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The Regent
(608) 856-6083
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Lucky
(608) 591-5156
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The Highlander
(608) 234-4011
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2843 Coolidge St
(608) 879-1122
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Bassettville Apartments
(608) 927-4566
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2025 Sherman Ave
(608) 636-8217
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Hobbins House Apartments
(608) 927-4470
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2313 Brentwood Pkwy
(608) 636-8143
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45 N Orchard St
(608) 480-6282
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404-408 W Mifflin St
(608) 420-3111
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738 E Dayton St
(608) 256-2799
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417 State Street
(608) 219-4738
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2 Langdon St
(608) 255-6169
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1815 Brittany Pl #1
(608) 420-6176
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209 E. Mifflin St
(608) 255-3753
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17 N. Seventh St
(608) 255-3753
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137 Talmadge Street
(608) 509-1988
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237 Lakelawn Pl
(608) 255-6169
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2019 Sherman Avenue
(608) 238-2044
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2609 University Avenue
(608) 238-2044
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1202 Mckenna Blvd
(608) 420-4673
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137 Talmadge Street
(608) 509-1988
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405 Moorland Rd
(608) 292-4414
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234 Langdon St
(608) 255-6169
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104 E Gilman St
(608) 255-8633
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407 Wisconsin Avenue
(608) 772-4356
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810 Oakland Ave
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The James
(608) 298-5222
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414 N Pinckney St
(608) 663-1778
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Apartments Under $700 in Madison, WI

1 of 39 Results
11
$410
Campus Area Houses
2.6
110 S Brooks St Madison, WI
9+ BR | Aug. 17, 2023
Contact
Dog Friendly
Cat Friendly
Surface Parking
Greenbush
52
3D Tour
$600 - 690
PER
ROOM
The Regent
3.8
1402 Regent St Madison, WI
2 BR | Available Now
Contact
Heat Included
Furnished
Student
Virtual Tour
Air Conditioning
31
3D Tour
$600
PER
ROOM
Lucky
4.3
777 University Ave Madison, WI
2 - 4 BR | May. 23, 2023
Contact
Heat Included
Furnished
Cat Friendly
Student
Virtual Tour
25
$550 - 695
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
10
$575
PER
ROOM
2843 Coolidge St
Madison, WI
Studio | Available Now
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Dishwasher
Eken Park
15
$685
Bassettville Apartments
111 S Bassett St Madison, WI
Studio | Available Now
Contact
Cat Friendly
Air Conditioning
Surface Parking
Capitol
11
$475 - 550
PER
ROOM
2025 Sherman Ave
Madison, WI
Studio - 1 BR | Available Now
Contact
Heat Included
7
$665 - 925
Hobbins House Apartments
4.3
114 W Gilman St Madison, WI
Studio | Aug. 15, 2023
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Heat Included
Surface Parking
Capitol
10
$600
PER
ROOM
2313 Brentwood Pkwy
Madison, WI
1 BR | Jul. 1, 2023
Contact
Heat Included
Brentwood Village
1
$657
45 N Orchard St
Madison, WI
Studio | Aug. 16, 2023
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Heat Included
Cat Friendly
Student
Virtual Tour
Air Conditioning
1
$625
404-408 W Mifflin St
404 W Mifflin St Madison, WI
Studio | Aug. 16, 2023
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Heat Included
Surface Parking
Fireplace
Capitol
16
3D Tour
$670 - 690
738 E Dayton St
Madison, WI
Studio | Jun. 15, 2023
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Heat Included
Dog Friendly
Cat Friendly
Student
Virtual Tour
9
$695
417 State Street
Madison, WI
Studio | Ask for Availability
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Heat Included
Air Conditioning
Capitol
12
$660 - 860
2 Langdon St
2.5
Madison, WI
Studio | Ask for Availability
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Student
Dishwasher
Capitol
4
$ Ask - 1,850
1815 Brittany Pl #1
Madison, WI
Studio | Available Now
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Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Dishwasher
6
$275
209 E. Mifflin St
Madison, WI
Studio | Available Now
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Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Capitol
4
$675
17 N. Seventh St
Madison, WI
1 BR | Available Now
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Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Emerson East
6
$600
PER
ROOM
137 Talmadge Street
Madison, WI
1 BR | Jun. 1, 2023
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Heat Included
Furnished
House
Balcony, Deck, Patio
Emerson East
16
$635
237 Lakelawn Pl
3.0
Madison, WI
Studio | Ask for Availability
Contact
Heat Included
Student
Air Conditioning
UW Madison Campus
3
$450 - 525
PER
ROOM
2019 Sherman Avenue
2019 Sherman Ave Madison, WI
Studio | Available Now
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Heat Included
Virtual Tour
1
$650
2609 University Avenue
2609 University Ave Madison, WI
1 BR | Aug. 1, 2023
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Heat Included
Student
Dishwasher
Regent
2
$ Ask - 1,310
1202 Mckenna Blvd
Madison, WI
Studio | Available Now
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Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Dishwasher
5
$600
PER
ROOM
137 Talmadge Street
Deal
Madison, WI
1 BR | Aug. 10, 2023
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Heat Included
Furnished
Student
House
In Unit Laundry
3
$ Ask - 1,720
405 Moorland Rd
Madison, WI
Studio | Available Now
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Cat Friendly
Balcony, Deck, Patio
Storage
Dishwasher
25
$655
234 Langdon St
Madison, WI
Studio | Ask for Availability
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Student
House
Air Conditioning
Balcony, Deck, Patio
Dishwasher
21
$660
104 E Gilman St
1.0
Madison, WI
Studio | Ask for Availability
Contact
Heat Included
Furnished
Student
House
Capitol
16
$320 - 560
407 Wisconsin Avenue
Madison, WI
Studio | Available Now
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Capitol
15
$500
PER
ROOM
810 Oakland Ave
Madison, WI
2 BR | Available Now
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Furnished
Student
House
Air Conditioning
In Unit Laundry
42
$569 - 679
PER
BED
The James
1.0
432 W Gorham St Madison, WI
2 - 4 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Virtual Tour
1
$550 - 725
414 N Pinckney St
Madison, WI
Studio - 1 BR | Available Now
Contact
In Unit Laundry
Balcony, Deck, Patio
Dishwasher
Capitol
1 - 30 of 39 Results
  1. Home
  2. Madison
  3. Apartments Under $700

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

Madison Apartments
Bed Type Average Rent Range
Studio $1,050 $610 - $1,680
1BR $1,500 $830 - $2,330
2BR $1,680 $930 - $3,540
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 36,236 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 $1,050 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 $1,500 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 $42,000 to live comfortably.

How many apartments under $700 are available in Madison, WI on Rentable.co?

Rentable.co has 39 apartments under $700 available for rent in Madison.

Which neighborhoods have the most apartments under $700 for rent in Madison, WI?

  1. Capitol
  2. UW Madison Campus
  3. Old Market Place
  4. Regent
  5. Emerson East

Asset 2
Apartments by Bedrooms
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4 Bedroom Apartments
Studio Apartments
Apartments by Affordability
Cheap Apartments
Apartments Under $500
Apartments Under $600
Apartments Under $700
Apartments Under $800
Apartments Under $900
Apartments Under $1,000
Apartments Under $1,200
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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.