
Cheap Apartments for Rent in the Nakoma Neighborhood of Madison, WI from $500 (80 Rentals)
Search the lowest-cost Apartments available for rent right now in the Nakoma area of Madison.


Oak Ridge at University Park Senior Apartments

1026 W Badger Rd, Unit # 4

New Fountains

Chapel Hill Apartments

Avalon Madison Village

3315 Harvey St

3311 Harvey St

409 Eugenia Ave, Unit 409East

The Heights

River Bend Apartments at the Arboretum

Allen House Apartments

University Bay

1728 Regent St

PARK TOWER

The Monticello

Whitney Point

1009 Gilbert Rd

Lamplighter Apartments

Heritage Circle Apartments
Nakoma, Madison, WI Local Guide

How much does it cost to rent an apartment in Nakoma?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Nakoma Studio Apartments | $1,342 | $990 | $3,170 |
Nakoma 1 Bedroom Apartments | $1,603 | $646 | $3,955 |
Nakoma 2 Bedroom Apartments | $1,884 | $770 | $5,140 |
Nakoma 3 Bedroom Apartments | $2,385 | $847 | $5,485 |
Nakoma 4 Bedroom Apartments | $3,400 | $3,000 | $3,800 |
Browse Apartments in this Neighborhood
There are currently 80 rentals with your search options within a 2 mile radius of the Nakoma Neighborhood of Madison, WI.
See all Apartments in MadisonExplore Madison
Nakoma, Madison, WI Local Guide
- Nearby Madison neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Nakoma Apartments for Rent
 The cheapest available apartment rental in the Nakoma area of Madison, WI is a 1 Bed unit found at University Park Commons priced from $646. Oak Ridge at University Park Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $646. Here are the most affordable Nakoma apartments for rent in Madison, WI:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
University Park Commons | L | 1BR,1BA | $646 |
Oak Ridge at University Park Senior Apartments | B-W | 1BR,1BA | $646 |
Schroeder Square Apartments | Studio | Studio,1BA | $950 |
Avalon Madison Village | 1 Bedroom 60% | 1BR,1BA | $1,005 |
Maple Lawn Apartments | 1 Bedroom WD 50% | 1BR,1BA | $1,075 |
The Heights | 1 BED 1 BA – Income Restricted – 50% | 1BR,1BA | $1,092 |
Bristol Arms | Oxford | 1BR,1BA | $1,099 |
1810 Greenway Cross, Fitchburg, WI, 53713 | 1 Bedroom | 1BR,1BA | $1,125 |
Best Value Apartments for Rent in Nakoma, WI
As of April 04, 2025 the best value apartment in the Nakoma area is the $1.33 price per square foot The Juniper Deluxe Model at Preserve West in the in the Sunset Village neighborhood starting from $1,845. The second greatest value Nakoma apartment is the 2917 Todd Dr Model at 2917 Todd Dr, Unit # 2 starting at $1,565 with a $1.39 price per square foot in the Dudgeon-Monroe neighborhood. Here is today’s list of the best values for Nakoma apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Preserve West | The Juniper Deluxe | 3BR,2BA | $1.33 |
2917 Todd Dr, Unit # 2 | 2917 Todd Dr | 2BR,1.5BA | $1.39 |
Haven Park | 2 Bedroom | 2BR,1BA | $1.32 |
Whispering Pines | Panderosa | 2BR,1BA | $1.47 |
Garden Point Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.55 |
1810 Greenway Cross | 1810 Greenway Cross | 2BR,1BA | $1.46 |
Lamplighter Apartments | Newton | 1BR,1BA | $1.49 |
Avalon Madison Village | 1 Bedroom 60% | 1BR,1BA | $1.29 |
1814 Greenway Cross | 1814 Greenway Cross | 1BR,1BA | $1.50 |
1810 Greenway Cross, Fitchburg, WI, 53713 | 1 Bedroom | 1BR,1BA | $1.50 |
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.
Pet Friendly LifestyleNakoma, Madison, WI
Ranked #45
Among neighborhoods in Madison, WI for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Nakoma, Madison, WI
Cherokee Heights Middle
School data provided by Great Schools
Best Local Schools in Nakoma, Madison, WI
Cherokee Heights Middle
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Wisconsin and customized analysis for Southwest Central Madison. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, transit availability, pet-friendly communities, places that make kids happy, and more. Find Lifestyle Search in the filter options (above). Happy Searching!
Getting Around the Nakoma Neighborhood in Madison, WI
Walk Score®
38 / 100
Car-Dependent
Most errands require a car
Bike Score®
62 / 100
Bikeable
Some bike infrastructure
Transit Score®
34 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Nakoma Apartments
What is a cheap apartment in Nakoma?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Nakoma is under $1,125.
What is the price of a cheap apartment in Nakoma?
The cheapest apartment in Nakoma is University Park Commons which is listed at $646, while the average apartment in Nakoma costs $8,220.
What types of apartments are the cheapest in Nakoma?
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 38 regular apartments in Nakoma 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 Nakoma?
Cheap apartments in Nakoma have an average cost of $273 which is $7,947 cheaper than the average rent for all rentals in Nakoma.
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.

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.

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.

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.

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.