Cheap Apartments for Rent in Madison, WI
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- $950 - $1,215/mo
Studio-2 Beds
1 BathWhispering Oaks | 2500 & 2502 Pheasant Ridge Trl,
Madison, WI 53713 
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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 Aug 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,663 |
| Oct 2025 | $1,797 |
| Nov 2025 | $1,745 |
| Dec 2025 | $1,697 |
| Jan 2026 | $1,695 |
| Feb 2026 | $1,649 |
| Mar 2026 | $1,633 |
| Apr 2026 | $1,643 |
| May 2026 | $1,649 |
| Jun 2026 | $1,663 |
| Jul 2026 | $1,655 |
| Aug 2026 | $1,659 |
Average Rent By Bedroom and Home Type
In August 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 | $1,400 | $1,723 | $2,450 | $2,999 | $1,665 |
| Townhomes | $964 | $1,910 | $2,695 | $2,600 | $2,500 |
| Apartments and Condos | $1,300 | $1,599 | $2,100 | $3,200 | $1,500 |
| Houses | $4,387 | $2,324 | $2,600 | $3,185 | $2,700 |
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 $1,800 per month. This is about 8% lower 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 $1,400 per month. That is about $174 more than the cost of a studio apartment.
- How many available rental listings are in Madison, WI?There are 902 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 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.
View this page in Spanish: Apartamentos baratos en renta en Madison, WI - 3,489 Rentas | Trulia