Cheap Apartments for Rent in Waunakee, WI from $700 (25 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

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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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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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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Northpointe
2 to 3 Bedroom Apartments

Northpointe

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

PMM + MS

2309 Monterey DrMadison, 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
1 to 2 Bedroom Apartments

PMM

1509 TrailswayMadison, WI 53704
  • Utilities Included
Showing Results 1-25, 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 Studio unit found at Arbor Lakes at Middleton in the Lakeview Dane neighborhood priced from $935. Londonderry Lofts in the Carpenter-Ridgeway neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,045. Here is today’s list of the most affordable Waunakee apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Arbor Lakes at MiddletonStudioStudio,1BA$935
Londonderry LoftsSTUDIOStudio,1BA$1,045
Coachlite Apartments1 bd1BR,1BA$1,049
Northshore EstatesOne Bedroom1BR,1BA$1,100
Autumn Ridge1 BD Affordable1BR,1BA$1,164

Best Value Apartments for Rent in Waunakee, WI and Nearby

As of October 31, 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 5564 River Rd Model at 5564 River Rd, Unit Unit 4 starting at $1,500 with a $1.25 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.
6820-6850 Redspire LnRedspire3BR,2.5BA$1.27
5564 River Rd, Unit Unit 45564 River Rd2BR,1BA$1.25
Middleton Ridge Apartments1 Bedroom plus Loft2BR,2BA$1.50
The Laurel at Kilkenny1 Bed 1 Bath1BR,1BA$1.41
Northern BluffsAmber2BR,1BA$1.22
Century CommonsD2BR,1.5BA$1.46
Dane Townhomes2 Bed/ 1.5 Bath2BR,1.5BA$1.34
Sunset Lane Apartments2 Bed/ 1 Bath2BR,1BA$1.39
402 Luster Ave, Unit Apt. #2402 Luster Ave1BR,1BA$1.25
Coachlite Apartments1 bd1BR,1BA$1.50

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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Quick 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.

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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!

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 Arbor Lakes at Middleton listed at $935.

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

The lowest price for a Cheap One Bedroom Waunakee Apartment is $1,045 at Arbor Lakes at Middleton.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.