
Cheap Apartments for Rent in the Lake Edge Neighborhood of Madison, WI from $600 (61 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Edge area of Madison.


Ella

The Ace Apartments

The Grove Apartments

Glendale Townhomes

The Meadows

Lake Point Drive Apartments

5326 Hoboken Rd

Pinney Lane

Hercules Trail
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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3226 Milwaukee St, Unit 2

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Carbon at Union Corners

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112 E Dean Ave, Unit 1

Monona Shores Apartments

apollo 502

The Royal

Grand Park

North Star Apartments

Fair Oaks

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Nexus at Union Corners
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.

Apartments of Riverwood, LLC

The Hudson

4005-4007 Claire St

Harmony at Grandview Commons

Aurora Pointe Apartments

Lake Point Apartments

Metro View Apartments

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Garver Point

Starkweather Place

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Cornerstone
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.

Stonewood Village Apartments

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The Fitzgerald

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2009 Carey Ct, Unit 2

Algoma Apartments

Madison Williamstown Bay East

Eastpointe

Fair Oaks Apartments

The Life at Madison Grove

The Andre Apartments

Generations at Union Corners
Madison's Best Affordable Neighborhoods
Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer

Dutch Mill Homes

2012 Winnebago St

Royster Commons

Fusion at 841

Asana Apartments

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Pirate Island Apartments

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Colonial Apartments

Executive East Apartments

Monona Lakeview

Fairway Glen Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Lake Edge, Madison, WI Local Guide

How much does it cost to rent an apartment in Lake Edge?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Edge Studio Apartments | $1,493 | $1,020 | $2,200 |
| Lake Edge 1 Bedroom Apartments | $1,667 | $1,090 | $3,285 |
| Lake Edge 2 Bedroom Apartments | $1,956 | $1,175 | $3,640 |
| Lake Edge 3 Bedroom Apartments | $2,613 | $1,470 | $4,500 |
| Lake Edge 4 Bedroom Apartments | $2,125 | $2,125 | $2,125 |
Browse Apartments in this Neighborhood
There are currently 61 rentals with your search options within a 2 mile radius of the Lake Edge Neighborhood of Madison, WI.
See all Apartments in MadisonExplore Madison
Lake Edge, Madison, WI Local Guide
- Nearby Madison neighborhoods
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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 The Life at Madison Grove priced from $1,000. Pirate Island Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,020. Here are the most affordable Lake Edge apartments for rent in Madison, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Life at Madison Grove | 2 BED 1 BATH | 2BR,1BA | $1,000 |
| Pirate Island Apartments | Studio | Studio,1BA | $1,020 |
| Colonial Apartments | 1 Br | 1BR,1BA | $1,090 |
| Lake Point Terrace | Reef | 1BR,1BA | $1,128 |
| The Grove Apartments | Income Restricted - One-Bed - 50% | 1BR,1BA | $1,131 |
| Executive East Apartments | 1 Bedroom/1 Bathroom | 1BR,1BA | $1,145 |
| Glendale Townhomes | 1BR/1BA | 1BR,1BA | $1,160 |
| The Meadows | 1b/1b-r | 1BR,1BA | $1,165 |
| Fairway Glen Apartments | A2 | Studio,1BA | $1,165 |
| Lake Point Drive Apartments | 2 Bed/ 1 Bath | 2BR,1BA | $1,175 |
Best Value Apartments for Rent in Lake Edge, WI
As of March 19, 2026 the best value apartment in the Lake Edge area is the $1.44 price per square foot 3x2 Model at The Andre Apartments in the in the Near East Side neighborhood starting from $1,860. The second greatest value Lake Edge apartment is the 3x2 Income restricted Model at Carbon at Union Corners starting at $1,811 with a $1.41 price per square foot in the Near East Side neighborhood. Here is today’s list of the best values for Lake Edge apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Andre Apartments | 3x2 | 3BR,2BA | $1.44 |
| Carbon at Union Corners | 3x2 Income restricted | 3BR,2BA | $1.41 |
| Infinity | K2 | 1BR,1BA | $1.42 |
| Lion's Gate at Grandview | #101-201-301 | 2BR,2BA | $1.45 |
| Jupiter Crossing | M | 2BR,2BA | $1.51 |
| Stonewood Village Apartments | sv2brup | 2BR,1BA | $1.49 |
| Colonial Apartments | 1 Br | 1BR,1BA | $1.15 |
| Mardelle Apartments | 2 Bdrm | 2BR,1BA | $1.26 |
| Aurora Pointe Apartments | 1BR/1.0BA | 1BR,1BA | $1.51 |
| Lake Point Drive Apartments | 2 Bed/ 1 Bath | 2BR,1BA | $1.38 |
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.
Read ArticleLakeshore 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.
Read ArticleQuick 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.
Pet Friendly LifestyleLake Edge, Madison, WI
Ranked #28
Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 $1,175.
What is the price of a cheap apartment in Lake Edge?
The cheapest apartment in Lake Edge is Colonial Apartments which is listed at $1,090, while the average apartment in Lake Edge costs $2,325.
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 31 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 $434 which is $1,891 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

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.