Madison Homes under $200,000

Welcome to Madison, Wisconsin – a vibrant city that beautifully blends the charm of a small town with the energy of a bustling urban center. Nestled in Dane County, Madison is renowned for its picturesque lakes, lush parks, and a rich cultural scene that includes museums, theaters, and a variety of festivals throughout the year. As the state capital, it also boasts a dynamic political landscape, with the historic State Capitol building serving as a focal point for both residents and visitors alike.

Madison is not just about its stunning scenery and cultural offerings; it’s also a fantastic place to call home, especially for those seeking affordable housing options. If you’re in the market for homes under $200,000, you’ll find a wealth of opportunities in this thriving city. Whether you’re a first-time homebuyer, a savvy investor, or looking to downsize, Madison offers a diverse range of properties that fit your budget without compromising on quality or location.

From cozy bungalows in established neighborhoods to modern condos near the vibrant downtown area, the options are plentiful. You’ll love the sense of community that Madison fosters, with friendly neighbors and local shops that make every day feel special. Plus, with excellent schools and an array of recreational activities, it’s an ideal environment for families and individuals alike.

Explore the charm and affordability of Madison, WI, and discover your perfect home in this welcoming city that truly has something for everyone!

Newest Madison Homes under $200,000

$179,900

2 Beds ⋅ 1 Baths ⋅ 2033541 MLS ⋅ ACTIVE Status

Fully refreshed and 100% move-in ready, the home features fresh paint throughout and sleek laminate flooring designed for effortless living. The revamped kitchen boasts updated cabinets, brand-new countertops, a new sink and faucet, new stainless steel appliances, and new flooring. The bathroom is equally refreshed with an updated vanity and new flooring. Forget about lawn care and snow shoveling—the HOA takes care of the exterior maintenance so you can spend your days enjoying community amenities like an onsite pool, gym, and relaxing sauna. Centrally located in the heart of East Madison, you are just minutes away from the city’s top dining, shopping, and entertainment.

4328 Melody Ln Unit 101, Madison

$192,000

2 Beds ⋅ 2 Baths ⋅ 2033116 MLS ⋅ ACTIVE Status

INVITING MADISON CONDO IN A CENTRAL LOCATION! Discover comfort and convenience in this beautifully maintained condo on the second floor which includes a balcony overlooking greenspace. Come inside to an open floor plan with a feeling of spaciousness between the living room, dining room, and kitchen. Stainless steel appliances, wood floors, and other updates make it feel like home. Favorite features include a private deck, walk-in closet, additional storage, and an assigned underground parking space. Great location just 11 minutes to downtown with easy access to bike paths, bus routes, and the beltline. Enjoy an easy lifestyle living with snow removal, lawn care and other maintenance taken care of for you. Come take a look today!

1026 S Sunnyvale Ln Unit H, Madison

$190,000

1 Beds ⋅ 1 Baths ⋅ 2032075 MLS ⋅ ACTIVE Status

Main level 1-bedroom, 1-bathroom with walk-in closet, fireplace, central air, in-unit laundry, tankless water heater, living room patio door leading to covered porch. Intercom security system, below ground parking stall (7207 Flagship Dr P22 (marked L on wall) 070826419678) and storage unit(7207-4). In addition, enjoy the Harbor House Club House, expansive exercise area, swimming pool, sauna, tennis courts, playset and close proximity to commercial and retail developments. Total assessment and taxes reflects additional value of parking stall.

7207 Flagship Dr Unit 4, Madison

$192,500

2 Beds ⋅ 1 Baths ⋅ 2031918 MLS ⋅ ACTIVE Status

Welcome home to this bright and inviting condo in Sherman Terrace! This efficient space perfectly blends comfort and convenience. Newer windows flood the open living area with natural light, highlighting the hardwood floors. Details like built-in shelving offer convenient storage. The fresh white paint and clean lines create a versatile canvas that is ready for your personal style and furnishings. With an unbeatable location with nature right at your doorstep. You are situated just across the street from the historic Tenney Park and an easy commute to downtown Madison and the UW campus with access to nearby bike paths, and close proximity to the bus line. Electrical has updated.

36 Sherman Ter Unit 3, Madison

$185,000

1 Beds ⋅ 1 Baths ⋅ 2031550 MLS ⋅ ACTIVE Status

Imagine Monday at 6 a.m. The coffee is brewing. You squeeze in a quick workout before the day begins, then step onto your private balcony with that first warm cup in hand. The morning is quiet. You take a breath, enjoy the stillness, and think about what you’re grateful for. Later, after a long day, you’re ready to unwind. Maybe it’s a few laps in the pool, a tennis match, or simply soaking in the hot tub while the day finally slows down. This well-equipped 1-bedroom, 1-bath condo offers the spaces and amenities to make everyday living feel a little more balanced. Vaulted ceilings bring an airy, open feeling to your living space, while the clubhouse, gym, tennis and volleyball courts, pool, and hot tub/whirlpool bring a resort-like feeling to your day. And when it’s time to head out, restaurants, cafes, and major grocery stores are within walking distance, as well as easy access to the Beltline for when it is time to drive. Come experience it for yourself—before it goes.

