Cheap Apartments for Rent in Waunakee, WI from $700 (24 Rentals)

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

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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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Northpointe
2 to 3 Bedroom Apartments

Northpointe

609 Vera CtMadison, WI 53704
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Harper Apartments
Studio to 2 Bedroom Apartments

Harper Apartments

405 Troy DrMadison, WI 53704
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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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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 Coachlite Apartments in the Lake Windsor neighborhood priced from $1,049. Northern Bluffs in the Berkeley Oaks neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $1,219. Here is today’s list of the most affordable Waunakee apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Coachlite Apartments1 bd1BR,1BA$1,049
Northern BluffsSandstone3BR,1BA$1,219
Arbor Lakes at MiddletonOne Bedroom B1BR,1BA$1,220
Monarch at Middleton Shores11BR,1BA$1,225
Sunset Lane Apartments2 Bed/ 1 Bath2BR,1BA$1,250

Best Value Apartments for Rent in Waunakee, WI and Nearby

As of September 14, 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 314 E Main St Model at 314 E Main St, Unit 2 starting at $2,250 with a $1.67 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$1.27
314 E Main St, Unit 2314 E Main St3BR,1BA$1.67
The Laurel at Kilkenny2 Bed 2 Bath2BR,2BA$1.64
Middleton Ridge Apartments1 Bedroom plus Loft2BR,2BA$1.52
Northern BluffsAmber2BR,1BA$1.22
210 Omalley StD2BR,1.5BA$1.46
Dane Townhomes2 Bed/ 1.5 Bath2BR,1.5BA$1.34
Sunset Lane Apartments2 Bed/ 1 Bath2BR,1BA$1.41
Overlook PointeVanguard2BR,1BA$1.68
Coachlite Apartments1 bd1BR,1BA$1.50

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Pet Friendly Lifestyle
Waunakee, WI

Ranked #102

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!

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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 Tribeca Village listed at $1,317.

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 $1,250 at Sunset Lane Apartments.

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 $1,219.

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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.