
Cheap Homes for Rent in Waunakee, WI from $900 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Waunakee.


2404 Independence Ln

1975 E Washington Ave

930 Emerald St
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.

203 Ski Ct

5339 Brody Dr

205 Kearney Way, Unit 201 - 202

3319 Lotheville Rd
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.
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 | $1,969 | $1,350 | $2,750 |
| Waunakee 3 Bedroom Homes for Rent | $2,722 | $2,100 | $3,495 |
| Waunakee 4 Bedroom Homes for Rent | $4,316 | $3,800 | $4,750 |
| Waunakee 5 Bedroom Homes for Rent | $4,325 | $3,900 | $4,750 |
Browse Top Homes for Rent 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 at Middleton in the Lakeview Dane neighborhood priced from $995. 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 at Middleton | Studio | Studio,1BA | $995 |
| Coachlite Apartments | 1 bd | 1BR,1BA | $1,049 |
| Elka Lane Apartments | 1BR/1BA | 1BR,1BA | $1,100 |
Best Value Apartments for Rent in Waunakee, WI and Nearby
As of June 08, 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 $1,915 with a $1.57 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 |
| The Laurel at Kilkenny | 2 Bed 2 Bath | 2BR,2BA | $1.57 |
| Northern Bluffs | Sandstone | 3BR,1BA | $1.29 |
| Dane Townhomes | 2 Bed/ 1.5 Bath | 2BR,1.5BA | $1.34 |
| 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 |
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 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 $3,550. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waunakee ranging from $990 to $4,750.
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 $990 to $4,750 with an average monthly rent of $2,984.
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

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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.