917 Harbor House Dr Unit 8, Madison

$124,900

1 Baths ⋅ 2031224 MLS ⋅ ACTIVE Status

Affordable west-side homeownership without the maintenance of a larger property! This inviting first-floor studio condo offers a private entrance, efficient layout, and several desirable updates, including a newer dishwasher, countertops, microwave, and electric fireplace. In-unit washer and dryer add everyday convenience, while sliding glass doors provide access to the patio. Enjoy excellent community amenities including a clubhouse and fitness center, while the condo fee covers water/sewer, hot water, snow removal, and lawn care. Conveniently located near specialty shops, restaurants, movie theaters, and public transportation. A great opportunity to stop renting and start building equity in an affordable Madison home!

539 Donofrio Dr Unit 1, Madison

$170,000

1 Beds ⋅ 2 Baths ⋅ 2030856 MLS ⋅ ACTIVE UNDER CONTRACT Status

Step inside and let this charming condo surprise you! Soaring vaulted ceilings create an airy, dramatic first impression, while a beautiful half-round window draws your eye upward and fills the living space with natural light. The open main level offers a warm, welcoming place to relax or entertain, with a second full bath adding everyday convenience. Upstairs, the light-filled suite feels like its own private retreat overlooking the space below. Enjoy a central west Madison location near shopping, dining, bus transit, and everyday essentials. Community amenities include a welcoming clubhouse with a fireplace and gathering space, fitness area, additional laundry, and outdoor recreation space. A unique blend of character, convenience, and architectural charm! This condo is worth taking a peek!

519 Donofrio Dr Unit 5, Madison

$159,900

1 Beds ⋅ 1 Baths ⋅ 2029078 MLS ⋅ ACTIVE Status

Move right into this beautifully updated second-floor condo offering comfort, security, and an unbeatable location. Enjoy peaceful views of mature trees from your private deck. Features include the following brand-new items: Bath, Luxury vinyl flooring, fresh paint, stainless steel appliances, carpet in bedroom, wall AC unit, patio door, and bedroom window. Spacious living/dining area has room for all your furniture. Added breakfast bar for 3/4 stools is great for entertaining & everyday meals. One assigned underground parking, storage unit, and onsite shared laundry. Next to a Madison park and minutes to the Arboretum, hospitals, downtown, and the Beltline.

1505 Martin St Unit 8, Madison

$114,000

1 Beds ⋅ 1 Baths ⋅ 2030993 MLS ⋅ ACTIVE Status

Affordable Madison condo offering a great investment opportunity. Currently rented at $965/month through 4/30/2027, providing immediate rental income for the next owner. The unit features an updated bathroom vanity and sink and two off-street parking stalls. Monthly condo fees include heat, water/sewer, common area cleaning, snow removal, and lawn care. Convenient South Side location with easy access to the Beltline, bike paths, shopping, and more.

2329 Carling Dr Unit 2, Madison

$195,000

2 Beds ⋅ 1 Baths ⋅ 2030944 MLS ⋅ ACTIVE Status

Great opportunity to own your first home in a convenient west-side Madison location! This well-maintained ranch-style condo offers affordable, low-maintenance living with easy access to shopping, dining, entertainment, and everyday amenities, just 10 minutes away from West town Mall. One of the standout features is the low HOA fee, supported by great management and an involved, mostly owner-occupied community. The condo also offers excellent noise insulation, helping create a comfortable and peaceful living environment. Enjoy your own small garden area and front deck—perfect for relaxing outdoors. The roof serving this section of the condominium was recently replaced, providing added peace of mind. One of the best-priced ranch-style condos in the Madison area, this is an excellent opportunity for a first-time buyer or anyone looking for a well-maintained home in a convenient location.

773 Kottke Dr, Madison

$179,000

2 Beds ⋅ 1 Baths ⋅ 2030800 MLS ⋅ ACTIVE Status

Welcome home to this bright and spacious second-floor end-unit condo on Madison's west side! With three sides of exposure, natural light fills the inviting living spaces, while new luxury vinyl plank flooring adds comfort and style. Cozy up by the wood-burning fireplace or enjoy your morning coffee and summer evenings on the private balcony. The generous primary bedroom features two closets, and the rare in-unit washer and dryer provide everyday convenience. You'll also love the oversized two-car tandem garage with plenty of additional room for storage. Ideally located near shopping, restaurants, parks, the bus line, and with easy access to the Beltline, this move-in-ready condo offers the perfect blend of space, convenience, and low-maintenance living!

6733 Prk Edge Dr Unit A, Madison

$195,000

2 Beds ⋅ 1 Baths ⋅ 2030582 MLS ⋅ ACTIVE Status

Step inside this first-floor condo at 35 Sherman Terrace, Unit 2, which offers a private entry in addition to the shared hallway access. Brand new carpet and fresh paint run throughout, while newer windows fill both bedrooms with natural light. At 852 square feet, the layout makes smart use of every inch, with views over the association's green space. A dedicated storage unit adds everyday convenience. The location is hard to beat: Tenney Park and Lake Mendota sit right across the street, with the bus line and bike path just steps away. Downtown Madison, the UW campus, and the airport are all a short drive out. You won't want to miss this one!

35 Sherman Ter Unit 2, Madison

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