
Cheap Apartments for Rent in the Carpenter-Ridgeway Neighborhood of Madison, WI from $600 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in the Carpenter-Ridgeway area of Madison.


Nature Valley Apartments

1121 Mac Arthur Rd

1109 Mac Arthur Rd

Londonderry Lofts

The Point on Washington

Madison Mayfair Apartments

Eagle Harbor

1617 Troy Dr
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.

Hooker Avenue Apartments

The Ace Apartments

Elka Lane Apartments

Freedom Park

3814 Orin Rd

1705 Onsgard Rd

Cedar Ridge

The Oscar Family Apartments
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.

The Grove Apartments

Northshore Estates

The Oscar Senior Apartments

2726 Union St

Ridgeview Heights Apartments
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.
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.
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.

Monona Lakeview
Carpenter-Ridgeway, Madison, WI Local Guide

How much does it cost to rent an apartment in Carpenter-Ridgeway?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Carpenter-Ridgeway Studio Apartments | $1,422 | $925 | $1,958 |
Carpenter-Ridgeway 1 Bedroom Apartments | $1,593 | $925 | $2,675 |
Carpenter-Ridgeway 2 Bedroom Apartments | $1,904 | $1,050 | $3,725 |
Carpenter-Ridgeway 3 Bedroom Apartments | $2,362 | $1,300 | $4,601 |
Browse Apartments in this Neighborhood
There are currently 45 rentals with your search options within a 2 mile radius of the Carpenter-Ridgeway Neighborhood of Madison, WI.
See all Apartments in MadisonExplore Madison
Carpenter-Ridgeway, Madison, WI Local Guide
- Nearby Madison neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Carpenter-Ridgeway Apartments for Rent
 The cheapest available apartment rental in the Carpenter-Ridgeway area of Madison, WI is a 1 Bed unit found at Rise-Madison priced from $639. Nature Valley Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here are the most affordable Carpenter-Ridgeway apartments for rent in Madison, WI:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Rise-Madison | 1 Bed / 1 Bath | 1BR,1BA | $639 |
Nature Valley Apartments | Studio | Studio,1BA | $925 |
The Point on Washington | Standard Studio | Studio,1BA | $999 |
Madison Mayfair Apartments | 1 Bedroom | 1BR,1BA | $1,000 |
The Life at Madison Grove | 2 BED 1 BATH | 2BR,1BA | $1,000 |
Eagle Harbor | 1 Bedroom 2 1 Bathroom | 1BR,1BA | $1,028 |
Hooker Avenue Apartments | Studio | Studio,1BA | $1,075 |
Freedom Park | 1 Bed/ 1 Bath | 1BR,1BA | $1,100 |
The Oscar Family Apartments | Income Restricted - One Bedroom 60% | 1BR,1BA | $1,130 |
Monona Lakeview | Imperial Studio | Studio,1BA | $1,150 |
Best Value Apartments for Rent in Carpenter-Ridgeway, WI
As of September 15, 2025 the best value apartment in the Carpenter-Ridgeway area is the $1.21 price per square foot 1203-2 Model at Woods Edge Townhomes in the in the Near East Side neighborhood starting from $1,749. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Woods Edge Townhomes | 1203-2 | 3BR,1.5BA | $1.21 |
Carbon at Union Corners | 3x2 Income restricted | 3BR,2BA | $1.41 |
10-63 Sinykin Cir | Thompson 2nd Floor | 2BR,2BA | $1.40 |
Rise-Madison | 2 Bed / 2 Bath | 2BR,2BA | $1.18 |
Timber Bluff | 2 BED / 2 BATH | 2BR,2BA | $1.43 |
3322 Ridgeway Ave, Unit #1 | 3322 Ridgeway Ave | 2BR,1BA | $1.29 |
Pinney Lane | A4 Floor Plan (60LMI Income Restricted) | 2BR,2BA | $1.46 |
Ridgewood Trails | 2BR/2.0BA | 2BR,2BA | $1.33 |
View Pointe | 2 BR/ 2 BA | 2BR,2BA | $1.33 |
Freedom Park | 1 Bed/ 1 Bath | 1BR,1BA | $1.38 |
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.
Pet Friendly LifestyleCarpenter-Ridgeway, Madison, WI
Ranked #18
Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Carpenter-Ridgeway, Madison, WI
Hawthorne Elementary
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!
Getting Around the Carpenter-Ridgeway Neighborhood in Madison, WI
Walk Score®
60 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
81 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
42 / 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 Carpenter-Ridgeway Apartments
What is the Cheapest Studio apartment in Carpenter-Ridgeway?
Currently the most affordable Cheap Studio Apartment in Carpenter-Ridgeway is at Nature Valley Apartments listed at $925.
How much is rent for a Cheap One Bedroom Carpenter-Ridgeway Apartment?
The lowest price for a Cheap One Bedroom Carpenter-Ridgeway Apartment is $1,000 at Madison Mayfair Apartments.
What is the lowest price for a Cheap Two Bedroom Carpenter-Ridgeway Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Carpenter-Ridgeway is starting from $1,000 at The Life at Madison Grove.
What is the most affordable Carpenter-Ridgeway Three Bedroom Apartment?
The best deal on a cheap Carpenter-Ridgeway Three Bedroom Apartment rental is at Madison Mayfair Apartments and starts from $1,300.
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.