Cheap Apartments for Rent in Madison, WI from $400 (824 Rentals) Page 2 of 17

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

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Londonderry Lofts
$1,045 - $1,225
Total Monthly Price

Total Monthly Price

Base Rent
$1,045 - $1,225
Total Monthly Price
$1,045 - $1,225
Studio to 1 Bedroom Apartments Available Jul 1

Londonderry Lofts

2026 Londonderry DrMadison, WI 53704
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

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636 State St
$1,050 - $2,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,050 - $2,700
Total Monthly Price
$1,050 - $2,700
Studio to 3 Bedroom Apartment Available Now

636 State St

636 State StMadison, WI 53703
Affordability
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Vicino Madison
$1,061 - $2,375
Total Monthly Price

Total Monthly Price

Base Rent
$1,061 - $2,375
Total Monthly Price
$1,061 - $2,375
Studio to 2 Bedroom Apartments Available May 1

Vicino Madison

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

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.

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Riverwood Apartments
$1,125 - $1,495
Total Monthly Price

Total Monthly Price

Base Rent
$1,125 - $1,495
Total Monthly Price
$1,125 - $1,495
1 to 2 Bedroom Apartments Available Now

Riverwood Apartments

6417-6431 Bridge RdMadison, WI 53713
Affordability
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  • Customer Reviewed
  • Utilities Included
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Prentice Park
$1,145 - $2,074
Total Monthly Price

Total Monthly Price

Base Rent
$1,145 - $2,074
Total Monthly Price
$1,145 - $2,074
1 to 3 Bedroom Apartments Available May 2

Prentice Park

803 N Thompson DrMadison, WI 53704
Cost Per Sq.Ft.
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  • Customer Reviewed
  • Utilities Included
Showing Results 51-100, Page 2 of 17

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 $800.

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 $3,420.

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 12,187 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 $561 which is $2,859 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 What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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.