Cheap Apartments for Rent in the Truax Neighborhood of Madison, WI from $400 (106 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Truax 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.

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Londonderry Lofts
$1,045 - $1,225
Total Monthly Price

Total Monthly Price

Base Rent
$1,045 - $1,225
Total Monthly Price
$1,045 - $1,225
Studio to 1 Bedroom Apartments Available Jul 1

Londonderry Lofts

2026 Londonderry DrMadison, WI 53704
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  • Utilities Included

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.

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Prentice Park
$1,145 - $2,074
Total Monthly Price

Total Monthly Price

Base Rent
$1,145 - $2,074
Total Monthly Price
$1,145 - $2,074
1 to 3 Bedroom Apartments Available May 2

Prentice Park

803 N Thompson DrMadison, WI 53704
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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.

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View Pointe
$1,195 - $1,525
Total Monthly Price

Total Monthly Price

Base Rent
$1,195 - $1,525
Total Monthly Price
$1,195 - $1,525
1 to 2 Bedroom Apartments Available Now

View Pointe

2301 Columbus LnMadison, WI 53704
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property at 107 Rethke Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

107 Rethke Ave

MadisonWI53714
property at 107 Rethke Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

107 Rethke Ave

MadisonWI53714
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Hunters Ridge
$1,200
Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200
1 Bedroom Apartments Contact Us For Availability

Hunters Ridge

4741 Hayes RdMadison, WI 53704
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Ridgeview Heights
$1,250 - $1,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $1,500
Total Monthly Price
$1,250 - $1,500
1 to 2 Bedroom Apartments Available Now

Ridgeview Heights

3154-3166 Ridgeway AveMadison, WI 53704
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PACKTENN
Rent Specials
$1,275 - $1,475
Total Monthly Price

Total Monthly Price

Base Rent
$1,275 - $1,475
Total Monthly Price
$1,275 - $1,475
Studio to 1 Bedroom Apartments Available Now

PACKTENN

2024 Tennyson LnMadison, WI 53704
Pet Friendly
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Madison's Best Affordable Neighborhoods

Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer

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Truax, Madison, WI Local Guide

Cheapest Available Truax Apartments for Rent

 

The cheapest available apartment rental in the Truax area of Madison, WI is a Studio unit found at Nature Valley Apartments priced from $895. PMM + MS has the second lowest priced unit, which is a 2 Beds apartment currently listed from $900. Here are the most affordable Truax apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Nature Valley ApartmentsStudioStudio,1BA$895
PMM + MS2406 Brentwood Pkwy2BR,1BA$900
The Point on WashingtonStandard StudioStudio,1BA$949
Freedom Park Apartments3802 - 1 Bed / 1 Bath1BR,1BA$995
Madison Mayfair Apartments1 Bedroom1BR,1BA$999
Sandburg StudiosComfort Studio - HayesStudio,1BA$999
EllaB - 3 (WHEDA) Floor Plan (50LMI Income Restricted)1BR,1BA$1,090
Heather RidgeRemodeled StudioStudio,1BA$1,095
2502 Brentwood Pkwy2 Beds 1 Bath2BR,1BA$1,095

Best Value Apartments for Rent in Truax, WI

As of April 27, 2026 the best value apartment in the Truax area is the $1.41 price per square foot 3x2 Income restricted Model at Carbon at Union Corners in the in the Near East Side neighborhood starting from $1,811. The second greatest value Truax apartment is the 2 Bed / 2 Bath Model at Rise-Madison starting at $1,661 with a $1.49 price per square foot in the Near East Side neighborhood. Here is today’s list of the best values for Truax apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Carbon at Union Corners3x2 Income restricted3BR,2BA$1.41
Rise-Madison2 Bed / 2 Bath2BR,2BA$1.49
4650 Hayes Rd, Unit 34650 Hayes Rd2BR,1BA$1.44
Stonewood Villagesv2brlow2BR,1BA$1.48
2502 Brentwood Pkwy2 Beds 1 Bath2BR,1BA$1.28
2410 Brentwood Pky, Unit #C2410 Brentwood Pky2BR,1BA$1.28
2414 Brentwood Pky, Unit #A2414 Brentwood Pky2BR,1BA$1.28
PMM + MS10 Sherman Terr1BR,1BA$1.12
Canopy Collection - Canopy Trails1 bed1BR,1BA$1.35
View Pointe1 BR/ 1 BA1BR,1BA$1.49

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Pet Friendly Lifestyle
Truax, Madison, WI

Ranked #22

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Truax, Madison, WI

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Northeast Central Madison, WI. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, family-friendly amenities, raising pets, transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Truax Apartments

What is a cheap apartment in Truax?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Truax is under $1,095.

What is the price of a cheap apartment in Truax?

The cheapest apartment in Truax is PMM + MS which is listed at $950, while the average apartment in Truax costs $2,228.

What types of apartments are the cheapest in Truax?

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 276 regular apartments in Truax 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 Truax?

Cheap apartments in Truax have an average cost of $970 which is $1,258 cheaper than the average rent for all rentals in Truax.

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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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.

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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.

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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.