936 Drake St, Unit 6, Unit 6
936 Drake St
MadisonWI53715
Cheap Homes for Rent in Nakoma Neighborhood of Madison, WI from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Nakoma area of Madison.
1106 Woodland Way, Unit 2, Unit 2
1106 Woodland Way
MadisonWI53711
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$980Studio Apartments Available Aug 1
3311 Harvey St, Unit 3311 B
3311 Harvey StMadison, WI 53705
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$1,065Studio Apartments Available Now
3315 Harvey St, Unit 3317-7
3315 Harvey StMadison, WI 53705
513 S Brooks St
MadisonWI53715
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$1,3902 Bedroom Apartments Available Now
2241 Luann Ln, Unit Unit 1
2241 Luann LnMadison, WI 53713
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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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$1,6302 Bedroom Apartments Available Aug 1
3311 Harvey St, Unit 3311 C
3311 Harvey StMadison, WI 53705
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$1,7152 Bedroom Apartments Available Now
3319 Harvey St, Unit 3319-F
3319 Harvey StMadison, WI 53705
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$1,7152 Bedroom Apartments Available Aug 1
3319 Harvey St, Unit 3319-E
3319 Harvey StMadison, WI 53705
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$1,8502 Bedroom Apartments Available Sep 1
510 N Franklin Ave, Unit 2
510 N Franklin AveMadison, WI 53705
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$1,8502 Bedroom Apartments Available Aug 1
510 N Franklin Ave, Unit 4
510 N Franklin AveMadison, WI 53705
409 Palomino Ln, Unit 1B, Unit 1B
409 Palomino Ln
MadisonWI53705
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.
Showing Results 1-12, Page 1 of 1
Nakoma, Madison, WI Local Guide
How much does it cost to rent a home in Nakoma?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Nakoma 2 Bedroom Homes for Rent | $2,759 | $1,995 | $4,000 |
| Nakoma 3 Bedroom Homes for Rent | $2,762 | $2,100 | $3,800 |
| Nakoma 4 Bedroom Homes for Rent | $2,750 | $2,700 | $2,800 |
| Nakoma 5 Bedroom Homes for Rent | $2,150 | $2,150 | $2,150 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Nakoma Neighborhood of Madison, WI.
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Nakoma, Madison, WI Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Heights | 1 BED 1 BA - Income Restricted 30% | 1BR,1BA | $641 |
| Humbucker Apartments | 4x2-1225 | 4BR,2BA | $799 |
| 1301 Spring St | Studio Sublet 5/1-8/13 | Studio,1BA | $845 |
| Allen House Apartments | 0x1-390 | Studio,1BA | $1,071 |
| Valley View Apartments | Hickory | Studio,1BA | $1,095 |
Best Value Apartments for Rent in Nakoma, WI
As of April 12, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Preserve West | The Elm | 3BR,2BA | $1.34 |
| Whitcomb Square Senior Apartment Homes (55+) | 2 Bedroom | 2BR,2BA | $0.80 |
| Brookstone Townhomes | 2x1.5 Large | 2BR,1.5BA | $1.52 |
| River Bend Apartments at the Arboretum | White Pine | 2BR,1BA | $1.45 |
| 1917 Pike Dr, Unit 1 | 1917 Pike Dr | 2BR,1BA | $1.33 |
| 4510 Thurston Ln | 2Bed/1Bath | 2BR,1BA | $1.44 |
| Fairwood Arms Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.47 |
| Heritage Circle Apartments | 2 Bedroom | 2BR,1BA | $1.56 |
| Oak Ridge at University Park Senior Apartments | B1 | 1BR,1BA | $1.44 |
| ReNew at the Greens | Niklaus | 1BR,1BA | $1.51 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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.
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.
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Best Local Schools in Nakoma, Madison, WI
Cherokee Heights Middle
Madison Metropolitan School District
Public School - Grades 6-8 (553)
4 out of 10
School data provided by Great Schools
Frequently Asked Questions about Nakoma
What type of rentals are currently available in Nakoma?
There are currently 324 Apartments for Rent in Nakoma, WI with pricing that ranges from $641 to $5,395. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Nakoma ranging from $795 to $4,000.
What is the current price range for Rental Homes in Nakoma?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Nakoma ranges from $795 to $4,000 with an average monthly rent of $2,496.
How much are larger Three and Four Bedroom Rentals in Nakoma?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Nakoma range from $799 to $5,125, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $3,800. Four Bedroom Single-Family rentals are also available starting from $2,700 and Four Bedroom Apartments start at $799.
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.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.