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

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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
Garver Point
Rent Specials
$1,300 - $2,640
Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $2,640

Total Monthly Price
$1,300 - $2,640
Studio to 2 Bedroom Apartments Available Now

Garver Point

171 S Fair OaksMadison, WI 53704
Family Friendly
  • Verified
  • Customer Reviewed
  • Smoke Free
close
View Me
Nexus at Union Corners
$1,350 - $3,285
Total Monthly Price

Total Monthly Price

Base Rent
$1,350 - $3,285

Total Monthly Price
$1,350 - $3,285
Studio to 3 Bedroom Apartments Available Now

Nexus at Union Corners

2521 East Washington AveMadison, WI 53704
Transit Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

close
View Me
21 Farwell St, Unit 1
$1,495
Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495
2 Bedroom Apartment Available Jul 1

21 Farwell St, Unit 1

21 Farwell StMadison, WI 53704
  • Smoke Free
close
View Me
Algoma Apartments
Studio to 2 Bedroom Apartments

Algoma Apartments

404 Algoma StMadison, WI 53704
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

close
View Me
Eastpointe
1 to 3 Bedroom Apartments

Eastpointe

309 Clyde Gallagher AveMadison, WI 53714
  • Utilities Included
close
View Me
Fair Oaks Apartments
Studio Apartments

Fair Oaks Apartments

3324 Milwaukee StMadison, WI 53714
  • Utilities Included
close
View Me
The Andre Apartments
1 to 3 Bedroom Apartments

The Andre Apartments

2350 Winnebago StMadison, WI 53704
  • Utilities Included
close
View Me
Enso Apartments
Studio Apartments

Enso Apartments

715 Rethke AveMadison, WI 53714
close
View Me
Asana Apartments
Studio to 1 Bedroom Apartments

Asana Apartments

2081 Atwood AveMadison, WI 53704
  • Utilities Included

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.

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 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 ListingModel NameBed/BathPriced From
Rise-Madison2 Bed / 2 Bath2BR,2BA$784
The Point on WashingtonStandard StudioStudio,1BA$949
Madison Mayfair Apartments1 Bedroom1BR,1BA$999
Eagle Harbor1 Bedroom 1 Bathroom1BR,1BA$1,100
The IntersectCul De Sac - 50% AMI1BR,1BA$1,187
McCormick Commons1 Bedroom - Upper1BR,1BA$1,265
Garver PointA1Studio,1BA$1,300
Commercial AvenueTwo Bedroom2BR,1BA$1,305
Fair OaksF2 Floor PlanStudio,1BA$1,315
Ridgeview Heights2 Bedroom 1 Bath - Unrenovated2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Carbon at Union Corners3x2 Income restricted3BR,2BA$1.41
2566 Hoard St, Unit Downstairs apartment2566 Hoard St2BR,1BA$1.36
3401 Dawes St2bed1bath2BR,1BA$1.53
209 Kedzie St, Unit Apartment #2209 Kedzie St2BR,1BA$1.55
Madison Mayfair ApartmentsRemodeled 3 Bedroom3BR,1BA$1.68
Ridgeview Heights2-Bedroom 1 Bath Newly Renovated Apartment - Pr...2BR,1BA$1.58
Commercial AvenueTwo Bedroom2BR,1BA$1.63
Rise-Madison1 Bed / 1 Bath1BR,1BA$1.46
McCormick Commons1 Bedroom - Lower1BR,1BA$1.81
Eagle Harbor1 Bedroom 1 Bathroom1BR,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 Article
Decorative image

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 Article
Decorative image

Real 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Near East Side, Madison, WI

Ranked #71

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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

decorative image for Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Madison article

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.

decorative image for Lakeshore to Lecture Hall: Finding Your Perfect Student Apartment in Madison, WI article

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.

decorative image for An Insiders Guide to 6 Reasons Why Locals Love Renting in Madison, Wisconsin   article

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

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.