Cheap Apartments for Rent in Madison, WI
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NEW - 2 DAYS AGO$900 - $2,300/mo
Studio-2 Beds
1 Bath616 North Carroll Street LLC | 616 N Carroll St,
Madison, WI 53703
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY- APPLY INSTANTLY
PET FRIENDLY$929 - $999/moStudio1 BathMAY RENT FREE - Sign on this Studio today! | 135 S Hancock St,
Madison, WI 53703
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PET FRIENDLYFURNISHED
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PET FRIENDLY$965 - $4,275/moStudio-4 Beds1-2 BathsPark Terrace West Apartments | 45 N Randall Ave,
Madison, WI 53715
NEW - 2 DAYS AGO
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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 Sep 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| 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 |
| Sep 2026 | $1,650 |
Average Rent By Bedroom and Home Type
In October 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 | $1,404 | $1,795 | $2,520 | $3,439 | $1,795 |
| Townhomes | $1,496 | $1,735 | $2,495 | $2,800 | $2,195 |
| Apartments and Condos | $1,350 | $1,575 | $2,450 | $3,749 | $1,600 |
| Houses | $1,295 | $2,495 | $2,600 | $3,495 | $2,750 |
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 $1,847 per month. This is about 5% lower than the national average.
- What are the cheapest months to find an apartment to rent in Madison, WI?Last year, the cheapest month to find an apartment to rent was Sep 2025 when it was $1,663 per month.
- How many cheap apartments are available in Madison, WI?There are 563 apartments to rent that are cheaper than the city’s average rent of $1,795.
- 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 $1,404 per month. That is about $234 more than the cost of a studio apartment.
- 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.
View this page in Spanish: Apartamentos baratos en renta en Madison, WI - 4,154 Rentas | Trulia