
Cheap Apartments for Rent in Waunakee, WI from $700 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Waunakee.


Waunakee Country View
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.

Arbor Lakes at Middleton

Coachlite Apartments

Overlook Pointe

Stagecoach Trail Apartments
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.

Elka Lane Apartments

Middleton Ridge Apartments

5301 Westport Rd
Madison's Best Affordable Neighborhoods
Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer

Londonderry Lofts

3733 E Karstens Dr, Unit 3725 #1

The Masters Residences

The Edge at Conservancy Commons
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

5923 Century Ave

1975 E Washington Ave
Waunakee, WI Local Guide

How much does it cost to rent an apartment in Waunakee?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Waunakee Studio Apartments | $1,350 | $975 | $2,450 |
Waunakee 1 Bedroom Apartments | $1,550 | $990 | $2,595 |
Waunakee 2 Bedroom Apartments | $1,937 | $1,111 | $3,250 |
Waunakee 3 Bedroom Apartments | $2,128 | $1,320 | $3,550 |
Browse Top Apartments in Waunakee
See all Apartments in WaunakeeExplore Waunakee
Waunakee, WI Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Waunakee Apartments for Rent and Nearby
 The cheapest available apartment rental in Waunakee, WI is a Studio unit found at Madison and Main priced from $925. Arbor Lakes at Middleton in the Lakeview Dane neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $975. Here is today’s list of the most affordable Waunakee apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Madison and Main | A3 | Studio,1BA | $925 |
Arbor Lakes at Middleton | Studio | Studio,1BA | $975 |
Coachlite Apartments | 1 bd | 1BR,1BA | $1,049 |
PMM + MS | 1 Bedroom | 1BR,1BA | $1,100 |
PMM | 1 Bedroom 1 Bath-The Charley | 1BR,1BA | $1,150 |
COUNTRY GLEN | 2 Bed/ 1 Bath | 2BR,1BA | $1,200 |
Kearney Meadows Apartments | 1 Bedroom Loft | 1BR,1BA | $1,205 |
Highland Ridge | D | 1BR,1BA | $1,210 |
Village on Main | 2 Bedroom A | 2BR,1BA | $1,288 |
Best Value Apartments for Rent in Waunakee, WI and Nearby
As of June 12, 2025 the best value apartment in the Waunakee area is the $1.27 price per square foot Redspire Model at 6820-6850 Redspire Ln in the starting from $2,799. The second greatest value Waunakee apartment is the 2 Bed 2 Bath Model at The Laurel at Kilkenny starting at $1,995 with a $1.64 price per square foot . Here is today’s list of the best values for Waunakee apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
6820-6850 Redspire Ln | Redspire | 3BR,2.5BA | $1.27 |
The Laurel at Kilkenny | 2 Bed 2 Bath | 2BR,2BA | $1.64 |
Northern Bluffs | Sandstone | 3BR,1BA | $1.18 |
Middleton Shores Apartments | 2BR/2BA Loft | 2BR,2BA | $1.66 |
210 Omalley St | B | 2BR,1.5BA | $1.42 |
COUNTRY GLEN | 2 Bed/ 1 Bath | 2BR,1BA | $1.30 |
Village on Main | 2 Bedroom A | 2BR,1BA | $1.51 |
3733 E Karstens Dr, Unit 3725 #1 | 3733 E Karstens Dr | 2BR,1BA | $1.47 |
Overlook Pointe | Vanguard | 2BR,1BA | $1.68 |
Coachlite Apartments | 1 bd | 1BR,1BA | $1.50 |
Quick 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 Lifestyle
Ranked #
Pet Friendliness Lifestyle Score
Best Local Schools in Waunakee, WI
Waunakee Prairie Elementary
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waunakee, WI Rentals by Map
See the most popular apartments and homes in Waunakee, WI
Getting Around Waunakee, WI
Walk Score®
34 / 100
Car-Dependent
Most errands require a car
Bike Score®
51 / 100
Bikeable
Some bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Waunakee Apartments
What is the Cheapest Studio apartment in Waunakee?
Currently the most affordable Cheap Studio Apartment in Waunakee is at Madison and Main listed at $925.
How much is rent for a Cheap One Bedroom Waunakee Apartment?
The lowest price for a Cheap One Bedroom Waunakee Apartment is $1,049 at Coachlite Apartments.
What is the lowest price for a Cheap Two Bedroom Waunakee Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waunakee is starting from $1,200 at COUNTRY GLEN.
What is the most affordable Waunakee Three Bedroom Apartment?
The best deal on a cheap Waunakee Three Bedroom Apartment rental is at Northern Bluffs and starts from $1,320.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.