Cheap Homes for Rent in South Madison Neighborhood of Madison, WI from $1,300 (6 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in the South Madison area of Madison.

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.

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.

property at 622 Cedar St

622 Cedar St

MadisonWI53715

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.

South Madison, Madison, WI Local Guide

Cheapest Available South Madison Apartments for Rent

 

The cheapest available apartment rental in the South Madison area of Madison, WI is a Studio unit found at Seven Oaks Apartments priced from $950. Pirate Island Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $975. Here are the most affordable South Madison apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Seven Oaks ApartmentsstudioStudio,1BA$950
Pirate Island ApartmentsStudioStudio,1BA$975
Pheasant RidgeA1W/D1BR,1BA$1,000

Best Value Apartments for Rent in South Madison, WI

As of May 12, 2025 the best value apartment in the South Madison area is the $1.40 price per square foot B6 Model at Yahara Terrace in the in the Pflaum Road neighborhood starting from $2,300. The second greatest value South Madison apartment is the Two Bedroom, One Bath Model at Park Cedar Apartments starting at $1,595 with a $1.47 price per square foot in the Downtown Madison neighborhood. Here is today’s list of the best values for South Madison apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Yahara TerraceB62BR,3BA$1.40
Park Cedar ApartmentsTwo Bedroom, One Bath2BR,1BA$1.47
Capitol View Apartments3 Bed 1.5 Bath3BR,1.5BA$1.48
Apartments of Riverwood, LLC2 Bedroom 1 Bath2BR,1BA$1.44
Bristol ArmsDerby1BR,1BA$1.25
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1.16
Monona Shores Apartments2BR/1BA2BR,1BA$1.46
201 Deer Valley Rd, Unit 2201 Deer Valley Rd1BR,1BA$1.24
Colonial Apartments1 Br1BR,1BA$1.27
Avalon Madison Village1 Bedroom 60%1BR,1BA$1.29

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about South Madison

What type of rentals are currently available in South Madison?

There are currently 151 Apartments for Rent in South Madison, WI with pricing that ranges from $890 to $3,200. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Madison ranging from $1,395 to $4,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Madison ranges from $1,395 to $4,000 with an average monthly rent of $2,100.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in South Madison range from $1,450 to $3,095, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,650 and Four Bedroom Apartments start at $2,700.

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

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.