Cheap Apartments for Rent in the University of Wisconsin Neighborhood of Madison, WI from $500 (29 Rentals)

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

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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45 N Orchard St
Studio to 1 Bedroom Apartments

45 N Orchard St

45 N Orchard StMadison, WI 53715
  • Utilities Included
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Randall Park Rentals
Studio to 1 Bedroom Apartments

Randall Park Rentals

1308 Spring StMadison, WI 53715
Student Housing
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Otto's House
Studio to 1 Bedroom Apartments

Otto's House

2554 Kendall AveMadison, WI 53705
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1301 Spring St
Studio to 3 Bedroom Apartments

1301 Spring St

1301 Spring StMadison, WI 53715
Student Housing
  • Utilities Included
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1019 Milton St
1 Bedroom Apartments

1019 Milton St

1019 Milton StMadison, WI 53715
  • Utilities Included

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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2102
1 Bedroom Apartments

2102

2102 University AveMadison, WI 53726
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Hedvin House
1 to 2 Bedroom Apartments

Hedvin House

2217 University AveMadison, WI 53726
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Franklin Terrace
1 Bedroom Apartments

Franklin Terrace

521 N Franklin AveMadison, WI 53705
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302 S Mills St.
1 Bedroom Apartments

302 S Mills St.

302 S Mills StMadison, WI 53715
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Vantage Point
1 to 5 Bedroom Apartments

Vantage Point

1323 W Dayton StMadison, WI 53715
Student Housing
  • Utilities Included
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Birge House
1 Bedroom Apartments

Birge House

1932 University AveMadison, WI 53726
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Kingston Place
Studio to 4 Bedroom Apartments

Kingston Place

2553-2581 University AveMadison, WI 53705
  • Utilities Included

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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2737 Lynn Ter
2 Bedroom Apartments

2737 Lynn Ter

2737 Lynn TerMadison, WI 53705
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Russell Terrace
1 to 2 Bedroom Apartments

Russell Terrace

2223 University AveMadison, WI 53726
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Hamelin House
1 to 2 Bedroom Apartments

Hamelin House

302 Walnut StMadison, WI 53726
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700 UBD Apartments
Studio to 2 Bedroom Apartments

700 UBD Apartments

700 University Bay DrMadison, WI 53705
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2605 University Ave
1 to 2 Bedroom Apartments

2605 University Ave

2605-2609 University AveMadison, WI 53705
Transit Friendly
  • Utilities Included
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1040 Spring St
1 to 4 Bedroom Apartments

1040 Spring St

1040 Spring StMadison, WI 53715
  • Smoke Free
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Monroe Manor
1 to 4 Bedroom Apartments

Monroe Manor

1910 Monroe StMadison, WI 53711

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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210 N Charter St
Studio to 4 Bedroom Apartments

210 N Charter St

210 N Charter StMadison, WI 53715
  • Utilities Included

University of Wisconsin, Madison, WI Local Guide

Cheapest Available University of Wisconsin Apartments for Rent

 

The cheapest available apartment rental in the University of Wisconsin area of Madison, WI is a 1 Bed unit found at The Heights priced from $1,092. 1309 Spring St has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,485. Here are the most affordable University of Wisconsin apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
The Heights1 BED 1 BA – Income Restricted – 50%1BR,1BA$1,092
1309 Spring St2BR/1.0BA2BR,1BA$1,485
VicinatoStudio EStudio,1BA$1,495
Arbor CrossingH1 Floor Plan (60LMI Income Restricted)2BR,2BA$1,520
Oakland on MonroeThe Monroe1BR,1BA$1,595
Old University PlaceL (1BD Loft)1BR,1BA$1,639
2104 University Ave2 Bed/1 Bath2BR,1BA$1,795
The UrbaneB-Style1BR,1BA$1,900
Park Terrace West Apartments - Location is Everything!2BR/1.0BA2BR,1BA$2,249

Best Value Apartments for Rent in University of Wisconsin, WI

As of December 17, 2025 the best value apartment in the University of Wisconsin area is the $2.33 price per square foot 2615 Stevens St Model at 2615 Stevens St, Unit #A in the in the Downtown Madison neighborhood starting from $3,495. The second greatest value University of Wisconsin apartment is the 3 BED 2 BA Model at The Heights starting at $2,500 with a $1.83 price per square foot in the Downtown Madison neighborhood. Here is today’s list of the best values for University of Wisconsin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2615 Stevens St, Unit #A2615 Stevens St2BR,2BA$2.33
The Heights3 BED 2 BA3BR,2BA$1.83
Arbor CrossingB Floor Plan (Fully Furnished)2BR,2BA$3.35
Park Terrace West Apartments - Location is Everything!2BR/1.0BA2BR,1BA$2.29
2104 University Ave2 Bed/1 Bath2BR,1BA$1.94
The UrbaneB-Style1BR,1BA$2.50
Old University PlaceL (1BD Loft)1BR,1BA$2.89
Oakland on MonroeThe Monroe1BR,1BA$3.18
1309 Spring St2BR/1.0BA2BR,1BA$3.09
VicinatoStudio EStudio ,1BA$3.48

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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Pet Friendly Lifestyle
University Of Wisconsin, Madison, WI

Ranked #76

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap University of Wisconsin Apartments

What is the price of a cheap apartment in University of Wisconsin?

The cheapest apartment in University of Wisconsin is The Heights which is listed at $1,092, while the average apartment in University of Wisconsin costs $3,099.

What types of apartments are the cheapest in University of Wisconsin?

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 7 regular apartments in University of Wisconsin 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 University of Wisconsin?

Cheap apartments in University of Wisconsin have an average cost of $614 which is $2,485 cheaper than the average rent for all rentals in University of Wisconsin.

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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!