Cheap Apartments for Rent in the Lake Edge Neighborhood of Madison, WI from $600 (64 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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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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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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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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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
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2012 Winnebago St
Studio to 2 Bedroom Apartments

2012 Winnebago St

2012 Winnebago StMadison, WI 53704
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Royster Commons
1 to 2 Bedroom Apartments

Royster Commons

523 Grand Oak TrlMadison, WI 53714
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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.

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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 Pirate Island Apartments priced from $1,020. Executive East Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,045. Here are the most affordable Lake Edge apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Pirate Island ApartmentsStudioStudio,1BA$1,020
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1,045
Colonial Apartments1 Br1BR,1BA$1,120
The Grove ApartmentsIncome Restricted - One-Bed - 50%1BR,1BA$1,131
Lake Point TerraceReef1BR,1BA$1,156
Broadway Lofts and Townhomes1x1-V1BR,1BA$1,164
Lake Point Drive Apartments2 Bed/ 1 Bath2BR,1BA$1,175
The Life at Madison Grove3 BED 2 BATH3BR,2BA$1,200
Pinney LaneB Floor Plan (60LMI Income Restricted)1BR,1BA$1,235

Best Value Apartments for Rent in Lake Edge, WI

As of January 31, 2026 the best value apartment in the Lake Edge area is the $0.78 price per square foot 5910 Monona Dr Model at 5910 Monona Dr, Unit Monona Apt in the in the Pflaum Road neighborhood starting from $1,955. The second greatest value Lake Edge apartment is the 9 Obrien Ct Model at 9 Obrien Ct, Unit 09 O’Brien starting at $2,295 with a $0.96 price per square foot in the 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.
5910 Monona Dr, Unit Monona Apt5910 Monona Dr2BR,2BA$0.78
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
The RoyalA3 Floor Plan (60LMI Income Restricted)2BR,2BA$1.41
The Life at Madison Grove3 BED 2 BATH3BR,2BA$1.20
Colonial Apartments1 Br1BR,1BA$1.18
Lake Point TerraceLighthouse2BR,1.5BA$1.31
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1.16
Lake Point Drive Apartments2 Bed/ 1 Bath2BR,1BA$1.38

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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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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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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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 #28

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 $1,235.

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

The cheapest apartment in Lake Edge is Executive East Apartments which is listed at $1,045, while the average apartment in Lake Edge costs $2,277.

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 20 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 $358 which is $1,919 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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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.

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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.

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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.