
Cheap Apartments for Rent in the University of Wisconsin Neighborhood of Madison, WI from $700 (46 Rentals)
Search the lowest-cost Apartments available for rent right now in the University of Wisconsin area of Madison.


1205 Chandler St

1301 Spring St

Allen House Apartments

University Bay

Total Monthly Price
Vicino Apartments

Casa Blanca

413 Paunack Pl

Park Terrace West Apartments - Location is Everything!
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.

1719 Chadbourne Ave

Total Monthly Price
223 S Mills St, Unit 1N

Lakepoint Commons

Total Monthly Price
2143 University Ave, Unit #1

Total Monthly Price
402 Paunack Pl, Unit 2

402 Paunack Pl, Unit 402 Paunack place

Old University Place

Arbor Crossing

University Heights
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.

Stadium Lofts

2001-2003 University Ave

2632 Stevens St

1937 University Ave

Oak Tree Apartments

45 N Orchard St

Otto's House

Randall Station

1019 Milton St
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.

Hedvin House

2102

Franklin Terrace

Orchard Court

302 S Mills St.

Vantage Point

College Station

Birge House

Kingston Place
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.

2737 Lynn Ter

Russell Terrace

Hamelin House

1315 Spring St

2605 University Ave

1040 Spring St

Monroe Manor

2019 University Ave

210 N Charter St
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.

Koval House
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 | $1,310 | $715 | $1,755 |
| University of Wisconsin 1 Bedroom Apartments | $1,659 | $1,124 | $2,495 |
| University of Wisconsin 2 Bedroom Apartments | $2,220 | $1,353 | $3,105 |
| University of Wisconsin 3 Bedroom Apartments | $2,332 | $1,775 | $2,899 |
| University of Wisconsin 4 Bedroom Apartments | $2,600 | $2,550 | $2,700 |
Browse Apartments in this Neighborhood
There are currently 46 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 45 N Orchard St priced from $750. Vicino Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,061. Here are the most affordable University of Wisconsin apartments for rent in Madison, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 45 N Orchard St | 0x1-200 | Studio,1BA | $750 |
| Vicino Apartments | Style F1 | Studio,1BA | $1,061 |
| Allen House Apartments | 1x1-327 | 1BR,1BA | $1,124 |
| 1315 Spring St | 1BR/1.0BA | 1BR,1BA | $1,279 |
| Stadium Lofts | Studio - Style B | Studio,1BA | $1,425 |
| Oak Tree Apartments | 2 Bed/2 Bath w/laundry - HUGE DISCOUNT! | 2BR,2BA | $1,500 |
| 1309 Spring St | 2BR/1.0BA | 2BR,1BA | $1,589 |
| The Heights | 2BED 2BA (60%) | 2BR,2BA | $1,595 |
| 501 Shepard Terrace | 2 Bed 1 Bath | 2BR,1BA | $1,725 |
| Vicinato | 1 Bed A | 1BR,1BA | $1,775 |
Best Value Apartments for Rent in University of Wisconsin, WI
As of June 04, 2026 the best value apartment in the University of Wisconsin area is the $2.54 price per square foot Apartment 201 Model at Greenbush Apartments in the in the Downtown Madison neighborhood starting from $3,695. The second greatest value University of Wisconsin apartment is the Townhomes Model at Empire Place starting at $2,325 with a $1.79 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. |
|---|---|---|---|
| Greenbush Apartments | Apartment 201 | 3BR,3BA | $2.54 |
| Empire Place | Townhomes | 2BR,2BA | $1.79 |
| 2104 University Ave | 2 Bed/1 Bath | 2BR,1BA | $1.94 |
| 1812 Madison St, Unit #2 | 1812 Madison St | 3BR,1BA | $2.18 |
| The Heights | 1 BED 1 BA | 1BR,1BA | $2.28 |
| 501 Shepard Terrace | 2 Bed 1 Bath | 2BR,1BA | $2.16 |
| Oakland on Monroe | The Breese | 1BR,1BA | $2.96 |
| Vicino Apartments | Style A1 | 1BR,1BA | $2.84 |
| Oak Tree Apartments | 2 Bedroom/1 Bath | 2BR,1BA | $2.48 |
| Vicinato | 1 Bed A | 1BR,1BA | $2.85 |
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 LifestyleUniversity Of Wisconsin, Madison, WI
Ranked #76
Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet 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 $1,775.
What is the price of a cheap apartment in University of Wisconsin?
The cheapest apartment in University of Wisconsin is Vicino Apartments which is listed at $1,093, while the average apartment in University of Wisconsin costs $2,550.
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 49 regular apartments in University of Wisconsin that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
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Creative Ways Developers Reimagine Retail Spaces as Residential Units
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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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
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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.