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Apartments for Rent in Madison, WI under $500 – 19 Rentals available

  • 110 S. Brooks Street, Madison, WI 53715
    $400 - $525
    • 9 Beds
    • 3 Baths
    Forward Management
    Available Today! Last updated 21 Jan 2021
    (608) 298-5326
  • 315 South Henry Street, Madison, WI 53703
    $350
    • Studio
    Apex Property Management
    Available Today! Last updated 21 Jan 2021
    (608) 255-3753
  • 209 East Mifflin Street, Madison, WI 53703
    $375 - $450
    • Studio
    Apex Property Management
    Available Today! Last updated 21 Jan 2021
    (608) 255-3753
  • 3620 Breckenridge Ct, Fitchburg, WI 53713
    $1 - $1,005
    • 1 Bed
    • 1 Bath
    Sierra West LLC DBA Sun Valley Apartments
    Available Today! Last updated 27 Aug 2020
    (855) 736-8223
  • 5440 Caddis Bend, Fitchburg, WI 53711
    $360 - $1,925
    • 2 Beds
    • 2 Baths
    Fiduciary Real Estate Development
    (855) 736-8223

Madison, WI Demographics

  • Total Population252,086
  • Female 124,658
    Male 127,428
  • Median Age30.8

Average Rent in Madison, WI

  • Madison, WI Average Rental Price, December 2020 $1,289 /mo

    Madison, WI Apartment Rent Ranges

    • $501-$7002%
    • $701-$1,00034%
    • $1,001-$1,50043%
    • $1,501-$2,00012%
    • > $2,0009%

    Madison, WI Rent Trends

    Average Rent Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Dec / 2020
    Madison, WI $1,202 $1,192 $1,205 $1,211 $1,219 $1,234 $1,252 $1,256 $1,269 $1,281 $1,289
    National $1,373 $1,378 $1,381 $1,418 $1,428 $1,432 $1,468 $1,475 $1,477 $1,464 $1,462
    /

    Madison, WI Households

    • Total Number of Households108,573
    • Family 51,143
      Non-family 57,430
    • Children 23,746
      No Children 84,827
    • Average People Per Household2.21
    • Median Household Income$62,906
    • Median Housing Costs Per Month$1,194

    Madison, WI Education Statistics

    • No High School2%
    • Some High School19%
    • Some College19%
    • Associate Degree7%
    • Bachelor Degree32%
    • Graduate Degree21%

    Apartments in Madison, WI under $500

    Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $500?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 19 apartments for rent in Madison, WI on which you’ll spend less than $500. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

    Rentals near you under $500

    Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $500. The average rental size in Madison, WI is 792 Sq.Ft., but the $500 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.

    Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!