Cheap Apartments for Rent in Downtown Madison
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Total Monthly Price Total Monthly Price New1 BED, 1 BATH$599+4 BEDS, 1 BATH$2,799+Base Rent$599 - $2,799Required Monthly FeesNoneTotal Monthly Price$599 - $2,799 -
Call for RentCollegiate Campus Apartments
515 N Lake St, Madison, WI 53703 -
Total Monthly Price Total Monthly Price New1 BED, 1 BATH$699Base Rent$699Required Monthly FeesNoneTotal Monthly Price$699936 Drake St Unit 4
936 Drake St, Madison, WI 53715 -
Call for RentHellenbrand Apartments
111 S Bassett St, Madison, WI 53703 -
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STUDIO$75045 N Orchard St
45 N Orchard St, Madison, WI 53715 -
Rent SpecialTotal Monthly Price Total Monthly Price NewSTUDIO$1,650+1 BED$1,825+Base Rent$759 - $1,950Required Monthly FeesNoneTotal Monthly Price$1,650 - $1,895The Post
131 E Lakeside St, Madison, WI 53715 -
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Total Monthly Price Total Monthly Price New1 BED, 1 BATH$785Base Rent$785Required Monthly FeesNoneTotal Monthly Price$785623 State St Unit #3
623 State St, Madison, WI 53703 -
1 BED$803The Shield
22 N Blount St, Madison, WI 53703 -
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Price Drop. $255 Off1 BED$8678Twenty Park
820 S Park St, Madison, WI 53715 -
Exceptional ValueSTUDIO$1,680+1 BED$1,875+2 BEDS$895+
New Langdon
126 Langdon St, Madison, WI 53703 -
STUDIO$895+2 BEDS$1,650+632 Howard Place
632 Howard Pl, Madison, WI 53703 -
Good ValueSTUDIO$900Metropolitan Apartments
380 W Washington Ave, Madison, WI 53703 -
Exceptional ValueSTUDIO$975+1 BED$1,225+2 BEDS$900+
134 E Johnson
134 E Johnson St, Madison, WI 53703 -
Good ValueSTUDIO$920+3 BEDS$2,450+519 State St
519 State St, Madison, WI 53703 -
STUDIO$925+1 BED$1,110+2 BEDS$1,375+3 BEDS$2,050+Renaissance
510 W Main St, Madison, WI 53703 -
Exceptional ValueSTUDIO$999+1 BED$929+126-128 S Franklin St
126-128 S Franklin St, Madison, WI 53703 -
Price Drop. $578 Off1 BED$2,399+2 BEDS$1,599+3 BEDS$1,087+4 BEDS$938+Waterfront Apartments
633 N Henry St, Madison, WI 53703 -
STUDIO$939+1 BED$1,429+2 BEDS$1,899+University Square Apartments
212 Marion St, Madison, WI 53703 -
Price Drop. $310 OffTotal Monthly Price Total Monthly Price NewSTUDIO$2,279+1 BED$1,379+2 BEDS$1,229+3 BEDS$1,389+Base Rent$941 - $2,279Required Monthly FeesNoneTotal Monthly Price$941 - $2,279Chapter at Madison
832 Regent St, Madison, WI 53715 -
Exceptional Value1 BED$1,200+2 BEDS$950+Morgan House
10 Langdon St, Madison, WI 53703 -
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1 BED$965+2 BEDS$2,100+3 BEDS$965+
Park Terrace West
45 N Randall Ave, Madison, WI 53715 -
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Exceptional ValueSTUDIO$980+1 BED$1,070+2 BEDS$1,750+3 BEDS$2,450+Gargano Properties
525 State St, Madison, WI 53703 -
STUDIO$990+1 BED$1,190+2 BEDS$1,750+3 BEDS$2,880+228 Langdon St
228 Langdon St, Madison, WI 53703 -
Price Drop. $154 OffSTUDIO$995+1 BED$1,150+
Allen House Apartments
2130 University Ave, Madison, WI 53726 -
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Exceptional ValueSTUDIO$999502 E Main St
502 E Main St, Madison, WI 53703 -
Price Drop. $550 OffSTUDIO$1,595+1 BED$1,000+2 BEDS$1,925+
Washington Plaza
425 W Washington Ave, Madison, WI 53703 -
6 BEDS$1,000229 Lakelawn *Student Housing*
229 W Lakelawn Pl, Madison, WI 53703 -
Total Monthly Price Total Monthly Price NewSTUDIO, 1 BATH$1,000+1 BED, 1 BATH$1,300+Base Rent$1,000 - $1,300Required Monthly FeesNoneTotal Monthly Price$1,000 - $1,300636 State St
636 State St, Madison, WI 53703 -
Call for Rent10 E Gorham St
10 E Gorham St, Madison, WI 53703 -
STUDIO$1,025+1 BED$1,095+3 BEDS$2,980+The Bayshore
316 N Butler St, Madison, WI 53703 -
