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Cherry Tree Crossing
(608) 716-2147
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Jacobsen Apartments at 511 W Main
(608) 927-4523
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105 1/2 State St
(608) 480-1653
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2437 Atwood Ave
(608) 684-6432
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Commercial Avenue
(608) 716-2184
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1423 Regent St
(608) 480-6785
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408 W Mifflin St
(608) 400-0433
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Hawks Ridge
(608) 716-2315
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Cardinal Apartments
(608) 927-4647
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815 E Johnson St
(608) 909-6752
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1001 Gilbert Rd
(608) 999-4790
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The Regent
(608) 856-6083
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Harbor Arms
(608) 580-5609
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126 S Franklin St
(608) 467-2001
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Cedar Ridge
(608) 716-2154
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Ambassador West
(608) 233-7368
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Autumncreek
(608) 244-8582
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Campus Area Houses
(608) 716-2476
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Infinity
(608) 716-2393
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Stockbridge Trails
(608) 716-2268
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Langdon Hall Apartments
(608) 401-4924
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410 Castle Place
(608) 530-1454
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University Square
(608) 233-7368
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Lucky
(608) 591-5156
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514 E Mifflin St
(608) 413-4918
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University Bay
(608) 233-4423
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Heather Ridge
(608) 716-2141
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502 E Main St
(608) 467-2001
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The Highlander
(608) 234-4011
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Cambridge Place
(608) 716-2161
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Apartments Under $1,200 in Madison, WI

1 of 245 Results
83
$950 - 1,125
Cherry Tree Crossing
4.5
4725 Hayes Road Madison, WI
Studio - 1 BR | Jun. 1, 2023
Contact
Cat Friendly
Air Conditioning
Covered Parking
Surface Parking
Balcony, Deck, Patio
14
$748
Jacobsen Apartments at 511 W Main
511 W. Main St. Madison, WI
Studio | Ask for Availability
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Capitol
7
$945
105 1/2 State St
Madison, WI
1 BR | Aug. 16, 2023
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Heat Included
Dishwasher
Fireplace
Capitol
22
3D Tour
$1,150
2437 Atwood Ave
Madison, WI
Studio | Apr. 1, 2023
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Furnished
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
8
$1,095
Commercial Avenue
2917 Commercial Ave Madison, WI
2 BR | Jun. 1, 2023
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Cat Friendly
Air Conditioning
Surface Parking
Balcony, Deck, Patio
Storage
14
$1,195
1423 Regent St
Deal
Madison, WI
1 BR | Aug. 16, 2023
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Heat Included
Dog Friendly
Cat Friendly
House
Surface Parking
7
$925
408 W Mifflin St
Madison, WI
1 BR | Aug. 16, 2023
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Heat Included
House
Surface Parking
Capitol
26
3D Tour
$1,120
Hawks Ridge
2334 Talc Trail Madison, WI
Studio | Apr. 15, 2023
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Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
5
$1,195
Cardinal Apartments
3.0
416 E. Wilson St. Madison, WI
1 BR | Aug. 15, 2023
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Cat Friendly
Virtual Tour
Storage
Dishwasher
Capitol
6
$930
815 E Johnson St
Madison, WI
1 BR | Apr. 11, 2023
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Heat Included
Cat Friendly
House
Surface Parking
Storage
8
$925
1001 Gilbert Rd
Deal
Madison, WI
1 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony, Deck, Patio
52
3D Tour
$600 - 1,200
PER
ROOM
The Regent
3.8
1402 Regent St Madison, WI
Studio - 3 BR | Available Now
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Heat Included
Furnished
Student
Virtual Tour
Air Conditioning
6
$810 - 885
Harbor Arms
1309-1329 Temkin Ave Madison, WI
1 BR | Jun. 1, 2023
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Heat Included
Cat Friendly
Air Conditioning
Surface Parking
Balcony, Deck, Patio
4
$935
126 S Franklin St
Madison, WI
Studio | Apr. 1, 2023
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Heat Included
Cat Friendly
Air Conditioning
Surface Parking
Dishwasher
38
$950 - 1,125
Cedar Ridge
2402 Columbus Lane Madison, WI
Studio - 1 BR | Apr. 1, 2023
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Cat Friendly
Air Conditioning
Covered Parking
Surface Parking
Balcony, Deck, Patio
21
$1,109 - 1,239
Ambassador West
4.0
434 W Mifflin St Madison, WI
Studio | Aug. 15, 2023
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Student
Air Conditioning
Fitness Center
Capitol
40
3D Tour
$1,069 - 1,129
Autumncreek
Deal
4.5
5110 Autumn Leaf Lane Madison, WI
Studio | Available Now
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Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
In Unit Laundry
11
$410
Campus Area Houses
2.6
110 S Brooks St Madison, WI
9+ BR | Aug. 17, 2023
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Dog Friendly
Cat Friendly
Surface Parking
Greenbush
41
$1,190
Infinity
3.7
5850 Charon Lane Madison, WI
Studio | Jun. 1, 2023
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Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
57
$1,145
Stockbridge Trails
3.3
319 East Hill Parkway Madison, WI
Studio | May. 2, 2023
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Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
In Unit Laundry
9
$940
Langdon Hall Apartments
3.4
633 Langdon St. Madison, WI
Studio | Aug. 14, 2023
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UW Madison Campus
13
$1,195
410 Castle Place
Madison, WI
1 BR | Available Now
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Heat Included
Cat Friendly
Virtual Tour
Air Conditioning
Balcony, Deck, Patio
33
3D Tour
$999 - 1,019
University Square
212 Marion St Madison, WI
Studio | Aug. 15, 2023
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Heat Included
Student
Virtual Tour
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UW Madison Campus
31
3D Tour
$600 - 995
PER
ROOM
Lucky
4.3
777 University Ave Madison, WI
2 - 4 BR | May. 23, 2023
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Heat Included
Furnished
Cat Friendly
Student
Virtual Tour
18
$1,100
514 E Mifflin St
Madison, WI
Studio | Jul. 1, 2023
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Furnished
Virtual Tour
Air Conditioning
Balcony, Deck, Patio
Dishwasher
36
3D Tour
$1,069 - 1,189
University Bay
2.7
2116 University Ave Madison, WI
Studio | Aug. 15, 2023
Contact
Student
Virtual Tour
Air Conditioning
Covered Parking
Surface Parking
77
$1,050 - 1,125
Heather Ridge
4701 Hayes Rd Madison, WI
Studio - 1 BR | May. 1, 2023
Contact
Cat Friendly
Air Conditioning
Covered Parking
Surface Parking
Balcony, Deck, Patio
5
$935
502 E Main St
Madison, WI
Studio | May. 1, 2023
Contact
Heat Included
Cat Friendly
Air Conditioning
Surface Parking
Dishwasher
25
$550 - 800
PER
ROOM
The Highlander
3.6
121 W Gilman St Madison, WI
2 BR | Available Now
Contact
Heat Included
Furnished
Dog Friendly
Cat Friendly
Student
27
3D Tour
$1,025
Cambridge Place
621 N Sherman Ave Madison, WI
1 BR | Apr. 1, 2023
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Heat Included
Cat Friendly
Virtual Tour
Air Conditioning
Surface Parking
1 - 30 of 245 Results
  1. Home
  2. Madison
  3. Apartments Under $1,200

