Best Affordable Neighborhoods in Madison, WI
Some of the cheapest neighborhoods in Madison are Reindahl Park, Hawthorne, and Burr Oaks. These neighborhoods offer some of the lowest rent prices in Madison, making them ideal for renters on a budget. As of March 24, 2026, the average rent in Madison is $1,509, which is 1.7% 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.
Reindahl Park
Average Rent
$1,055/Month
Year-Over-Year Rent Change
0.2%
Units Available
36 Rentals
When you’re looking for a great Madison neighborhood on a budget, check out Reindahl Park. The average rent is $1,055, compared to the city average of $1,509. Rent prices have increased by 0.2%. Reindahl Park is convenient to Madison Area Technical College, East Washington Plaza, and Shoppes at 4622 East Washington.
Hawthorne
Average Rent
$1,193/Month
Year-Over-Year Rent Change
3.2%
Units Available
13 Rentals
Hawthorne is an affordable neighborhood in Madison with an average rent price of $1,193. Compare this to the city average of $1,509. In the past year, rent prices have increased by 3.2%. Hawthorne provides easy access to Madison Children's Museum, Herzing University, and The Avenue Shops.
Burr Oaks
Average Rent
$1,225/Month
Year-Over-Year Rent Change
0.1%
Units Available
24 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.
Homeland
Average Rent
$1,233/Month
Units Available
16 Rentals
If you’re looking for a great, affordable neighborhood in Madison, Homeland might be the perfect place! It has an average rent price of $1,233, while the city’s average stands at $1,509. Homeland is near Herzing University, University of Wisconsin, and Cherokee Marsh - North Unit.
Brentwood Village
Average Rent
$1,250/Month
Year-Over-Year Rent Change
1.1%
Units Available
11 Rentals
Brentwood Village is a top choice for budget-conscious renters for a variety of reasons. The average rent in Brentwood Village is $1,250 while the city average is $1,509. This is a 1.1% difference from last year. Residents enjoy convenient access to Lakewood Plaza, Cherokee Marsh - North Unit, and Sherman Plaza.
Bram's Addition
Average Rent
$1,262/Month
Year-Over-Year Rent Change
1.9%
Units Available
23 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.
Sherman
Average Rent
$1,278/Month
Year-Over-Year Rent Change
1.8%
Units Available
36 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.
Indian Springs
Average Rent
$1,284/Month
Units Available
22 Rentals
When you’re looking for a great Madison neighborhood on a budget, check out Indian Springs. The average rent is $1,284, compared to the city average of $1,509. Indian Springs is convenient to Herzing University, Turville Point Park, and Henry Vilas Zoo.
Rimrock Heights
Average Rent
$1,286/Month
Units Available
26 Rentals
Rimrock Heights is an affordable neighborhood in Madison with an average rent price of $1,286. Compare this to the city average of $1,509. Rimrock Heights provides easy access to Herzing University, University of Wisconsin, and Wingra Creek Plaza.
Highland Village
Average Rent
$1,307/Month
Units Available
18 Rentals
If you’re looking for a great, affordable neighborhood in Madison, Highland Village might be the perfect place! It has an average rent price of $1,307, while the city’s average stands at $1,509. Highland Village is near Highland Gates, Edgewood University, and Owen Conservation Park.
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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.