Cheap Apartments for Rent in the Carpenter-Ridgeway Neighborhood of Madison, WI from $400 (124 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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Tennyson Ridge
$750 - $1,3001 to 3 Bedroom Apartments Contact Us For Availability

Tennyson Ridge

3834 Whitman LnMadison, WI 53704
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Londonderry Lofts
$1,045 - $1,225
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$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
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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.

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Prentice Park
$1,145 - $2,074
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$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
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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.

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View Pointe
$1,195 - $1,525
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$1,195 - $1,525
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$1,195 - $1,525
1 to 2 Bedroom Apartments Available Now

View Pointe

2301 Columbus LnMadison, WI 53704
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property at 107 Rethke Ave

$1,200

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$1,200
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$1,200

2 Bedroom, 1.5 Bath Townhome for Rent

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107 Rethke Ave

MadisonWI53714
property at 107 Rethke Ave

$1,200

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$1,200
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$1,200

2 Bedroom, 1.5 Bath Townhome for Rent

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107 Rethke Ave

MadisonWI53714
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Ridgeview Heights
$1,250 - $1,500
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$1,250 - $1,500
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$1,250 - $1,500
1 to 2 Bedroom Apartments Available Now

Ridgeview Heights

3154-3166 Ridgeway AveMadison, WI 53704
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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.

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PACKTENN
Rent Specials
$1,275 - $1,475
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Total Monthly Price

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$1,275 - $1,475
Total Monthly Price
$1,275 - $1,475
Studio to 1 Bedroom Apartments Available Now

PACKTENN

2024 Tennyson 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 Studio unit found at Nature Valley Apartments priced from $895. PMM + MS has the second lowest priced unit, which is a 2 Beds apartment currently listed from $900. Here are the most affordable Carpenter-Ridgeway apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Nature Valley ApartmentsStudioStudio,1BA$895
PMM + MS2406 Brentwood Pkwy2BR,1BA$900
The Point on WashingtonStandard StudioStudio,1BA$949
Freedom Park Apartments3802 - 1 Bed / 1 Bath1BR,1BA$995
Madison Mayfair Apartments1 Bedroom1BR,1BA$999
The Life at Madison Grove2 BED 1 BATH2BR,1BA$1,000
EllaB - 3 (WHEDA) Floor Plan (50LMI Income Restricted)1BR,1BA$1,090
2502 Brentwood Pkwy2 Beds 1 Bath2BR,1BA$1,095

Best Value Apartments for Rent in Carpenter-Ridgeway, WI

As of April 24, 2026 the best value apartment in the Carpenter-Ridgeway area is the $1.41 price per square foot 3x2 Income restricted Model at Carbon at Union Corners in the in the Near East Side neighborhood starting from $1,811. The second greatest value Carpenter-Ridgeway apartment is the sv2brlow Model at Stonewood Village starting at $1,481 with a $1.48 price per square foot in the Eastmorland 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.
Carbon at Union Corners3x2 Income restricted3BR,2BA$1.41
Stonewood Villagesv2brlow2BR,1BA$1.48
1812 Northwestern Ave, Unit Upper1812 Northwestern Ave2BR,1BA$1.53
1310 Hooker Ave2 bedroom2BR,1BA$1.53
2502 Brentwood Pkwy2 Beds 1 Bath2BR,1BA$1.28
2410 Brentwood Pky, Unit #C2410 Brentwood Pky2BR,1BA$1.28
2414 Brentwood Pky, Unit #A2414 Brentwood Pky2BR,1BA$1.28
PMM + MS10 Sherman Terr1BR,1BA$1.12
The Life at Madison Grove2 BED 1 BATH2BR,1BA$1.18
View Pointe1 BR/ 1 BA1BR,1BA$1.49

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Lakeshore to Lecture Hall: Finding Your Perfect Student Apartment in Madison, WI

Discover the best student housing neighborhoods for renting in Madison, Wisconsin! This guide covers apartments near the University of Wisconsin-Madison, Edgewood University, Herzing University, and Madison Area Technical College, detailing locations like Regent, Shorewood Hills, Dudgeon-Monroe, and more for your perfect college home.

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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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Pet Friendly Lifestyle
Carpenter-Ridgeway, Madison, WI

Ranked #19

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 the Cheapest Studio apartment in Carpenter-Ridgeway?

Currently the most affordable Cheap Studio Apartment in Carpenter-Ridgeway is at Nature Valley Apartments listed at $895.

How much is rent for a Cheap One Bedroom Carpenter-Ridgeway Apartment?

The lowest price for a Cheap One Bedroom Carpenter-Ridgeway Apartment is $950 at PMM + MS.

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 $900 at PMM + MS.

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

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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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.

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.

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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.