Cheap Apartments for Rent in the South Madison Neighborhood of Madison, WI from $700 (80 Rentals)

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

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The Post
$759 - $1,950
Total Monthly Price

Total Monthly Price

Base Rent
$759 - $1,950
Total Monthly Price
$759 - $1,950
Studio to 1 Bedroom Apartments Available Now

The Post

131 E Lakeside StMadison, WI 53715
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Coachlight Village
$1,025 - $1,519
Total Monthly Price

Total Monthly Price

Base Rent
$1,025 - $1,519
Total Monthly Price
$1,025 - $1,519
1 to 2 Bedroom Apartments Available Jul 6

Coachlight Village

2609-2613 Pheasant Ridge TrlMadison, WI 53713
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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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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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Arbor Hills
$1,199 - $1,629
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $1,629
Total Monthly Price
$1,199 - $1,629
1 to 2 Bedroom Apartments Available Now

Arbor Hills

2809 Curry PkwyMadison, WI 53713
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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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Riverwood Apartments
$1,295 - $1,495
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Total Monthly Price

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$1,295 - $1,495
Total Monthly Price
$1,295 - $1,495
2 Bedroom Apartments Available Now

Riverwood Apartments

6417-6431 Bridge RdMadison, WI 53713
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902 S Brooks St, Unit 3
$1,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400
2 Bedroom Apartment Available Jul 1

902 S Brooks St, Unit 3

902 S Brooks StMadison, WI 53715
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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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The Sofia
$1,440 - $2,460
Total Monthly Price

Total Monthly Price

Base Rent
$1,440 - $2,460
Total Monthly Price
$1,440 - $2,460
Studio to 2 Bedroom Apartments Available Now

The Sofia

1252 S Park StMadison, WI 53715
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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 1 Bed unit found at The Post priced from $759. Colonial Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $990. Here are the most affordable South Madison apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
The PostOne Bedroom1BR,1BA$759
Colonial ApartmentsStudioStudio,1BA$990
Pirate Island ApartmentsStudioStudio,1BA$1,000
The Ridge Apartments1 Bed 1 Bath Interior1BR,1BA$1,005
Park House ApartmentsStudio 1 BathroomStudio,1BA$1,025
The Rockwell Apartments1 Bed 1 Bath1BR,1BA$1,035
Lake Point TerraceOne Bed One Bath1BR,1BA$1,075
Park Village Apartmentsr-1a1BR,1BA$1,095
Lake Point Apartments2 Bed 1 Bath2BR,1BA$1,099
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1,145

Best Value Apartments for Rent in South Madison, WI

As of June 14, 2026 the best value apartment in the South Madison area is the $1.10 price per square foot 5910 Monona Dr Model at 5910 Monona Dr, Unit Monona Apt in the in the Pflaum Road neighborhood starting from $2,195. The second greatest value South Madison apartment is the F Floor Plan (60LMI Income Restricted) Model at The Royal starting at $1,450 with a $1.29 price per square foot in the Pflaum Road 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.
5910 Monona Dr, Unit Monona Apt5910 Monona Dr2BR,2BA$1.10
The RoyalF Floor Plan (60LMI Income Restricted)2BR,2BA$1.29
Park Cedar ApartmentsTwo Bedroom, One Bath2BR,1BA$1.47
Riverwood Apartments2BR/2.0BA2BR,2BA$1.33
Capitol View Apartments3 Bed 1.5 Bath3BR,1.5BA$1.50
River Bend Apartments at the ArboretumWhite Pine2BR,1BA$1.45
Lake Point TerraceOne Bed One Bath1BR,1BA$1.54
Lake Point Apartments2 Bed 1 Bath2BR,1BA$1.57
The Rockwell Apartments1 Bed 1 Bath1BR,1BA$1.53
Colonial ApartmentsStudioStudio ,1BA$1.60

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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Pet Friendly Lifestyle
South Madison, Madison, WI

Ranked #41

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 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 $1,145.

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

The cheapest apartment in South Madison is The Post which is listed at $759, while the average apartment in South Madison costs $1,750.

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 10 regular apartments in South Madison 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 South Madison?

Cheap apartments in South Madison have an average cost of $244 which is $1,506 cheaper than the average rent for all rentals in South Madison.

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.

decorative image for Lakeshore to Lecture Hall: Finding Your Perfect Student Apartment in Madison, WI article

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 How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.