Cheap Apartments for Rent in the Lake Edge Neighborhood of Madison, WI from $600 (44 Rentals)

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

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Madison's Best Affordable Neighborhoods

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Algoma Apartments
Studio to 2 Bedroom Apartments

Algoma Apartments

404 Algoma StMadison, WI 53704
  • Utilities Included
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Eastpointe
3 Bedroom Apartments

Eastpointe

309 Clyde Gallagher AveMadison, WI 53714
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Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Fair Oaks Apartments
Studio Apartments

Fair Oaks Apartments

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

The André Apartments

2350 Winnebago StMadison, WI 53704
  • Utilities Included

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600 Femrite Dr
1 Bedroom Apartments

600 Femrite Dr

600 Femrite DrMonona, WI 53716
  • Utilities Included
Showing Results 1-44, Page 1 of 1

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 1 Bed unit found at The Life at Madison Grove priced from $925. Pirate Island Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $975. Here are the most affordable Lake Edge apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
The Life at Madison Grove1 BED 1 BATH1BR,1BA$925
Pirate Island ApartmentsStudioStudio,1BA$975
Colonial Apartments1 Br1BR,1BA$1,015
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1,045
Lake Point TerraceReef1BR,1BA$1,050
Mardelle Apartments1 Bdrm.1BR,1BA$1,075
The Grove ApartmentsIncome Restricted - One Bed - 50%1BR,1BA$1,133
Monona LakeviewImperial StudioStudio,1BA$1,150
The Meadows1b/1b-r1BR,1BA$1,205
Dutch Mill Homes3 Bedroom3BR,2BA$1,250

Best Value Apartments for Rent in Lake Edge, WI

As of June 06, 2025 the best value apartment in the Lake Edge area is the $1.20 price per square foot 2B/2Bath Model at Glendale Townhomes in the in the Pflaum Road neighborhood starting from $1,795. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Glendale Townhomes2B/2Bath2BR,1.5BA$1.20
Carbon at Union Corners3x2 Income restricted3BR,2BA$1.41
Stonewood Villagesv2brlow2BR,1BA$1.52
The Life at Madison Grove3 BED 2 BATH3BR,2BA$1.50
Dutch Mill Homes3 Bedroom3BR,2BA$1.39
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1.16
Monona Shores Apartments2BR/1BA2BR,1BA$1.46
Mardelle Apartments1 Bdrm.1BR,1BA$1.26
Colonial Apartments1 Br1BR,1BA$1.27
Lake Point TerraceReef1BR,1BA$1.50

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Pet Friendly Lifestyle
Lake Edge, Madison, WI

Ranked #34

Among neighborhoods in Madison, WI 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 $1,250.

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

The cheapest apartment in Lake Edge is The Life at Madison Grove which is listed at $925, while the average apartment in Lake Edge costs $2,305.

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 11 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 $207 which is $2,098 cheaper than the average rent for all rentals in Lake Edge.

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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

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