Cheap Apartments for Rent in the South Madison Neighborhood of Madison, WI from $700 (42 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Madison area of Madison.

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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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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Madison's Best Affordable Neighborhoods

Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer

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1029 W Badger Rd
1 Bedroom Apartments

1029 W Badger Rd

1029 W Badger RdMadison, WI 53713
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Shenandoah Apartments
1 to 2 Bedroom Apartments

Shenandoah Apartments

1331 South StMadison, WI 53715
  • Utilities Included
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Badger Corner
2 Bedroom Apartments

Badger Corner

902 W Badger RdMadison, WI 53713
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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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2606-2608 Ardsley Cir
1 to 2 Bedroom Apartments

2606-2608 Ardsley Cir

2606-2608 Ardsley CirMadison, WI 53713
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910 W Badger Rd
2 Bedroom Apartments

910 W Badger Rd

910 W Badger RdMadison, WI 53713
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905 Magnolia Ln
2 Bedroom Apartments

905 Magnolia Ln

905 Magnolia LnMadison, WI 53713
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-42, Page 1 of 1

South Madison, Madison, WI Local Guide

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 Oakridge Apartments priced from $800. Seven Oaks Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here are the most affordable South Madison apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Oakridge ApartmentsStudioStudio,1BA$800
Seven Oaks ApartmentsEffStudio,1BA$875
Avalon Madison Village1 Bedroom 60%1BR,1BA$1,005
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1,045
Pirate Island ApartmentsStudioStudio,1BA$1,050
8Twenty Park1 Bed- Income Restriction 50%1BR,1BA$1,086
Nakoma CommonsStudioStudio,1BA$1,095
Colonial Apartments1 Br1BR,1BA$1,095
Lake Point TerraceReef1BR,1BA$1,096
Arbor Arms Apartments1 Bed Arborville1BR,1BA$1,100

Best Value Apartments for Rent in South Madison, WI

As of July 25, 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 2bdrr Model at Kensington Pointe Apartments starting at $1,465 with a $1.47 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Park Cedar ApartmentsTwo Bedroom, One Bath2BR,1BA$1.47
Kensington Pointe Apartments2bdrr2BR,1BA$1.47
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1.16
Town's Edge Apartments3 Bed 1 Bath3BR,1BA$1.64
Monona Shores Apartments2BR/1BA2BR,1BA$1.46
Colonial Apartments1 Br1BR,1BA$1.37
Capitol View Apartments2 Bed 1.5 Bath2BR,1.5BA$1.51
Avalon Madison Village1 Bedroom 60%1BR,1BA$1.29
Heritage Monona Senior ApartmentsOne-Bedroom (Income Restricted)1BR,1BA$1.64
Lake Point TerraceReef1BR,1BA$1.57

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
South Madison, Madison, WI

Ranked #31

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 a cheap apartment in South Madison?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Madison is under $1,100.

What is the price of a cheap apartment in South Madison?

The cheapest apartment in South Madison is Seven Oaks Apartments which is listed at $945, while the average apartment in South Madison costs $2,700.

What types of apartments are the cheapest in South Madison?

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 18 regular apartments in South Madison that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

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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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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.

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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.

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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.