Cheap Apartments for Rent in the Lake Edge Neighborhood of Madison, WI from $600 (32 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lake Edge 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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Eastpointe
3 Bedroom Apartments

Eastpointe

309 Clyde Gallagher AveMadison, WI 53714
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The André Apartments
1 to 3 Bedroom Apartments

The André Apartments

2350 Winnebago StMadison, WI 53704
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Lake Point Terrace
Studio to 2 Bedroom Apartments

Lake Point Terrace

1674 Lake Point DrMadison, WI 53713
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600 Femrite Dr
1 Bedroom Apartments

600 Femrite Dr

600 Femrite DrMonona, WI 53716
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Monona Lakeview
1 to 2 Bedroom Apartments

Monona Lakeview

3819 Monona DrMonona, WI 53714
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Showing Results 1-32, Page 1 of 1

Lake Edge, Madison, WI Local Guide

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 View priced from $145. 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 Lake Edge apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
The ViewB11BR,1BA$145
The Life at Madison Grove1 BED 1 BATH1BR,1BA$925
Pirate Island ApartmentsStudioStudio,1BA$975
Colonial Apartments1 Br1BR,1BA$1,015
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1,045
The Grove ApartmentsIncome Restricted - One-Bed - 50%1BR,1BA$1,097
Mardelle ApartmentsOne Bedroom1BR,1BA$1,100
Lake Point TerraceReef1BR,1BA$1,146
The Meadows Apartments1b/1b-r1BR,1BA$1,155
InfinityG1BR,1BA$1,255

Best Value Apartments for Rent in Lake Edge, WI

As of April 17, 2025 the best value apartment in the Lake Edge area is the $1.55 price per square foot G Model at Hercules Trail in the in the East Side neighborhood starting from $2,250. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Hercules TrailG3BR,2BA$1.55
Carbon at Union Corners3x2 Income restricted3BR,2BA$1.41
Broadway Lofts & Townhomes2 Bd, 2 ba Apt2BR,2BA$1.45
Stonewood Villagesv2brup2BR,1BA$1.43
Apartments of Riverwood, LLC2 Bedroom 1 Bath2BR,1BA$1.44
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1.16
Mardelle ApartmentsOne Bedroom1BR,1BA$1.22
Monona Shores Apartments2BR/1BA2BR,1BA$1.46
Colonial Apartments1 Br1BR,1BA$1.27
The Life at Madison Grove1 BED 1 BATH1BR,1BA$1.32

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Pet Friendly Lifestyle
Lake Edge, Madison, WI

Ranked #33

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
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 $1,255.

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 $2,300.

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 11 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 $218 which is $2,082 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.

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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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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.

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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.