
Cheap Apartments for Rent in the Nakoma Neighborhood of Madison, WI from $500 (79 Rentals)
Search the lowest-cost Apartments available for rent right now in the Nakoma area of Madison.


Oak Ridge at University Park Senior Apartments

New Fountains

Allen House Apartments

Chapel Hill Apartments

Avalon Madison Village

3315 Harvey St

3311 Harvey St

409 N Midvale Blvd

409 Eugenia Ave, Unit 409East

River Bend Apartments at the Arboretum

University Bay

College Station

1728 Regent St

PARK TOWER

1009 Gilbert Rd

5022 Sheboygan - Postweiler

Lamplighter Apartments

Heritage Circle Apartments

Casa Blanca 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 | $1,322 | $990 | $2,715 |
Nakoma 1 Bedroom Apartments | $1,561 | $646 | $4,065 |
Nakoma 2 Bedroom Apartments | $1,874 | $770 | $5,085 |
Nakoma 3 Bedroom Apartments | $2,486 | $847 | $3,825 |
Nakoma 4 Bedroom Apartments | $3,811 | $3,000 | $4,695 |
Browse Apartments in this Neighborhood
There are currently 79 rentals with your search options within a 2 mile radius of the Nakoma Neighborhood of Madison, WI.
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Nakoma, Madison, WI Local Guide
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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. Avalon Madison Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,005. 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 |
Avalon Madison Village | 1 Bedroom 60% | 1BR,1BA | $1,005 |
Maple Lawn Apartments | 1 Bedroom WD 50% | 1BR,1BA | $1,075 |
Bristol Arms | Oxford | 1BR,1BA | $1,121 |
New Fountains | The Buckingham | 1BR,1BA | $1,125 |
ReNew High Ridge | Isthmus | 1BR,1BA | $1,125 |
1810 Greenway Cross, Fitchburg, WI, 53713 | 1 Bedroom | 1BR,1BA | $1,125 |
Belmar Apartment Homes | 1x1 | 1BR,1BA | $1,149 |
Best Value Apartments for Rent in Nakoma, WI
As of March 21, 2025 the best value apartment in the Nakoma area is the $1.56 price per square foot 2 BEDROOM LARGE MARKET Model at Brookstone Townhomes in the in the Dudgeon-Monroe neighborhood starting from $1,750. The second greatest value Nakoma apartment is the 2 Bedroom Model at Haven Park starting at $1,299 with a $1.32 price per square foot in the Outer Verona 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. |
---|---|---|---|
Brookstone Townhomes | 2 BEDROOM LARGE MARKET | 2BR,1.5BA | $1.56 |
Haven Park | 2 Bedroom | 2BR,1BA | $1.32 |
Whispering Pines | Panderosa | 2BR,1BA | $1.47 |
501 N. Whitney Way Madison, WI | 2BR/1.0BA | 2BR,1BA | $1.36 |
Lamplighter Apartments | Newton | 1BR,1BA | $1.49 |
Avalon Madison Village | 1 Bedroom 60% | 1BR,1BA | $1.29 |
ReNew at the Greens | Niklaus | 1BR,1BA | $1.53 |
1810 Greenway Cross, Fitchburg, WI, 53713 | 1 Bedroom | 1BR,1BA | $1.50 |
1814 Greenway Cross | 1814 Greenway Cross | 1BR,1BA | $1.50 |
New Fountains | The Buckingham | 1BR,1BA | $1.56 |
Quick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleNakoma, 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 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 $1,149.
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 647 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 $263 which is $7,957 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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.