
Cheap Apartments for Rent in the Near East Side Neighborhood of Madison, WI from $600 (34 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

Ridgeview Heights

Eagle Harbor

3554 E Washington Ave

The Intersect

McCormick Commons
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.

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Carbon at Union Corners

914-16 N Oak St

3009 Hermina St

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Garver Point

Commercial Avenue

Fair Oaks

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Nexus at Union Corners

Total Monthly Price
2566 Hoard St, Unit Downstairs apartment
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2838 Dahle St, Unit C

3401 Dawes St

Starkweather Place

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209 Kedzie St, Unit Apartment #2

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21 Farwell St, Unit 1

Ella

2087 Winnebago St, Unit 3

Algoma Apartments
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Nature Valley Apartments

Eastpointe

Fair Oaks Apartments

714 N Oak St

The Andre Apartments

Enso Apartments

Ridge Creek Apartments

Asana Apartments
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Generations at Union Corners

141 Division St
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 | $1,375 | $949 | $1,600 |
| Near East Side 1 Bedroom Apartments | $1,540 | $1,000 | $3,285 |
| Near East Side 2 Bedroom Apartments | $1,735 | $1,050 | $2,700 |
| Near East Side 3 Bedroom Apartments | $2,227 | $1,300 | $3,005 |
Browse Apartments in this Neighborhood
There are currently 34 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 2 Beds unit found at Rise-Madison priced from $784. 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 |
|---|---|---|---|
| Rise-Madison | 2 Bed / 2 Bath | 2BR,2BA | $784 |
| The Point on Washington | Standard Studio | Studio,1BA | $949 |
| Madison Mayfair Apartments | 1 Bedroom | 1BR,1BA | $999 |
| Eagle Harbor | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,100 |
| The Intersect | Cul De Sac - 50% AMI | 1BR,1BA | $1,187 |
| McCormick Commons | 1 Bedroom - Upper | 1BR,1BA | $1,265 |
| Garver Point | A1 | Studio,1BA | $1,300 |
| Commercial Avenue | Two Bedroom | 2BR,1BA | $1,305 |
| Fair Oaks | F2 Floor Plan | Studio,1BA | $1,315 |
| Ridgeview Heights | 2 Bedroom 1 Bath - Unrenovated | 2BR,1BA | $1,350 |
Best Value Apartments for Rent in Near East Side, WI
As of June 08, 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 2566 Hoard St Model at 2566 Hoard St, Unit Downstairs apartment starting at $1,380 with a $1.36 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 |
| 2566 Hoard St, Unit Downstairs apartment | 2566 Hoard St | 2BR,1BA | $1.36 |
| 3401 Dawes St | 2bed1bath | 2BR,1BA | $1.53 |
| 209 Kedzie St, Unit Apartment #2 | 209 Kedzie St | 2BR,1BA | $1.55 |
| Madison Mayfair Apartments | Remodeled 3 Bedroom | 3BR,1BA | $1.68 |
| Ridgeview Heights | 2-Bedroom 1 Bath Newly Renovated Apartment - Pr... | 2BR,1BA | $1.58 |
| Commercial Avenue | Two Bedroom | 2BR,1BA | $1.63 |
| Rise-Madison | 1 Bed / 1 Bath | 1BR,1BA | $1.46 |
| McCormick Commons | 1 Bedroom - Lower | 1BR,1BA | $1.81 |
| Eagle Harbor | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.66 |
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.
Pet Friendly LifestyleNear East Side, Madison, WI
Ranked #71
Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet 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 $1,350.
What is the price of a cheap apartment in Near East Side?
The cheapest apartment in Near East Side is Madison Mayfair Apartments which is listed at $999, while the average apartment in Near East Side costs $2,126.
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 168 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 $794 which is $1,332 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.
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

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
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Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
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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.