Cheap Homes for Rent in Waunakee, WI from $600 (30 Rentals)

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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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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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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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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 $1,005. 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 Lakes at MiddletonStudioStudio,1BA$1,005
Coachlite Apartments1 bd1BR,1BA$1,049
Elka Lane Apartments1BR/1BA1BR,1BA$1,100
Overlook PointeCatalina1BR,1BA$1,165
Northern BluffsSandstone3BR,1BA$1,219
Village on Main1 Bedroom B1BR,1BA$1,225
Highland Ridge36D Loft1BR,1BA$1,250
Heritage Hills ApartmentsC2Studio,1BA$1,320
Madison and MainB31BR,1BA$1,350
Dane Townhomes2 Bed/ 1.5 Bath2BR,1BA$1,350

Best Value Apartments for Rent in Waunakee, WI and Nearby

As of January 13, 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 2 Bed 2 Bath Model at The Laurel at Kilkenny starting at $1,995 with a $1.64 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
The Laurel at Kilkenny2 Bed 2 Bath2BR,2BA$1.64
Northern BluffsAmber2BR,1BA$1.22
Dane Townhomes2 Bed/ 1.5 Bath2BR,1.5BA$1.34
Granite Ridge Apartments2 BR + Den (1006 SF)2BR,1BA$1.55
5564 River Rd, Unit Unit 35564 River Rd1BR,1BA$1.35
Century Commons Senior ApartmentsTwo Bedroom Style C2BR,1BA$1.48
Woodland Commons MadisonStyle I6 - Loft1BR,1.5BA$1.70
Coachlite Apartments1 bd1BR,1BA$1.50
Elka Lane Apartments1BR/1BA1BR,1BA$1.64

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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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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Waunakee, WI

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Frequently Asked Questions about Waunakee

What type of rentals are currently available in Waunakee?

There are currently 59 Apartments for Rent in Waunakee, WI with pricing that ranges from $979 to $3,785. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waunakee ranging from $600 to $6,150.

What is the current price range for Rental Homes in Waunakee?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Waunakee ranges from $600 to $6,150 with an average monthly rent of $3,111.

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.

Articles, How-To's, and Tips

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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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.