Cheap Homes for Rent in Nakoma Neighborhood of Madison, WI from $900 (12 Rentals)

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

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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.

property at 4005 Winnemac Ave

4005 Winnemac Ave

MadisonWI53711
property at 1012 Erin St

1012 Erin St

MadisonWI53715

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 Schroeder Square Apartments priced from $950. Liberty Valley has the second lowest priced unit, which is a Studio apartment currently listed from $995. Here are the most affordable Nakoma apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Schroeder Square ApartmentsStudioStudio,1BA$950
Liberty ValleyStudioStudio,1BA$995
University Bay2116 1 Bedroom1BR,1BA$999
Maple Lawn Apartments1 Bedroom, 1 Bath1BR,1BA$1,000
Avalon Madison Village1 Bedroom 60%1BR,1BA$1,005

Best Value Apartments for Rent in Nakoma, WI

As of September 14, 2025 the best value apartment in the Nakoma area is the $1.44 price per square foot 3BR/3.0BA Model at Wingra West in the in the Downtown Madison neighborhood starting from $3,600. The second greatest value Nakoma apartment is the 1326 Vilas Ave Model at 1326 Vilas Ave, Unit Lower Flat starting at $1,800 with a $1.20 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Wingra West3BR/3.0BA3BR,3BA$1.44
1326 Vilas Ave, Unit Lower Flat1326 Vilas Ave2BR,2BA$1.20
STONE CREST APARTMENTS3 Bedroom 2 Bath3BR,2BA$1.32
Fiedler Apartments2 Bed 1.5 Bath Townhome2BR,1.5BA$1.35
Garden Point Apartments2.5 Bed 1 Bath2BR,1BA$1.43
1042 Erin St, Unit 11042 Erin St1BR,1BA$1.30
501 N. Whitney Way Madison, WI2BR/1.0BA2BR,1BA$1.44
4926 Ascot Ln, Unit 34926 Ascot Ln2BR,1BA$1.38
1319 Drake St, Unit #21319 Drake St1BR,1BA$1.08
Avalon Madison Village1 Bedroom 60%1BR,1BA$1.29

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Nakoma, Madison, WI

Ranked #30

Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Nakoma

What type of rentals are currently available in Nakoma?

There are currently 348 Apartments for Rent in Nakoma, WI with pricing that ranges from $646 to $12,995. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Nakoma ranging from $950 to $8,495.

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 $950 to $8,495 with an average monthly rent of $4,286.

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 $847 to $5,125, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,300 to $4,200. Four Bedroom Single-Family rentals are also available starting from $2,850 and Four Bedroom Apartments start at $1,600.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Madison article

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.