1205 Chandler St, Unit Private Rm.#2 . 2 nd floor
1205 Chandler St
MadisonWI53715
Cheap Homes for Rent in Madison, WI from $700 (68 Rentals)
Search the lowest-cost Homes available for rent right now in Madison.
1203 Chandler St, Unit 4 bedrooms
1203 Chandler St
MadisonWI53715
close
View Me
$900Studio Apartments Available Now
454 W Dayton St
454 W Dayton StMadison, WI 53703
close
View Me
$1,025Studio Apartments Available Now
454 W Dayton St, Unit 115
454 W Dayton StMadison, WI 53703
close
View Me
$1,0801 Bedroom Apartments Available Now
2016 Kendall Avenue, Unit 2b
2016 Kendall AvenueMadison, WI 53726
close
View Me
$1,1001 Bedroom Apartments Available Now
402 W Dayton St, Unit 107
402 W Dayton StMadison, WI 53703
714 N Oak St
MadisonWI53704
431 W Main St
MadisonWI53703
close
View Me
$1,2001 Bedroom Apartments Available Now
402 W Dayton St, Unit 101
402 W Dayton StMadison, WI 53703
close
View Me
$1,200Studio Apartments Available Now
402 W Dayton St, Unit 111
402 W Dayton StMadison, WI 53703
Finding Your Place in Madison: Neighborhoods Close to the City’s Biggest Jobs
Finding the right Madison apartment near work is easy. Browse our guide to the best neighborhoods for professionals, from State-Langdon to Bay Creek.
close
View Me
$1,2001 Bedroom Apartments Available Now
5604 Bjelde Ln, Unit 3
5604 Bjelde LnMonona, WI 53716
501 N Sherman Ave, Unit 501 B. N. Sherman Ave.
501 N Sherman Ave
MadisonWI53704
3541 Graceland Ave, Unit A
3541 Graceland Ave
MadisonWI53704
2426 Independence Ln, Unit 211
2426 Independence Ln
MadisonWI53704
close
View Me
$1,2502 Bedroom Apartments Available Sep 2
2401 Brentwood Pkwy, Unit 3
2401 Brentwood PkwyMadison, WI 53704
5313 Brody Dr, Unit 102
5313 Brody Dr
MadisonWI53705
close
View Me
$1,2752 Bedroom Apartments Available Now
5706 Russett Rd, Unit 1-4
5706 Russett RdMadison, WI 53711
930 Emerald St
MadisonWI53715
close
View Me
$1,3251 Bedroom Apartments Available Now
402 W Dayton St, Unit 309
402 W Dayton StMadison, WI 53703
close
View Me
$1,3251 Bedroom Apartments Available Now
402 W Dayton St, Unit 311
402 W Dayton StMadison, WI 53703
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
close
View Me
$1,3251 Bedroom Apartments Available Now
402 W Dayton St, Unit 307
402 W Dayton StMadison, WI 53703
close
View Me
$1,3251 Bedroom Apartments Available Now
402 W Dayton St, Unit 306
402 W Dayton StMadison, WI 53703
close
View Me
$1,3251 Bedroom Apartments Available Now
402 W Dayton St, Unit 304
402 W Dayton StMadison, WI 53703
close
View Me
$1,3251 Bedroom Apartments Available Now
402 W Dayton St, Unit 302
402 W Dayton StMadison, WI 53703
4705 Ivywood Trl
McFarlandWI53558
312 S Ingersoll St
MadisonWI53703
2507 E Johnson St
MadisonWI53704
close
View Me
$1,3951 Bedroom Apartments Available Aug 29
402 Paunack Pl, Unit 402 Paunack place
402 Paunack PlMadison, WI 53726
3503 Albert Ct
MadisonWI53714
close
View Me
$1,4001 Bedroom Apartments Available Now
3315 Harvey St, Unit 3315-4
3315 Harvey StMadison, WI 53705
Madison's Best Affordable Neighborhoods
Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer
close
View Me
$1,4252 Bedroom Apartments Available Now
318 Island Dr, Unit 4
318 Island DrMadison, WI 53705
4338 Melody Ln, Unit 108
4338 Melody Ln
MadisonWI53704
close
View Me
$1,450Studio Apartments Available Oct 1
3572 Hargrove St, Unit 109
3572 Hargrove StMadison, WI 53714
4338 Melody Ln, Unit 108
4338 Melody Ln
MadisonWI53704
close
View Me
$1,4752 Bedroom Apartments Available Now
422 Rushmore Ln, Unit 1
422 Rushmore LnMadison, WI 53711
828-830 E Johnson St
MadisonWI53703
1034 E Johnson St, Unit JO1
1034 E Johnson St
MadisonWI53703
4805 Camden Rd
MadisonWI53716
5333 Brody Dr, Unit 204
5333 Brody Dr
MadisonWI53705
5333 Brody Dr, Unit 204
5333 Brody Dr
MadisonWI53705
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
1402 Northport Dr
MadisonWI53704
7345 Century Plz, Unit 206
7345 Century Plz
MiddletonWI53562
76 N Lakewood Gardens Ln, Unit 76
76 N Lakewood Gardens Ln
MadisonWI53704
2291 White Oak Trail
OregonWI53575
2217 Luann Ln
MadisonWI53713
5192 Sassafras Dr
FitchburgWI53711
24 Sherman Ter, Unit 6
24 Sherman Ter
MadisonWI53704
3509 Maple Grove Dr, Unit #3
3509 Maple Grove Dr
MadisonWI53719
527 D'onofrio Dr, Unit 1
527 D'onofrio Dr
MadisonWI53719
301 Harbour Town Dr, Unit 209
301 Harbour Town Dr
MadisonWI53717
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Showing Results 1-50, Page 1 of 2
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 | $2,015 | $1,350 | $3,950 |
