Cheap Apartments for Rent in the Nakoma Neighborhood of Madison, WI from $600 (114 Rentals)

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

property at 936 Drake St

$615 - $795

Total Monthly Price

Total Monthly Price

Base Rent
$615 - $795
Total Monthly Price
$615 - $795

1 Bedroom, 2.5 Bath Townhome for Rent

Available Now

936 Drake St

MadisonWI53715
property at 1205 Chandler St

$799 - $2,649

Total Monthly Price

Total Monthly Price

Base Rent
$799 - $2,649
Total Monthly Price
$799 - $2,649

1 To 4 Bedroom Townhomes for Rent

Available Aug 15

1205 Chandler St

MadisonWI53715
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 Jun 1

1106 Woodland Way, Unit 2

1106 Woodland Way
MadisonWI53711

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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.

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

Base Rent
$1,061 - $2,375
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$1,061 - $2,375
Studio to 2 Bedroom Apartments Available Now

Vicino Apartments

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

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$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

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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223 S Mills St, Unit 1N
$1,299
Total Monthly Price

Total Monthly Price

Base Rent
$1,299
Total Monthly Price
$1,299
Studio Apartment Available Aug 3

223 S Mills St, Unit 1N

223 S Mills StMadison, WI 53715
Affordability
  • Smoke Free

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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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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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

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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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 45 N Orchard St priced from $782. Liberty Valley Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here are the most affordable Nakoma apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
45 N Orchard St0x1-200Studio,1BA$782
Liberty Valley Apartments1009 - 1 Bed/ 1 Bath1BR,1BA$925
Vicino ApartmentsStyle F1Studio,1BA$1,061
Valley View ApartmentsJuneberryStudio,1BA$1,095
Allen House Apartments1x1-3271BR,1BA$1,124
University Park Commons1 Bed 50%1BR,1BA$1,155
ReNew High RidgeIsthmus1BR,1BA$1,159
Arbor Hills1-Bedroom Stand1BR,1BA$1,199
Whitcomb Square Senior Apartment Homes (55+)2 Bedroom2BR,2BA$1,200
Tawhee Meadows1Bedroom Loft - Spring 20261BR,1BA$1,200

Best Value Apartments for Rent in Nakoma, WI

As of May 31, 2026 the best value apartment in the Nakoma area is the $1.26 price per square foot The Spiraea Model at Preserve West in the in the Far West Side neighborhood starting from $1,710. The second greatest value Nakoma apartment is the 2 Bedroom Model at Whitcomb Square Senior Apartment Homes (55+) starting at $1,200 with a $0.92 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 Spiraea2BR,2BA$1.26
Whitcomb Square Senior Apartment Homes (55+)2 Bedroom2BR,2BA$0.92
Highland RidgeC2BR,2BA$1.55
River Bend Apartments at the ArboretumWhite Pine2BR,1BA$1.45
Royal Arms Apartments2BR/1.0BA2BR,1BA$1.66
4510 Thurston Ln2Bed/1Bath2BR,1BA$1.44
Haven Park Apartments2BR/1.0BA2BR,1BA$1.56
Meadowood Apartments5806 Russett - 3 Bed / 1 Bath3BR,1BA$1.47
Fairwood Arms Apartments2 Beds, 1 bath2BR,1BA$1.47
Heritage Circle Apartments2 Bedroom2BR,1BA$1.56

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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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 $1,200.

What is the price of a cheap apartment in Nakoma?

The cheapest apartment in Nakoma is Liberty Valley Apartments which is listed at $925, 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 56 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 $354 which is $5,041 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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