Cheap Apartments for Rent in the Carpenter-Ridgeway Neighborhood of Madison, WI from $600 (108 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Carpenter-Ridgeway area of Madison.

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

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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.

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Madison's Best Affordable Neighborhoods

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Carpenter-Ridgeway, Madison, WI Local Guide

Cheapest Available Carpenter-Ridgeway Apartments for Rent

 

The cheapest available apartment rental in the Carpenter-Ridgeway area of Madison, WI is a 2 Beds unit found at Eagle Harbor priced from $686. Nature Valley Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable Carpenter-Ridgeway apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Eagle Harbor2 Bedroom 1 Bathroom2BR,1BA$686
Nature Valley ApartmentsStudioStudio,1BA$895
PMM + MS2406 Brentwood Pkwy2BR,1BA$900
The Point on WashingtonStandard StudioStudio,1BA$949
The Life at Madison Grove2 BED 1 BATH2BR,1BA$1,000
Rivers Edge ApartmentsBirchStudio,1BA$1,015
Northshore EstatesOne Bedroom1BR,1BA$1,025
Londonderry LoftsSTUDIOStudio,1BA$1,045
Madison Mayfair Apartments1 Bedroom1BR,1BA$1,050
Freedom Park Apartments1709 - 1 Bedroom1BR,1BA$1,050

Best Value Apartments for Rent in Carpenter-Ridgeway, WI

As of January 11, 2026 the best value apartment in the Carpenter-Ridgeway area is the $1.52 price per square foot 805 Brandie Rd Model at 805 Brandie Rd, Unit #805 in the in the East Side neighborhood starting from $2,250. The second greatest value Carpenter-Ridgeway apartment is the 3x2 Income restricted Model at Carbon at Union Corners starting at $1,811 with a $1.41 price per square foot in the Near East Side neighborhood. Here is today’s list of the best values for Carpenter-Ridgeway apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
805 Brandie Rd, Unit #805805 Brandie Rd4BR,2BA$1.52
Carbon at Union Corners3x2 Income restricted3BR,2BA$1.41
Timber Bluff2 BED / 2 BATH2BR,2BA$1.30
The Andre Apartments2x22BR,2BA$1.54
4402 Dwight Dr, Unit A4402 Dwight Dr2BR,1BA$1.51
2149 E Washington Ave, Unit #12149 E Washington Ave2BR,1BA$1.55
914-16 N Oak St2Bedroom2BR,1BA$1.33
PMM + MS10 Sherman Terr1BR,1BA$1.12
View Pointe1 BR/ 1 BA1BR,1BA$1.49
Eagle Harbor1 Bedroom 1 Bathroom1BR,1BA$1.50

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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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.

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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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Quick Rent Budget Calculator

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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.

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Pet Friendly Lifestyle
Carpenter-Ridgeway, Madison, WI

Ranked #9

Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Carpenter-Ridgeway, Madison, WI

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in areas across the United States including Carpenter-Ridgeway, Madison, and the greater Madison area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Carpenter-Ridgeway Apartments

What is a cheap apartment in Carpenter-Ridgeway?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Carpenter-Ridgeway is under $1,050.

What is the price of a cheap apartment in Carpenter-Ridgeway?

The cheapest apartment in Carpenter-Ridgeway is PMM + MS which is listed at $950, while the average apartment in Carpenter-Ridgeway costs $3,600.

What types of apartments are the cheapest in Carpenter-Ridgeway?

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 68 regular apartments in Carpenter-Ridgeway 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 Carpenter-Ridgeway?

Cheap apartments in Carpenter-Ridgeway have an average cost of $533 which is $3,067 cheaper than the average rent for all rentals in Carpenter-Ridgeway.

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

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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.

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.