Cheap Apartments for Rent in Waunakee, WI from $700 (61 Rentals)

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

property at 5440 Willow Rd

$1,125

Total Monthly Price

Total Monthly Price

Base Rent
$1,125

Total Monthly Price
$1,125

1 Bedroom, 1 Bath Condo for Rent

Available Jun 19

5440 Willow Rd, Unit 14

5440 Willow Rd
WaunakeeWI53597
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Lamphouse Apartments
Rent Specials
$1,395 - $4,355
Total Monthly Price

Total Monthly Price

Base Rent
$1,395 - $4,355

Total Monthly Price
$1,395 - $4,355
Studio to 3 Bedroom Apartments Available Now

Lamphouse Apartments

203 E Main StWaunakee, WI 53597
Corporate Housing
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  • Customer Reviewed
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Heritage Hills Apartments
Rent Specials
$1,395 - $2,595
Total Monthly Price

Total Monthly Price

Base Rent
$1,395 - $2,595

Total Monthly Price
$1,395 - $2,595
Studio to 2 Bedroom Apartments Available Now

Heritage Hills Apartments

110 Breunig BlvdWaunakee, WI 53597
Family Friendly
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  • Utilities Included
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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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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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Village on Main
1 to 3 Bedroom Apartments

Village on Main

703 W Main StWaunakee, WI 53597

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
$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
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  • Customer Reviewed
  • Utilities Included
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Northshore Estates
$1,050 - $1,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,050 - $1,100

Total Monthly Price
$1,050 - $1,100
1 Bedroom Apartments Available Aug 5

Northshore Estates

2801 Dryden DrMadison, WI 53704
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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 Available Sep 9

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 Jul 1

Highland Ridge

5700 Highland WayMiddleton, WI 53562
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  • Utilities Included

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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PACKTENN
Rent Specials
$1,395 - $1,475
Total Monthly Price

Total Monthly Price

Base Rent
$1,395 - $1,475

Total Monthly Price
$1,395 - $1,475
1 Bedroom Apartments Available Jul 6

PACKTENN

2024 Tennyson LnMadison, WI 53704
Pet Friendly
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  • 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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Monarch at Middleton Shores
Rent Specials
$1,465 - $1,805
Total Monthly Price

Total Monthly Price

Base Rent
$1,465 - $1,805

Total Monthly Price
$1,465 - $1,805
1 to 2 Bedroom Apartments Available Jul 1

Monarch at Middleton Shores

6150 Century AveMiddleton, WI 53562
Affordability
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  • Customer Reviewed
  • Utilities Included
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Northpointe
2 to 3 Bedroom Apartments

Northpointe

609 Vera CtMadison, WI 53704
  • Utilities Included
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PMM
1 to 2 Bedroom Apartments

PMM

1509 TrailswayMadison, WI 53704
  • Utilities Included
property at 930 Emerald St

$1,300 - $2,100

1 To 3 Bedroom Rentals

Available Jul 31

930 Emerald St

MadisonWI53715

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

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 ListingModel NameBed/BathPriced From
Arbor LakesStudioStudio,1BA$1,025
Coachlite Apartments1 bd1BR,1BA$1,049
Elka Lane Apartments1BR/1BA1BR,1BA$1,100
Stagecoach Trail Apartments1 Bedroom 1 Bath (B250)1BR,1BA$1,128
Lake PointeStudioStudio,1BA$1,165
Madison & MainStudio A11BR,1BA$1,225
The ParkYellow BirchStudio,1BA$1,300
Village on Main2 Bedroom A2BR,1BA$1,330
The Edge at Conservancy Commons4958-A1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Laurel at Kilkenny2 Bed 2 Bath2BR,2BA$1.57
Northern BluffsSandstone3BR,1BA$1.29
Monarch at Middleton Shores2 BR/2B N2BR,2BA$1.65
305 Knightsbridge Rd305 Knightsbridge Rd2BR,1BA$1.48
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
Elka Lane Apartments1BR/1BA1BR,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.

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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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Real 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.

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

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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 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

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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.

decorative image for An Insiders Guide to 6 Reasons Why Locals Love Renting in Madison, Wisconsin   article

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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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.

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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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.