Cheap Apartments for Rent in the Nakoma Neighborhood of Madison, WI from $500 (189 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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1219 Regent St
$875 - $3,600
Total Monthly Price

Total Monthly Price

Base Rent
$875 - $3,600
Total Monthly Price
$875 - $3,600
4 Bedroom Apartment Available Aug 15

1219 Regent St

1219 Regent StMadison, WI 53715
Furnished
  • Smoke Free
property at 1106 Woodland Way

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

1 Bedroom, 1 Bath Townhome for Rent

Available Now

1106 Woodland Way, Unit 2, Unit 2

1106 Woodland Way
MadisonWI53711

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Vicino Madison
$1,061 - $2,375
Total Monthly Price

Total Monthly Price

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$1,061 - $2,375
Total Monthly Price
$1,061 - $2,375
Studio to 2 Bedroom Apartments Available May 1

Vicino Madison

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

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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
  • Verified
  • Customer Reviewed
  • Utilities Included

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Showing Results 1-50, Page 1 of 4

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 The Heights priced from $641. Humbucker Apartments has the second lowest priced unit, which is a 4 Beds apartment currently listed from $799. Here are the most affordable Nakoma apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
The Heights1 BED 1 BA - Income Restricted 30%1BR,1BA$641
Humbucker Apartments4x2-12254BR,2BA$799
1301 Spring StStudio Sublet 5/1-8/13Studio,1BA$845
Allen House Apartments0x1-390Studio,1BA$1,071
Valley View ApartmentsHickoryStudio,1BA$1,095
Chalet Gardens Apartments1 Bedroom 'C'1BR,1BA$1,099
Chapel Hill ApartmentsStudioStudio,1BA$1,100
Maple Lawn Apartments1 Bedroom, 1 Bath1BR,1BA$1,110
Oak Ridge at University Park Senior ApartmentsB11BR,1BA$1,119
Arbor Arms Apartments1 Bed Arborville1BR,1BA$1,150

Best Value Apartments for Rent in Nakoma, WI

As of April 16, 2026 the best value apartment in the Nakoma area is the $1.34 price per square foot The Elm Model at Preserve West in the in the Far West Side neighborhood starting from $2,305. The second greatest value Nakoma apartment is the 2 Bedroom Model at Whitcomb Square Senior Apartment Homes (55+) starting at $1,200 with a $0.80 price per square foot in the Dudgeon-Monroe 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 Elm3BR,2BA$1.34
Whitcomb Square Senior Apartment Homes (55+)2 Bedroom2BR,2BA$0.80
Highland RidgeG1BR,2BA$1.44
River Bend Apartments at the ArboretumWhite Pine2BR,1BA$1.45
1917 Pike Dr, Unit 11917 Pike Dr2BR,1BA$1.33
4510 Thurston Ln2Bed/1Bath2BR,1BA$1.44
Haven Park Apartments2BR/1.0BA2BR,1BA$1.56
Fairwood Arms Apartments2 Beds, 1 bath2BR,1BA$1.47
Heritage Circle Apartments2 Bedroom2BR,1BA$1.56
Oak Ridge at University Park Senior ApartmentsB11BR,1BA$1.44

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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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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 $1,150.

What is the price of a cheap apartment in Nakoma?

The cheapest apartment in Nakoma is The Heights which is listed at $641, 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

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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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Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Renting your next home can feel thrilling and overwhelming at the same time.