How much does it cost to rent an apartment in Madison?

Madison Apartments
Bed Type Average Rent Range
Studio $1,020 $600 - $1,680
1BR $1,490 $830 - $2,330
2BR $1,680 $930 - $3,580
3BR $2,000 $1,230 - $3,500
4+BR $2,500 $410 - $7,000
Frequently Asked Questions

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

Rentable.co has over 36,238 apartments available in Madison.

What is the average rent for a studio apartment in Madison, WI?

The average rent for a studio apartment in Madison is around $1,020 per month.

What is the average rent for a one-bedroom apartment in Madison, WI?

The average rent for a one-bedroom apartment in Madison is around $1,490 per month.

What is the average rent for a two-bedroom apartment in Madison, WI?

The average rent for a two-bedroom apartment in Madison is around $1,680 per month.

How expensive is living in Madison, WI?

Based on average rent prices in Madison, to afford a studio apartment you would need an annual salary of $41,000 to live comfortably.

How many apartments under $1,200 are available in Madison, WI on Rentable.co?

Rentable.co has 245 apartments under $1,200 available for rent in Madison.

Which neighborhoods have the most apartments under $1,200 for rent in Madison, WI?

  1. Capitol
  2. UW Madison Campus
  3. Old Market Place
  4. Regent
  5. Eken Park

Asset 2
Apartments by Bedrooms
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4 Bedroom Apartments
Studio Apartments
Apartments by Affordability
Cheap Apartments
Apartments Under $500
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Madison:
March Rent Report

Welcome to the March 2023 Madison Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2023 key findings and figures for the Madison rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Madison and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Madison average rent prices in the chart below.

Monthly Rent Report

Madison Rent Prices Increase From February to March

Madison rent prices increased over the last month. From February to March, the city experienced a 5.95% increase for the price of a one-bedroom apartment. The rent price for a Madison one-bedroom apartments currently stands at $1,247.0.

When we take a look at the two-bedroom comparison from February to March, Madison experienced a 3.56% increase for the price of a two-bedroom apartment. The rent price for a Madison two-bedroom apartments currently stands at $1,514.0.

March Prices: Madison vs. Surrounding Areas

Rent Prices in Madison and Surrounding Areas

Rent prices have increased in Madison over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 6 of the Madison suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Fitchburg, WI, Cottage Grove, WI, Middleton, WI, Waunakee, WI, Verona, WI, De Forest, WI .

  • Rent decreased in Sun Prairie, WI.

  • 3 suburbs are currently priced higher than the city of Madison.

  • 4 suburbs are currently priced lower than the city of Madison.

March 2023 Pricing Trends: Madison vs. National Comparisons

Madison Rent Prices More Affordable Than Major Cities

Rent growth in Madison over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Madison average rent prices appear to be relatively affordable for local residents.

The price for a Madison one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Madison and surrounding area rent prices, take a look at the complete data set below.

Data set for Madison and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
Madison, WI $1,177.0 4.34% $1,462.0 1.04%
Fitchburg, WI $1,210.0 0.33% $1,371.0 0.00%
Sun Prairie, WI $1,304.0 -0.69% $1,443.0 -1.90%
Cottage Grove, WI $1,185.0 0.25% $1,740.0 0.87%
Middleton, WI $1,475.0 4.02% $1,950.0 -0.21%
Waunakee, WI $1,230.0 0.66% $1,700.0 0.00%
Verona, WI $1,105.0 1.47% $1,335.0 0.53%
De Forest, WI $1,505.0 0.20% $1,949.0 -0.66%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.