
Cheap New Apartments for Rent in Madison, WI from $400 (127 Rentals) Page 2 of 3
Search the lowest-cost Apartments available for rent right now in Madison.


apollo 502

Pine Ridge Apartments No Vacancies

The Madisonian Senior Apartments

Generations at Union Corners

700 UBD Apartments
Madison's Best Affordable Neighborhoods
Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer

Eleven41 Main

Klassik

Limerick
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.

Prairie Creek

Kestrel Apartments

The Wildwood at Main

School House Yards

The McHenry

Artisan Village

Limestone Ridge Apartments

Broadway-Monona, LLC

Taylor Pointe Apartments
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.

Murray Glen Townhomes

The Terraces of Windsor Crossing

Grand Arbor Reserve

Authentix Cottage Grove

One Glenn Place

Parmenter Circle II

Terraces of Windsor Crossing 55+

Catalyst on Main

The Addison

Covered Bridge Residences

The Edge at Conservancy Commons

The Abbey

The Preserve at Prairie Lakes

The TROTTA

Apartments on Main

Pleasant Hill Place

Autumn Ridge

The Residences Apartments at Bear Tree | DeForest Apartments

Conservancy Bend Residences

Heritage Hills Apartments

Van Buren East
Madison, WI Local Guide

How much does it cost to rent an apartment in Madison?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Madison Studio Apartments | $1,465 | $800 | $4,235 |
Madison 1 Bedroom Apartments | $1,733 | $641 | $4,380 |
Madison 2 Bedroom Apartments | $2,124 | $763 | $7,000 |
Madison 3 Bedroom Apartments | $2,512 | $839 | $6,445 |
Madison 4 Bedroom Apartments | $1,582 | $750 | $4,900 |
Madison 5 Bedroom Apartments | $1,668 | $799 | $7,277 |
Explore Madison
Getting Around Madison, WI
Walk Score®
59 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
69 / 100
Bikeable
Some bike infrastructure
Transit Score®
35 / 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 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 $950.
What is the price of a cheap apartment in Madison?
The cheapest apartment in Madison is Klassik which is listed at $656, while the average apartment in Madison costs $2,444.
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 5,061 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 $427 which is $2,017 cheaper than the average rent for all rentals in Madison.
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.

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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.