Cheap Homes for Rent in Madison, WI from $800 (53 Rentals)

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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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property at 125 E Gorham St

125 E Gorham St

MadisonWI53703
property at 121 E Gorham St

121 E Gorham St

MadisonWI53703
property at 137 E Gorham St

137 E Gorham St

MadisonWI53703
property at 129 E Gorham St

129 E Gorham St

MadisonWI53703

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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property at 133 E Gorham St

133 E Gorham St

MadisonWI53703
property at 109 E Gorham St

109 E Gorham St

MadisonWI53703

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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property at 4807 Camden Rd

4807 Camden Rd

MadisonWI53716

The 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.

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Cash 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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Madison, WI Local Guide

Cheapest Neighborhoods for Apartments in Madison, WI

Pricing Updated: 09/19/2025

Current apartment rentals in the Madison, WI area range in price from $482 to $12,995 with an overall median price of $4,929. The three Madison neighborhoods with the lowest median rent pricing are Sherman Village at $975, Whitetail Ridge at $975, and Berkeley Oaks at $925. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Madison Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Sherman Village$1,295$97515
Whitetail Ridge$1,295$97540
Berkeley Oaks$1,425$92564
Lakeview Hills$1,425$97524
Trinity Park$1,500$97527
Mendota Hills$1,555$97527
Glacier Crossing$1,595$64154
Lerdahl Park$1,610$97523
Liberty Square$1,689$64181
Village View Heights$1,695$64190

Cheapest Available Madison Apartments for Rent

 

The cheapest available apartment rental in Madison, WI is a 1 Bed unit found at Klassik in the Outer Verona neighborhood priced from $656. Hellenbrand Apartments in the The Isthmus neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $705. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Klassik1x11BR,1BA$656
Hellenbrand ApartmentsStudio--111 S BassettStudio,1BA$705
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$750
Gargano Propertiesone1BR,1BA$750
Oakridge ApartmentsStudioStudio,1BA$800
632 Howard Place632 Howard Place - 304Studio,1BA$895
Nature Valley ApartmentsStudioStudio,1BA$925
Point Place1/11BR,1BA$925

Best Value Apartments for Rent in Madison, WI

As of September 19, 2025 the best value apartment in the Madison area is the $0.96 price per square foot 9 Obrien Ct Model at 9 Obrien Ct, Unit 09 O’Brien in the in the East Side neighborhood starting from $2,295. The second greatest value Madison apartment is the 6 Bedroom Model at 229 Lakelawn *Student Housing* starting at $1,200 with a $0.77 price per square foot in the The Isthmus 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.
9 Obrien Ct, Unit 09 O’Brien9 Obrien Ct4BR,1.5BA$0.96
229 Lakelawn *Student Housing*6 Bedroom6BR,3BA$0.77
1509 Spaight St1509 Spaight St1BR,1BA$0.80
Prairie Creek3x2TH3BR,2.5BA$1.01
Hickory PointeElm (Loft)2BR,2BA$1.18
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$0.64
Gargano Propertiesone1BR,1BA$0.74
345 W Doty St, Unit 2345 W Doty St2BR,1BA$0.78
1319 Drake St, Unit #21319 Drake St1BR,1BA$1.08
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1.16

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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Pet Friendly Lifestyle
Madison, WI

Ranked #1

Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Madison, WI Rentals by Map

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See the most popular apartments and homes in Madison, WI

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Madison, WI Apartments Map
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Madison, WI Rental Homes Map

Frequently Asked Questions about Madison

What type of rentals are currently available in Madison?

There are currently 1709 Apartments for Rent in Madison, WI with pricing that ranges from $641 to $9,695. There are also 240 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $800 to $6,949.

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 $800 to $6,949 with an average monthly rent of $3,010.

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 $839 to $6,445, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $4,200. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $1,080.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.