Cheap Homes for Rent in Madison, WI from $800 (32 Rentals)

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Search the lowest-cost Homes available for rent right now in Madison.

property at 125 E Gorham St

$1,050 - $2,850

Studio To 4 Bedroom Rentals

Available Aug 15

125 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 5331 Brody Dr

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295
Total Monthly Price
$1,295

1 Bedroom, 1 Bath Condo for Rent

Available Now

5331 Brody Dr, Unit 204

5331 Brody Dr
MadisonWI53705

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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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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Showing Results 1-32, Page 1 of 1

Madison, WI Local Guide

Cheapest Neighborhoods for Apartments in Madison, WI

Pricing Updated: 01/30/2026

Current apartment rentals in the Madison, WI area range in price from $560 to $14,570 with an overall median price of $3,598. The three Madison neighborhoods with the lowest median rent pricing are Whitetail Ridge at $900, North Lake Mendota at $900, and Sherman Village at $900. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Madison Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Whitetail Ridge$1,300$90067
North Lake Mendota$1,347$90043
Sherman Village$1,500$90037
Cherokee Park$1,575$900149
Sun Prairie Business Park$1,647$64142
Orchard Ridge$1,740$641326
Greentree$1,747$641397
Glacier Crossing$1,795$64137
Liberty Square$1,795$64168
Village View Heights$1,795$64186

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 $641. Maple Grove Commons in the Outer Verona neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $670. 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$641
Maple Grove Commons1-218 Income Restricted1BR,1BA$670
Oakridge ApartmentsStudioStudio,1BA$800
Uno Terrace3x23BR,2BA$884
106 S Hancock StStudioStudio,1BA$890
Nature Valley ApartmentsStudioStudio,1BA$895
632 Howard Place632 Howard Place - 304Studio,1BA$895
PMM + MS2406 Brentwood Pkwy2BR,1BA$900
Gargano Propertiesone1BR,1BA$900
1301 Spring StStudios Available 8/15/23Studio,1BA$905

Best Value Apartments for Rent in Madison, WI

As of January 30, 2026 the best value apartment in the Madison area is the $0.46 price per square foot 3x2TH-MKT Model at Prairie Creek in the starting from $2,295. The second greatest value Madison apartment is the 5910 Monona Dr Model at 5910 Monona Dr, Unit Monona Apt starting at $1,955 with a $0.78 price per square foot in the Pflaum Road 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.
Prairie Creek3x2TH-MKT3BR,2BA$0.46
5910 Monona Dr, Unit Monona Apt5910 Monona Dr2BR,2BA$0.78
9 Obrien Ct, Unit 09 O’Brien9 Obrien Ct4BR,1.5BA$0.96
6820-6850 Redspire LnRedspire3BR,2.5BA$1.01
Whitcomb Square Senior Apartment Homes (55+)2 Bedroom2BR,2BA$0.90
Collegiate Campus Apartments3 Bedroom 2 Bath Lake Views (7th/8th Floor)3BR,2BA$0.74
1026 W Badger Rd, Unit # 21026 W Badger Rd2BR,1BA$1.01
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1.16
PMM + MS10 Sherman Terr1BR,1BA$1.12
The CanyonsOne Bedroom Income Restricted-StyleB1BR,1BA$0.90

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.

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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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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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Quick Rent Budget Calculator

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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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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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Frequently Asked Questions about Madison

What type of rentals are currently available in Madison?

There are currently 1746 Apartments for Rent in Madison, WI with pricing that ranges from $620 to $14,570. There are also 217 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $850 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 $850 to $6,150 with an average monthly rent of $2,644.

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 $6,450, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $675.

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

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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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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.

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.