
Cheap Homes for Rent in Lake Edge Neighborhood of Madison, WI from $1,800 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Lake Edge area of Madison.


2109 Lake Point Dr

2113 Lake Point Dr

5326 Hoboken Rd
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.

3130 James St

3621 Dennett Dr

2645 Milwaukee St

2025 Jenifer St
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.
Lake Edge, Madison, WI Local Guide

How much does it cost to rent a home in Lake Edge?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Edge 2 Bedroom Homes for Rent | $1,899 | $1,899 | $1,900 |
| Lake Edge 3 Bedroom Homes for Rent | $2,636 | $1,900 | $3,000 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Lake Edge Neighborhood of Madison, WI.
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Lake Edge, Madison, WI Local Guide
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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 Broadway Lofts and Townhomes priced from $784. 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 |
|---|---|---|---|
| Broadway Lofts and Townhomes | 2x2 | 2BR,2BA | $784 |
| Pirate Island Apartments | Studio | Studio,1BA | $1,020 |
| Executive East Apartments | 1 Bedroom/1 Bathroom | 1BR,1BA | $1,045 |
Best Value Apartments for Rent in Lake Edge, WI
As of January 16, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 5910 Monona Dr, Unit Monona Apt | 5910 Monona Dr | 2BR,2BA | $0.78 |
| 9 Obrien Ct, Unit 09 O’Brien | 9 Obrien Ct | 4BR,1.5BA | $0.96 |
| Glendale Townhomes | 2B/1.5bath | 2BR,2BA | $1.19 |
| Carbon at Union Corners | 3x2 Income restricted | 3BR,2BA | $1.41 |
| Lion's Gate at Grandview | #101-201-301 | 2BR,2BA | $1.45 |
| The Royal | A3 Floor Plan (60LMI Income Restricted) | 2BR,2BA | $1.41 |
| Lake Point Terrace | Windjammer | 2BR,1BA | $1.36 |
| Colonial Apartments | 1 Br | 1BR,1BA | $1.18 |
| Executive East Apartments | 1 Bedroom/1 Bathroom | 1BR,1BA | $1.16 |
| Lake Point Drive Apartments | 2 Bed/ 1 Bath | 2BR,1BA | $1.38 |
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.
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 #29
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
Frequently Asked Questions about Lake Edge
What type of rentals are currently available in Lake Edge?
There are currently 144 Apartments for Rent in Lake Edge, WI with pricing that ranges from $1,020 to $4,500. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Edge ranging from $1,899 to $3,000.
What is the current price range for Rental Homes in Lake Edge?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Edge ranges from $1,899 to $3,000 with an average monthly rent of $2,267.
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.

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.

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.

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.