Cheap Apartments for Rent in the South Madison Neighborhood of Madison, WI from $700 (45 Rentals)

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

property at 1481 Carver St

1481 Carver St

MadisonWI53713
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358 E Lakeside St
1 to 2 Bedroom Apartments

358 E Lakeside St

358 E Lakeside StMadison, WI 53715
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Shenandoah Apartments
1 to 2 Bedroom Apartments

Shenandoah Apartments

1331 South StMadison, WI 53715
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Badger Apartments
2 Bedroom Apartments

Badger Apartments

902 W Badger RdMadison, WI 53713
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Avalon Madison Village
1 to 3 Bedroom Apartments

Avalon Madison Village

4647 Atticus WayMadison, WI 53711
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Wingra Shores
1 to 3 Bedroom Apartments

Wingra Shores

2628 Arbor DrMadison, WI 53711
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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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905 Magnolia Ln
2 Bedroom Apartments

905 Magnolia Ln

905 Magnolia LnMadison, WI 53713
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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 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 $950. 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$950
Pirate Island Apartments25' studioStudio,1BA$950
The Ridge Apartments1 Bed 1 Bath Interior1BR,1BA$985
Arbor Arms ApartmentsStudio Ashford ResidenceStudio,1BA$1,000
Park House ApartmentsStudio 1 BathroomStudio,1BA$1,025
Lake Point TerraceReef1BR,1BA$1,035
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1,045
Coachlight Village Apartments1BR/1.0BA1BR,1BA$1,050
Bristol ArmsOxford1BR,1BA$1,086

Best Value Apartments for Rent in South Madison, WI

As of November 02, 2025 the best value apartment in the South Madison area is the $1.23 price per square foot Oak Model at Parkside in the in the Dudgeon-Monroe neighborhood starting from $1,512. The second greatest value South Madison apartment is the Two Bedroom, One Bath Model at Park Cedar Apartments starting at $1,595 with a $1.47 price per square foot in the Downtown Madison 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.
ParksideOak2BR,2BA$1.23
Park Cedar ApartmentsTwo Bedroom, One Bath2BR,1BA$1.47
Colonial Apartments1 Br1BR,1BA$1.18
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1.16
Town's Edge Apartments2 Bed 2 Bath2BR,2BA$1.47
201 Deer Valley Rd, Unit 2201 Deer Valley Rd1BR,1BA$1.47
Capitol View Apartments2 Bed 1 Bath2BR,1BA$1.45
Petra Apartments2 Bed 1 Bath2BR,1BA$1.46
River Bend Apartments at the ArboretumCottonwood1BR,1BA$1.47
Lake Point TerraceReef1BR,1BA$1.48

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
South Madison, Madison, WI

Ranked #34

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 the Cheapest Studio apartment in South Madison?

Currently the most affordable Cheap Studio Apartment in South Madison is at Oakridge Apartments listed at $800.

How much is rent for a Cheap One Bedroom South Madison Apartment?

The lowest price for a Cheap One Bedroom South Madison Apartment is $950 at Oakridge Apartments.

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 $1,145 at Capitol View 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 Seven Oaks Apartments and starts from $1,535.

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.

decorative image for Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Madison article

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 Apartment Common Area Rules: What Renters Need to Know article

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! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.