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Apartments Under $500 in Madison, WI

1 - 11 of 11 Results
4
$500
PER
ROOM
Carroll House
423 N Carroll St Madison, WI
7 BR | Aug. 17, 2025
Contact
Dog Friendly
Cat Friendly
Student
Capitol
8
$408
PER
ROOM
International Cooperative House
140 W Gilman St Madison, WI
1 BR | May. 26, 2024
Contact
Dog Friendly
Cat Friendly
Storage
Capitol
3
$125
526-528 W Mifflin St
Madison, WI
Studio | Jun. 1, 2024
Contact
Surface Parking
Storage
Disability Access
Dishwasher
Capitol
1
$150
12 Langdon St
Madison, WI
Studio | Jun. 1, 2024
Contact
Capitol
2
$125
519 W Mifflin St
Madison, WI
Studio | Jun. 1, 2024
Contact
Surface Parking
Storage
Disability Access
Capitol
2
$125
518 W Mifflin St
Madison, WI
Studio | Jun. 1, 2024
Contact
Air Conditioning
Storage
Dishwasher
Capitol
16
$320 - 495
407 Wisconsin Avenue
Madison, WI
Studio | Available Now
Contact
Capitol
2
$125
529 W Mifflin St
Madison, WI
Studio | Jun. 1, 2024
Contact
Surface Parking
Storage
Disability Access
Capitol
$427
PER
ROOM
122 N Bassett St
Madison, WI
1 BR | Aug. 15, 2024
Contact
Dog Friendly
Cat Friendly
Storage
Capitol
1
$110
10 S Orchard St
Madison, WI
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Greenbush
$459
PER
ROOM
20 N Franklin St
Madison, WI
1 BR | Available Now
Contact
Capitol
1 - 11 of 11 Results
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  2. Madison
  3. Apartments Under $500
Frequently Asked Questions

How many apartments under $500 are available in Madison, WI on Rentable.co?

There are 11 apartments under $500 in Madison currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Madison?

Rentable.co has 64 studio apartments under $500 available for rent in Madison.

How many one-bedroom apartments under $500 are available in Madison?

Rentable.co has 159 one-bedroom apartments under $500 available for rent in Madison.

How many two-bedroom apartments under $500 are available in Madison?

Rentable.co has 189 two-bedroom apartments under $500 available for rent in Madison.

Can I afford a apartment under $500 in Madison, WI?

To comfortably afford a apartment under $500 in Madison based on average rent prices, a household would need an annual income of $13,000.

Which neighborhoods have the most apartments under $500 for rent in Madison, WI?

  1. Capitol
  2. Mayfair Park
  3. Old Market Place
  4. UW Madison Campus
  5. Greenbush

Apartments Under $500 in Madison, WI: May Rental Information

Welcome to the May 2024 Madison Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Madison rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Madison and surrounding areas. This summary also provides insight into available features and amenities, as well as location options for apartments under $500 in Madison.

Please note that this report focuses specifically on apartments priced under $500, providing prospective renters with valuable information about the affordability and availability of apartments in this price range.
0 20 40 60 80 <$900 $940 $1,020 $1,100 $1,180 $1,260 $1,340 $1,420 $1,500 $1,580 $1,660 $1,740 $1,820 $1,900 $1,980 $2,060 $2,140 >$2,220

Available Apartments Under $500: Madison vs. Surrounding Areas

Madison, WI
28
In the current month of May 2024, there are a variety of affordable apartments available for rent in Madison, WI and the surrounding cities. The chart above displays the number of apartments under $500 in Madison, as well as in nearby cities such as Maple Bluff, Marshall, Mazomanie, McFarland, Middleton, Prairie du Sac, Stoughton, Monona, Sun Prairie, Mount Horeb, Columbus, Lake Mills, Cottage Grove, Cross Plains, New Glarus, De Forest, Deerfield, Black Earth, Verona, Lodi, Blue Mounds, Sauk City, Waterloo, Oregon, Waunakee, Arena, Fitchburg, Monticello, Poynette, and Cambridge. The data reflects the total inventory of affordable apartments in the Madison, WI metro area, providing prospective renters with valuable insights on availability in the region.

Apartments Under $500 Now vs. Last Month: Madison and Surrounding Areas

City Apartments Under $500 in May M/M % Change
Madison, WI 28 +1.0%
Fitchburg, WI 2 +1.15%
Middleton, WI 1 +1.24%
Stoughton, WI 1 +1.0%
Monona, WI 1 +0.67%
Cross Plains, WI 1 -0.67%
Prairie du Sac, WI 0 +0.67%

Looking for Apartments Under $500 in Madison?

Available apartments under $500 393
Top amenities Refrigerator, Garbage Disposal, Trash Removal Included, Range / Oven, Microwave
Pet friendly 25
Utilities included 21
Furnished 5
Studio 26
1 Bedroom 17
2 Bedroom 6

Where are Madison Apartments Under $500?

Top Neighborhoods Capitol, Mayfair park, Old market place, Uw madison campus, Greenbush
Capitol 14
Mayfair Park 5
Old Market Place 3
UW Madison Campus 3
Greenbush 2
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