
Cheap Homes for Rent in University of Wisconsin Neighborhood of Madison, WI from $500 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the University of Wisconsin area of Madison.


402 Paunack Pl, Unit 402 Paunack place
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.

510 N Franklin Ave, Unit 4

510 N Franklin Ave, Unit 2
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.
University of Wisconsin, Madison, WI Local Guide

How much does it cost to rent a home in University of Wisconsin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University of Wisconsin 2 Bedroom Homes for Rent | $2,715 | $2,195 | $3,100 |
| University of Wisconsin 3 Bedroom Homes for Rent | $2,300 | $2,300 | $2,300 |
| University of Wisconsin 4 Bedroom Homes for Rent | $4,174 | $2,749 | $5,600 |
Browse Homes for Rent in this Neighborhood
There are currently 4 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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Best Value Apartments for Rent in University of Wisconsin, WI
As of June 17, 2026 the best value apartment in the University of Wisconsin area is the $2.88 price per square foot Four Bedroom Townhome Model at Kingston Place in the in the Downtown Madison neighborhood starting from $3,459. The second greatest value University of Wisconsin apartment is the 1812 Madison St Model at 1812 Madison St, Unit #2 starting at $1,995 with a $2.18 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. |
|---|---|---|---|
| Kingston Place | Four Bedroom Townhome | 4BR,1BA | $2.88 |
| 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 |
| Humbucker Apartments | 2x1-790 | 2BR,1BA | $2.99 |
| Oakland on Monroe | The Breese | 1BR,1BA | $2.96 |
| Oak Tree Apartments | 2 Bedroom/1 Bath | 2BR,1BA | $2.48 |
| Vicinato | 1 Bed A | 1BR,1BA | $2.85 |
| 1315 Spring St | 2BR/1.0BA | 2BR,1BA | $3.00 |
| Vicino Apartments | Style L | 1BR,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 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 #75
Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about University of Wisconsin
What type of rentals are currently available in University of Wisconsin?
There are currently 118 Apartments for Rent in University of Wisconsin, WI with pricing that ranges from $715 to $3,105. There are also 9 Single Family Homes for rent, Condos, and Townhome rentals currently available in University of Wisconsin ranging from $599 to $5,600.
What is the current price range for Rental Homes in University of Wisconsin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in University of Wisconsin ranges from $599 to $5,600 with an average monthly rent of $2,481.
How much are larger Three and Four Bedroom Rentals in University of Wisconsin?
For those who are looking for larger living arrangements, Three Bedroom Apartments in University of Wisconsin range from $965 to $2,999, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,300 to $2,300. Four Bedroom Single-Family rentals are also available starting from $2,749 and Four Bedroom Apartments start at $2,550.
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.
Articles, How-To's, and Tips

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
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
Written by: Robin Stewart
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.