
Cheap Apartments for Rent in Waunakee, WI from $700 (61 Rentals)
Search the lowest-cost Apartments available for rent right now in Waunakee.


5440 Willow Rd, Unit 14

Madison & Main

Sunset Lane Apartments

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Lamphouse Apartments

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Heritage Hills Apartments

219 West Main St

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The Crest Luxury Apartments

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305 Knightsbridge Rd

The Laurel at Kilkenny
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.

Cannery Row Apartments

205 Kearney Way, Unit 201 - 202

Paragon Place at Bishops Bay

500-1124 Knightsbridge Rd

1126-1128 Sausalito Dr

Essex Apartment Homes

Kearney Meadows

Village on Main

Coachlite Apartments

Arbor Lakes
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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Overlook Pointe

Stagecoach Trail Apartments

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Londonderry Lofts

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Northshore Estates

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Middleton Ridge Apartments

Elka Lane Apartments

Woodland Commons Madison

Autumn Ridge

Lake Pointe

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Highland Ridge
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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Granite Ridge Apartments

The Masters Residences

The Park

Tribeca Village

Northern Bluffs

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The Edge at Conservancy Commons

Dane Townhomes

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3733 E Karstens Dr, Unit 3737 #2

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3737 E Karstens Dr, Unit #4

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PACKTENN
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.

3722 W Karstens Dr

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Monarch at Middleton Shores

Lake 61

Northpointe

Pine Ridge Apartments No Vacancies

610 Femrite Dr

PMM

2404 Independence Ln

1975 E Washington Ave

930 Emerald St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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 | $1,404 | $979 | $2,600 |
| Waunakee 1 Bedroom Apartments | $1,588 | $1,039 | $2,450 |
| Waunakee 2 Bedroom Apartments | $2,013 | $1,250 | $3,025 |
| Waunakee 3 Bedroom Apartments | $2,116 | $1,450 | $3,550 |
Browse Top Apartments in Waunakee
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Waunakee, WI Local Guide
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Cheapest Available Waunakee Apartments for Rent and Nearby
 The cheapest available apartment rental in Waunakee, WI is a Studio unit found at Arbor Lakes in the Lakeview Dane neighborhood priced from $1,025. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Arbor Lakes | Studio | Studio,1BA | $1,025 |
| Coachlite Apartments | 1 bd | 1BR,1BA | $1,049 |
| Elka Lane Apartments | 1BR/1BA | 1BR,1BA | $1,100 |
| Stagecoach Trail Apartments | 1 Bedroom 1 Bath (B250) | 1BR,1BA | $1,128 |
| Lake Pointe | Studio | Studio,1BA | $1,165 |
| Madison & Main | Studio A1 | 1BR,1BA | $1,225 |
| The Park | Yellow Birch | Studio,1BA | $1,300 |
| Village on Main | 2 Bedroom A | 2BR,1BA | $1,330 |
| The Edge at Conservancy Commons | 4958-A | 1BR,1BA | $1,345 |
Best Value Apartments for Rent in Waunakee, WI and Nearby
As of June 17, 2026 the best value apartment in the Waunakee area is the $1.57 price per square foot 2 Bed 2 Bath Model at The Laurel at Kilkenny in the starting from $1,915. The second greatest value Waunakee apartment is the Sandstone Model at Northern Bluffs starting at $1,471 with a $1.29 price per square foot in the Berkeley Oaks neighborhood. 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. |
|---|---|---|---|
| The Laurel at Kilkenny | 2 Bed 2 Bath | 2BR,2BA | $1.57 |
| Northern Bluffs | Sandstone | 3BR,1BA | $1.29 |
| Monarch at Middleton Shores | 2 BR/2B N | 2BR,2BA | $1.65 |
| 305 Knightsbridge Rd | 305 Knightsbridge Rd | 2BR,1BA | $1.48 |
| Overlook Pointe | Bayside | 2BR,1BA | $1.54 |
| Village on Main | 2 Bedroom A | 2BR,1BA | $1.56 |
| 3737 E Karstens Dr, Unit #4 | 3737 E Karstens Dr | 2BR,1BA | $1.59 |
| Stagecoach Trail Apartments | 1 Bedroom 1 Bath (B250) | 1BR,1BA | $1.59 |
| Coachlite Apartments | 1 bd | 1BR,1BA | $1.50 |
| Elka Lane Apartments | 1BR/1BA | 1BR,1BA | $1.64 |
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.
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
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 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 $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 $1,330 at Village on Main.
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 $1,471.
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.