
Cheap Homes for Rent in Lake Edge Neighborhood of Madison, WI from $1,200 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Lake Edge area of Madison.


131 N Fair Oaks Ave

107 Rethke Ave

1975 E Washington Ave
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.

4603 Martha Ln

4015 Claire St

2087 Winnebago St, Unit 3

243 Tyler Cir
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.
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 | $1,415 | $1,200 | $2,000 |
| Lake Edge 3 Bedroom Homes for Rent | $2,300 | $2,100 | $2,400 |
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 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 |
Best Value Apartments for Rent in Lake Edge, WI
As of April 30, 2026 the best value apartment in the Lake Edge area is the $0.96 price per square foot 9 Obrien Ct Model at 9 Obrien Ct, Unit 09 O’Brien in the in the East Side neighborhood starting from $2,295. The second greatest value Lake Edge apartment is the D1 Model at Jupiter Crossing starting at $1,800 with a $1.33 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. |
|---|---|---|---|
| 9 Obrien Ct, Unit 09 O’Brien | 9 Obrien Ct | 4BR,1.5BA | $0.96 |
| Jupiter Crossing | D1 | 2BR,2BA | $1.33 |
| Carbon at Union Corners | 3x2 Income restricted | 3BR,2BA | $1.41 |
| Lion's Gate at Grandview | #101-201-301 | 2BR,1BA | $1.45 |
| The Royal | A3 Floor Plan (80LMI Income Restricted) | 2BR,2BA | $1.55 |
| Stonewood Village | sv2brlow | 2BR,1BA | $1.52 |
| Riverwood Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.44 |
| Colonial Apartments | 1 Br | 1BR,1BA | $1.15 |
| The Life at Madison Grove | 2 BED 1 BATH | 2BR,1BA | $1.18 |
| Mardelle Apartments | 5 | 1BR,1BA | $1.38 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article10 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 #35
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 145 Apartments for Rent in Lake Edge, WI with pricing that ranges from $1,020 to $4,500. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Edge ranging from $1,200 to $2,400.
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 $1,200 to $2,400 with an average monthly rent of $1,888.
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 Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.