Cheap Apartments for Rent in the Nakoma Neighborhood of Madison, WI from $500 (106 Rentals)

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

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Humbucker Apartments
Rent Specials
$799 - $3,699
Total Monthly Price

Total Monthly Price

Base Rent
$799 - $3,699

Total Monthly Price
$799 - $3,699
1 to 4 Bedroom Apartments Available Now

Humbucker Apartments

1216 Spring StMadison, WI 53715
Transit Friendly
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  • Customer Reviewed
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Vicino Madison
$1,061 - $2,997
Total Monthly Price

Total Monthly Price

Base Rent
$1,061 - $2,997

Total Monthly Price
$1,061 - $2,997
Studio to 2 Bedroom Apartments Available May 1

Vicino Madison

1235 Regent StMadison, WI 53715
Pet Friendly
  • Verified
  • Utilities Included
  • Low Income

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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Southview Apartments
$1,095 - $1,270
Total Monthly Price

Total Monthly Price

Base Rent
$1,091 - $1,266
Required Monthly Fees
$4

Total Monthly Price
$1,095 - $1,270
2 Bedroom Apartments Available Jun 14

Southview Apartments

1120-1120 Ann StMadison, WI 53713
Cost Per Sq.Ft.
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  • Customer Reviewed
  • 3D Tour

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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Arbor Hills
$1,199 - $1,629
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $1,629

Total Monthly Price
$1,199 - $1,629
1 to 2 Bedroom Apartments Available Now

Arbor Hills

2809 Curry PkwyMadison, WI 53713
Furnished
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  • Utilities Included

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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1309 Spring St
$1,299 - $1,589
Total Monthly Price

Total Monthly Price

Base Rent
$1,220 - $1,510
Required Monthly Fees
$79

Total Monthly Price
$1,299 - $1,589
2 Bedroom Apartments Available Now

1309 Spring St

1309-1315 Spring StMadison, WI 53715
Student Housing
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The Derby
$1,301 - $2,050
Total Monthly Price

Total Monthly Price

Base Rent
$1,236 - $1,985
Required Monthly Fees
$65

Total Monthly Price
$1,301 - $2,050
1 to 3 Bedroom Apartments Available Now

The Derby

4685 Atticus WayMadison, WI 53711
Affordability
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  • Low Income
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Midvale Heights Apartments
Rent Specials
$1,325 - $1,695
Total Monthly Price

Total Monthly Price

Base Rent
$1,325 - $1,695

Total Monthly Price
$1,325 - $1,695
1 to 2 Bedroom Apartments Available Jun 1

Midvale Heights Apartments

501 S Midvale BlvdMadison, WI 53711
Active Lifestyle
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Lexington Green
$1,350 - $2,200
Total Monthly Price

Total Monthly Price

Base Rent
$1,350 - $2,200

Total Monthly Price
$1,350 - $2,200
2 to 3 Bedroom Apartments Available Now

Lexington Green

10-28 Heritage CirMadison, WI 53711
Cost Per Sq.Ft.
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  • Customer Reviewed
  • Utilities Included

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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45 N Orchard St
Studio to 1 Bedroom Apartments

45 N Orchard St

45 N Orchard StMadison, WI 53715
  • Utilities Included
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Randall Park Rentals
Studio to 1 Bedroom Apartments

Randall Park Rentals

1308 Spring StMadison, WI 53715
Student Housing
  • Utilities Included
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Otto's House
Studio to 1 Bedroom Apartments

Otto's House

2554 Kendall AveMadison, WI 53705
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5718 Balsam Rd
2 Bedroom Apartments

5718 Balsam Rd

5718 Balsam RdMadison, WI 53711
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Randall Station
1 to 5 Bedroom Apartments

Randall Station

20 N Orchard StMadison, WI 53715
Student Housing
  • Utilities Included
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1019 Milton St
1 Bedroom Apartments

1019 Milton St

1019 Milton StMadison, WI 53715
  • Utilities Included
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Zurich Haus
Studio to 1 Bedroom Apartments

Zurich Haus

2211 Carling DrMadison, WI 53711
  • Utilities Included

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.

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 Studio unit found at 1301 Spring St priced from $845. LIBERTY VALLEY APARTMENTS has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. Here are the most affordable Nakoma apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
1301 Spring StStudio Sublet 5/1-8/13Studio,1BA$845
LIBERTY VALLEY APARTMENTS1009 - 1 Bed/ 1 Bath1BR,1BA$1,050
Allen House Apartments0x1-390Studio,1BA$1,071
University BayStudioStudio,1BA$1,079
Tailor PlaceF WHEDA (Corner) (50LMI Income Restricted)1BR,1BA$1,090
Chapel Hill ApartmentsStudioStudio,1BA$1,100
Bristol ArmsOxford1BR,1BA$1,141
Arbor Arms Apartments1 Bed Arborville1BR,1BA$1,150
New FountainsThe Buckingham1BR,1BA$1,155
Casa BlancaStudio AStudio,1BA$1,159

Best Value Apartments for Rent in Nakoma, WI

As of March 01, 2026 the best value apartment in the Nakoma area is the $1.20 price per square foot The Ironwood Model at Preserve West in the in the Far West Side neighborhood starting from $2,125. The second greatest value Nakoma apartment is the 2BR/2.0BA Model at Wingra West starting at $2,500 with a $1.43 price per square foot in the Downtown Madison 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.
Preserve WestThe Ironwood3BR,2BA$1.20
Wingra West2BR/2.0BA2BR,2BA$1.43
Whitcomb Square Senior Apartment Homes (55+)2 Bedroom2BR,2BA$0.90
STONECREST APARTMENTS3 Bedroom 2 Bath3BR,2BA$1.40
University Park CommonsJ12BR,2BA$1.49
The Heights2BED 2BA (60%)2BR,2BA$1.48
Guilford Apartments3 Bedroom/ 1.5 Bathroom3BR,1BA$1.48
River Bend Apartments at the ArboretumWhite Pine2BR,1BA$1.45
Haven Park Apartments2BR/1.0BA2BR,1BA$1.45
1305 Jewel Ct, Unit 11305 Jewel Ct2BR,1BA$1.49

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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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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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 $1,159.

What is the price of a cheap apartment in Nakoma?

The cheapest apartment in Nakoma is LIBERTY VALLEY APARTMENTS which is listed at $1,050, 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 28 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 $234 which is $5,161 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

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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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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.

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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.