Cheap Apartments for Rent in Madison, WI
1,054 rentals
- $950 - $1,475/moStudio-2 Beds1 BathStone Ridge Apartments | 309 Island Dr #a466bf546,
Madison, WI 53705 - $975 - $1,265/moStudio-1 Bed1 BathSchroeder Square Apartments | 50 Schroeder Ct #60-111,
Madison, WI 53711 - $995 - $1,299/moStudio-1 Bed1 BathAllen House Apartments | 2130 University Ave #15,
Madison, WI 53726 Save Search in Madison, WI
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Average Rent Trends in Madison, WI
Rent in Madison, WI varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,680 |
| Jul 2025 | $1,700 |
| Aug 2025 | $1,700 |
| Sep 2025 | $1,663 |
| Oct 2025 | $1,797 |
| Nov 2025 | $1,742 |
| Dec 2025 | $1,697 |
| Jan 2026 | $1,695 |
| Feb 2026 | $1,649 |
| Mar 2026 | $1,633 |
| Apr 2026 | $1,643 |
| May 2026 | $1,646 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,401 | $1,750 | $2,475 | $2,995 | $1,650 |
| Townhomes | — | $1,895 | $2,500 | — | $2,100 |
| Apartments and Condos | $1,359 | $1,600 | $2,025 | $2,450 | $1,500 |
| Houses | $1,700 | $2,000 | $2,800 | $3,200 | $2,800 |
Frequently Asked Questions about Rentals in Madison, WI
- What is the average rent of an apartment in Madison, WI?The average rent of an apartment in Madison, WI is $1,846 per month. This is about 4% lower than the national average.
- What is the average rent of a house in Madison, WI?The average rent of a house in Madison, WI is $2,800 per month. This is about 45% higher than the national average.
- What is the average rent of a townhome in Madison, WI?The average rent of a townhome in Madison, WI is $2,100 per month. This is about 9% higher than the national average.
- When is the average rent cheapest in Madison, WI?In the last year, the average rent in Madison, WI was lowest in Sep 2025 when it was $1,663 per month.
- When is the average rent most expensive in Madison, WI?In the last year, the average rent in Madison, WI was highest in Oct 2025 when it was $1,797 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Madison, WI?The average rent of a 1 bedroom apartment in Madison, WI is $1,401 per month. That is about $186 more than the cost of a studio apartment.
- How many available rental listings are in Madison, WI?There are 1,084 available rental listings in Madison, WI.
- What colleges and universities are in Madison, WI?Colleges and universities in Madison, WI include: Edgewood College, University of Wisconsin Madison.
- What are some neighborhoods in Madison, WI?Some neighborhoods in Madison, WI include: Capitol, State-Langdon, Regent, Marquette, Tenney-Lapham.
- What are some zip codes in Madison, WI?
- What are some cities near Madison, WI?Some nearby cities include: Maple Bluff, Monona, Shorewood Hills, Westport, Blooming Grove. These cities may have more rental options to explore.