Cheap Apartments for Rent in the Ridgewood Neighborhood of Madison, WI from $700 (58 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Ridgewood 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.

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Prentice Park
$1,145 - $2,074
Total Monthly Price

Total Monthly Price

Base Rent
$1,145 - $2,074
Total Monthly Price
$1,145 - $2,074
1 to 3 Bedroom Apartments Available May 19

Prentice Park

803 N Thompson DrMadison, WI 53704
Pet Friendly
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View Pointe
$1,175 - $1,525
Total Monthly Price

Total Monthly Price

Base Rent
$1,175 - $1,525
Total Monthly Price
$1,175 - $1,525
1 to 2 Bedroom Apartments Available Now

View Pointe

2301 Columbus LnMadison, WI 53704
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Hunters Ridge
$1,200
Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200
1 Bedroom Apartments Contact Us For Availability

Hunters Ridge

4741 Hayes RdMadison, WI 53704
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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

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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Camden Court Apartments
Rent Specials
$1,270 - $1,985
Total Monthly Price

Total Monthly Price

Base Rent
$1,270 - $1,985
Total Monthly Price
$1,270 - $1,985
1 to 3 Bedroom Apartments Available Now

Camden Court Apartments

2601 Old Camden SqMadison, WI 53718
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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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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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property at 4521 Jade Ln

$2,400

Total Monthly Price

Total Monthly Price

Base Rent
$2,400
Total Monthly Price
$2,400

3 Bedroom, 1.5 Bath Home for Rent

Available Jun 1

4521 Jade Ln

MadisonWI53714
property at 4011 David Rd

$2,500

Total Monthly Price

Total Monthly Price

Base Rent
$2,500
Total Monthly Price
$2,500

3 Bedroom, 2 Bath Home for Rent

Available Jun 3

4011 David Rd

MadisonWI53704
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Onsgard Place
2 Bedroom Apartments

Onsgard Place

1713-1721 Onsgard RdMadison, WI 53704
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Fair Oaks Apartments
Studio Apartments

Fair Oaks Apartments

3324 Milwaukee StMadison, WI 53714
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Autumnwood
Studio to 2 Bedroom Apartments

Autumnwood

4805-4901 Lien RdMadison, WI 53704
  • 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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Showing Results 1-50, Page 1 of 2

Ridgewood, Madison, WI Local Guide

Cheapest Available Ridgewood Apartments for Rent

 

The cheapest available apartment rental in the Ridgewood 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 Ridgewood 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
Freedom Park Apartments3802 - 1 Bed / 1 Bath1BR,1BA$995
Madison Mayfair Apartments1 Bedroom1BR,1BA$999
Sandburg StudiosComfort Studio - HayesStudio,1BA$999
Heather RidgeStudioStudio,1BA$1,045
Eagle Harbor1 Bedroom 1 Bathroom1BR,1BA$1,100
Cedar RidgeRemodeled StudioStudio,1BA$1,125
Cherry Tree CrossingRemodeled StudioStudio,1BA$1,145
Canopy Collection - Canopy Trails1 bed1BR,1BA$1,149

Best Value Apartments for Rent in Ridgewood, WI

As of May 08, 2026 the best value apartment in the Ridgewood area is the $0.96 price per square foot 9 Obrien Ct Model at 9 Obrien Ct, Unit 09 O’Brien in the in the East Side neighborhood starting from $2,295. The second greatest value Ridgewood apartment is the A Model at Prairie Stone Commons starting at $1,750 with a $1.31 price per square foot in the East Madison neighborhood. Here is today’s list of the best values for Ridgewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
9 Obrien Ct, Unit 09 O’Brien9 Obrien Ct4BR,1.5BA$0.96
Prairie Stone CommonsA2BR,2BA$1.31
Rise-Madison3 Bed / 2 Bath3BR,2BA$1.55
The MeadowlandsIncome-Restricted 2 Bedroom, 2 Bath2BR,2BA$1.40
4650 Hayes Rd, Unit 34650 Hayes Rd2BR,1BA$1.44
Stonewood Villagesv2brup2BR,1BA$1.49
Madison ApartmentsBaldwin1BR,1BA$1.51
Canopy Trails I2BR/1.0BA2BR,1BA$1.65
Canopy Collection - Canopy Trails1 bed1BR,1BA$1.35
View Pointe1 BR/ 1 BA1BR,1BA$1.47

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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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.

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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
Ridgewood, Madison, WI

Ranked #51

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Ridgewood Apartments

What is a cheap apartment in Ridgewood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Ridgewood is under $1,149.

What is the price of a cheap apartment in Ridgewood?

The cheapest apartment in Ridgewood is Freedom Park Apartments which is listed at $995, while the average apartment in Ridgewood costs $2,295.

What types of apartments are the cheapest in Ridgewood?

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 188 regular apartments in Ridgewood 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 Ridgewood?

Cheap apartments in Ridgewood have an average cost of $481 which is $1,814 cheaper than the average rent for all rentals in Ridgewood.

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

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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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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.

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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 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.

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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.

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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.