
Cheap Apartments for Rent in the South Madison Neighborhood of Madison, WI from $700 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Madison area of Madison.


Pheasant Ridge

Avalon Madison Village

Lake Point Terrace

The Ridge 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.

Park House Apartments

8Twenty Park

Nakoma Commons

River Bend Apartments at the Arboretum

Arbor Arms Apartments

The Rockwell Apartments

Park Village Apartments

Capitol View Apartments

Coachlight Village Apartments
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.

Town's Edge Apartments

Maple Glen Apartment Homes

Petra Apartments

Brighton Square

Sycamore Woods

Southview 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

Catalpa Crossing Apartments

Kensington Pointe 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.

Pirate Island Apartments
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.

Colonial Apartments

Besa Monona

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 | $1,386 | $800 | $1,799 |
South Madison 1 Bedroom Apartments | $1,416 | $950 | $2,495 |
South Madison 2 Bedroom Apartments | $1,570 | $1,048 | $2,949 |
South Madison 3 Bedroom Apartments | $1,893 | $1,365 | $3,095 |
South Madison 4 Bedroom Apartments | $2,700 | $2,700 | $2,700 |
Browse Apartments in this Neighborhood
There are currently 42 rentals with your search options within a 2 mile radius of the South Madison Neighborhood of Madison, WI.
See all Apartments in MadisonExplore Madison
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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Oakridge Apartments | Studio | Studio,1BA | $800 |
Seven Oaks Apartments | Eff | Studio,1BA | $875 |
Avalon Madison Village | 1 Bedroom 60% | 1BR,1BA | $1,005 |
Executive East Apartments | 1 Bedroom/1 Bathroom | 1BR,1BA | $1,045 |
Pirate Island Apartments | Studio | Studio,1BA | $1,050 |
8Twenty Park | 1 Bed- Income Restriction 50% | 1BR,1BA | $1,086 |
Nakoma Commons | Studio | Studio,1BA | $1,095 |
Colonial Apartments | 1 Br | 1BR,1BA | $1,095 |
Lake Point Terrace | Reef | 1BR,1BA | $1,096 |
Arbor Arms Apartments | 1 Bed Arborville | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Park Cedar Apartments | Two Bedroom, One Bath | 2BR,1BA | $1.47 |
Kensington Pointe Apartments | 2bdrr | 2BR,1BA | $1.47 |
Executive East Apartments | 1 Bedroom/1 Bathroom | 1BR,1BA | $1.16 |
Town's Edge Apartments | 3 Bed 1 Bath | 3BR,1BA | $1.64 |
Monona Shores Apartments | 2BR/1BA | 2BR,1BA | $1.46 |
Colonial Apartments | 1 Br | 1BR,1BA | $1.37 |
Capitol View Apartments | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.51 |
Avalon Madison Village | 1 Bedroom 60% | 1BR,1BA | $1.29 |
Heritage Monona Senior Apartments | One-Bedroom (Income Restricted) | 1BR,1BA | $1.64 |
Lake Point Terrace | Reef | 1BR,1BA | $1.57 |
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 #31
Among cities in Wisconsin 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 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.

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.