
Cheap New Apartments for Rent in Madison, WI from $400 (204 Rentals) Page 4 of 5
Search the lowest-cost Apartments available for rent right now in Madison.


Latitude 43

Van Buren West

Total Monthly Price
The TROTTA

The Edison

Total Monthly Price
Heritage Hills Apartments

Elan

Total Monthly Price
The Wildwood at Main

Total Monthly Price
The Edge at Terravessa

Talon

Bloom Monona Apartments

Total Monthly Price
The Crest Luxury Apartments

The Addison

Middleton Center

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Central Park Place

Conservancy Pointe

Conservancy Bend Residences

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Timber Valley Apartments

Irish Fields

The Masters Residences

Market West Apartments

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The Juniper

Meadow Ridge Middleton

The Preserve at Prairie Lakes

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The Residences at Jamestown Quarry

Two Points Crossing

Current 1 & 2

Total Monthly Price
The Edge at Cottage Grove Commons

The Laurel at Kilkenny

Total Monthly Price
The Outlook Apartments

Covered Bridge Residences

The West Edge

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The Foundry - Luxury Living Forged at Greenway Station

Total Monthly Price
Lincoln Street Apartments

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Homestead Luxury Apartments

Apex at Verona

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Cariad

Total Monthly Price
The Aviary at Middleton Market

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Lamphouse Apartments

The Landing at 818

Glen Grove

Prairie Trail Residences

Falcon Apartments

Farwell Place

The Atwater

Besa Monona

The Arlo

Village on Main

Raven

Tralee
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 | $1,483 | $715 | $2,890 |
| Madison 1 Bedroom Apartments | $1,706 | $641 | $3,750 |
| Madison 2 Bedroom Apartments | $2,107 | $763 | $8,070 |
| Madison 3 Bedroom Apartments | $2,529 | $866 | $10,000+ |
| Madison 4 Bedroom Apartments | $2,110 | $969 | $6,700 |
| Madison 5 Bedroom Apartments | $2,357 | $941 | $7,250 |
Explore Madison
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 $925.
What is the price of a cheap apartment in Madison?
The cheapest apartment in Madison is The Landing at 818 which is listed at $612, while the average apartment in Madison costs $3,013.
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 11,900 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 $601 which is $2,412 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.
Helpful Local Expert Guides

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.

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.

An Insiders 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.
Articles, How-To's, and Tips

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.