Cheap Apartments for Rent in the Near East Side Neighborhood of Madison, WI from $600 (15 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Near East Side area of Madison.

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Algoma Apartments
Studio to 2 Bedroom Apartments

Algoma Apartments

404 Algoma StMadison, WI 53704
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Eastpointe
1 to 3 Bedroom Apartments

Eastpointe

309 Clyde Gallagher AveMadison, WI 53714
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Fair Oaks Apartments
Studio Apartments

Fair Oaks Apartments

3324 Milwaukee StMadison, WI 53714
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The Andre Apartments
1 to 3 Bedroom Apartments

The Andre Apartments

2350 Winnebago StMadison, WI 53704
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Enso Apartments
Studio Apartments

Enso Apartments

715 Rethke AveMadison, WI 53714

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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 1 Bed unit found at Eagle Harbor priced from $613. Nature Valley Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable Near East Side apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Eagle Harbor1 Bedroom 1 Bathroom1BR,1BA$613
Nature Valley ApartmentsStudioStudio,1BA$895
The Point on WashingtonStandard StudioStudio,1BA$949
Madison Mayfair Apartments1 Bedroom1BR,1BA$1,000
Rise-Madison1 Bed / 1 Bath1BR,1BA$1,112

Best Value Apartments for Rent in Near East Side, WI

As of January 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 3 Bedroom 2 Bathroom Model at Eagle Harbor starting at $1,426 with a $1.16 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Carbon at Union Corners3x2 Income restricted3BR,2BA$1.41
Eagle Harbor3 Bedroom 2 Bathroom3BR,2BA$1.16
The Andre Apartments2x22BR,2BA$1.54
Madison Mayfair ApartmentsRemodeled 3 Bedroom3BR,1BA$1.68
Ridgeview Heights2 Bedroom 1 Bath2BR,1BA$1.63
914-16 N Oak St2Bedroom2BR,1BA$1.33
410 Pawling St, Unit 3410 Pawling St2BR,1BA$1.87
Rise-Madison1 Bed / 1 Bath1BR,1BA$1.50
McCormick Commons1 Bedroom - Lower1BR,1BA$1.76
Nature Valley Apartments1 bed/ 1 bath1BR,1BA$1.99

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 $1,350.

What is the price of a cheap apartment in Near East Side?

The cheapest apartment in Near East Side is Eagle Harbor which is listed at $613, while the average apartment in Near East Side costs $2,715.

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 23 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 $298 which is $2,417 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

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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.

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.