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.

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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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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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Showing Results 1-45, 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. Avalon Madison Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,005. Here are the most affordable South Madison apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Oakridge ApartmentsStudioStudio,1BA$800
Avalon Madison Village1 Bedroom 60%1BR,1BA$1,005
The Ridge Apartments1 Bed 1 Bath Corner1BR,1BA$1,010
Pirate Island ApartmentsStudioStudio,1BA$1,020
Park House ApartmentsStudio 1 BathroomStudio,1BA$1,025
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1,045
Nakoma CommonsStudioStudio,1BA$1,075
8Twenty Park1 Bed- Income Restriction 50%1BR,1BA$1,086
Sycamore WoodsThe Fig - 1 Bedroom1BR,1BA$1,100

Best Value Apartments for Rent in South Madison, WI

As of September 14, 2025 the best value apartment in the South Madison area is the $1.44 price per square foot 3BR/3.0BA Model at Wingra West in the in the Downtown Madison neighborhood starting from $3,600. The second greatest value South Madison apartment is the Two-Bedroom (Income Restricted) Model at Heritage Monona Senior Apartments starting at $1,395 with a $0.79 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 West3BR/3.0BA3BR,3BA$1.44
Heritage Monona Senior ApartmentsTwo-Bedroom (Income Restricted)2BR,1BA$0.79
Fiedler Apartments2 Bed 1.5 Bath Townhome2BR,1.5BA$1.35
1042 Erin St, Unit 11042 Erin St1BR,1BA$1.30
Apartments of Riverwood, LLC2 Bedroom 1 Bath2BR,1BA$1.44
1319 Drake St, Unit #21319 Drake St1BR,1BA$1.08
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1.16
Colonial Apartments1 Br1BR,1BA$1.40
Capitol View Apartments2 Bed 1 Bath2BR,1BA$1.45
Avalon Madison Village1 Bedroom 60%1BR,1BA$1.29

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
South Madison, Madison, WI

Ranked #42

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 Oakridge Apartments which is listed at $950, while the average apartment in South Madison costs $2,572.

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 11 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 $367 which is $2,205 cheaper than the average rent for all rentals in South Madison.

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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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.