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Apartments for Rent in Madison, WI under $500

Apartments for Rent in Madison, WI under $500. 2 Rentals Available
2 Rentals Available
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  • Only 1 unit left
    Studio $500
    Base rent
    Verified Listing

    609 N Midvale Blvd, Madison, WI 53705
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    Income restricted
    Verified Listing

    7933 TREE LN, MADISON, WI 53717
    Fitness center • In unit laundry • Air conditioner
2-0-city
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Frequently asked questions

When were prices and availability in Madison, WI last updated?

Prices and availability in Madison, WI were last updated on 24 Jun 2026.

What are the best apartments in Madison, WI?

The best apartments in Madison, WI are: Preserve West, Two Points Crossing, The Ridge Apartments, The Edison and Signature Pointe.

What type of rental buildings are in Madison, WI?

In Madison, 54% of the residents are renting compared to 46% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 26% of Madison's rentals, 66% are small-scale complexes with under 50 units, and 7% are single-family rentals.

Renting apartments in Madison, WI under $500

Are you looking for a smart space where you can easily combine comfort with convenience? You will surely find the property that perfectly fits your needs with this variety of options. RentCafe offers you 2 apartments for rent in Madison, WI from 2 modern buildings, so you’ll certainly find something suitable for you. If you want to live alone or with your partner, you might want to look for a studio or browse through our selection of 1 bedroom apartments. If you need more space but you don’t want to spend more than necessary on a monthly rent, check out our 2 bedroom or 3 bedroom apartments for less than $500, and make the most out of your budget.

Finding the best rental near you

Madison, WI is an amazing place to call home, with several rentals under $500 for you to choose from. There are many options and filters you can apply to your search to make the process easier and to find your next apartment faster and more efficiently. Asking yourself ‘are there any cheap apartments near me’? With our helpful filters, you can easily find the home of your dreams that also fits within your budget. With rent prices as low as $500 in Madison, WI, you can find affordable and appealing apartments that match your requirements. Sort your search by ‘Rent’ ascending to see the cheapest ones at the top of the list. As soon as you find your perfect apartment, make sure to contact the property to check for availability or apply online directly on RentCafe.