Cheap Homes for Rent in South Madison Neighborhood of Madison, WI from $800 (7 Rentals)

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

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
Pirate Island ApartmentsStudioStudio,1BA$1,020

Best Value Apartments for Rent in South Madison, WI

As of September 11, 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
Park Cedar ApartmentsTwo Bedroom, One Bath2BR,1BA$1.47
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
Monona Shores Apartments2BR/1BA2BR,1BA$1.46
Colonial Apartments1 Br1BR,1BA$1.40
Avalon Madison Village1 Bedroom 60%1BR,1BA$1.29

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Pet Friendly Lifestyle
South Madison, Madison, WI

Ranked #45

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 South Madison

What type of rentals are currently available in South Madison?

There are currently 147 Apartments for Rent in South Madison, WI with pricing that ranges from $800 to $3,095. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Madison ranging from $1,290 to $2,895.

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 $1,290 to $2,895 with an average monthly rent of $1,926.

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 $1,975 to $2,895. Four Bedroom Single-Family rentals are also available starting from $2,650 and Four Bedroom Apartments start at $2,495.

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.

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 The Rental Move-In Inspection Checklist: A Guide for Renters article

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.