
Cheap Homes for Rent in Waunakee, WI from $1,100 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Waunakee.


131 N Fair Oaks Ave
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.

1975 E Washington Ave

819 E Gorham St
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.

817 Henry St, Unit 817
Waunakee, WI Local Guide

How much does it cost to rent a home in Waunakee?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waunakee 2 Bedroom Homes for Rent | $1,733 | $1,200 | $2,750 |
| Waunakee 3 Bedroom Homes for Rent | $2,162 | $1,745 | $2,950 |
| Waunakee 4 Bedroom Homes for Rent | $3,948 | $2,945 | $6,150 |
| Waunakee 5 Bedroom Homes for Rent | $4,600 | $4,600 | $4,600 |
Browse Top Homes for Rent in Waunakee
Explore Waunakee
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 1 Bed unit found at Village on Main priced from $623. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Village on Main | 1 Bedroom D | 1BR,1BA | $623 |
| Londonderry Lofts | STUDIO | Studio,1BA | $1,045 |
| Coachlite Apartments | 1 bd | 1BR,1BA | $1,049 |
Best Value Apartments for Rent in Waunakee, WI and Nearby
As of April 23, 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 501 Knightsbridge Rd Model at 501 Knightsbridge Rd, Unit 503 starting at $2,650 with a $1.33 price per square foot . 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. |
|---|---|---|---|
| 6820-6850 Redspire Ln | Redspire | 3BR,2.5BA | $1.01 |
| 501 Knightsbridge Rd, Unit 503 | 501 Knightsbridge Rd | 4BR,3BA | $1.33 |
| Paragon Place at Bishops Bay | E10 | 2BR,2BA | $1.63 |
| Highland Ridge | 36L Loft | 2BR,2BA | $1.23 |
| Northern Bluffs | Sandstone | 3BR,1BA | $1.26 |
| Dane Townhomes | 2 Bed/ 1.5 Bath | 2BR,1.5BA | $1.34 |
| Century Commons Senior Apartments | Two Bedroom Style C | 2BR,1BA | $1.48 |
| Overlook Pointe | Bayside | 2BR,1BA | $1.54 |
| Stagecoach Trail Apartments | 1 Bedroom 1 Bath (B250) | 1BR,1BA | $1.59 |
| Coachlite Apartments | 1 bd | 1BR,1BA | $1.50 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleLakeshore 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 ArticleThe 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.
Read ArticleCash 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.
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 Waunakee
What type of rentals are currently available in Waunakee?
There are currently 63 Apartments for Rent in Waunakee, WI with pricing that ranges from $979 to $3,550. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waunakee ranging from $1,175 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 $1,175 to $6,150 with an average monthly rent of $2,920.
How much are larger Three and Four Bedroom Rentals in Waunakee?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Waunakee range from $1,441 to $3,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,745 to $2,950. Four Bedroom Single-Family rentals are also available starting from $2,945 and Four Bedroom Apartments start at $2,650.
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

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.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.