Cheap Homes for Rent in South Madison Neighborhood of Madison, WI from $800 (4 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 620 Sheldon St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

1 Bedroom, 2 Bath Home for Rent

Available Now

620 Sheldon St

MadisonWI53711

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.

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

Best Value Apartments for Rent in South Madison, WI

As of February 26, 2026 the best value apartment in the South Madison area is the $1.43 price per square foot 2BR/2.0BA Model at Wingra West in the in the Downtown Madison neighborhood starting from $2,500. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Wingra West2BR/2.0BA2BR,2BA$1.43
Park Cedar ApartmentsTwo Bedroom, One Bath2BR,1BA$1.47
The RoyalA Floor Plan (60LMI Income Restricted)2BR,2BA$1.38
River Bend Apartments at the ArboretumWhite Pine2BR,1BA$1.45
Apartments of Riverwood, LLC2 bedroom 2 bath (960)2BR,2BA$1.60
Colonial Apartments1 Br1BR,1BA$1.18
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1.16
Lake Point Drive Apartments2 Bed/ 1 Bath2BR,1BA$1.38
1305 Jewel Ct, Unit 11305 Jewel Ct2BR,1BA$1.49
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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
South Madison, Madison, WI

Ranked #41

Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about South Madison

What type of rentals are currently available in South Madison?

There are currently 150 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 $850 to $3,795.

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 $850 to $3,795 with an average monthly rent of $2,124.

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

decorative image for Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Madison article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

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

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.