
Cheap Apartments for Rent in the Near East Side Neighborhood of Madison, WI from $600 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in the Near East Side area of Madison.


The Point on Washington

Madison Mayfair Apartments

Ella

Eagle Harbor

Rise-Madison

Total Monthly Price
3226 Milwaukee St, Unit 2, Unit 2
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The Intersect

Total Monthly Price
3209 Ridgeway Ave, Unit 3, Unit 3

Total Monthly Price
Carbon at Union Corners

107 Rethke Ave

107 Rethke Ave

McCormick Commons

Total Monthly Price
Ridgeview Heights
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.

Commercial Avenue

Fair Oaks

Total Monthly Price
Nexus at Union Corners

Total Monthly Price
Garver Point

2624 Union St

2718 Commercial Ave

Starkweather Place
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.

3554 E Washington Ave

Algoma Apartments

Eastpointe

Fair Oaks Apartments

The Andre Apartments

Enso Apartments

914-16 N Oak St
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131 N Fair Oaks Ave

Ridge Creek Apartments

Asana Apartments
Near East Side, Madison, WI Local Guide

How much does it cost to rent an apartment in Near East Side?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Near East Side Studio Apartments | $1,363 | $895 | $1,570 |
| Near East Side 1 Bedroom Apartments | $1,534 | $995 | $2,375 |
| Near East Side 2 Bedroom Apartments | $1,803 | $1,050 | $2,750 |
| Near East Side 3 Bedroom Apartments | $2,261 | $1,300 | $3,100 |
Browse Apartments in this Neighborhood
There are currently 31 rentals with your search options within a 1 mile radius of the Near East Side Neighborhood of Madison, WI.
See all Apartments in MadisonExplore Madison
Near East Side, Madison, WI Local Guide
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Cheapest Available Near East Side Apartments for Rent
 The cheapest available apartment rental in the Near East Side area of Madison, WI is a Studio unit found at Nature Valley Apartments priced from $895. The Point on Washington has the second lowest priced unit, which is a Studio apartment currently listed from $949. Here are the most affordable Near East Side apartments for rent in Madison, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Nature Valley Apartments | Studio | Studio,1BA | $895 |
| The Point on Washington | Standard Studio | Studio,1BA | $949 |
| Madison Mayfair Apartments | 1 Bedroom | 1BR,1BA | $999 |
| Ella | B - 3 (WHEDA) Floor Plan (50LMI Income Restricted) | 1BR,1BA | $1,090 |
| Eagle Harbor | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,100 |
| Rise-Madison | 1 Bed / 1 Bath | 1BR,1BA | $1,112 |
| The Intersect | Cul De Sac | 1BR,1BA | $1,184 |
| Ridgeview Heights | 1 Bed/1 Bath Large | 1BR,1BA | $1,250 |
| McCormick Commons | 1 Bedroom - Upper | 1BR,1BA | $1,265 |
| Commercial Avenue | Two Bedroom | 2BR,1BA | $1,305 |
Best Value Apartments for Rent in Near East Side, WI
As of April 23, 2026 the best value apartment in the Near East Side area is the $1.41 price per square foot 3x2 Income restricted Model at Carbon at Union Corners in the in the Near East Side neighborhood starting from $1,811. The second greatest value Near East Side apartment is the 2 Bed / 2 Bath Model at Rise-Madison starting at $1,661 with a $1.55 price per square foot in the Near East Side neighborhood. Here is today’s list of the best values for Near East Side apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Carbon at Union Corners | 3x2 Income restricted | 3BR,2BA | $1.41 |
| Rise-Madison | 2 Bed / 2 Bath | 2BR,2BA | $1.55 |
| Madison Mayfair Apartments | Remodeled 3 Bedroom | 3BR,1BA | $1.68 |
| Kennedy Place | One Bedroom | 1BR,1BA | $2.04 |
| Commercial Avenue | Two Bedroom | 2BR,1BA | $1.63 |
| McCormick Commons | 1 Bedroom - Lower | 1BR,1BA | $1.81 |
| Eagle Harbor | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.66 |
| The Intersect | Cul De Sac | 1BR,1BA | $1.84 |
| Nature Valley Apartments | 1 bed/ 1 bath | 1BR,1BA | $1.99 |
| Valued Stay Aloha | Studios | Studio ,1BA | $2.10 |
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.
Read ArticleLakeshore 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
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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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.
Pet Friendly LifestyleNear East Side, Madison, WI
Ranked #67
Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Near East Side Apartments
What is a cheap apartment in Near East Side?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Near East Side is under $1,305.
What is the price of a cheap apartment in Near East Side?
The cheapest apartment in Near East Side is Nature Valley Apartments which is listed at $995, while the average apartment in Near East Side costs $2,187.
What types of apartments are the cheapest in Near East Side?
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 25 regular apartments in Near East Side 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 Near East Side?
Cheap apartments in Near East Side have an average cost of $718 which is $1,469 cheaper than the average rent for all rentals in Near East Side.
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.

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.