Cheap Apartments for Rent in the Near West Side Neighborhood of Madison, WI from $700 (20 Rentals)

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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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Otto's House
Studio to 1 Bedroom Apartments

Otto's House

2554 Kendall AveMadison, WI 53705
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2102
1 Bedroom Apartments

2102

2102 University AveMadison, WI 53726
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Hedvin House
1 to 2 Bedroom Apartments

Hedvin House

2217 University AveMadison, WI 53726
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Wingra Shores
1 to 3 Bedroom Apartments

Wingra Shores

2628 Arbor DrMadison, WI 53711
  • 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.

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Franklin Terrace
1 Bedroom Apartments

Franklin Terrace

521 N Franklin AveMadison, WI 53705
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Birge House
1 Bedroom Apartments

Birge House

1932 University AveMadison, WI 53726
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Kingston Place
Studio to 4 Bedroom Apartments

Kingston Place

2553-2581 University AveMadison, WI 53705
  • Utilities Included
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2737 Lynn Ter
2 Bedroom Apartments

2737 Lynn Ter

2737 Lynn TerMadison, WI 53705
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Russell Terrace
1 to 2 Bedroom Apartments

Russell Terrace

2223 University AveMadison, WI 53726
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Hamelin House
1 to 2 Bedroom Apartments

Hamelin House

302 Walnut StMadison, WI 53726

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700 UBD Apartments
Studio to 2 Bedroom Apartments

700 UBD Apartments

700 University Bay DrMadison, WI 53705
  • Utilities Included
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Monroe Manor
1 to 4 Bedroom Apartments

Monroe Manor

1910 Monroe StMadison, WI 53711

Near West Side, Madison, WI Local Guide

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 ListingModel NameBed/BathPriced From
The Heights1 BED 1 BA – Income Restricted – 50%1BR,1BA$1,092
3722 Speedway Rd1 Bed1BR,1BA$1,500
Arbor CrossingH1 Floor Plan (60LMI Income Restricted)2BR,2BA$1,520
Oakland on MonroeThe Monroe1BR,1BA$1,595
Old University PlaceL (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 ListingModel NameBed/BathPrice Per Sq.Ft.
2615 Stevens St, Unit #A2615 Stevens St2BR,2BA$2.00
The Heights3 BED 2 BA3BR,2BA$1.83
Shorewood Apartments2BR/2.0BA2BR,2BA$1.63
Woodland Reserve Apartments2 Bed, 1 Bath Immediate Move-In2BR,1BA$1.64
Arbor CrossingB Floor Plan (Fully Furnished)2BR,2BA$3.35
2104 University Ave2 Bed/1 Bath2BR,1BA$1.94
The UrbaneB-Style1BR,1BA$2.50
3722 Speedway Rd1 Bed1BR,1BA$2.12
Old University PlaceL (1BD Loft)1BR,1BA$2.89
Oakland on MonroeThe Monroe1BR,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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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 West Side, Madison, WI

Ranked #78

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 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

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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!