
Cheap Apartments for Rent in the South Madison Neighborhood of Madison, WI from $700 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Madison area of Madison.


Seven Oaks Apartments

Lake Point Terrace

The Rockwell Apartments
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.

Pheasant Ridge

Avalon Madison Village

Park House Apartments

Coachlight Village

Town's Edge Apartments

Southview Apartments

8Twenty Park

River Bend Apartments at the Arboretum

Arbor Arms Apartments

Nakoma Commons
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.

Capitol View Apartments

1301 Jewel Ct, Unit 1301 Jewel Ct #3

Sycamore Woods

Maple Glen Apartment Homes

Petra Apartments
Madison's Best Affordable Neighborhoods
Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer

1005 S Brooks St, Unit 3

Kensington Pointe Apartments

2101 Lake Point Dr

Monona Shores Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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Pirate Island Apartments

Executive East Apartments

Heritage Monona Senior Apartments
South Madison, Madison, WI Local Guide

How much does it cost to rent an apartment in South Madison?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
South Madison Studio Apartments | $1,385 | $900 | $1,799 |
South Madison 1 Bedroom Apartments | $1,432 | $1,000 | $2,999 |
South Madison 2 Bedroom Apartments | $1,639 | $1,048 | $3,200 |
South Madison 3 Bedroom Apartments | $2,035 | $1,545 | $3,095 |
South Madison 4 Bedroom Apartments | $2,700 | $2,700 | $2,700 |
Browse Apartments in this Neighborhood
There are currently 44 rentals with your search options within a 2 mile radius of the South Madison Neighborhood of Madison, WI.
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South Madison, Madison, WI Local Guide
- Nearby Madison neighborhoods
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Cheapest Available South Madison Apartments for Rent
 The cheapest available apartment rental in the South Madison area of Madison, WI is a Studio unit found at Seven Oaks Apartments priced from $950. Pirate Island Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $975. Here are the most affordable South Madison apartments for rent in Madison, WI:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Seven Oaks Apartments | studio | Studio,1BA | $950 |
Pirate Island Apartments | Studio | Studio,1BA | $975 |
Avalon Madison Village | 1 Bedroom 60% | 1BR,1BA | $1,005 |
Colonial Apartments | 1 Br | 1BR,1BA | $1,015 |
Executive East Apartments | 1 Bedroom/1 Bathroom | 1BR,1BA | $1,045 |
Lake Point Terrace | Reef | 1BR,1BA | $1,050 |
Town's Edge Apartments | 1 Bed 1 Bath 1023 | 1BR,1BA | $1,050 |
8Twenty Park | 1 Bed- Income Restriction 50% | 1BR,1BA | $1,086 |
Arbor Arms Apartments | 1 Bed Arborville | 1BR,1BA | $1,100 |
Bristol Arms | Oxford | 1BR,1BA | $1,130 |
Best Value Apartments for Rent in South Madison, WI
As of July 01, 2025 the best value apartment in the South Madison area is the $1.47 price per square foot Two Bedroom, One Bath Model at Park Cedar Apartments in the in the Downtown Madison neighborhood starting from $1,595. The second greatest value South Madison apartment is the 3 Bed 1.5 Bath Model at Capitol View Apartments starting at $1,475 with a $1.48 price per square foot in the South Central Side neighborhood. Here is today’s list of the best values for South Madison apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Park Cedar Apartments | Two Bedroom, One Bath | 2BR,1BA | $1.47 |
Capitol View Apartments | 3 Bed 1.5 Bath | 3BR,1.5BA | $1.48 |
Executive East Apartments | 1 Bedroom/1 Bathroom | 1BR,1BA | $1.16 |
Monona Shores Apartments | 2BR/1BA | 2BR,1BA | $1.46 |
Colonial Apartments | 1 Br | 1BR,1BA | $1.27 |
Avalon Madison Village | 1 Bedroom 60% | 1BR,1BA | $1.29 |
Heritage Monona Senior Apartments | One-Bedroom (Income Restricted) | 1BR,1BA | $1.64 |
Brighton Square | 1 Bedroom with Den | 1BR,1BA | $1.66 |
Lake Point Terrace | Reef | 1BR,1BA | $1.50 |
Pirate Island Apartments | Studio | Studio ,1BA | $1.63 |
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.
Pet Friendly LifestyleSouth Madison, Madison, WI
Ranked #42
Among neighborhoods in Madison, WI for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Getting Around the South Madison Neighborhood in Madison, WI
Walk Score®
48 / 100
Car-Dependent
Most errands require a car
Bike Score®
71 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
22 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap South Madison Apartments
What is the Cheapest Studio apartment in South Madison?
Currently the most affordable Cheap Studio Apartment in South Madison is at Seven Oaks Apartments listed at $950.
How much is rent for a Cheap One Bedroom South Madison Apartment?
The lowest price for a Cheap One Bedroom South Madison Apartment is $1,005 at Avalon Madison Village.
What is the lowest price for a Cheap Two Bedroom South Madison Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in South Madison is starting from $1,210 at Seven Oaks Apartments.
What is the most affordable South Madison Three Bedroom Apartment?
The best deal on a cheap South Madison Three Bedroom Apartment rental is at Capitol View Apartments and starts from $1,475.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.