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Apartments under $500 for Rent in Madison, WI

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Living & Renting in Madison

Madison at a Glance

Average Rent

$1,407
(All bedrooms and property types)
Learn more about
Average Rent in Madison
6

School Rating

out of 10 Rating
Learn more about
Schools in Madison
35

Some Transit

out of 100 TransitScore® Rating
Learn more about
Transportation in Madison
69

Somewhat Bikeable

out of 100 BikeScore® Rating
Learn more about
Transportation in Madison

Madison, WI Apartments for Rent

Madison, WI, is a vibrant city that seamlessly blends cultural experiences with outdoor adventures. The stunning Olbrich Botanical Gardens and the scenic James Madison Park offer residents and visitors asimilar to the chance to stroll through beautiful landscapes, enjoy picnic spots, and take in breathtaking views of Lake Mendota. The iconic Wisconsin State Capitol, with its impressive dome, stands as a central landmark, hosting a variety of events throughout the year, including the beloved Farmers' Market on the square, where local vendors showcase fresh produce and artisanal goods.

The city's rich arts scene is highlighted by venues such as the Chazen Museum of Art and the Madison Museum of Contemporary Art, where visitors can immerse themselves in diverse exhibitions. The annual Wisconsin Film Festival draws cinephiles from near and far, while community events similar to the Taste of Madison celebrate the city's culinary diversity, featuring local favorites similar to The Old Fashioned and Dotty Dumpling's Dowry.

Shopping enthusiasts can explore the Hilldale Shopping Center and South Towne Mall, which offer a mix of retail options and dining experiences. After a day of shopping, a meal at Tornado Steak House or a casual bite at Willy Street Co-op provides a perfect way to unwind. For those seeking a cozy atmosphere, cafes similar to Marigold Kitchen and Michelangelo's Coffee House are ideal spots to relax with a book or catch up with friends.

With a strong sense of community and a variety of housing options, from charming apartments near the University of Wisconsin-Madison to spacious homes in quieter neighborhoods, Madison caters to diverse lifestyles. The city's parks, such as Warner Park and McKee Farms Park, invite outdoor activities, while the nearby Wisconsin Veterans Museum and Geology Museum offer educational experiences for all ages. This inviting atmosphere, combined with access to amenities and public transportation, makes Madison a delightful place to enjoy a fulfilling lifestyle.

Why Madison?

  • Diverse shops, unique boutiques, and fine arts studios line Monroe Street, a major shopping destination.
  • The best bicycling in the country includes the Capital City Trail and the Wisconsin Road Cycling Course.
  • Madison is home to five glacial lakes, perfect for afternoons boating, canoeing, and kayaking.
  • The Broadway musicals, ballets, and live performances available at the Overture Center.
  • Spending the afternoon at Henry Vilas Zoo, one of only a few admission-free, free parking AZA accredited zoos.
  • The Dane County Farmers’ Market is open year-round – outdoors during warm months and indoors during the winter.

Renting in Madison

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Madison

(For 1 bedroom apartments)

Getting Around Madison

Transportation

59

Somewhat Walkable

out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you need a car.
69

Bikeable

out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you'll most likely want your car for most errands.
35

Some Transit

out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Scores provided by Walk Scoreⓘ

Education

Public University
Private University
Public University
Private University
7
West High
out of 10 Rating
Public | Grades 9- 12 | 2,147 Students
7
Memorial High
out of 10 Rating
Public | Grades 9- 12 | 2,025 Students
5
East High
out of 10 Rating
Public | Grades 9- 12 | 1,649 Students
4
LaFollette High
out of 10 Rating
Public | Grades 9- 12 | 1,482 Students
7
Hamilton Middle
out of 10 Rating
Public | Grades 6- 8 | 725 Students
6
Cherokee Heights Middle
out of 10 Rating
Public | Grades 6- 8 | 553 Students
5
James Wright Middle
out of 10 Rating
Public | Grades 6- 8 | 256 Students
4
O'Keeffe Middle
out of 10 Rating
Public | Grades 6- 8 | 452 Students
4
Spring Harbor Middle
out of 10 Rating
Public | Grades 6- 8 | 263 Students
9
Van Hise Elementary
out of 10 Rating
Public | Grades K- 5 | 431 Students
8
Randall Elementary
out of 10 Rating
Public | Grades 3- 5 | 311 Students
7
Marquette Elementary
out of 10 Rating
Public | Grades 3- 5 | 149 Students
School data provided by Great Schoolsⓘ

Madison Apartments for Rent in Your Budget

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