Apartments Under $500 in Madison, WI

1 - 9 of 9 Results
1
$ Ask - 4,696
525 E Main St Madison, WI
2 BR | Available Now
Contact
Furnished
Dog Friendly
Air Conditioning
Surface Parking
Storage
41
3D Tour
$399 - 449
PER
ROOM
515 Lake St. Madison, WI
3 - 4 BR | Available Now
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Furnished
Dog Friendly
Cat Friendly
Student
Virtual Tour
4
$500
PER
ROOM
423 N Carroll St Madison, WI
7 BR | Aug. 17, 2025
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Dog Friendly
Cat Friendly
Student
Capitol
8
$408
PER
ROOM
140 W Gilman St Madison, WI
1 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Capitol
16
$320 - 495
Madison, WI
Studio | Available Now
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Capitol
1
$150
Madison, WI
Studio | Available Now
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Capitol
2
$125
Madison, WI
Studio | Available Now
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Surface Parking
Storage
Disability Access
Capitol
$427
PER
ROOM
Madison, WI
1 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Capitol
$459
PER
ROOM
Madison, WI
1 BR | Available Now
Contact
Capitol
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Apartments Under $500 in Madison, WI: April Rental Information

Welcome to the April 2025 Madison Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 2025 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 27 55 82 110 <$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
24
In the current month of April 2025, 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 April M/M % Change
Madison, WI 24 +1.01%
Fitchburg, WI 2 +1.0%
Middleton, WI 1 +0.83%
Prairie du Sac, WI 1 0.0%

Looking for Apartments Under $500 in Madison?

Available apartments under $500 492
Top amenities Surface Parking, Refrigerator, Trash Removal Included, Range / Oven, Microwave
Deals 12
Pet friendly 25
Utilities included 14
Furnished 7
Studio 20
1 Bedroom 19
2 Bedroom 3
Square footage 81 - 1,979

Where are Madison Apartments Under $500?

Top Neighborhoods Capitol, Uw madison campus, Old market place, Vilas, Monona bay
Capitol 9
UW Madison Campus 4
Old Market Place 3
Vilas 1
Monona Bay 1