The 10 Cheapest Madison, WI Neighborhoods To Live In For 2022


We used science and data to determine which neighborhoods in Madison are the cheapest of the cheap.

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Everything else equal, I think we can all agree that living in a cheaper place is better than living in a more expensive place.

I'd much rather pay $500/mo in rent than $1,000. And I'd rather pay $2 for coffee than $5.

And while every neighbhorhood in Madison might be more expensive than living in rural Wisconsin, there are certain neighborhoods that are definitely cheaper.

So what exactly are those Madison neighborhoods where your dollar goes a little further -- you can get that one bedroom instead of the studio?

Instead of relying on public opinion and speculation, we wanted to get the facts straight and find out which neighborhoods in Madison are the cheapest.

What's the cheapest neighborhood to live in Madison for 2022? According to the most recent census data, Elvehjem looks to be the cheaptest Madison neighborhood to live in.

At this point we should make it clear that you do get what you pay for -- some of these neighborhoods might not be the best places to live in Madison. You could be sacrificing location or crime rates in return for more space and cheaper groceries.

Read on to see how we determined the places around Madison that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Madison.

Once you're done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from cheapest to most expensive.

For more Wisconsin reading, check out:

The 10 Cheapest Neighborhoods To Live In Madison For 2022

Overall SnackAbility

8.5
/10

Population: 3,609
Cost Of Living Index: 97 (6th cheapest)
Home Value To Income Ratio: 2.4 (4th cheapest)
Rent To Income Ratio: 0.004 (3rd cheapest)
More on Elvehjem: Homes For Sale | Data

Overall SnackAbility

8.5
/10

Population: 2,180
Cost Of Living Index: 101 (20th cheapest)
Home Value To Income Ratio: 2.6 (13th cheapest)
Rent To Income Ratio: 0.008 (9th cheapest)
More on Heritage Heights: Homes For Sale | Data

Overall SnackAbility

/10

Population: 102
Cost Of Living Index: 103 (32nd cheapest)
Home Value To Income Ratio: 2.7 (16th cheapest)
Rent To Income Ratio: 0.0 (cheapest)
More on Cherokee Park: Homes For Sale | Data

Overall SnackAbility

8
/10

Population: 2,275
Cost Of Living Index: 100 (14th cheapest)
Home Value To Income Ratio: 2.8 (24th cheapest)
Rent To Income Ratio: 0.011 (2cheapest)
More on Sherman Village: Homes For Sale | Data

Overall SnackAbility

8.5
/10

Population: 2,660
Cost Of Living Index: 101 (20th cheapest)
Home Value To Income Ratio: 2.8 (17th cheapest)
Rent To Income Ratio: 0.011 (25th cheapest)
More on Prairie Hills: Homes For Sale | Data

Overall SnackAbility

8.5
/10

Population: 2,460
Cost Of Living Index: 102 (27th cheapest)
Home Value To Income Ratio: 3.0 (3cheapest)
Rent To Income Ratio: 0.006 (5th cheapest)
More on Meadowood: Homes For Sale | Data

Overall SnackAbility

9
/10

Population: 1,224
Cost Of Living Index: 107 (48th cheapest)
Home Value To Income Ratio: 2.2 (3rd cheapest)
Rent To Income Ratio: 0.01 (17th cheapest)
More on Westhaven Trails: Homes For Sale | Data

Overall SnackAbility

8
/10

Population: 2,028
Cost Of Living Index: 104 (36th cheapest)
Home Value To Income Ratio: 2.5 (9th cheapest)
Rent To Income Ratio: 0.013 (28th cheapest)
More on Rolling Meadows: Homes For Sale | Data

Overall SnackAbility

9
/10

Population: 706
Cost Of Living Index: 108 (52nd cheapest)
Home Value To Income Ratio: 2.5 (10th cheapest)
Rent To Income Ratio: 0.01 (15th cheapest)
More on Glen Oak Hills: Homes For Sale | Data

Overall SnackAbility

8
/10

Population: 987
Cost Of Living Index: 106 (44th cheapest)
Home Value To Income Ratio: 2.7 (15th cheapest)
Rent To Income Ratio: 0.011 (20th cheapest)
More on Westchester Gardens: Homes For Sale | Data

Methodology: How We Determined The Cheapest Madison Hoods In 2022

In order to rank the cheapest places to live in Madison, we had to determine what criteria defines "cheap".

