Most Affordable Neighborhoods in Madison, WI
Some of the cheapest neighborhoods in Madison are Burr Oaks, Bram's Addition, and Sherman. These neighborhoods offer some of the lowest rent prices in Madison, making them ideal for renters on a budget. As of March 16, 2025, the average rent in Madison is $1,441, which is 2.5% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Burr Oaks
Average Rent
$1,220/Month
Year-Over-Year Rent Change
2.8%
TransitScore® Rating
42/100
Units Available
30 Rentals
Burr Oaks is a quiet neighborhood near Madison's best parks, restaurants, shopping, and attractions. The cozy area is separated enough from downtown that residents can enjoy a sense of peaceful seclusion without losing the conveniences of city life.
Bram's Addition
Average Rent
$1,238/Month
Year-Over-Year Rent Change
12.9%
TransitScore® Rating
42/100
Units Available
30 Rentals
Bram's Addition in Madison, Wisconsin, offers budget-friendly apartments with convenient access to local parks and public transportation. The neighborhood is on the south side of Madison and is known for its historic single-family homes and residential, walkable streets.
Sherman
Average Rent
$1,247/Month
Year-Over-Year Rent Change
8.1%
TransitScore® Rating
40/100
Units Available
18 Rentals
Sherman in Madison, Wisconsin, offers numerous inexpensive apartment options, perfect for those seeking budget-friendly living. The neighborhood boasts several parks and recreational facilities ideal for outdoor activities, as well as shopping and dining options.
Berkeley Oaks
Average Rent
$1,251/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
31/100
Units Available
26 Rentals
Berkeley Oaks is a scenic neighborhood next to Warner Park and Lake Mendota. With dog parks, beaches, and boat ramps, this neighborhood is perfect for residents who want to be near the waterfront. Additionally, a 15-minute drive into Downtown Madison provides nearby entertainment and dining.
Eken Park
Average Rent
$1,370/Month
Year-Over-Year Rent Change
3.4%
TransitScore® Rating
44/100
Units Available
22 Rentals
Eken Park in Madison, Wisconsin, stands out for its affordable apartment options, catering to cost-conscious renters. Public transportation is readily accessible, making commuting straightforward. Proximity to parks and shopping centers further enhances convenience and livability.
Hill Farms-University
Average Rent
$1,431/Month
Year-Over-Year Rent Change
2.5%
TransitScore® Rating
43/100
Units Available
45 Rentals
Hill Farms-University offers affordable living with the convenience of nearby schools, parks, and shopping outlets, all within walking distance. Located just ten minutes from the Wisconsin State Capitol, this neighborhood provides easy access to the University of Wisconsin campus and scenic views of Lake Mendota.
Regent
Average Rent
$1,473/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
50/100
Units Available
98 Rentals
The Regent neighborhood is right next to the University of Wisconsin-Madison, giving it a youthful atmosphere. The neighborhood features museums, sporting events, and numerous parks and natural areas. Residents also enjoy the proximity to University Station Shopping Mall.
Midvale Heights
Average Rent
$1,502/Month
Year-Over-Year Rent Change
3.6%
TransitScore® Rating
49/100
Units Available
44 Rentals
Midvale Heights is just four miles southwest of Downtown Madison. This neighborhood is close to Madison's most prominent attractions, including the Henry Vilas Zoo, the University of Wisconsin-Madison, and the Odana Hills Golf Course.
South Madison
Average Rent
$1,533/Month
Year-Over-Year Rent Change
2.9%
TransitScore® Rating
22/100
Units Available
233 Rentals
South Madison extends along Highway 18 and offers affordable living with convenient access to several parks, shops, and restaurants, especially near the popular Alliant Energy Center. The neighborhood provides a mix of city and suburban life, located less than a mile from Downtown Madison and close to outdoor activities like hiking the Capital City Trail and boating on nearby lakes.
East Madison
Average Rent
$1,628/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
28/100
Units Available
742 Rentals
East Madison is an affordable neighborhood in Madison with an average rent price of $1,628. Compare this to the city average of $1,441. In the past year, rent prices have increased by 2.2%. East Madison provides easy access to Madison Children's Museum, Madison Area Technical College, and Sunnyside Shops. It’s a car-dependent neighborhood with a WalkScore® of 47.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.