Cheap Homes for Rent in Carpenter-Ridgeway Neighborhood of Madison, WI from $1,200 (13 Rentals)

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

property at 107 Rethke Ave

107 Rethke Ave

MadisonWI53714

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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 $925. Freedom Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Carpenter-Ridgeway apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Nature Valley ApartmentsStudioStudio,1BA$925
Freedom Park1 Bed/ 1 Bath1BR,1BA$950
Cedar RidgeStudioStudio,1BA$995
Madison Mayfair Apartments1 Bedroom1BR,1BA$1,000
The Life at Madison Grove2 BED 1 BATH2BR,1BA$1,000

Best Value Apartments for Rent in Carpenter-Ridgeway, WI

As of August 02, 2025 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 3BR/2.0BA Model at Canopy Collection - Canopy Pines starting at $2,099 with a $1.68 price per square foot in the Carpenter-Ridgeway 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
Canopy Collection - Canopy Pines3BR/2.0BA3BR,2BA$1.68
Eagle Harbor3 Bedroom 2 Bathroom3BR,2BA$1.26
View Pointe2 BR/ 2 BA2BR,2BA$1.33
Ridge Creek Apartments2x10282BR,1BA$1.41
Freedom Park2 bed/1 bath2BR,1BA$1.40
PMM + MS2 Bedroom2BR,1BA$1.45
Ridgewood Trails2BR/1.0BA2BR,1BA$1.44
The Meadows2b/1b-r2BR,1BA$1.52
Madison Mayfair Apartments2 Bedroom2BR,1BA$1.60

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Frequently Asked Questions about Carpenter-Ridgeway

What type of rentals are currently available in Carpenter-Ridgeway?

There are currently 237 Apartments for Rent in Carpenter-Ridgeway, WI with pricing that ranges from $925 to $7,000. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Carpenter-Ridgeway ranging from $1,200 to $3,700.

What is the current price range for Rental Homes in Carpenter-Ridgeway?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Carpenter-Ridgeway ranges from $1,200 to $3,700 with an average monthly rent of $2,229.

How much are larger Three and Four Bedroom Rentals in Carpenter-Ridgeway?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Carpenter-Ridgeway range from $1,300 to $5,828, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $2,995. Four Bedroom Single-Family rentals are also available starting from $2,595 and Four Bedroom Apartments start at $2,299.

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.

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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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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.