STUDIO$1,029+1 BED$1,299+2 BEDS$1,849+Ambassador West
434 W Mifflin St, Madison, WI 53703 -
Rent Special1 BED$1,030509 N Lake St
509 N Lake St, Madison, WI 53703 -
Price Drop. $441 Off|Total Monthly Price Total Monthly Price NewSTUDIO$1,740+1 BED$2,075+2 BEDS$1,559+3 BEDS$1,590+Base Rent$1,049 - $2,225Required Monthly FeesNoneTotal Monthly Price$1,049 - $2,225
Axton
750 Regent St, Madison, WI 53715 -
Price Drop. $150 Off
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Price Drop. $699 Off1 BED$1,500+2 BEDS$1,050+3 BEDS$1,325+4 BEDS$1,175+Palisade Apartments
535 W Johnson St, Madison, WI 53703
Madison at a Glance
Cheap Apartments in Downtown Madison Neighborhood in Madison, WI
When looking for cheap apartments in Downtown Madison, Apartment Finder is your deal-hunting partner. Whether you’re looking for a studio, a one-bedroom, or a two-bedroom apartment, you want the best place at the right price. We have a great selection of budget-friendly apartments for rent, and we’ll show you which apartments offer the best value when compared to other apartments in Downtown Madison.
Finding a rental that fits your budget without compromising on quality can seem like a challenge, but Apartment Finder makes it easy to discover cheap apartments with all the features you want. To find an apartment you can afford, try looking in less popular neighborhoods outside of the city center. Timing is everything when searching for rentals that are affordable, so look at different times of the day, different days of the week and (if you can wait) certain months like December through March. When you find an apartment with a great price, don’t hesitate! Cheap apartments tend to go very quickly.
Affordability doens't have to equal sacrifice. While it’s important to be flexible, you might not have to give up as much as you think. You can find a cheap apartment for rent, complete with must-have amenities such as paid utilities and an in-unit washer and dryer. Click on any of these properties to see photos and floor plans, read reviews, check out the rent calculator, and learn more about the neighborhood with information on nearby parks, shopping malls, and transit stops. With 358 cheap apartments available in Downtown Madison, Apartment Finder is the place to find your next rental.
Top Budget-Friendly Neighborhoods in Madison
(For 1 bedroom apartments)- Neighborhoods Average Sq Ft Average Rent
- Hawthorne 627 Sq Ft $1,196/mo
- Burr Oaks 616 Sq Ft $1,212/mo
- Bram's Addition 614 Sq Ft $1,219/mo
- Berkeley Oaks 655 Sq Ft $1,239/mo
- Sherman 723 Sq Ft $1,254/mo
- South Madison 660 Sq Ft $1,377/mo
- Ridgewood 724 Sq Ft $1,398/mo
- Carpenter-Ridgeway 656 Sq Ft $1,422/mo
- Eken Park 693 Sq Ft $1,504/mo
- West Madison 728 Sq Ft $1,554/mo
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Data provided by GreatSchools.org 2025 © 2025. All rights reserved.
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About Our Deals
Apartment Finder utilizes the industry's largest and most complete database of real-time rents and availabilities to help you find an amazing deal on your next rental.
Price Drop
Apartment communities change their rental rates often - sometimes multiple times a day. We track the changes and keep you up to date when a rental rate decreases.
Best Value
"Best value" units are located in buildings rated three stars or higher. We label apartment rentals that are priced significantly less than similar high-quality units nearby.
Rent Specials
Apartment communities regularly advertise deals for new residents. Whether it's a move-in special or a free tv, we locate the rentals that offer a little something extra when you sign your lease.
Note: Based on community-supplied data and independent market research. Subject to change without notice.