Cheap Apartments for Rent in the South Madison Neighborhood of Madison, WI from $700 (49 Rentals)

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

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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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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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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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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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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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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Avalon Madison Village
1 to 3 Bedroom Apartments

Avalon Madison Village

4647 Atticus WayMadison, WI 53711
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2202 Luann Place
Studio to 2 Bedroom Apartments

2202 Luann Place

2202 Luann LnMadison, WI 53713
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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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Pirate Island Apartments
Rent Specials
$1,020 - $1,390
Total Monthly Price

Total Monthly Price

Base Rent
$1,020 - $1,390
Total Monthly Price
$1,020 - $1,390
Studio to 2 Bedroom Apartments Available Now

Pirate Island Apartments

706 Pirate Island RdMonona, WI 53716
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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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Colonial Apartments
$1,090 - $1,650
Total Monthly Price

Total Monthly Price

Base Rent
$1,090 - $1,650
Total Monthly Price
$1,090 - $1,650
1 to 2 Bedroom Apartments Available Now

Colonial Apartments

5424-5430 Monona DrMonona, WI 53716
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Glendale Gardens
1 Bedroom Apartments

Glendale Gardens

201 Tompkins DrMonona, WI 53716
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Besa Monona
Studio to 2 Bedroom Apartments

Besa Monona

6501 Bridge RdMonona, WI 53713
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Showing Results 1-49, 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. Pheasant Ridge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $940. Here are the most affordable South Madison apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Oakridge ApartmentsStudioStudio,1BA$800
Pheasant RidgeA1W/D1BR,1BA$940
The Ridge Apartments1 Bed 1 Bath Interior1BR,1BA$1,005
Seven Oaks ApartmentsEffStudio,1BA$1,005
Pirate Island ApartmentsStudioStudio,1BA$1,020
Park House ApartmentsStudio 1 BathroomStudio,1BA$1,025
The Rockwell Apartments1 Bed 1 Bath1BR,1BA$1,035
Town's Edge Apartments1 Bed 1 Bath 1025/10331BR,1BA$1,075
Capitol View Apartments1 Bed 1 Bath1BR,1BA$1,090
Colonial Apartments1 Br1BR,1BA$1,090

Best Value Apartments for Rent in South Madison, WI

As of March 14, 2026 the best value apartment in the South Madison area is the $1.38 price per square foot 2BR/1.5BA Model at Wingra West in the in the Downtown Madison neighborhood starting from $2,400. The second greatest value South Madison apartment is the B5 Model at Yahara Terrace starting at $2,350 with a $1.55 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.
Wingra West2BR/1.5BA2BR,1.5BA$1.38
Yahara TerraceB52BR,2BA$1.55
Park Cedar ApartmentsTwo Bedroom, One Bath2BR,1BA$1.47
River Bend Apartments at the ArboretumWhite Pine2BR,1BA$1.45
Apartments of Riverwood, LLC2 bedroom 2 bath (960)2BR,2BA$1.56
Colonial Apartments1 Br1BR,1BA$1.15
Lake Point Apartments2 Bed 1 Bath2BR,1BA$1.58
Lake Point Drive Apartments2 Bed/ 1 Bath2BR,1BA$1.38
Lake Point TerraceReef1BR,1BA$1.61
Pheasant RidgeA1W/D1BR,1BA$1.50

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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.

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Pet Friendly Lifestyle
South Madison, Madison, WI

Ranked #36

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 $1,090.

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

The cheapest apartment in South Madison is Pheasant Ridge which is listed at $940, while the average apartment in South Madison costs $2,895.

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 19 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 $138 which is $2,757 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.

Articles, How-To's, and Tips

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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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.