
Cheap Homes for Rent in South Madison Neighborhood of Madison, WI from $1,300 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the South Madison area of Madison.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

1129 Catalpa Cir
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.
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 | $1,420 | $1,350 | $1,490 |
| South Madison 3 Bedroom Homes for Rent | $2,741 | $2,080 | $3,995 |
| South Madison 4 Bedroom Homes for Rent | $4,347 | $4,200 | $4,495 |
Browse Homes for Rent in this Neighborhood
There are currently 2 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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Best Value Apartments for Rent in South Madison, WI
As of May 28, 2026 the best value apartment in the South Madison area is the $1.10 price per square foot 5910 Monona Dr Model at 5910 Monona Dr, Unit Monona Apt in the in the Pflaum Road neighborhood starting from $2,195. The second greatest value South Madison apartment is the 2br special Model at Colonial Apartments starting at $1,440 with a $1.15 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 5910 Monona Dr, Unit Monona Apt | 5910 Monona Dr | 2BR,2BA | $1.10 |
| Colonial Apartments | 2br special | 2BR,1BA | $1.15 |
| Park Cedar Apartments | Two Bedroom, One Bath | 2BR,1BA | $1.47 |
| The Royal | A3 Floor Plan (80LMI Income Restricted) | 2BR,2BA | $1.46 |
| River Bend Apartments at the Arboretum | White Pine | 2BR,1BA | $1.45 |
| Kensington Pointe Apartments | 2bdrr | 2BR,1BA | $1.51 |
| Gardens on Hillcrest | 2 Bed 1 Bath | 2BR,1BA | $1.67 |
| Lake Point Terrace | Reef | 1BR,1BA | $1.60 |
| Lake Point Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.57 |
| The Rockwell Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.53 |
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 #42
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 153 Apartments for Rent in South Madison, WI with pricing that ranges from $875 to $3,200. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Madison ranging from $1,350 to $4,495.
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 $1,350 to $4,495 with an average monthly rent of $2,535.
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

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.

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.

An Insiders 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.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.