Cheap Apartments for Rent in the Lake Edge Neighborhood of Madison, WI from $600 (52 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lake Edge area of Madison.

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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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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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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Algoma Apartments
Studio to 2 Bedroom Apartments

Algoma Apartments

404 Algoma StMadison, WI 53704
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Eastpointe
1 to 3 Bedroom Apartments

Eastpointe

309 Clyde Gallagher AveMadison, WI 53714
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Fair Oaks Apartments
Studio Apartments

Fair Oaks Apartments

3324 Milwaukee StMadison, WI 53714
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The Andre Apartments
1 to 3 Bedroom Apartments

The Andre Apartments

2350 Winnebago StMadison, WI 53704
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Fusion at 841
Studio to 1 Bedroom Apartments

Fusion at 841

841 Jupiter DrMadison, WI 53718
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Dutch Mill Homes
1 to 3 Bedroom Apartments

Dutch Mill Homes

4702 Dutch Mill RdMadison, WI 53716

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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2012 Winnebago St
Studio to 2 Bedroom Apartments

2012 Winnebago St

2012 Winnebago StMadison, WI 53704
  • Utilities Included

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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Lake Edge, Madison, WI Local Guide

Cheapest Available Lake Edge Apartments for Rent

 

The cheapest available apartment rental in the Lake Edge area of Madison, WI is a 2 Beds unit found at Broadway Lofts and Townhomes priced from $784. Lake Point Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $988. Here are the most affordable Lake Edge apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Broadway Lofts and Townhomes2x22BR,2BA$784
Lake Point TerraceReef1BR,1BA$988
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1,045
The Grove ApartmentsOne Bedroom - Income Restricted - 60%1BR,1BA$1,063
Pirate Island Apartments600- 1br1BR,1BA$1,100
Colonial Apartments1 Br1BR,1BA$1,120
Lake Point Drive Apartments2 Bed/ 1 Bath2BR,1BA$1,175
The Meadows Apartments1b/1b-r1BR,1BA$1,205
The Life at Madison Grove1 BED 1 BATH1BR,1BA$1,225

Best Value Apartments for Rent in Lake Edge, WI

As of December 17, 2025 the best value apartment in the Lake Edge 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 Lake Edge apartment is the 2B/1.5bath Model at Glendale Townhomes starting at $1,785 with a $1.19 price per square foot in the Pflaum Road neighborhood. Here is today’s list of the best values for Lake Edge 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
Glendale Townhomes2B/1.5bath2BR,2BA$1.19
Carbon at Union Corners3x2 Income restricted3BR,2BA$1.41
10-63 Sinykin CirThompson 2nd Floor2BR,2BA$1.40
The RoyalA3 Floor Plan (60LMI Income Restricted)2BR,2BA$1.41
Colonial Apartments1 Br1BR,1BA$1.18
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1.16
Lake Point Drive Apartments2 Bed/ 1 Bath2BR,1BA$1.38
Pirate Island ApartmentsWaterside 1br1BR,1BA$1.42
Lake Point TerraceReef1BR,1BA$1.41

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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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
Lake Edge, Madison, WI

Ranked #29

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Lake Edge, Madison, WI

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers works hard to bring you Lifestyle Ratings of rentals in cities across the United States, including Madison. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, transit availability, pet-friendly communities, features that make it easier to raise kids, and much more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Lake Edge Apartments

What is a cheap apartment in Lake Edge?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Edge is under $1,225.

What is the price of a cheap apartment in Lake Edge?

The cheapest apartment in Lake Edge is Lake Point Terrace which is listed at $987, while the average apartment in Lake Edge costs $2,715.

What types of apartments are the cheapest in Lake Edge?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 29 regular apartments in Lake Edge that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lake Edge?

Cheap apartments in Lake Edge have an average cost of $341 which is $2,374 cheaper than the average rent for all rentals in Lake Edge.

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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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!