Cheap Apartments for Rent in Madison, WI from $400 (855 Rentals)

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Search the lowest-cost Apartments available for rent right now in Madison.

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1914 Monroe St, Unit 201
$590
Total Monthly Price

Total Monthly Price

Base Rent
$590
Total Monthly Price
$590
1 Bedroom Apartment Available Aug 15

1914 Monroe St, Unit 201

1914 Monroe StMadison, WI 53711
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The Post
Rent Specials
$759 - $1,950
Total Monthly Price

Total Monthly Price

Base Rent
$759 - $1,950
Total Monthly Price
$759 - $1,950
Studio to 1 Bedroom Apartments Available Now

The Post

131 E Lakeside StMadison, WI 53715
Affordability
  • Verified
  • Utilities Included
  • 3D Tour
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Carbon
$771 - $1,943
Total Monthly Price

Total Monthly Price

Base Rent
$771 - $1,943
Total Monthly Price
$771 - $1,943
1 to 3 Bedroom Apartments Available Now

Carbon

2418 Winnebago StMadison, WI 53704
Pet Friendly
  • Verified
  • Utilities Included
  • Low Income

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Freedom Park Apartments
Rent Specials
$925 - $1,350
Total Monthly Price

Total Monthly Price

Base Rent
$925 - $1,350
Total Monthly Price
$925 - $1,350
1 to 2 Bedroom Apartments Available Aug 15

Freedom Park Apartments

3802 Lien RdMadison, WI 53704
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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636 State St
$1,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000
Studio Apartment Available Now

636 State St

636 State StMadison, WI 53703
Affordability
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Finding Your Place in Madison: Neighborhoods Close to the City’s Biggest Jobs

Finding the right Madison apartment near work is easy. Browse our guide to the best neighborhoods for professionals, from State-Langdon to Bay Creek.

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Showing Results 1-50, Page 1 of 18

Madison, WI Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Madison, WI

Pricing Updated: 07/16/2026

Current apartment rentals in the Madison, WI area range in price from $699 to $11,000 with an overall median price of $4,409. The three Madison neighborhoods with the lowest median rent pricing are Glendale at $1,950, Greenbush at $699, and Brentwood Village at $1,100. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Madison Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Glendale$1,950$1,9501
Greenbush$2,050$6991
Brentwood Village$2,200$1,1007
Glen Oaks$2,200$77532
Capitol$2,250$6994
First Settlement$2,250$1,4504
State-Langdon$2,250$6992
Miffland$2,375$6992
Pflaum Road$2,400$1,1003
Lake Edge$2,425$1,1004

Cheapest Available Madison Apartments for Rent

 

The cheapest available apartment rental in Madison, WI is a 1 Bed unit found at The Landing at 818 in the Liberty Square neighborhood priced from $612. The Canyons in the Far West Side neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $641. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Landing at 8181 Bedroom A1BR,1BA$612
The CanyonsOne Bedroom Income Restricted-StyleB1BR,1BA$641
Ellis Potter1 bedroom 55+ - 30% CMI1BR,1BA$644
45 N Orchard St0x1-200Studio,1BA$750
The PostOne Bedroom1BR,1BA$759
The Conway at Huxley YardsOne Bedroom/One Bath "D"1BR,1BA$761
The ShieldA21BR,1BA$842
8Twenty Park1 Bed- 50%1BR,1BA$867
Freedom Ring Apartments736 - 1 Bed / 1 Bath1BR,1BA$875
Glen Grove3x23BR,2BA$887

