Cheap Apartments for Rent in the Carpenter-Ridgeway Neighborhood of Madison, WI from $600 (79 Rentals)

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

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914-16 N Oak St
$1,200 - $1,3502 Bedroom Apartments Available Dec 19

914-16 N Oak St

914-16 N Oak StMadison, WI 53704
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Algoma Apartments
Studio to 2 Bedroom Apartments

Algoma Apartments

404 Algoma StMadison, WI 53704
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Tennyson Ridge
1 to 3 Bedroom Apartments

Tennyson Ridge

3834 Whitman LnMadison, WI 53704
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Madison's Best Affordable Neighborhoods

Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer

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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 1 Bed unit found at Rise-Madison priced from $639. Eagle Harbor has the second lowest priced unit, which is a 2 Beds apartment currently listed from $686. Here are the most affordable Carpenter-Ridgeway apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Rise-Madison1 Bed / 1 Bath1BR,1BA$639
Eagle Harbor2 Bedroom 1 Bathroom2BR,1BA$686
Nature Valley ApartmentsStudioStudio,1BA$895
The Point on WashingtonStandard StudioStudio,1BA$949
Freedom Park1 Bed/ 1 Bath1BR,1BA$1,050
Madison Mayfair Apartments1 Bedroom1BR,1BA$1,050
The Grove ApartmentsOne Bedroom - Income Restricted - 60%1BR,1BA$1,063
Cedar RidgeRemodeled StudioStudio,1BA$1,075
Ridgewood Trails1BR/1.0BA1BR,1BA$1,099
Elka Lane Apartments1BR/1BA1BR,1BA$1,100

Best Value Apartments for Rent in Carpenter-Ridgeway, WI

As of December 17, 2025 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
10-63 Sinykin CirThompson 2nd Floor2BR,2BA$1.40
1242 E Mifflin St, Unit 21242 E Mifflin St2BR,1BA$1.54
Timber Bluff2 BED / 2 BATH2BR,2BA$1.30
The Andre Apartments2x22BR,2BA$1.45
Ridgewood Trails2BR/2.0BA2BR,2BA$1.33
View Pointe1 BR/ 1 BA1BR,1BA$1.49
Freedom Park1 bed/1 bath + Den1BR,1BA$1.38
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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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 #12

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!

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 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 $1,100.

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

The cheapest apartment in Carpenter-Ridgeway is Rise-Madison which is listed at $639, while the average apartment in Carpenter-Ridgeway costs $2,425.

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 52 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 $238 which is $2,187 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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!