
Cheap Apartments for Rent in the Nakoma Neighborhood of Madison, WI from $500 (106 Rentals)
Search the lowest-cost Apartments available for rent right now in the Nakoma area of Madison.


Total Monthly Price
Humbucker Apartments

1301 Spring St

New Fountains

LIBERTY VALLEY APARTMENTS

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Vicino Madison

Allen House Apartments

University Bay

Catalpa Crossing Apartments

Tailor Place
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.

Total Monthly Price
Southview Apartments

Chapel Hill Apartments

Bristol Arms

Arbor Arms Apartments

University Park Commons

Casa Blanca

413 Paunack Pl

Orchard Court

Nakoma Commons

Total Monthly Price
1305 Jewel Ct, Unit 1
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.

River Bend Apartments at the Arboretum

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Arbor Hills

Petra Apartments

College Station

Heritage Circle Apartments

Fairwood Arms Apartments

Gardens on Hillcrest

Parkside

924 Drake St

PARK TOWER
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.

4337 Britta Dr

The Monticello

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1309 Spring St

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The Derby

Total Monthly Price
Midvale Heights Apartments

The Summit Residences

Lamplighter

Total Monthly Price
2135 University Ave, Unit #1

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Lexington Green

Whitcomb Square Senior Apartment Homes (55+)
Madison's Best Affordable Neighborhoods
Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer

520 S Mills St, Unit 2.5

45 N Orchard St

Randall Park Rentals

Otto's House

5718 Balsam Rd

Ashford Arms Apartments

Fourteen-Eighteen At Ashford

Randall Station

1019 Milton St

Zurich Haus
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
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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 | $1,438 | $845 | $3,480 |
| Nakoma 1 Bedroom Apartments | $1,633 | $646 | $4,410 |
| Nakoma 2 Bedroom Apartments | $1,978 | $770 | $5,585 |
| Nakoma 3 Bedroom Apartments | $2,525 | $1,520 | $5,125 |
| Nakoma 4 Bedroom Apartments | $3,258 | $1,690 | $4,695 |
Browse Apartments in this Neighborhood
There are currently 106 rentals with your search options within a 2 mile radius of the Nakoma Neighborhood of Madison, WI.
See all Apartments in MadisonExplore Madison
Nakoma, Madison, WI Local Guide
- Nearby Madison neighborhoods
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1301 Spring St | Studio Sublet 5/1-8/13 | Studio,1BA | $845 |
| LIBERTY VALLEY APARTMENTS | 1009 - 1 Bed/ 1 Bath | 1BR,1BA | $1,050 |
| Allen House Apartments | 0x1-390 | Studio,1BA | $1,071 |
| University Bay | Studio | Studio,1BA | $1,079 |
| Tailor Place | F WHEDA (Corner) (50LMI Income Restricted) | 1BR,1BA | $1,090 |
| Chapel Hill Apartments | Studio | Studio,1BA | $1,100 |
| Bristol Arms | Oxford | 1BR,1BA | $1,141 |
| Arbor Arms Apartments | 1 Bed Arborville | 1BR,1BA | $1,150 |
| New Fountains | The Buckingham | 1BR,1BA | $1,155 |
| Casa Blanca | Studio A | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Preserve West | The Ironwood | 3BR,2BA | $1.20 |
| Wingra West | 2BR/2.0BA | 2BR,2BA | $1.43 |
| Whitcomb Square Senior Apartment Homes (55+) | 2 Bedroom | 2BR,2BA | $0.90 |
| STONECREST APARTMENTS | 3 Bedroom 2 Bath | 3BR,2BA | $1.40 |
| University Park Commons | J1 | 2BR,2BA | $1.49 |
| The Heights | 2BED 2BA (60%) | 2BR,2BA | $1.48 |
| Guilford Apartments | 3 Bedroom/ 1.5 Bathroom | 3BR,1BA | $1.48 |
| River Bend Apartments at the Arboretum | White Pine | 2BR,1BA | $1.45 |
| Haven Park Apartments | 2BR/1.0BA | 2BR,1BA | $1.45 |
| 1305 Jewel Ct, Unit 1 | 1305 Jewel Ct | 2BR,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.
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
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

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.

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.

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.