936 Drake St, Unit 6
936 Drake St
MadisonWI53715
Cheap Homes for Rent in Madison, WI from $700 (21 Rentals)
Search the lowest-cost Homes available for rent right now in Madison.
1106 Woodland Way
MadisonWI53711
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$950Studio Apartments Available Aug 15
454 W Dayton St
454 W Dayton StMadison, WI 53703
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$950Studio Apartments Available Aug 15
454 W Dayton St
454 W Dayton StMadison, WI 53703
125 E Gorham St
MadisonWI53703
121 E Gorham St
MadisonWI53703
6578 Lake Rd
WindsorWI53598
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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$1,1802 Bedroom Apartments Available Now
5326 Hoboken Rd
5326 Hoboken RdMadison, WI 53713
129 E Gorham St
MadisonWI53703
131 N Fair Oaks Ave
MadisonWI53714
501 N Sherman Ave, Unit 501 B. N. Sherman Ave.
501 N Sherman Ave
MadisonWI53704
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$1,255Studio Apartments Available Now
402 W Dayton St
402 W Dayton StMadison, WI 53703
5331 Brody Dr, Unit 204
5331 Brody Dr
MadisonWI53705
934 High St
MadisonWI53715
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.
137 E Gorham St
MadisonWI53703
536 Melody Ln
VeronaWI53593
841 N Gammon Rd
MadisonWI53717
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$1,4002 Bedroom Apartments Available Apr 1
5 High Point Woods Dr
5 High Point Woods DrMadison, WI 53719
2 S Wickham Ct
MadisonWI53711
527 D'onofrio Dr, Unit 1
527 D'onofrio Dr
MadisonWI53719
2 Sherman Terrace
MadisonWI53704
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.
Showing Results 1-21, Page 1 of 1
Madison, WI Local Guide
How much does it cost to rent a home in Madison?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison 2 Bedroom Homes for Rent | $2,156 | $1,200 | $3,395 |
| Madison 3 Bedroom Homes for Rent | $2,520 | $1,875 | $4,195 |
| Madison 4 Bedroom Homes for Rent | $3,291 | $2,200 | $6,150 |
| Madison 5 Bedroom Homes for Rent | $3,311 | $2,150 | $4,600 |
| Madison 7 Bedroom Homes for Rent | $4,750 | $4,750 | $4,750 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Madison
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Madison, WI Local Guide
- Madison Neighborhoods
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Cheapest Neighborhoods for Apartments in Madison, WI
Pricing Updated: 03/21/2026Current apartment rentals in the Madison, WI area range in price from $795 to $6,150 with an overall median price of $3,494. The three Madison neighborhoods with the lowest median rent pricing are Near East Side at $1,200, Liberty Square at $1,625, and Truax at $1,200. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Madison Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Near East Side | $1,900 | $1,200 | 2 |
| Liberty Square | $2,000 | $1,625 | 1 |
| Truax | $2,040 | $1,200 | 25 |
| Reindahl Park | $2,050 | $1,850 | 22 |
| Emerald Terrace | $2,100 | $1,625 | 2 |
| Hawthorne | $2,150 | $1,200 | 23 |
| Schenk-Atwood-Starkweather-Yahara | $2,449 | $1,200 | 2 |
| Allied | $2,500 | $850 | 10 |
| South Central Side | $2,525 | $1,350 | 1 |
| South Madison | $2,550 | $1,295 | 5 |
Cheapest Available Madison Apartments for Rent
The cheapest available apartment rental in Madison, WI is a 1 Bed unit found at Village on Main priced from $623. The Canyons in the Far West Side neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $641. Here is today’s list of the most affordable Madison apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Village on Main | 1 Bedroom D | 1BR,1BA | $623 |
| The Canyons | One Bedroom Income Restricted-StyleB | 1BR,1BA | $641 |
| Westminster Senior Apartments | 1 Bed/ 1 Bath | 1BR,1BA | $668 |
| Maple Grove Commons | 1-118 Income Restricted | 1BR,1BA | $670 |
| Humbucker Apartments | 4x2-1225 | 4BR,2BA | $799 |
Best Value Apartments for Rent in Madison, WI
As of March 21, 2026 the best value apartment in the Madison area is the $1.01 price per square foot Redspire Model at 6820-6850 Redspire Ln in the in the Lake Windsor neighborhood starting from $2,228. The second greatest value Madison apartment is the 2 Bedroom Model at Whitcomb Square Senior Apartment Homes (55+) starting at $1,350 with a $0.90 price per square foot in the Dudgeon-Monroe neighborhood. Here is today’s list of the best values for Madison apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 6820-6850 Redspire Ln | Redspire | 3BR,2.5BA | $1.01 |
| Whitcomb Square Senior Apartment Homes (55+) | 2 Bedroom | 2BR,2BA | $0.90 |
| Evia Apartments | C1 | 2BR,1.5BA | $1.00 |
| The Canyons | Three Bedroom/Two Bath Income Restricted-Style AAC | 3BR,2BA | $1.17 |
| The Derby | Two Bedroom Income Restricted | 2BR,2BA | $1.05 |
| Collegiate Campus Apartments | 3 Bedroom 2 Bath Lake Views (7th/8th Floor) | 3BR,2BA | $0.74 |
| Colonial Apartments | 1 Br | 1BR,1BA | $1.15 |
| PMM + MS | 10 Sherman Terr | 1BR,1BA | $1.12 |
| The Life at Madison Grove | 2 BED 1 BATH | 2BR,1BA | $1.18 |
| Maple Grove Commons | 1-118 Income Restricted | 1BR,1BA | $0.94 |
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.
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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See the most popular apartments and homes in Madison, WI
Frequently Asked Questions about Madison
What type of rentals are currently available in Madison?
There are currently 1762 Apartments for Rent in Madison, WI with pricing that ranges from $641 to $15,988. There are also 200 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $795 to $6,150.
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 $795 to $6,150 with an average monthly rent of $2,696.
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 $675 to $14,130, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,875 to $4,195. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $650.
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
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.
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.