Best Value Apartments for Rent in Madison, WI

As of July 16, 2026 the best value apartment in the Madison area is the $1.01 price per square foot Redspire Model at 6820-6850 Redspire Ln in the in the Lake Windsor neighborhood starting from $2,228. The second greatest value Madison apartment is the 121 Woodview Dr Model at 121 Woodview Dr starting at $1,995 with a $1.00 price per square foot in the Outer Sun Prairie neighborhood. Here is today’s list of the best values for Madison apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
6820-6850 Redspire LnRedspire3BR,2.5BA$1.01
121 Woodview Dr121 Woodview Dr3BR,4BA$1.00
Preserve WestThe Elm3BR,2BA$1.19
Guilford Apartments3LG3BR,1.5BA$1.20
Broadway Lofts and Townhomes3x2.5TH3BR,2.5BA$1.13
Chapter at Madison4BR/3BA - D14BR,3BA$0.81
Rolling PrairieThree Bedroom3BR,1BA$1.14
Varsity Campus Apartments4-Bedroom, 2-Bath4BR,2BA$1.18
The Life at Madison Grove2 BED 1 BATH2BR,1BA$1.18
The ShieldA21BR,1BA$1.18

Lakeshore to Lecture Hall: Finding Your Perfect Student Apartment in Madison, WI

Discover the best student housing neighborhoods for renting in Madison, Wisconsin! This guide covers apartments near the University of Wisconsin-Madison, Edgewood University, Herzing University, and Madison Area Technical College, detailing locations like Regent, Shorewood Hills, Dudgeon-Monroe, and more for your perfect college home.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Madison Overview

It is hard to find a more All-American city than Madison, beautifully situated on an isthmus between Lake Mendota and Lake Monona. Madison is the second largest city in Wisconsin, behind Milwaukee, and is the state capital as well as home of the well-respected University of Wisconsin-Madison. Madison is clean and well-laid out with a low unemployment rate and low crime rate that makes it a great place to live and work for both families and young professionals. From farmers markets to festivals to sports to arts and recreation Madison offers something for everybody to enjoy. More than half a million people live in homes and apartments in Madison and the surrounding metro area.

Why live in Madison, WI?

"In Madison you get the best of two worlds with the city the center of Wisconsin state politics and also the benefits of living in a ""college town"". Both the state government and the University of Wisconsin-Madison provide good job opportunities to residents. Madison has one of the highest concentrations of college grads in the country making it a ""smart city"" to live in. Madison promotes a healthy lifestyle with year-round recreation activities from ice skating and cross-country skiing in the winter to boating and hiking in the summer. Madison is home to a vibrant music and performing arts scene. No matter what you like to do for fun and adventure, Madison apartments make an excellent place to call home!"

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Madison Apartments

What is the Cheapest Studio apartment in Madison?

Currently the most affordable Cheap Studio Apartment in Madison is at 45 N Orchard St listed at $750.

How much is rent for a Cheap One Bedroom Madison Apartment?

The lowest price for a Cheap One Bedroom Madison Apartment is $612 at The Landing at 818.

What is the lowest price for a Cheap Two Bedroom Madison Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Madison is starting from $732 at The Landing at 818.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at Glen Grove and starts from $887.

Expert Rental Resources

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.

Helpful Local Expert Guides

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The Expert's Guide To 10 Budget-Friendly Neighborhoods to Rent in Madison

Written by: Mike Heuer

I’m Mike, your ApartmentHomeLiving.com local expert for Madison, Wisconsin. I lived and worked in Madison for several years before career opportunities took me elsewhere.

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Lakeshore to Lecture Hall: Finding Your Perfect Student Apartment in Madison, WI

Written by: Mike Heuer

I am Mike, your guide to student housing in the Greater Madison, Wisconsin, area. Madison is a terrific city that also is the Capital of Wisconsin.

decorative image for An Insider's Guide to 6 Reasons Why Locals Love Renting in Madison, Wisconsin article

An Insider's Guide to 6 Reasons Why Locals Love Renting in Madison, Wisconsin

Written by: Mike Heuer

Madison is Wisconsin’s capital city and its second-largest city, with a population of more than 260,000.

decorative image for Finding Your Place in Madison: Neighborhoods Close to the Citys Biggest Jobs article

Finding Your Place in Madison: Neighborhoods Close to the Citys Biggest Jobs

Written by: Mike Heuer

Madison, Wisconsin, is three communities in one. It is a college town that is home to the flagship university in the University of Wisconsin system.

Articles, How-To's, and Tips

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.