Cheap Apartments for Rent in Downtown Madison
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3 BEDS$675+4 BEDS$675+ -
Call for RentHellenbrand Apartments
111 S Bassett St, Madison, WI 53703 -
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Total Monthly Price Total Monthly Price NewSTUDIO, 1 BATH$725Base Rent$725Required Monthly FeesNoneTotal Monthly Price$725420 W Wilson St Unit l-2
420 W Wilson St, Madison, WI 53703 -
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Total Monthly Price Total Monthly Price New2 BEDS, 1 BATH$775Base Rent$775Required Monthly FeesNoneTotal Monthly Price$775930 S Brooks St Unit 3
930 S Brooks St, Madison, WI 53715 -
Total Monthly Price Total Monthly Price New1 BED, 1 BATH$795Base Rent$795Required Monthly FeesNoneTotal Monthly Price$795936 Drake St Unit 6
936 Drake St, Madison, WI 53715 -
1 BED$803
The Shield
22 N Blount St, Madison, WI 53703 -
Total Monthly Price Total Monthly Price NewSTUDIO, 1 BATH$850Base Rent$850Required Monthly FeesNoneTotal Monthly Price$850522 W Wilson St Unit 100
522 W Wilson St, Madison, WI 53703 -
STUDIO$895+2 BEDS$1,750+632 Howard Place
632 Howard Pl, Madison, WI 53703 -
Rent SpecialSTUDIO$900Metropolitan Apartments
380 W Washington Ave, Madison, WI 53703 -
Exceptional ValueSTUDIO$1,050+1 BED$1,225+2 BEDS$900+134 E Johnson
134 E Johnson St, Madison, WI 53703 -
Exceptional Value -
Exceptional 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 -
STUDIO$999+1 BED$929+126-128 S Franklin St
126-128 S Franklin St, Madison, WI 53703 -
Exceptional ValueSTUDIO$950+1 BED$1,030+509 N Lake St
509 N Lake St, Madison, WI 53703 -
Exceptional Value1 BED$1,200+2 BEDS$950+
Morgan House
10 Langdon St, Madison, WI 53703 -
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Exceptional Value
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Exceptional Value -
Exceptional ValueSTUDIO$980+1 BED$1,020+2 BEDS$1,750+3 BEDS$2,450+Gargano Properties
525 State St, Madison, WI 53703 -
Exceptional ValueSTUDIO$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$1,279+
Allen House Apartments
2130 University Ave, Madison, WI 53726 -
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Exceptional ValueSTUDIO$1,225+4 BEDS$1,180+6 BEDS$1,000+229 Lakelawn *Student Housing*
229 W Lakelawn Pl, Madison, WI 53703 -
Call for Rent10 E. Gorham
10 E Gorham St, Madison, WI 53703 -
STUDIO, 1 BATH$1,0201505 Williamson St Unit 2
1505 Williamson St, Madison, WI 53703 -
STUDIO$1,025+1 BED$1,380+2 BEDS$1,250+
Park House Apartments
1831 S Park St, Madison, WI 53713 -
Exceptional ValueSTUDIO$1,025+1 BED$1,095+3 BEDS$2,980+The Bayshore
316 N Butler St, Madison, WI 53703 -
Total Monthly Price Total Monthly Price New1 BED, 1 BATH$1,035Base Rent$1,035Required Monthly FeesNoneTotal Monthly Price$1,035112 S Bassett St Unit #2 SUBLET NO DEPOSIT
112 S Bassett St, Madison, WI 53703 -
Good Value
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Price Drop. $210 OffTotal Monthly Price Total Monthly Price NewSTUDIO$2,279+1 BED$1,379+2 BEDS$1,229+3 BEDS$1,389+Base Rent$1,049 - $2,279Required Monthly FeesNoneTotal Monthly Price$1,049 - $2,279Chapter at Madison
832 Regent St, Madison, WI 53715 -
Exceptional ValueSTUDIO$1,050+1 BED$1,385+
Greenspire Wilson Apartments
512 W Wilson St, Madison, WI 53703 -
Total Monthly Price Total Monthly Price NewSTUDIO, 1 BATH$1,050+1 BED, 1 BATH$1,300+Base Rent$1,050 - $1,300Required Monthly FeesNoneTotal Monthly Price$1,050 - $1,300636 State St
636 State St, Madison, WI 53703 -
STUDIO$1,055+1 BED$1,525+Second Street Apartments
110 S 2nd St, Madison, WI 53704 -
Exceptional ValueSTUDIO$1,055Courtyard Apartments
102 N Franklin St, Madison, WI 53703 -
Price Drop. $700 OffSTUDIO$1,999+2 BEDS$1,099+4 BEDS$1,059+5 BEDS$1,559+
Theory Madison
419 N Lake St, Madison, WI 53715 -
Price Drop. $649 OffTotal Monthly Price Total Monthly Price NewSTUDIO$1,630+1 BED$1,093+2 BEDS$2,119+Base Rent$1,061 - $2,375Required Monthly FeesNoneTotal Monthly Price$1,093 - $2,375Vicino Apartments
1235 Regent St, Madison, WI 53715 -
STUDIO$1,545+1 BED$1,645+2 BEDS$1,195+3 BEDS$1,145+Varsity Campus Apartments
401 N Lake St, Madison, WI 53715
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 326 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
- Burr Oaks 618 Sq Ft $1,222/mo
- Brentwood Village 808 Sq Ft $1,225/mo
- Hawthorne 627 Sq Ft $1,235/mo
- Bram's Addition 602 Sq Ft $1,253/mo
- Meadowood 622 Sq Ft $1,255/mo
- Berkeley Oaks 672 Sq Ft $1,295/mo
- Greentree 745 Sq Ft $1,335/mo
- Sherman 733 Sq Ft $1,362/mo
- Ridgewood 662 Sq Ft $1,375/mo
- South Madison 670 Sq Ft $1,420/mo
Education
Data provided by GreatSchools.org 2025 © 2025. All rights reserved.
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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.