Cheap Apartments for Rent in Waunakee, WI from $700 (23 Rentals)

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Essex Apartment Homes
1 to 2 Bedroom Apartments

Essex Apartment Homes

5469-5471 Westshire CirWaunakee, WI 53597
Senior Living
  • 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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Cannery Row
1 to 2 Bedroom Apartments

Cannery Row

301 E 3rd StWaunakee, WI 53597
Senior Living
  • Utilities Included

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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Madison's Best Affordable Neighborhoods

Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer

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Northpointe
2 Bedroom Apartments

Northpointe

609 Vera CtMadison, WI 53704
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Showing Results 1-23, Page 1 of 1

Waunakee, WI Local Guide

Cheapest Available Waunakee Apartments for Rent

 

The cheapest available apartment rental in Waunakee, WI is a Studio unit found at Madison and Main priced from $925. Coachlite Apartments in the Lake Windsor neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,049. Here is today’s list of the most affordable Waunakee apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Madison and MainA3Studio,1BA$925
Coachlite Apartments1 bd1BR,1BA$1,049
Arbor Lakes at MiddletonOne Bedroom B1BR,1BA$1,120
PMM1 Bedroom 1 Bath-The Charley1BR,1BA$1,150
Londonderry LoftsLarge Loft1BR,1BA$1,200

Best Value Apartments for Rent in Waunakee, WI

As of July 28, 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 in the Lake Windsor neighborhood starting from $2,799. The second greatest value Waunakee apartment is the 36 L Model at Highland Ridge starting at $1,500 with a $1.28 price per square foot in the Lakeview Dane neighborhood. Here is today’s list of the best values for Waunakee apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
6820-6850 Redspire LnRedspire3BR,2.5BA$1.27
Highland Ridge36 L2BR,2BA$1.28
Northern BluffsSandstone3BR,1BA$1.08
210 Omalley StB2BR,1.5BA$1.42
Dane Townhomes2 Bed/ 1.5 Bath2BR,1.5BA$1.34
PMM + MS2 Bedroom2BR,1BA$1.45
Middleton Shores Apartments22BR,1BA$1.59
Sunset Lane Apartments2 Bed/ 1 Bath2BR,1BA$1.52
3733 E Karstens Dr, Unit 3721 #13733 E Karstens Dr2BR,1BA$1.47
Coachlite Apartments1 bd1BR,1BA$1.50

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Pet Friendly Lifestyle
Waunakee, WI

Ranked #69

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Waunakee, WI

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Waunakee, WI Rentals by Map

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See the most popular apartments and homes in Waunakee, WI

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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 $1,305 at Arbor Lakes at Middleton.

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 $1,228.

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.

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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.