Cheap Apartments for Rent in the Nakoma Neighborhood of Madison, WI from $693 (204 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Nakoma area of Madison.

property at 1203 Chandler St

$799

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Total Monthly Price

Base Rent
$799
Total Monthly Price
$799

4 Bedroom, 1 Bath Townhome for Rent

Available Dec 11

1203 Chandler St, Unit 4 bedrooms

1203 Chandler St
MadisonWI53715

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Arbor Hills
$1,199 - $1,699
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Total Monthly Price

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$1,199 - $1,699
Total Monthly Price
$1,199 - $1,699
1 to 2 Bedroom Apartments Contact Us For Availability

Arbor Hills

2809 Curry PkwyMadison, WI 53713
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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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Whitney Point
Rent Specials
$1,395 - $2,095
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Total Monthly Price

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$1,395 - $2,095
Total Monthly Price
$1,395 - $2,095
1 to 2 Bedroom Apartments Available Now

Whitney Point

5414 Mineral Point RdMadison, WI 53705
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Whitcomb Square
$1,425 - $1,525
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$1,425 - $1,525
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$1,425 - $1,525
2 Bedroom Apartments Available Now

Whitcomb Square

4934 Whitcomb DrMadison, WI 53711
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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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Nakoma, Madison, WI Local Guide

Cheapest Available Nakoma Apartments for Rent

 

The cheapest available apartment rental in the Nakoma area of Madison, WI is a 1 Bed unit found at Humbucker Apartments priced from $799. 1301 Spring St has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here are the most affordable Nakoma apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Humbucker Apartments1BR/2.0BA1BR,2BA$799
1301 Spring StStudioStudio,1BA$925
Liberty Valley Apartments1009 - 1 Bed / 1 Bath1BR,1BA$925
University BayUpdated StudioStudio,1BA$949
2009-2011 University Ave1BR/2.0BA1BR,2BA$949
Park Terrace West1BR/1.0BA1BR,1BA$965
Allen House Apartments0x1-361Studio,1BA$995
Chalet Gardens ApartmentsEfficiency 'B' W/DStudio,1BA$999
1314 Spring St2BR/1.0BA2BR,1BA$999
1315 Spring St1BR/1.0BA1BR,1BA$999

Best Value Apartments for Rent in Nakoma, WI

As of August 30, 2026 the best value apartment in the Nakoma area is the $1.35 price per square foot 315 Palomino Ln Model at 315 Palomino Ln, Unit 1 in the in the Near West Side neighborhood starting from $2,700. The second greatest value Nakoma apartment is the The Elm Model at Preserve West starting at $2,140 with a $1.24 price per square foot in the Far West Side neighborhood. Here is today’s list of the best values for Nakoma apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
315 Palomino Ln, Unit 1315 Palomino Ln3BR,1BA$1.35
Preserve WestThe Elm3BR,2BA$1.24
2009-2011 University Ave1BR/2.0BA1BR,2BA$0.67
Whitcomb Square Senior Apartment Homes (55+)2 Bedroom2BR,2BA$0.92
The Badger Den Apartments on Kendall1806/1808 Kendall Ave2BR,1BA$1.25
5706 Russett Rd, Unit Madison West5706 Russett Rd2BR,1BA$1.16
Fiedler Apartments2 Bed 1.5 Bath Townhome2BR,1.5BA$1.39
65 Sunfish Ct2BR/1.0BA2BR,1BA$1.12
Southview Apartments2 Bed 1 Bath2BR,1BA$1.39
1314 Spring St1BR/1.0BA1BR,1BA$1.30

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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Nakoma, Madison, WI

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Wisconsin and customized analysis for Southwest Central Madison. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, transit availability, pet-friendly communities, places that make kids happy, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

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 $999.

What is the price of a cheap apartment in Nakoma?

The cheapest apartment in Nakoma is Humbucker Apartments which is listed at $799, while the average apartment in Nakoma costs $1,675.

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 51 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 $326 which is $1,349 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.

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