2951 to 2 Bedroom Apartments Available May 30
Broadway Lofts & Townhomes
1216 E BroadwayMonona, WI 53713
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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Showing Results 1-29, Page 1 of 1
Lake Edge, Madison, WI Local Guide
How much does it cost to rent an apartment in Lake Edge?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Edge Studio Apartments | $1,387 | $875 | $1,705 |
| Lake Edge 1 Bedroom Apartments | $1,707 | $1,015 | $2,455 |
| Lake Edge 2 Bedroom Apartments | $2,033 | $1,250 | $3,695 |
| Lake Edge 3 Bedroom Apartments | $2,485 | $1,470 | $3,560 |
Browse Apartments in this Neighborhood
There are currently 29 rentals with your search options within a 2 mile radius of the Lake Edge Neighborhood of Madison, WI.
See all Apartments in MadisonExplore Madison
Lake Edge, Madison, WI Local Guide
- Nearby Madison neighborhoods
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Cheapest Available Lake Edge Apartments for Rent
The cheapest available apartment rental in the Lake Edge area of Madison, WI is a 1 Bed unit found at The Life at Madison Grove priced from $925. Pirate Island Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $975. Here are the most affordable Lake Edge apartments for rent in Madison, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Life at Madison Grove | 1 BED 1 BATH | 1BR,1BA | $925 |
| Pirate Island Apartments | Studio | Studio,1BA | $975 |
| Colonial Apartments | 1 Br | 1BR,1BA | $1,015 |
| Executive East Apartments | 1 Bedroom/1 Bathroom | 1BR,1BA | $1,045 |
| Mardelle Apartments | 1 Bdrm. | 1BR,1BA | $1,075 |
| Lake Point Terrace | Reef | 1BR,1BA | $1,146 |
| The Meadows | 1b/1b-r | 1BR,1BA | $1,205 |
| Carbon at Union Corners | 2x1 Income Restricted | 2BR,2BA | $1,287 |
| Monona Lakeview | Surf and Sand 1-Bed | 1BR,1BA | $1,295 |
| Heritage Monona Senior Apartments | One-Bedroom (Income Restricted) | 1BR,1BA | $1,295 |
Best Value Apartments for Rent in Lake Edge, WI
As of May 13, 2025 the best value apartment in the Lake Edge area is the $1.20 price per square foot 2B/2Bath Model at Glendale Townhomes in the in the Pflaum Road neighborhood starting from $1,795. The second greatest value Lake Edge apartment is the 3x2 Income restricted Model at Carbon at Union Corners starting at $1,811 with a $1.41 price per square foot in the Near East Side neighborhood. Here is today’s list of the best values for Lake Edge apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Glendale Townhomes | 2B/2Bath | 2BR,1.5BA | $1.20 |
| Carbon at Union Corners | 3x2 Income restricted | 3BR,2BA | $1.41 |
| Hercules Trail | C | 2BR,2BA | $1.53 |
| Stonewood Village | sv2brup | 2BR,1BA | $1.54 |
| Apartments of Riverwood, LLC | 2 Bedroom 1 Bath | 2BR,1BA | $1.44 |
| Executive East Apartments | 1 Bedroom/1 Bathroom | 1BR,1BA | $1.16 |
| Monona Shores Apartments | 2BR/1BA | 2BR,1BA | $1.46 |
| Mardelle Apartments | 1 Bdrm. | 1BR,1BA | $1.26 |
| Colonial Apartments | 1 Br | 1BR,1BA | $1.27 |
| The Life at Madison Grove | 1 BED 1 BATH | 1BR,1BA | $1.32 |
Quick Rent Budget Calculator
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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.
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Pet Friendly LifestyleLake Edge, Madison, WI
Ranked #38
Among neighborhoods in Madison, WI for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Lake Edge, Madison, WI
School data provided by Great Schools
Lifestyle Ratings
Our team of engineers and researchers works hard to bring you Lifestyle Ratings of rentals in cities across the United States, including Madison. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, transit availability, pet-friendly communities, features that make it easier to raise kids, and much more. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Lake Edge Apartments
What is a cheap apartment in Lake Edge?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Edge is under $1,295.
What is the price of a cheap apartment in Lake Edge?
The cheapest apartment in Lake Edge is The Life at Madison Grove which is listed at $925, while the average apartment in Lake Edge costs $2,277.
What types of apartments are the cheapest in Lake Edge?
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 10 regular apartments in Lake Edge 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 Lake Edge?
Cheap apartments in Lake Edge have an average cost of $205 which is $2,072 cheaper than the average rent for all rentals in Lake Edge.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.