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Cheap Apartments for Rent in Madison, WI - 209 Rentals available

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Finding the right apartment as far as size and location go is one aspect of apartment searching, but making sure that it provides all that you need within a reasonable price is another. On RENTCafé, you can search for cheap apartments near you and ensure that you find one that suites your needs. Worried the neighborhood or city you are looking to move to is known to have higher rents? You can browse our listings and find the cheap apartments in any location, whether you are looking at a specific neighborhood, ZIP code, or city.

The perfect apartment for you is out there, either near you or anywhere in the U.S. that you are looking to move to. So, let's find the one that satisfies your wants and needs, but that also comes at an affordable price.

Frequently Asked Questions

What is the price of a cheap apartment in Madison, WI?

The price range of a cheap apartment is between $680 and $3,440. Find cheap apartments in Madison, WI.

How many cheap rentals are available in Madison, WI on RENTCafé?

There are 181 cheap rentals available on RENTCafé. Prices and availability in Madison, WI were last updated on 3 Mar 2021.

What is the average size of a cheap apartment in Madison, WI?

The average Madison, WI cheap apartment size is 827 sq. ft.

What are the advantages of renting a cheap apartment in Madison, WI?

Cheap apartments in Madison, WI are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Madison, WI?

A cheap apartment in Madison, WI offers little storage space and fewer amenities compared to other apartments. You might be interested in studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RENTCafé apartments for rent in Madison, WI.

Renting a Cheap Apartment in Madison

Madison is the capital city of Wisconsin and the home of the University of Wisconsin at Madison, a top public college with an exceptional reputation. Madison is located on an isthmus between Lakes Mendota and Monona. The city has over 120 neighborhoods, some old and historic. Industry in Madison includes education, government, and recent growth in high-tech jobs. Companies find this an attractive place to locate because of the large number of educated area residents. Recreation options include winter sports, boating, fishing, hockey and much more. Madison has a thriving music scene and hosts numerous music festivals each year. The Great Taste of the Midwest craft beer festival is another major attraction.

Madison, WI Demographics

  • Total Population254,977
  • Female 126,190
    Male 128,787
  • Median Age31

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
    /

    Check out the average rent prices in Madison by neighborhood.

    Madison, WI Households

    • Total Number of Households110,294
    • Family 50,843
      Non-family 59,451
    • Children 23,804
      No Children 86,490
    • Average People Per Household2.21
    • Median Household Income$65,332
    • Median Housing Costs Per Month$1,229

    Madison, WI Education Statistics

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

    Looking for a cheap apartment for rent in Madison, WI? With RENTCafé, finding an affordable apartment in Madison, WI has never been easier. We feature 211 low-priced rentals directly from property managers, with rents lower than the Madison, WI average. What is a cheap rent in Madison, WI? The average apartment rent in Madison is $1,297 per month so any rental south of $1,038 would be considered cheap here. On RENTCafé, Madison, WI rents go as low as $665/mo.

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