936 Drake St
MadisonWI53715
Cheap Homes for Rent in Nakoma Neighborhood of Madison, WI from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Nakoma area of Madison.
1205 Chandler St
MadisonWI53715
1106 Woodland Way, Unit 2
1106 Woodland Way
MadisonWI53711
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.
close
View Me
$1,065Studio Apartments Available Now
3315 Harvey St
3315 Harvey StMadison, WI 53705
close
View Me
$1,3902 Bedroom Apartments Available Now
2241 Luann Ln
2241 Luann LnMadison, WI 53713
close
View Me
$1,3951 Bedroom Apartments Available Aug 15
402 Paunack Pl
402 Paunack PlMadison, WI 53726
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 1-6, 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 | $2,318 | $1,490 | $3,400 |
| Nakoma 3 Bedroom Homes for Rent | $2,720 | $2,150 | $3,495 |
| Nakoma 4 Bedroom Homes for Rent | $3,278 | $2,700 | $4,495 |
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 6 rentals with your search options within a 2 mile radius of the Nakoma Neighborhood of Madison, WI.
Explore Madison
Nakoma, Madison, WI Local Guide
- Nearby Madison neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Liberty Valley Apartments priced from $925. Allen House Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable Nakoma apartments for rent in Madison, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Liberty Valley Apartments | 1009 - 1 Bed/ 1 Bath | 1BR,1BA | $925 |
| Allen House Apartments | 1Dx1-444 | 1BR,1BA | $995 |
| Vicino Apartments | Style F1 | Studio,1BA | $1,061 |
Best Value Apartments for Rent in Nakoma, WI
As of May 28, 2026 the best value apartment in the Nakoma area is the $1.20 price per square foot The Mulberry Model at Preserve West in the in the Far West Side neighborhood starting from $1,590. The second greatest value Nakoma apartment is the 2 Bedroom Model at Whitcomb Square Senior Apartment Homes (55+) starting at $1,200 with a $0.92 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 Mulberry | 2BR,1.5BA | $1.20 |
| Whitcomb Square Senior Apartment Homes (55+) | 2 Bedroom | 2BR,2BA | $0.92 |
| Highland Ridge | C | 2BR,2BA | $1.55 |
| River Bend Apartments at the Arboretum | White Pine | 2BR,1BA | $1.45 |
| New Fountains | The Versailles | 2BR,1BA | $1.55 |
| 4510 Thurston Ln | 2Bed/1Bath | 2BR,1BA | $1.44 |
| Haven Park Apartments | 2BR/1.0BA | 2BR,1BA | $1.56 |
| Meadowood Apartments | 5806 Russett - 3 Bed / 1 Bath | 3BR,1BA | $1.47 |
| Fairwood Arms Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.47 |
| Heritage Circle Apartments | 2 Bedroom | 2BR,1BA | $1.56 |
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 Article
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.
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.
Let everyone know!
Do you know the Nakoma area?
If you’re an expert on all things Nakoma, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 320 Apartments for Rent in Nakoma, WI with pricing that ranges from $646 to $5,395. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Nakoma ranging from $625 to $4,495.
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 $625 to $4,495 with an average monthly rent of $2,290.
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 $1,249 to $3,925, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,150 to $3,495. Four Bedroom Single-Family rentals are also available starting from $2,700 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
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.
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.
An Insiders 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.
Articles, How-To's, and Tips
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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.