
Cheap Apartments for Rent in the University of Wisconsin Neighborhood of Madison, WI from $500 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the University of Wisconsin area of Madison.


Vicino Madison

University Bay

Allen House Apartments

Casa Blanca

413 Paunack Pl
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Orchard Court

College Station

1309 Spring St

45 N Orchard St

Randall Park Rentals

Otto's House
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1019 Milton St

Hedvin House

2102

Franklin Terrace

302 S Mills St.

Vantage Point
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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.

Birge House

Kingston Place

2737 Lynn Ter

Russell Terrace

Hamelin House

2605 University Ave
Madison's Best Affordable Neighborhoods
Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer

1040 Spring St

Monroe Manor

210 N Charter St
University of Wisconsin, Madison, WI Local Guide

How much does it cost to rent an apartment in University of Wisconsin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University of Wisconsin Studio Apartments | $1,385 | $925 | $1,867 |
| University of Wisconsin 1 Bedroom Apartments | $1,795 | $1,093 | $2,889 |
| University of Wisconsin 2 Bedroom Apartments | $2,140 | $1,299 | $3,450 |
| University of Wisconsin 3 Bedroom Apartments | $2,830 | $1,775 | $4,295 |
| University of Wisconsin 4 Bedroom Apartments | $3,599 | $2,550 | $3,899 |
Browse Apartments in this Neighborhood
There are currently 27 rentals with your search options within a 1 mile radius of the University of Wisconsin Neighborhood of Madison, WI.
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University of Wisconsin, Madison, WI Local Guide
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Cheapest Available University of Wisconsin Apartments for Rent
 The cheapest available apartment rental in the University of Wisconsin area of Madison, WI is a Studio unit found at 1301 Spring St priced from $925. University Bay has the second lowest priced unit, which is a Studio apartment currently listed from $1,079. Here are the most affordable University of Wisconsin apartments for rent in Madison, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1301 Spring St | Studios Available 8/15/23 | Studio,1BA | $925 |
| University Bay | Studio | Studio,1BA | $1,079 |
| Allen House Apartments | 0x1-390 | Studio,1BA | $1,149 |
| Casa Blanca | Studio A | Studio,1BA | $1,159 |
| 1309 Spring St | 2BR/1.0BA | 2BR,1BA | $1,299 |
| Old University Place | A | Studio,1BA | $1,479 |
| University Heights | A | Studio,1BA | $1,499 |
| Oak Tree Apartments | 2 Bed/2 Bath w/laundry - HUGE DISCOUNT! | 2BR,2BA | $1,500 |
| Vicinato | Studio E | Studio,1BA | $1,530 |
| The Heights | 2BED 2BA (60%) | 2BR,2BA | $1,595 |
Best Value Apartments for Rent in University of Wisconsin, WI
As of February 05, 2026 the best value apartment in the University of Wisconsin area is the $1.54 price per square foot 2 BED 2 BA Model at The Heights in the in the Downtown Madison neighborhood starting from $1,885. The second greatest value University of Wisconsin apartment is the 3BR/1.0BA Model at Park Terrace West Apartments - Location is Everything! starting at $2,999 with a $2.51 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Heights | 2 BED 2 BA | 2BR,2BA | $1.54 |
| Park Terrace West Apartments - Location is Everything! | 3BR/1.0BA | 3BR,1BA | $2.51 |
| Oakland on Monroe | The Randall | 2BR,2BA | $3.09 |
| 2104 University Ave | 2 Bed/1 Bath | 2BR,1BA | $1.94 |
| Humbucker Apartments | 2x1-790 | 2BR,1BA | $2.99 |
| Longfellow Lofts | Historic - 1 Bedroom 1 Bath | 1BR,1BA | $2.34 |
| The Urbane | B-Style | 1BR,1BA | $2.50 |
| Oak Tree Apartments | 2 Bedroom/1 Bath | 2BR,1BA | $2.64 |
| 1309 Spring St | 2BR/1.0BA | 2BR,1BA | $2.71 |
| Allen House Apartments | 0x1-361 | Studio ,1BA | $3.18 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash 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.
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 LifestyleUniversity Of Wisconsin, Madison, WI
Ranked #76
Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap University of Wisconsin Apartments
What is a cheap apartment in University of Wisconsin?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University of Wisconsin is under $1,595.
What is the price of a cheap apartment in University of Wisconsin?
The cheapest apartment in University of Wisconsin is Allen House Apartments which is listed at $1,279, while the average apartment in University of Wisconsin costs $4,465.
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 16 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 $650 which is $3,815 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

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.

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.

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.

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.