
Cheap Homes for Rent in South Madison Neighborhood of Madison, WI from $800 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the South Madison area of Madison.


934 High St

4211 W Beltline Hwy
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.

6311 Ford St

529 W Olin Ave
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.
South Madison, Madison, WI Local Guide

How much does it cost to rent a home in South Madison?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| South Madison 2 Bedroom Homes for Rent | $2,175 | $1,550 | $3,000 |
| South Madison 3 Bedroom Homes for Rent | $2,326 | $800 | $4,000 |
| South Madison 4 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the South Madison Neighborhood of Madison, WI.
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South Madison, Madison, WI Local Guide
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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 $950. 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 | $950 |
| Pirate Island Apartments | 25' studio | Studio,1BA | $950 |
Best Value Apartments for Rent in South Madison, WI
As of November 01, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Parkside | Oak | 2BR,2BA | $1.23 |
| Park Cedar Apartments | Two Bedroom, One Bath | 2BR,1BA | $1.47 |
| Colonial Apartments | 1 Br | 1BR,1BA | $1.18 |
| Executive East Apartments | 1 Bedroom/1 Bathroom | 1BR,1BA | $1.16 |
| Town's Edge Apartments | 2 Bed 2 Bath | 2BR,2BA | $1.47 |
| 201 Deer Valley Rd, Unit 2 | 201 Deer Valley Rd | 1BR,1BA | $1.47 |
| Capitol View Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.45 |
| Petra Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.46 |
| River Bend Apartments at the Arboretum | Cottonwood | 1BR,1BA | $1.47 |
| Lake Point Terrace | Reef | 1BR,1BA | $1.48 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleQuick 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 #34
Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about South Madison
What type of rentals are currently available in South Madison?
There are currently 146 Apartments for Rent in South Madison, WI with pricing that ranges from $800 to $3,095. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Madison ranging from $800 to $4,000.
What is the current price range for Rental Homes in South Madison?
Today's rental pricing for Homes for Rent, Condos and Townhomes in South Madison ranges from $800 to $4,000 with an average monthly rent of $2,112.
How much are larger Three and Four Bedroom Rentals in South Madison?
For those who are looking for larger living arrangements, Three Bedroom Apartments in South Madison range from $1,226 to $3,095, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $2,395.
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.
