Cheap Apartments for Rent in the Nakoma Neighborhood of Madison, WI from $500 (170 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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1914 Monroe St, Unit 201
$590
Total Monthly Price

Total Monthly Price

Base Rent
$590
Total Monthly Price
$590
1 Bedroom Apartment Available Aug 15

1914 Monroe St, Unit 201

1914 Monroe StMadison, WI 53711
Affordability
  • Smoke Free
property at 936 Drake St

$699

Total Monthly Price

Total Monthly Price

Base Rent
$699
Total Monthly Price
$699

1 Bedroom, 1 Bath Townhome for Rent

Available Now

936 Drake St, Unit 4

936 Drake St
MadisonWI53715
property at 1205 Chandler St

$775

Total Monthly Price

Total Monthly Price

Base Rent
$775
Total Monthly Price
$775

1 Bedroom, 1 Bath Townhome for Rent

Available Aug 15

1205 Chandler St

MadisonWI53715

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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
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  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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 $750. 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$750
Liberty Valley Apartments1001 - 1 Bed / 1 Bath1BR,1BA$925
Allen House Apartments0x1-361Studio,1BA$995
Nakoma Heights Apartment Homes1x11BR,1BA$1,049
5021 Old Middleton RdTwo Bedroom unit2BR,1BA$1,050
Valley ViewJuneberryStudio,1BA$1,050
Southview Apartments2 Bed 1 Bath2BR,1BA$1,095
ReNew at the GreensNiklaus1BR,1BA$1,099
Chapel Hill ApartmentsStudioStudio,1BA$1,100
Catalpa Crossing Apartments2 Bed 1 Bath- 1118/22102BR,1BA$1,120

Best Value Apartments for Rent in Nakoma, WI

As of July 15, 2026 the best value apartment in the Nakoma area is the $1.19 price per square foot The Elm Model at Preserve West in the in the Far West Side neighborhood starting from $2,045. The second greatest value Nakoma apartment is the 3LG Model at Guilford Apartments starting at $1,795 with a $1.20 price per square foot in the Brams Addition 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$1.19
Guilford Apartments3LG3BR,1.5BA$1.20
Woodland GlenPrairie2BR,2BA$1.33
Whitcomb Square Senior Apartment Homes (55+)2 Bedroom2BR,2BA$0.92
Highland RidgeC2BR,2BA$1.51
Brookstone Townhomes2x1.5 Large2BR,1.5BA$1.52
River Bend Apartments at the ArboretumWhite Pine2BR,1BA$1.45
Meadowood Apartments5806 Russett - 2 Bed / 1 Bath2BR,1BA$1.49
5021 Old Middleton RdTwo Bedroom unit2BR,1BA$1.31
Southview Apartments2 Bed 1 Bath2BR,1BA$1.39

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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Best Local Schools in
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 $1,120.

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 $389 which is $5,006 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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