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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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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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property at 2549 Upham St

2549 Upham St

MadisonWI53704

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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 1216 Jenifer St

1216 Jenifer St

MadisonWI53703

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Madison, WI Local Guide

Cheapest Neighborhoods for Apartments in Madison, WI

Pricing Updated: 06/19/2025

Current apartment rentals in the Madison, WI area range in price from $675 to $9,800 with an overall median price of $3,528. The three Madison neighborhoods with the lowest median rent pricing are South Central Side at $900, Berkeley Oaks at $1,400, and Lerdahl Park at $1,400. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Madison Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
South Central Side$1,900$9001
Berkeley Oaks$2,095$1,4008
Lerdahl Park$2,095$1,4006
Mendota Hills$2,095$1,4006
Sherman Village$2,095$1,4755
Trinity Park$2,095$1,4757
Whitetail Ridge$2,095$1,4755
Brentwood Village$2,097$1,3009
Sherman$2,097$1,3009
Near East Side$2,100$1,4004

Cheapest Available Madison Apartments for Rent

 

The cheapest available apartment rental in Madison, WI is a 1 Bed unit found at The Canyons in the Far West Side neighborhood priced from $625. The Oscar Senior Apartments in the Eastmorland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $678. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The CanyonsOne Bedroom Income Restricted-StyleB1BR,1BA$625
The Oscar Senior Apartments1 Bedroom Income Restricted1BR,1BA$678
Hub on Campus Madison3X5D33BR,3BA$730
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$750
THE HIGHLINE SENIOR APARTMENTSTwo Bedroom One Bath2BR,1BA$782
The Limerick Townhomes & Senior ApartmentsTownhome-Floorplan E3BR,2BA$839
The ShieldA21BR,1BA$842
Hellenbrand ApartmentsStudio--111 S BassettStudio,1BA$850
Madison and MainA3Studio,1BA$925

Best Value Apartments for Rent in Madison, WI

As of June 19, 2025 the best value apartment in the Madison area is the $1.20 price per square foot 2B/2Bath Model at Glendale Townhomes in the in the Pflaum Road neighborhood starting from $1,795. The second greatest value Madison apartment is the 1207-6 Model at Woods Edge Townhomes starting at $1,799 with a $1.24 price per square foot in the Near East Side neighborhood. Here is today’s list of the best values for Madison apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Glendale Townhomes2B/2Bath2BR,1.5BA$1.20
Woods Edge Townhomes1207-63BR,1.5BA$1.24
Waterfront3 Bed, 2 Bath3BR,2BA$1.04
The DerbyTwo Bedroom Income Restricted2BR,2BA$1.05
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$0.64
36 Stonehaven Dr, Unit 136 Stonehaven Dr2BR,1BA$1.26
Northern BluffsSandstone3BR,1BA$1.15
The Wildwood at MainBadger 50%2BR,1BA$1.18
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1.16
Faircrest Apartments2 Bed/1 Bath2BR,1BA$1.15

Quick 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.

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Frequently Asked Questions about Madison

What type of rentals are currently available in Madison?

There are currently 1664 Apartments for Rent in Madison, WI with pricing that ranges from $565 to $7,277. There are also 201 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $675 to $9,800.

What is the current price range for Rental Homes in Madison?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Madison ranges from $675 to $9,800 with an average monthly rent of $2,633.

How much are larger Three and Four Bedroom Rentals in Madison?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Madison range from $730 to $6,370, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $9,800. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $750.

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.

decorative image for Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Madison article

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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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.