
Cheap Homes for Rent in the South Madison Neighborhood of Madison, WI from $1,300 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the South Madison area of Madison.


930 Emerald St

1002 N Sunnyvale Ln, Unit G
Finding Your Place in Madison: Neighborhoods Close to the City’s Biggest Jobs
Finding the right Madison apartment near work is easy. Browse our guide to the best neighborhoods for professionals, from State-Langdon to Bay Creek.

1121 S Park St, Unit 206

1121 S Park St, Unit 109

5914 Anthony Plz
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

604 Bartels St, Unit 3
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 | $2,550 | $1,665 | $3,950 |
| South Madison 3 Bedroom Homes for Rent | $2,565 | $2,080 | $3,195 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the South Madison Neighborhood of Madison, WI.
Explore Madison
South Madison, Madison, WI Local Guide
- Nearby Madison neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Colonial Apartments priced from $990. The Ridge Apartments 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Colonial Apartments | Studio | Studio,1BA | $990 |
| The Ridge Apartments | 1 Bed 1 Bath Interior | 1BR,1BA | $1,005 |
| Bristol Arms | One Bed One Bath | 1BR,1BA | $1,081 |
Best Value Apartments for Rent in South Madison, WI
As of August 27, 2026 the best value apartment in the South Madison area is the $1.35 price per square foot E Floor Plan (80LMI Income Restricted) Model at The Royal in the in the Pflaum Road neighborhood starting from $1,525. The second greatest value South Madison apartment is the 2 Bed 1.5 Bath Townhome Model at Fiedler Apartments starting at $1,530 with a $1.39 price per square foot in the Dudgeon-Monroe 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. |
|---|---|---|---|
| The Royal | E Floor Plan (80LMI Income Restricted) | 2BR,2BA | $1.35 |
| Fiedler Apartments | 2 Bed 1.5 Bath Townhome | 2BR,1.5BA | $1.39 |
| Park Cedar Apartments | Two Bedroom, One Bath | 2BR,1BA | $1.47 |
| Novation Senior | 2X2 | 2BR,2BA | $1.29 |
| River Bend Apartments at the Arboretum | White Pine | 2BR,1BA | $1.45 |
| Kensington Pointe Apartments | 2bdrr | 2BR,1BA | $1.35 |
| Seven Oaks Apartments | Phantom | 2BR,1BA | $1.21 |
| 5800 Bjelde Ln | 10 | 1BR,1BA | $1.22 |
| Pirate Island Apartments | Waterside 1br | 1BR,1BA | $1.40 |
| Glendale Gardens | One Bedroom | 1BR,1BA | $1.40 |
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.
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 #38
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 157 Apartments for Rent in South Madison, WI with pricing that ranges from $875 to $4,095. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Madison ranging from $1,300 to $3,950.
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 $1,300 to $3,950 with an average monthly rent of $2,100.
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.
Helpful Local Expert Guides

Finding Your Place in Madison: Neighborhoods Close to the City's Biggest Jobs
Written by: Mike Heuer
Madison, Wisconsin, is three communities in one. It is a college town that is home to the flagship university in the University of Wisconsin system.

An Insider's Guide to 6 Reasons Why Locals Love Renting in Madison, Wisconsin
Written by: Mike Heuer
Madison is Wisconsin’s capital city and its second-largest city, with a population of more than 260,000.

Lakeshore to Lecture Hall: Finding Your Perfect Student Apartment in Madison, WI
Written by: Mike Heuer
I am Mike, your guide to student housing in the Greater Madison, Wisconsin, area. Madison is a terrific city that also is the Capital of Wisconsin.

The Expert's 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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.