
Cheap 2 Bedroom Apartments for Rent in the Nakoma Neighborhood of Madison, WI from $796 (114 Rentals)


Southview Apartments

Liberty Valley Apartments

Whitcomb Square Senior Apartment Homes (55+)

Petra Apartments

Meadowood Apartments

Heritage Circle Apartments

Fairwood Arms Apartments

Gardens on Hillcrest

924 Drake St
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.

4337 Britta Dr

2605 University Ave

Catalpa Crossing Apartments

Tailor Place

Bristol Arms

The Derby

Total Monthly Price
Vicino Madison

2241 Luann Ln, Unit Unit 1

New Fountains

Total Monthly Price
Arbor Hills
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.

Preserve West

River Bend Apartments at the Arboretum

Arbor Arms Apartments

Oak Tree Apartments

Hatchery Haven

Total Monthly Price
1939 University Ave, Unit #1, Unit #1

Chapel Hill Apartments

Total Monthly Price
513 N Midvale Blvd, Unit #2, Unit #2

913 High St

411 Paunack Pl
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.

Lamplighter

Total Monthly Price
605 N Midvale Blvd

501 N Midvale Blvd, Unit C, Unit C

Total Monthly Price
613 N Midvale Blvd, Unit 613 #1, Unit 613 #1

The Monticello

Total Monthly Price
409 Palomino Ln, Unit 1N, Unit 1N

Fitchburg Springs

Nakoma Commons

1309 Spring St

Total Monthly Price
Midvale Heights
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.

The Heights

922 High St, Unit 1

Total Monthly Price
2917 Todd Dr, Unit # 4, Unit # 4

Total Monthly Price
401 Palomino Ln, Unit 2S, Unit 2S

Royal Arms Apartments

3311 Harvey St, Unit 3311 C

Parkside

926 High St, Unit 3

3319 Harvey St, Unit 3319-F

3319 Harvey St, Unit 3319-E
Madison's Best Affordable Neighborhoods
Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer
Nakoma, Madison, WI Local Guide

How much does it cost to rent an apartment in Nakoma?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Nakoma Studio Apartments | $1,384 | $845 | $1,775 |
| Nakoma 1 Bedroom Apartments | $1,591 | $641 | $4,410 |
Nakoma 2 Bedroom Apartments | $1,929 | $796 | $5,255 |
| Nakoma 3 Bedroom Apartments | $2,358 | $799 | $5,125 |
| Nakoma 4 Bedroom Apartments | $2,166 | $799 | $4,695 |
Explore Madison
Nakoma, Madison, WI Local Guide
- Nearby Madison neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
10 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.
Best Local Schools in Nakoma, Madison, WI
Cherokee Heights Middle
School data provided by Great Schools
Frequently Asked Questions about Cheap Nakoma Apartments
What is a cheap apartment in Nakoma?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Nakoma is under $1,150.
What is the price of a cheap apartment in Nakoma?
The cheapest apartment in Nakoma is Whitcomb Square Senior Apartment Homes (55+) which is listed at $1,200, while the average apartment in Nakoma costs $5,395.
What types of apartments are the cheapest in Nakoma?
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 32 regular apartments in Nakoma 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 Nakoma?
Cheap apartments in Nakoma have an average cost of $353 which is $5,042 cheaper than the average rent for all rentals in Nakoma.
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.

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.