Cheap Apartments for Rent in the The Isthmus Neighborhood of Madison, WI from $400 (155 Rentals)

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Search the lowest-cost Apartments available for rent right now in the The Isthmus area of Madison.

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The Isthmus, Madison, WI Local Guide

Cheapest Available The Isthmus Apartments for Rent

 

The cheapest available apartment rental in the The Isthmus area of Madison, WI is a Studio unit found at 106 S Hancock St priced from $890. 632 Howard Place has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable The Isthmus apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
106 S Hancock StStudioStudio,1BA$890
632 Howard Place632 Howard Place - 304Studio,1BA$895
Gargano Propertiesone1BR,1BA$900
421 W Gilman St421 Gilman 1 Bedroom1BR,1BA$990
Capital Park ApartmentsEfficiencyStudio,1BA$999
Courtyard Apartments0BR/1.0BAStudio,1BA$1,060
City RowA4 (50LMI Income Restricted)Studio,1BA$1,070
Morgan House1 Bedroom, 1 Bathroom1BR,1BA$1,200

Best Value Apartments for Rent in The Isthmus, WI

As of January 24, 2026 the best value apartment in the The Isthmus area is the $1.25 price per square foot 17 N Bassett St Model at 17 N Bassett St, Unit 2 in the in the The Isthmus neighborhood starting from $2,360. The second greatest value The Isthmus apartment is the 110 S Blair St Model at 110 S Blair St, Unit 2 starting at $1,600 with a $1.19 price per square foot in the The Isthmus neighborhood. Here is today’s list of the best values for The Isthmus apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
17 N Bassett St, Unit 217 N Bassett St4BR,2BA$1.25
110 S Blair St, Unit 2110 S Blair St3BR,1BA$1.19
453 W Mifflin St, Unit 1453 W Mifflin St3BR,1BA$1.38
857 E Gorham St, Unit 857857 E Gorham St3BR,1BA$1.35
22 N Hancock StTwo-Bedroom2BR,1BA$1.33
City PlaceTwo Bedroom Two Bathroom2BR,2BA$1.59
Gargano Propertiesone1BR,1BA$0.88
229 Lakelawn *Student Housing*4 Bedroom 26-27 School Year / Room4BR,3BA$1.18
450 W Washington Ave, Unit 3450 W Washington Ave1BR,1BA$1.20
451 W Mifflin St, Unit 3451 W Mifflin St2BR,1BA$1.27

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.

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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.

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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.

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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.

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Quick Rent Budget Calculator

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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.

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Lifestyle Ratings

Our team of engineers and researchers is happy to bring you comprehensive Lifestyle Ratings of rentals in cities across the United States and customized analysis for Central Madison. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, places that make kids happy, raising pets, transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap The Isthmus Apartments

What is a cheap apartment in The Isthmus?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in The Isthmus is under $1,200.

What is the price of a cheap apartment in The Isthmus?

The cheapest apartment in The Isthmus is Gargano Properties which is listed at $900, while the average apartment in The Isthmus costs $9,500.

What types of apartments are the cheapest in The Isthmus?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 69 regular apartments in The Isthmus that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in The Isthmus?

Cheap apartments in The Isthmus have an average cost of $1,161 which is $8,339 cheaper than the average rent for all rentals in The Isthmus.

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

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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.

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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.

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.