Cheap Apartments for Rent in the Near West Side Neighborhood of Madison, WI from $700 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Near West Side area of Madison.

University Bay

The Heights

Allen House Apartments

413 Paunack Pl

4117 Mineral Point Rd
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Casa Blanca

2605 University Ave
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Near West Side, Madison, WI Local Guide

How much does it cost to rent an apartment in Near West Side?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Near West Side Studio Apartments | $1,307 | $749 | $1,700 |
| Near West Side 1 Bedroom Apartments | $1,579 | $1,128 | $2,400 |
| Near West Side 2 Bedroom Apartments | $2,148 | $1,300 | $3,450 |
| Near West Side 3 Bedroom Apartments | $2,704 | $1,799 | $2,939 |
| Near West Side 4 Bedroom Apartments | $2,989 | $2,550 | $3,229 |
Browse Apartments in this Neighborhood
There are currently 20 rentals with your search options within a 1 mile radius of the Near West Side Neighborhood of Madison, WI.
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Near West Side, Madison, WI Local Guide
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Cheapest Available Near West Side Apartments for Rent
 The cheapest available apartment rental in the Near West Side area of Madison, WI is a 1 Bed unit found at The Heights priced from $1,092. 3722 Speedway Rd has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,500. Here are the most affordable Near West Side apartments for rent in Madison, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Heights | 1 BED 1 BA – Income Restricted – 50% | 1BR,1BA | $1,092 |
| 3722 Speedway Rd | 1 Bed | 1BR,1BA | $1,500 |
| Arbor Crossing | H1 Floor Plan (60LMI Income Restricted) | 2BR,2BA | $1,520 |
| Oakland on Monroe | The Monroe | 1BR,1BA | $1,595 |
| Old University Place | L (1BD Loft) | 1BR,1BA | $1,639 |
Best Value Apartments for Rent in Near West Side, WI
As of December 11, 2025 the best value apartment in the Near West Side area is the $2.00 price per square foot 2615 Stevens St Model at 2615 Stevens St, Unit #A in the in the Downtown Madison neighborhood starting from $2,995. The second greatest value Near West Side apartment is the 3 BED 2 BA Model at The Heights starting at $2,500 with a $1.83 price per square foot in the Downtown Madison neighborhood. Here is today’s list of the best values for Near West Side apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2615 Stevens St, Unit #A | 2615 Stevens St | 2BR,2BA | $2.00 |
| The Heights | 3 BED 2 BA | 3BR,2BA | $1.83 |
| Shorewood Apartments | 2BR/2.0BA | 2BR,2BA | $1.63 |
| Woodland Reserve Apartments | 2 Bed, 1 Bath Immediate Move-In | 2BR,1BA | $1.64 |
| Arbor Crossing | B Floor Plan (Fully Furnished) | 2BR,2BA | $3.35 |
| 2104 University Ave | 2 Bed/1 Bath | 2BR,1BA | $1.94 |
| The Urbane | B-Style | 1BR,1BA | $2.50 |
| 3722 Speedway Rd | 1 Bed | 1BR,1BA | $2.12 |
| Old University Place | L (1BD Loft) | 1BR,1BA | $2.89 |
| Oakland on Monroe | The Monroe | 1BR,1BA | $3.18 |
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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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 West Side, Madison, WI
Ranked #78
Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Near West Side Apartments
How much is rent for a Cheap One Bedroom Near West Side Apartment?
The lowest price for a Cheap One Bedroom Near West Side Apartment is $1,092 at The Heights.
What is the lowest price for a Cheap Two Bedroom Near West Side Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Near West Side is starting from $1,520 at Arbor Crossing.
What is the most affordable Near West Side Three Bedroom Apartment?
The best deal on a cheap Near West Side Three Bedroom Apartment rental is at Old University Place and starts from $1,799.
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

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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!












