Cheap New Apartments for Rent in Madison, WI from $400 (202 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
The Point on Washington
Rent Specials
$949 - $1,570
Total Monthly Price

Total Monthly Price

Base Rent
$730 - $1,351
Required Monthly Fees
$219
Total Monthly Price
$949 - $1,570
Built in 2024Studio to 1 Bedroom Apartments Available Now

The Point on Washington

3917 Lien RdMadison, WI 53704
Furnished
  • Verified
  • Utilities Included
  • 3D Tour
close
View Me
Sandburg Studios
Rent Specials
$975 - $1,650
Total Monthly Price

Total Monthly Price

Base Rent
$896 - $1,571
Required Monthly Fees
$79
Total Monthly Price
$975 - $1,650
Built in 2025Studio Apartments Available Now

Sandburg Studios

4757 Hayes RdMadison, WI 53704
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included
close
View Me
Vivo Living Madison
Rent Specials
$995 - $1,025
Total Monthly Price

Total Monthly Price

Base Rent
$835 - $865
Required Monthly Fees
$160
Total Monthly Price
$995 - $1,025
Built in 2024Studio Apartments Available Now

Vivo Living Madison

521 Grand Canyon DrMadison, WI 53719
Affordability
  • Verified
  • 3D Tour

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.

Read Article
close
View Me
Vicino Madison
$1,061 - $2,997
Total Monthly Price

Total Monthly Price

Base Rent
$1,061 - $2,997
Total Monthly Price
$1,061 - $2,997
Built in 2026Studio to 2 Bedroom Apartments Available May 1

Vicino Madison

1235 Regent StMadison, WI 53715
Pet Friendly
  • Verified
  • Utilities Included
  • Low Income

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.

Read Article
close
View Me
The View at Huxley Yards
$1,149 - $2,490
Total Monthly Price

Total Monthly Price

Base Rent
$1,134 - $2,475
Required Monthly Fees
$15
Total Monthly Price
$1,149 - $2,490
Built in 20261 to 4 Bedroom Apartments Available Now

The View at Huxley Yards

905 Huxley StMadison, WI 53704
Luxury
  • Verified
  • Low Income
  • Smoke Free
close
View Me
Carbon at Union Corners
$1,199 - $1,811
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $1,811
Total Monthly Price
$1,199 - $1,811
Built in 20172 to 3 Bedroom Apartments Available Now

Carbon at Union Corners

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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
close
View Me
PACKTENN
Rent Specials
$1,275 - $1,475
Total Monthly Price

Total Monthly Price

Base Rent
$1,275 - $1,475
Total Monthly Price
$1,275 - $1,475
Built in 2020Studio to 1 Bedroom Apartments Available Apr 1

PACKTENN

2024 Tennyson LnMadison, WI 53704
Pet Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included

Madison's Best Affordable Neighborhoods

Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer

Read Article
close
View Me
Nexus at Union Corners
$1,370 - $3,285
Total Monthly Price

Total Monthly Price

Base Rent
$1,345 - $3,260
Required Monthly Fees
$25
Total Monthly Price
$1,370 - $3,285
Built in 2022Studio to 3 Bedroom Apartments Available Apr 2

Nexus at Union Corners

2521 East Washington AveMadison, WI 53704
Transit Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

Read Article
Showing Results 1-50, Page 1 of 5

Madison, WI Local Guide

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

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.

Read Article
Decorative image

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

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

Explore Madison, WI Rentals by Map

Decorative image of map

See the most popular apartments and homes in Madison, WI

View Map
Madison, WI Apartments Map
View Map
Madison, WI Rental Homes Map

Frequently Asked Questions about Cheap Madison Apartments

What is a cheap apartment in Madison?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Madison is under $895.

What is the price of a cheap apartment in Madison?

The cheapest apartment in Madison is Village on Main which is listed at $623, while the average apartment in Madison costs $2,945.

What types of apartments are the cheapest in Madison?

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 8,150 regular apartments in Madison 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 Madison?

Cheap apartments in Madison have an average cost of $562 which is $2,383 cheaper than the average rent for all rentals in Madison.

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.

Articles, How-To's, and Tips

decorative image for Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Madison article

Experts 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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.