Cheap Apartments for Rent in the Carpenter-Ridgeway Neighborhood of Madison, WI from $600 (113 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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Carbon
$771 - $1,943
Total Monthly Price

Total Monthly Price

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$771 - $1,943
Total Monthly Price
$771 - $1,943
1 to 3 Bedroom Apartments Available Now

Carbon

2418 Winnebago StMadison, WI 53704
Pet Friendly
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  • Low Income
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269 Waubesa St
$900
Total Monthly Price

Total Monthly Price

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$900
Total Monthly Price
$900
1 Bedroom Apartment Available Now

269 Waubesa St

269 Waubesa StMadison, WI 53704
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Freedom Park Apartments
Rent Specials
$925 - $1,350
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$925 - $1,350
Total Monthly Price
$925 - $1,350
1 to 2 Bedroom Apartments Available Aug 15

Freedom Park Apartments

3802 Lien RdMadison, WI 53704
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property at 1617 Troy Dr

$999 - $1,175

Studio To 1 Bedroom Rentals

Available Aug 2

1617 Troy Dr

MadisonWI53704

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Rent According to Income: A Look at Income-Restricted Rentals

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Prentice Park
$1,145 - $2,074
Total Monthly Price

Total Monthly Price

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$1,145 - $2,074
Total Monthly Price
$1,145 - $2,074
1 to 3 Bedroom Apartments Available Aug 13

Prentice Park

803 N Thompson DrMadison, 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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3176 Ridgeway Ave, Unit #4
$1,200
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Total Monthly Price

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$1,200
Total Monthly Price
$1,200
1 Bedroom Apartment Available Now

3176 Ridgeway Ave, Unit #4

3176 Ridgeway AveMadison, WI 53704
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View Pointe
$1,225 - $1,395
Total Monthly Price

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$1,225 - $1,395
Total Monthly Price
$1,225 - $1,395
1 to 2 Bedroom Apartments Available Aug 1

View Pointe

2301 Columbus LnMadison, WI 53704
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 3541 Graceland Ave

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

1 Bedroom, 1 Bath Townhome for Rent

Available Now

3541 Graceland Ave, Unit A

3541 Graceland Ave
MadisonWI53704
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2111 E. Dayton St., Unit 4
$1,285
Total Monthly Price

Total Monthly Price

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$1,285
Total Monthly Price
$1,285
1 Bedroom Apartment Available Aug 30

2111 E. Dayton St., Unit 4

2111 E. Dayton St.Madison, WI 53704
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The Avenue
$1,300 - $1,6002 to 3 Bedroom Apartments Available Now

The Avenue

1954 E Washington AveMadison, WI 53704
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Nexus at Union Corners
$1,324 - $3,285
Total Monthly Price

Total Monthly Price

Base Rent
$1,324 - $3,285
Total Monthly Price
$1,324 - $3,285
Studio to 3 Bedroom Apartments Available Now

Nexus at Union Corners

2521 East Washington AveMadison, WI 53704
Transit Friendly
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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 3401 Dawes St priced from $860. The Point on Washington has the second lowest priced unit, which is a Studio apartment currently listed from $949. Here are the most affordable Carpenter-Ridgeway apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
3401 Dawes St1bed1bath1BR,1BA$860
The Point on WashingtonStandard StudioStudio,1BA$949
Marina Park Apartments10 Sherman Terr1BR,1BA$950
Madison Mayfair Apartments1 Bedroom1BR,1BA$999
Port VistaStudioStudio,1BA$999
The Life at Madison Grove2 BED 1 BATH2BR,1BA$1,000
Holiday Terrace Apartments1 Beds, 1 Baths1BR,1BA$1,000
Cedar RidgeRemodeled StudioStudio,1BA$1,025
Eagle Harbor1 Bedroom 1 Bathroom1BR,1BA$1,100
Rise-Madison1 Bed / 1 Bath1BR,1BA$1,112

Best Value Apartments for Rent in Carpenter-Ridgeway, WI

As of July 23, 2026 the best value apartment in the Carpenter-Ridgeway area is the $1.16 price per square foot C1 Floor Plan (50LMI Income Restricted) Model at Pinney Lane in the in the Eastmorland neighborhood starting from $1,575. The second greatest value Carpenter-Ridgeway apartment is the sv2brlow Model at Stonewood Village starting at $1,531 with a $1.53 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.
Pinney LaneC1 Floor Plan (50LMI Income Restricted)3BR,2.5BA$1.16
Stonewood Villagesv2brlow2BR,1BA$1.53
209 Kedzie St, Unit Apartment #2209 Kedzie St2BR,1BA$1.55
3401 Dawes St2bed1bath2BR,1BA$1.23
Ridgeview Heights2 Bedroom 1 Bath - Renovated2BR,1BA$1.58
Ridgewood Trails2BR/1.0BA2BR,1BA$1.55
Williamstown Bay EastWilliamstown Bay East - 1022BR,1BA$1.30
The Life at Madison Grove2 BED 1 BATH2BR,1BA$1.18
Cambridge Place1BR1BR,1BA$1.45
Rise-Madison1 Bed / 1 Bath1BR,1BA$1.46

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Pet Friendly Lifestyle
Carpenter-Ridgeway, Madison, WI

Ranked #22

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 $1,112.

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

The cheapest apartment in Carpenter-Ridgeway is 3401 Dawes St which is listed at $860, while the average apartment in Carpenter-Ridgeway costs $2,114.

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 375 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 $877 which is $1,237 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.

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