Cheap Apartments for Rent in Waunakee, WI from $600 (50 Rentals)

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Search the lowest-cost Apartments available for rent right now in Waunakee.

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Heritage Hills Apartments
Rent Specials
$1,370 - $2,595
Total Monthly Price

Total Monthly Price

Base Rent
$1,370 - $2,595
Total Monthly Price
$1,370 - $2,595
Studio to 2 Bedroom Apartments Available Now

Heritage Hills Apartments

110 Breunig BlvdWaunakee, WI 53597
Student Living
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  • Utilities Included
  • 3D Tour

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.

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Village on Main
1 to 3 Bedroom Apartments

Village on Main

703 W Main StWaunakee, WI 53597
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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
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Kearney Meadows
Studio to 2 Bedroom Apartments

Kearney Meadows

200 Kearney WayWaunakee, WI 53597
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Overlook Pointe
$1,025 - $1,745
Total Monthly Price

Total Monthly Price

Base Rent
$1,025 - $1,745
Total Monthly Price
$1,025 - $1,745
Studio to 3 Bedroom Apartments Available Now

Overlook Pointe

5405 Century AveMiddleton, WI 53562
Affordability
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  • Customer Reviewed
  • Utilities Included
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Londonderry Lofts
$1,045 - $1,225
Total Monthly Price

Total Monthly Price

Base Rent
$1,045 - $1,225
Total Monthly Price
$1,045 - $1,225
Studio to 1 Bedroom Apartments Available Jul 1

Londonderry Lofts

2026 Londonderry DrMadison, WI 53704
Affordability
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  • Utilities Included

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.

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Middleton Ridge Apartments
$1,100 - $1,980
Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $1,980
Total Monthly Price
$1,100 - $1,980
Studio to 2 Bedroom Apartments Contact Us For Availability

Middleton Ridge Apartments

7100-7181 Belle Fontaine BlvdMiddleton, WI 53562
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Highland Ridge
$1,250 - $1,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $1,600
Total Monthly Price
$1,250 - $1,600
1 to 2 Bedroom Apartments Available Now

Highland Ridge

5700 Highland WayMiddleton, WI 53562
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PACKTENN
Rent Specials
$1,275 - $1,475
Total Monthly Price

Total Monthly Price

Base Rent
$1,275 - $1,475
Total Monthly Price
$1,275 - $1,475
Studio to 1 Bedroom Apartments Available May 15

PACKTENN

2024 Tennyson LnMadison, WI 53704
Pet Friendly
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  • Customer Reviewed
  • 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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Northpointe
2 to 3 Bedroom Apartments

Northpointe

609 Vera CtMadison, WI 53704
  • 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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PMM + MS
1 to 3 Bedroom Apartments

PMM + MS

2309 Monterey DrMadison, WI 53704
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PMM
1 to 2 Bedroom Apartments

PMM

1509 TrailswayMadison, WI 53704
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Lake Pointe
Studio to 2 Bedroom Apartments

Lake Pointe

5320 Westport RdMadison, WI 53704

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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Showing Results 1-50, Page 1 of 1

Waunakee, WI Local Guide

Cheapest Available Waunakee Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waunakee, WI is a 1 Bed unit found at Village on Main priced from $623. Arbor Lakes at Middleton in the Lakeview Dane neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,015. Here is today’s list of the most affordable Waunakee apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Village on Main1 Bedroom D1BR,1BA$623
Arbor Lakes at MiddletonStudioStudio,1BA$1,015
Coachlite Apartments1 bd1BR,1BA$1,049
Elka Lane Apartments1BR/1BA1BR,1BA$1,100
Stagecoach Trail Apartments1 Bedroom 1 Bath (B250)1BR,1BA$1,128
The ParkYellow BirchStudio,1BA$1,300
Madison and MainD22BR,2BA$1,330
The Edge at Conservancy Commons4958-A1BR,1BA$1,345
Dane Townhomes2 Bed/ 1.5 Bath2BR,1BA$1,350

Best Value Apartments for Rent in Waunakee, WI and Nearby

As of May 02, 2026 the best value apartment in the Waunakee area is the $1.01 price per square foot Redspire Model at 6820-6850 Redspire Ln in the in the Lake Windsor neighborhood starting from $2,228. The second greatest value Waunakee apartment is the 206 4th St Model at 206 4th St, Unit 1 starting at $2,195 with a $1.46 price per square foot . 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$1.01
206 4th St, Unit 1206 4th St3BR,2BA$1.46
Paragon Place at Bishops BayE102BR,2BA$1.63
Highland Ridge36L Loft2BR,2BA$1.23
Dane Townhomes2 Bed/ 1.5 Bath2BR,1.5BA$1.34
Overlook PointeBayside2BR,1BA$1.54
Village on Main2 Bedroom A2BR,1BA$1.56
3737 E Karstens Dr, Unit #43737 E Karstens Dr2BR,1BA$1.59
Stagecoach Trail Apartments1 Bedroom 1 Bath (B250)1BR,1BA$1.59
Coachlite Apartments1 bd1BR,1BA$1.50

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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Don'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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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.

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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 Arbor Lakes at Middleton listed at $1,025.

How much is rent for a Cheap One Bedroom Waunakee Apartment?

The lowest price for a Cheap One Bedroom Waunakee Apartment is $623 at Village on Main.

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 $1,275 at Elka Lane Apartments.

What is the most affordable Waunakee Three Bedroom Apartment?

The best deal on a cheap Waunakee Three Bedroom Apartment rental is at Dane Townhomes and starts from $1,450.

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

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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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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.

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An Insiders Guide to 6 Reasons Why Locals Love Renting in Madison, Wisconsin

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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

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

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.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

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

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.