Cheap Apartments for Rent in the Near East Side Neighborhood of Madison, WI from $600 (31 Rentals)

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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.

property at 107 Rethke Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

107 Rethke Ave

MadisonWI53714
property at 107 Rethke Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

107 Rethke Ave

MadisonWI53714
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Ridgeview Heights
$1,250 - $1,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $1,500

Total Monthly Price
$1,250 - $1,500
1 to 2 Bedroom Apartments Available Now

Ridgeview Heights

3154-3166 Ridgeway AveMadison, WI 53704
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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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Nexus at Union Corners
$1,370 - $3,005
Total Monthly Price

Total Monthly Price

Base Rent
$1,370 - $3,005

Total Monthly Price
$1,370 - $3,005
Studio to 3 Bedroom Apartments Available May 2

Nexus at Union Corners

2521 East Washington AveMadison, WI 53704
Transit Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
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Garver Point
Rent Specials
$1,375 - $2,720
Total Monthly Price

Total Monthly Price

Base Rent
$1,375 - $2,720

Total Monthly Price
$1,375 - $2,720
Studio to 2 Bedroom Apartments Available Now

Garver Point

171 S Fair OaksMadison, WI 53704
Family Friendly
  • Verified
  • Customer Reviewed
  • Smoke Free
property at 2624 Union St

$1,375

Total Monthly Price

Total Monthly Price

Base Rent
$1,375

Total Monthly Price
$1,375

1 Bedroom, 1 Bath Home for Rent

Available Now

2624 Union St

MadisonWI53704

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.

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Algoma Apartments
Studio to 2 Bedroom Apartments

Algoma Apartments

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

Eastpointe

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

Fair Oaks Apartments

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

The Andre Apartments

2350 Winnebago StMadison, WI 53704
  • Utilities Included
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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
Corporate Housing
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Asana Apartments
Studio to 1 Bedroom Apartments

Asana Apartments

2081 Atwood AveMadison, 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
Madison Mayfair Apartments1 Bedroom1BR,1BA$999
EllaB - 3 (WHEDA) Floor Plan (50LMI Income Restricted)1BR,1BA$1,090
Eagle Harbor1 Bedroom 1 Bathroom1BR,1BA$1,100
Rise-Madison1 Bed / 1 Bath1BR,1BA$1,112
The IntersectCul De Sac1BR,1BA$1,184
Ridgeview Heights1 Bed/1 Bath Large1BR,1BA$1,250
McCormick Commons1 Bedroom - Upper1BR,1BA$1,265
Commercial AvenueTwo Bedroom2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Carbon at Union Corners3x2 Income restricted3BR,2BA$1.41
Rise-Madison2 Bed / 2 Bath2BR,2BA$1.55
Madison Mayfair ApartmentsRemodeled 3 Bedroom3BR,1BA$1.68
Kennedy PlaceOne Bedroom1BR,1BA$2.04
Commercial AvenueTwo Bedroom2BR,1BA$1.63
McCormick Commons1 Bedroom - Lower1BR,1BA$1.81
Eagle Harbor1 Bedroom 1 Bathroom1BR,1BA$1.66
The IntersectCul De Sac1BR,1BA$1.84
Nature Valley Apartments1 bed/ 1 bath1BR,1BA$1.99
Valued Stay AlohaStudiosStudio ,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.

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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.

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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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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.

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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.

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Pet Friendly Lifestyle
Near East Side, Madison, WI

Ranked #67

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 $1,305.

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

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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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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.