Cheap Apartments for Rent in the Lake Edge Neighborhood of Madison, WI from $600 (76 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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Carbon
$771 - $1,943
Total Monthly Price

Total Monthly Price

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$771 - $1,943
Total Monthly Price
$771 - $1,943
1 to 3 Bedroom Apartments Available Now

Carbon

2418 Winnebago StMadison, WI 53704
Pet Friendly
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  • Utilities Included
  • Low Income
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21 Farwell St
$995 - $1,495
Total Monthly Price

Total Monthly Price

Base Rent
$995 - $1,495
Total Monthly Price
$995 - $1,495
1 to 2 Bedroom Apartment Available Jul 1

21 Farwell St

21 Farwell StMadison, WI 53704
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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2111 E. Dayton St., Unit 1
$1,285
Total Monthly Price

Total Monthly Price

Base Rent
$1,285
Total Monthly Price
$1,285
1 Bedroom Apartment Available Sep 1

2111 E. Dayton St., Unit 1

2111 E. Dayton St.Madison, WI 53704
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Riverwood Apartments
$1,295 - $1,495
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$1,295 - $1,495
Total Monthly Price
$1,295 - $1,495
2 Bedroom Apartments Available Now

Riverwood Apartments

6417-6431 Bridge RdMadison, WI 53713
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Garver Point
Rent Specials
$1,300 - $2,640
Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $2,640
Total Monthly Price
$1,300 - $2,640
Studio to 2 Bedroom Apartments Available Now

Garver Point

171 S Fair OaksMadison, WI 53704
Transit Friendly
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  • Smoke Free

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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Nexus at Union Corners
$1,350 - $3,005
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$1,350 - $3,005
Total Monthly Price
$1,350 - $3,005
Studio to 3 Bedroom Apartments Available Now

Nexus at Union Corners

2521 East Washington AveMadison, WI 53704
Transit Friendly
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  • 3D Tour

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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The Fitzgerald
$1,495 - $3,640
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Total Monthly Price

Base Rent
$1,495 - $3,640
Total Monthly Price
$1,495 - $3,640
Studio to 2 Bedroom Apartments Available Now

The Fitzgerald

3914 Monona DrMadison, WI 53716
Corporate Housing
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  • Utilities Included
property at 228 Swanton Rd

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

2 Bedroom, 1.5 Bath Condo for Rent

Available Jun 21

228 Swanton Rd, Unit 228 Swanton Rd

228 Swanton Rd
MadisonWI53714

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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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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Dutch Mill Homes
1 to 3 Bedroom Apartments

Dutch Mill Homes

4702 Dutch Mill RdMadison, WI 53716

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.

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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 Studio unit found at Lion's Gate at Grandview priced from $895. Colonial Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $990. Here are the most affordable Lake Edge apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Lion's Gate at GrandviewEFF/StudioStudio,1BA$895
Colonial ApartmentsStudioStudio,1BA$990
Pirate Island ApartmentsStudioStudio,1BA$1,000
The Life at Madison Grove2 BED 1 BATH2BR,1BA$1,000
Lake Point TerraceOne Bed One Bath1BR,1BA$1,086
Lake Point Apartments2 Bed 1 Bath2BR,1BA$1,099
600 Femrite Dr1 Bedroom1BR,1BA$1,100
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1,145
Monona LakeviewImperial StudioStudio,1BA$1,150
Glendale Townhomes1BR/1BA1BR,1BA$1,160

Best Value Apartments for Rent in Lake Edge, WI

As of June 18, 2026 the best value apartment in the Lake Edge area is the $1.10 price per square foot 5910 Monona Dr Model at 5910 Monona Dr, Unit Monona Apt in the in the Pflaum Road neighborhood starting from $2,195. The second greatest value Lake Edge apartment is the F Floor Plan (60LMI Income Restricted) Model at The Royal starting at $1,450 with a $1.29 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.
5910 Monona Dr, Unit Monona Apt5910 Monona Dr2BR,2BA$1.10
The RoyalF Floor Plan (60LMI Income Restricted)2BR,2BA$1.29
149 Leon St, Unit 1149 Leon St2BR,1BA$1.41
Stonewood Villagesv2brup2BR,1BA$1.45
Riverwood Apartments2BR/2.0BA2BR,2BA$1.45
3401 Dawes St2bed1bath2BR,1BA$1.53
Aurora Pointe Apartments1BR/1.0BA1BR,1BA$1.51
5800 Bjelde Ln#81BR,1BA$1.29
The Life at Madison Grove2 BED 1 BATH2BR,1BA$1.18
Lake Point TerraceOne Bed One Bath1BR,1BA$1.55

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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Real 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.

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Pet Friendly Lifestyle
Lake Edge, Madison, WI

Ranked #33

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 $1,160.

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 $1,086, while the average apartment in Lake Edge costs $1,995.

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 39 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 $453 which is $1,542 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.

Helpful Local Expert Guides

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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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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.

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An Insiders Guide to 6 Reasons Why Locals Love Renting in Madison, Wisconsin

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Madison is Wisconsin’s capital city and its second-largest city, with a population of more than 260,000.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.