Using census and extrapolated BLS data, we arrived at the following set of criteria:

  • Overall Cost Of Living
  • Rent To Income Ratio
  • Median Home Value To Income Ratio

We then ranked each neighborhood with scores from 1 to 101 in each category, where 1 was the cheapest.

Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.

And finally, we crowned the neighborhood with the lowest cheapest neighborhood index the "Cheapest City Neighborhood In Madison." We're lookin' at you, Elvehjem.

Read on below to learn more about what it's like to live in the cheapest places Madison. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.

Summary: Lowest Cost Places To Live In Madison

If you're measuring the neighborhoods in Madison where prices are low and it's cheap to live, this is an accurate list.

As we mentioned earlier, the neighborhoods in Madison aren't all cheap. Greenbush takes the title of the most expensive neighborhood to live in Madison.

We ranked the neighborhoods from cheapest to most expensive in the chart below.

For more Wisconsin reading, check out:

Detailed List Of The Cheapest Neighborhoods To Live In Madison For 2022

Rank Neighborhood Cost Of Living Index
1 Elvehjem 97
2 Heritage Heights 101
3 Cherokee Park 103
4 Sherman Village 100
5 Prairie Hills 101
6 Meadowood 102
7 Westhaven Trails 107
8 Rolling Meadows 104
9 Glen Oak Hills 108
10 Westchester Gardens 106
11 Wexford 108
12 Bram's Addition 87
13 Glacier Ridge 114
14 Eastmorland 102
15 Skyview Meadows 111
16 Park Ridge 97
17 Country Grove 115
18 High Crossing 106
19 East Bluff 98
20 Stonefield Woods-Ridge 122
21 Highlands Community 122
22 Sherman 98
23 Woodland Hills 123
24 Greentree 106
25 Indian Springs 103
26 Highland Manor 103
27 Sherman Terrace 93
28 Broadway-Lakepoint 104
29 East Buckeye 110
30 Nakoma League 114
31 North Lake Mendota 110
32 Waunona 105
33 Stone Meadows 115
34 Spring Harbor 109
35 Eken Park 98
36 Mendota Hills 109
37 Lerdahl Park 110
38 Wisconsin Co-Op Housing 115
39 Orchard Ridge Community 110
40 Wexford Ridge 107
41 Radio Park 120
42 Parkwood Hills 119
43 Oakbridge Community 112
44 Hill Farms-University Neighborh 113
45 Ridgewood 106
46 Vanchamasshe 122
47 Maple-Prairie 111
48 High Point Estates 109
49 Bluff Acres 100
50 Faircrest 112
51 Sunset Hills 123
52 Glendale 102
53 Midvale Heights Community 115
54 Sunset Village 115
55 Leopold 95
56 Reston Heights 114
57 Lake View Hill 100
58 Westmorland 114
59 Walnut Grove 112
60 Arbor Hills 112
61 Sauk Creek 114
62 Moorland-Rimrock 102
63 Old Middleton Greenway 113
64 Mcclellan Park 113
65 Lake Edge 106
66 Tamarack Trails Community 115
67 Worthington Park 97
68 Marbella 111
69 Capitol 96
70 Clarendon Hills 101
71 Norman Acres 101
72 Hawk's Landing 135
73 Bay Creek 109
74 Dudgeon-Monroe 126
75 Schenk-Atwood 111
76 Schenk-Atwood-Starkweather-Yahar 111
77 Summit Woods 112
78 Allied Community 101
79 Dunn's Marsh 101
80 Berkley Oaks 99
81 Hawthorne 101
82 Brentwood Village 103
83 Carpenter-Ridgeway 102
84 Vera Court 99
85 Sheridan Triangle 104
86 Whitetail Ridge 101
87 Heistand 106
88 Nobel Park 100
89 Emerson East 104
90 Mayfair Park 103
91 Burr Oaks 105
92 Junction Ridge 129
93 Blackhawk 130
94 Burke Heights 106
95 Marquette 116
96 Tenney-Lapham 114
97 Brittingham Apartments 108
98 Bayview 108
99 Regent 132
100 University Apartments 125
101 Greenbush 115

Editor's Note: We updated this article for 2022. This is our third time ranking the cheapest neighborhoods to live in Madison.

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.