
Cheap Homes for Rent in Carpenter-Ridgeway Neighborhood of Madison, WI from $1,100 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Carpenter-Ridgeway area of Madison.


714 N Oak St

2404 Independence Ln

1975 E Washington Ave

5 Sherman Ter, Unit 4

2401 Brentwood Pkwy, Unit 3
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.

23 Sherman Ter, Unit 5

501 N Sherman Ave, Unit 501 B. N. Sherman Ave.

3319 Lotheville Rd

4013 Claire St

228 Swanton Rd, Unit 228 Swanton Rd

17 Sherman Ter, Unit 2
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.
Carpenter-Ridgeway, Madison, WI Local Guide

How much does it cost to rent a home in Carpenter-Ridgeway?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Carpenter-Ridgeway 2 Bedroom Homes for Rent | $2,003 | $1,550 | $3,200 |
| Carpenter-Ridgeway 3 Bedroom Homes for Rent | $2,448 | $2,000 | $2,795 |
| Carpenter-Ridgeway 4 Bedroom Homes for Rent | $2,300 | $2,100 | $2,500 |
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Carpenter-Ridgeway Neighborhood of Madison, WI.
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Carpenter-Ridgeway, Madison, WI Local Guide
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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 The Conway at Huxley Yards priced from $761. Rise-Madison has the second lowest priced unit, which is a 2 Beds apartment currently listed from $784. Here are the most affordable Carpenter-Ridgeway apartments for rent in Madison, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Conway at Huxley Yards | One Bedroom/One Bath "D" | 1BR,1BA | $761 |
| Rise-Madison | 2 Bed / 2 Bath | 2BR,2BA | $784 |
| The Point on Washington | Standard Studio | Studio,1BA | $949 |
| Madison Mayfair Apartments | 1 Bedroom | 1BR,1BA | $999 |
| The Life at Madison Grove | 2 BED 1 BATH | 2BR,1BA | $1,000 |
Best Value Apartments for Rent in Carpenter-Ridgeway, WI
As of June 20, 2026 the best value apartment in the Carpenter-Ridgeway area is the $1.13 price per square foot 1301 Ruskin St Model at 1301 Ruskin St, Unit 1 in the in the Eastmorland neighborhood starting from $1,350. The second greatest value Carpenter-Ridgeway apartment is the Province Model at Prentice Park starting at $1,635 with a $1.43 price per square foot in the 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. |
|---|---|---|---|
| 1301 Ruskin St, Unit 1 | 1301 Ruskin St | 2BR,1BA | $1.13 |
| Prentice Park | Province | 2BR,1BA | $1.43 |
| 149 Leon St, Unit 1 | 149 Leon St | 2BR,1BA | $1.41 |
| Stonewood Village | sv2brup | 2BR,1BA | $1.45 |
| Valor on Washington | Two Bedroom | 2BR,1BA | $1.32 |
| 2502 Brentwood Pkwy | 2 Beds 1 Bath | 2BR,1BA | $1.28 |
| The Life at Madison Grove | 2 BED 1 BATH | 2BR,1BA | $1.18 |
| Freedom Park Apartments | 1706 - 2 Bed / 1 Bath | 2BR,1BA | $1.38 |
| Rise-Madison | 1 Bed / 1 Bath | 1BR,1BA | $1.46 |
| The Conway at Huxley Yards | One Bedroom/One Bath "D" | 1BR,1BA | $1.27 |
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.
Read ArticleDon'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.
Read ArticleReal 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.
Read ArticleQuick 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 #19
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
Frequently Asked Questions about Carpenter-Ridgeway
What type of rentals are currently available in Carpenter-Ridgeway?
There are currently 236 Apartments for Rent in Carpenter-Ridgeway, WI with pricing that ranges from $761 to $6,450. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Carpenter-Ridgeway ranging from $1,150 to $3,200.
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 $1,150 to $3,200 with an average monthly rent of $2,006.
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 $1,055 to $4,944, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $2,795. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $1,737.
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.
Helpful Local Expert Guides

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.

Lakeshore to Lecture Hall: Finding Your Perfect Student Apartment in Madison, WI
Written by: Mike Heuer
I am Mike, your guide to student housing in the Greater Madison, Wisconsin, area. Madison is a terrific city that also is the Capital of Wisconsin.

An Insiders Guide to 6 Reasons Why Locals Love Renting in Madison, Wisconsin
Written by: Mike Heuer
Madison is Wisconsin’s capital city and its second-largest city, with a population of more than 260,000.
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Creative Ways Developers Reimagine Retail Spaces as Residential Units
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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.