
Cheap Homes for Rent in the Nakoma Neighborhood of Madison, WI from $799 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Nakoma area of Madison.


1203 Chandler St, Unit 4 bedrooms

2016 Kendall Avenue, Unit 2b

5706 Russett Rd, Unit 1-4

930 Emerald St

402 Paunack Pl, Unit 402 Paunack place
Finding Your Place in Madison: Neighborhoods Close to the City’s Biggest Jobs
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3315 Harvey St, Unit 3315-4

422 Rushmore Ln, Unit 1

4905 Phillip Ln

510 N Franklin Ave, Unit 4

510 N Franklin Ave, Unit 2

1607 Reetz Rd
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Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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 | $2,517 | $1,575 | $4,000 |
| Nakoma 3 Bedroom Homes for Rent | $2,898 | $2,250 | $3,495 |
| Nakoma 4 Bedroom Homes for Rent | $2,772 | $799 | $4,395 |
| Nakoma 5 Bedroom Homes for Rent | $2,400 | $2,400 | $2,400 |
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 Humbucker Apartments priced from $799. 1301 Spring St has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here are the most affordable Nakoma apartments for rent in Madison, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Humbucker Apartments | 1BR/2.0BA | 1BR,2BA | $799 |
| 1301 Spring St | Studio | Studio,1BA | $925 |
| Liberty Valley Apartments | 1009 - 1 Bed / 1 Bath | 1BR,1BA | $925 |
| University Bay | Updated Studio | Studio,1BA | $949 |
| 2009-2011 University Ave | 1BR/2.0BA | 1BR,2BA | $949 |
Best Value Apartments for Rent in Nakoma, WI
As of August 27, 2026 the best value apartment in the Nakoma area is the $1.26 price per square foot The Elm Model at Preserve West in the in the Far West Side neighborhood starting from $2,170. The second greatest value Nakoma apartment is the 1BR/2.0BA Model at 2009-2011 University Ave starting at $949 with a $0.67 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 Elm | 3BR,2BA | $1.26 |
| 2009-2011 University Ave | 1BR/2.0BA | 1BR,2BA | $0.67 |
| The Badger Den Apartments on Kendall | 1806/1808 Kendall Ave | 2BR,1BA | $1.25 |
| Stone Crest Apartments | 3x2 | 3BR,2BA | $1.40 |
| 419 Chamberlain Ave, Unit 1 | 419 Chamberlain Ave | 2BR,1BA | $1.48 |
| Fiedler Apartments | 2 Bed 1.5 Bath Townhome | 2BR,1.5BA | $1.39 |
| 5706 Russett Rd, Unit Madison West | 5706 Russett Rd | 2BR,1BA | $1.16 |
| 65 Sunfish Ct | 2BR/1.0BA | 2BR,1BA | $1.12 |
| River Bend Apartments at the Arboretum | White Pine | 2BR,1BA | $1.45 |
| 1314 Spring St | 1BR/1.0BA | 1BR,1BA | $1.30 |
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 ArticleReal 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.
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
Thoreau Elementary School
Cherokee Heights Middle School
School data provided by Great Schools
Frequently Asked Questions about Nakoma
What type of rentals are currently available in Nakoma?
There are currently 322 Apartments for Rent in Nakoma, WI with pricing that ranges from $693 to $5,395. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Nakoma ranging from $799 to $4,395.
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 $799 to $4,395 with an average monthly rent of $2,555.
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 $1,495 to $3,925, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,250 to $3,495. Four Bedroom Single-Family rentals are also available starting from $799 and Four Bedroom Apartments start at $1,150.
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.
Helpful Local Expert Guides

Finding Your Place in Madison: Neighborhoods Close to the City's Biggest Jobs
Written by: Mike Heuer
Madison, Wisconsin, is three communities in one. It is a college town that is home to the flagship university in the University of Wisconsin system.

An Insider's Guide to 6 Reasons Why Locals Love Renting in Madison, Wisconsin
Written by: Mike Heuer
Madison is Wisconsin’s capital city and its second-largest city, with a population of more than 260,000.

Lakeshore to Lecture Hall: Finding Your Perfect Student Apartment in Madison, WI
Written by: Mike Heuer
I am Mike, your guide to student housing in the Greater Madison, Wisconsin, area. Madison is a terrific city that also is the Capital of Wisconsin.

The Expert's 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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.