Cheapest Neighborhoods in Madison, WI
Some of the cheapest neighborhoods in Madison are Griffiths Beach, Hawthorne, and Greentree. These neighborhoods offer some of the lowest rent prices in Madison, making them ideal for renters on a budget. As of August 7, 2026, the average rent in Madison is $1,515, which is 0.4% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Griffiths Beach
Average Rent
$1,124/Month
Units Available
13 Rentals
If you’re looking for a great, affordable neighborhood in Madison, Griffiths Beach might be the perfect place! It has an average rent price of $1,124, while the city’s average stands at $1,515. Griffiths Beach is near Aldo Leopold Nature Center, Herzing University, and Capital Springs State Recreation Area.
Hawthorne
Average Rent
$1,187/Month
Year-Over-Year Rent Change
1.6%
Units Available
14 Rentals
Hawthorne is a top choice for budget-conscious renters for a variety of reasons. The average rent in Hawthorne is $1,187 while the city average is $1,515. This is a -1.6% difference from last year. Residents enjoy convenient access to 3225 E Washington Ave, Madison Area Technical College, and University of Wisconsin.
Greentree
Average Rent
$1,189/Month
Units Available
11 Rentals
When you’re looking for a great Madison neighborhood on a budget, check out Greentree. The average rent is $1,189, compared to the city average of $1,515. Greentree is convenient to UW-Madison Arboretum, 6633-6645 Watts Rd, and North Country National Scenic Trail.
Burr Oaks
Average Rent
$1,203/Month
Year-Over-Year Rent Change
5.9%
Units Available
38 Rentals
Burr Oaks is a quiet neighborhood near Madison's best parks, restaurants, shopping, and attractions. The cozy area is separated enough from downtown that residents can enjoy a sense of peaceful seclusion without losing the conveniences of city life.
Highland Village
Average Rent
$1,205/Month
Units Available
18 Rentals
Highland Village is an affordable neighborhood in Madison with an average rent price of $1,205. Compare this to the city average of $1,515.
Bram's Addition
Average Rent
$1,215/Month
Year-Over-Year Rent Change
0.4%
Units Available
33 Rentals
Bram's Addition in Madison, Wisconsin, offers budget-friendly apartments with convenient access to local parks and public transportation. The neighborhood is on the south side of Madison and is known for its historic single-family homes and residential, walkable streets.
Berkeley Oaks
Average Rent
$1,264/Month
Year-Over-Year Rent Change
2.8%
Units Available
10 Rentals
Berkeley Oaks is a scenic neighborhood next to Warner Park and Lake Mendota. With dog parks, beaches, and boat ramps, this neighborhood is perfect for residents who want to be near the waterfront. Additionally, a 15-minute drive into Downtown Madison provides nearby entertainment and dining.
Indian Springs
Average Rent
$1,273/Month
Units Available
19 Rentals
If you’re looking for a great, affordable neighborhood in Madison, Indian Springs might be the perfect place! It has an average rent price of $1,273, while the city’s average stands at $1,515. Indian Springs is near Paunack Park, Turville Point Park, and Dane County Regional/Truax Field.
Sherman
Average Rent
$1,274/Month
Year-Over-Year Rent Change
5.3%
Units Available
133 Rentals
Sherman in Madison, Wisconsin, offers numerous inexpensive apartment options, perfect for those seeking budget-friendly living. The neighborhood boasts several parks and recreational facilities ideal for outdoor activities, as well as shopping and dining options.
High Point Estates
Average Rent
$1,288/Month
Units Available
33 Rentals
High Point Estates is a top choice for budget-conscious renters for a variety of reasons. The average rent in High Point Estates is $1,288 while the city average is $1,515. Residents enjoy convenient access to Edgewood University, Elver Park, and Herzing University.
Ready to make your move to Madison? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.