| Madison 3 Bedroom Homes for Rent | $2,600 | $1,600 | $3,900 |
| Madison 4 Bedroom Homes for Rent | $3,011 | $749 | $4,395 |
| Madison 5 Bedroom Homes for Rent | $3,818 | $2,400 | $4,600 |
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
Explore Madison
Madison, WI Local Guide
- Madison Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Madison, WI
Pricing Updated: 08/19/2026Current apartment rentals in the Madison, WI area range in price from $560 to $36,000 with an overall median price of $1,752. The three Madison neighborhoods with the lowest median rent pricing are Whitetail Ridge at $1,299, Sun Prairie Business Park at $1,399, and Sherman Village at $1,400. 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 |
|---|---|---|---|
| Whitetail Ridge | $1,299 | $925 | 63 |
| Sun Prairie Business Park | $1,399 | $663 | 62 |
| Sherman Village | $1,400 | $999 | 37 |
| South Central Side | $1,401 | $875 | 107 |
| Liberty Square | $1,409 | $663 | 89 |
| Glacier Crossing | $1,435 | $663 | 69 |
| East Side | $1,450 | $1,100 | 63 |
| North Lake Mendota | $1,450 | $999 | 38 |
| Emerald Terrace | $1,450 | $663 | 128 |
| Village View Heights | $1,450 | $663 | 102 |
Cheapest Available Madison Apartments for Rent
The cheapest available apartment rental in Madison, WI is a 1 Bed unit found at The Landing at 818 in the Liberty Square neighborhood priced from $612. The Canyons in the Glen Oak Hills neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $763. Here is today’s list of the most affordable Madison apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Landing at 818 | 1 Bedroom A | 1BR,1BA | $612 |
| The Canyons | Two Bedroom/Two Bath Income Restricted-Style C1 | 2BR,2BA | $763 |
| 45 N Orchard St | 0x1-200 | Studio,1BA | $782 |
| Humbucker Apartments | 1BR/2.0BA | 1BR,2BA | $799 |
| 134 E Johnson | Two Bedroom | 2BR,2BA | $825 |
| Merchant Place | 2x2-SS | 2BR,2BA | $841 |
| 509 N Lake St | One-Bed | 1BR,1BA | $850 |
| Theory Madison | D9 | 4BR,4BA | $865 |
| Glen Grove | 3x2 | 3BR,2BA | $887 |
| Courtyard Apartments | 0BR/1.0BA | Studio,1BA | $895 |
Best Value Apartments for Rent in Madison, WI
As of August 19, 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 4 Bed 2 Bath Model at 111 E Gorham St starting at $700 with a $0.44 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 6820-6850 Redspire Ln | Redspire | 3BR,2.5BA | $1.01 |
| 111 E Gorham St | 4 Bed 2 Bath | 4BR,2BA | $0.44 |
| Limerick | 2x2 APT-L | 2BR,2BA | $1.10 |
| Whitcomb Square Senior Apartment Homes (55+) | 2 Bedroom | 2BR,2BA | $0.92 |
| 514 E Johnson St | 514 E Johnson St | 1BR,1BA | $1.08 |
| 134 E Johnson | Two Bedroom | 2BR,2BA | $0.66 |
| Rolling Prairie | Three Bedroom | 3BR,1BA | $1.14 |
| Collegiate Campus Apartments | 4 Bedroom 2 Bath City Views (7th/8th Floor) | 4BR,2BA | $0.61 |
| Merchant Place | 2x2-SS | 2BR,2BA | $0.80 |
| The Canyons | Two Bedroom/Two Bath Income Restricted-Style C1 | 2BR,2BA | $0.78 |
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 Article
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.
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 Article
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.
Let everyone know!
Do you know the Madison area?
If you’re an expert on all things Madison, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Madison, WI Rentals by Map
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 1834 Apartments for Rent in Madison, WI with pricing that ranges from $641 to $14,130. There are also 196 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison ranging from $749 to $4,600.
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 $749 to $4,600 with an average monthly rent of $2,346.
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 $1,600 to $3,900. Four Bedroom Single-Family rentals are also available starting from $749 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.
Helpful Local Expert Guides
Finding Your Place in Madison: Neighborhoods Close to the Citys Biggest Jobs
Written by: Mike Heuer
Madison, Wisconsin, is three communities in one. It is a college town that is home to the flagship university in the University of Wisconsin system.
An Insider's 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.
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.
The Expert's 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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.