Cheap Apartments for Rent in the Near East Side Neighborhood of Madison, WI from $600 (22 Rentals)

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

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.

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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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914-16 N Oak St
2 Bedroom Apartments

914-16 N Oak St

914-16 N Oak StMadison, WI 53704
  • Utilities Included

Near East Side, Madison, WI Local Guide

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 ListingModel NameBed/BathPriced From
Nature Valley ApartmentsStudioStudio,1BA$895
The Point on WashingtonStandard StudioStudio,1BA$949
Eagle Harbor1 Bedroom 1 Bathroom1BR,1BA$991
Madison Mayfair Apartments1 Bedroom1BR,1BA$1,050
Rise-Madison1 Bed / 1 Bath1BR,1BA$1,151

Best Value Apartments for Rent in Near East Side, WI

As of December 08, 2025 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 $1,369 with a $1.18 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
Rise-Madison2 Bed / 2 Bath2BR,2BA$1.18
The Andre Apartments2x22BR,2BA$1.23
Madison Mayfair ApartmentsRemodeled 3 Bedroom3BR,1BA$1.68
2069 Winnebago St, Unit 2069 A2069 Winnebago St2BR,1BA$1.61
CornerstoneOne Bed One Bath1BR,1BA$1.92
142 S Marquette St, Unit 1142 S Marquette St2BR,1BA$1.94
2416 E Washington Ave, Unit 12416 E Washington Ave1BR,1BA$1.85
Eagle Harbor1 Bedroom 1 Bathroom1BR,1BA$1.50
2078 Atwood Ave, Unit C2078 Atwood AveStudio ,1BA$1.90

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.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick Rent Budget Calculator

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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.

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Pet Friendly Lifestyle
Near East Side, Madison, WI

Ranked #60

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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 $1,299.

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

The cheapest apartment in Near East Side is Rise-Madison which is listed at $639, while the average apartment in Near East Side costs $2,175.

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 28 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 $429 which is $1,746 cheaper than the average rent for all rentals in Near East Side.

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.

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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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!