509 N Lake St Apartments

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509 N Lake St, Madison, WI 53703
(608) 471-5047
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509 N Lake St in Madison, WI - Building Photo
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509 N Lake St in Madison, WI - Building Photo - Building Photo
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509 N Lake St in Madison, WI - Building Photo - Building Photo
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509 N Lake St in Madison, WI - Building Photo - Building Photo
Building Photo
509 N Lake St in Madison, WI - Building Photo - Building Photo
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Contact

509 N Lake St

509 N Lake St
Madison, WI 53703
(608) 471-5047
509 N Lake St in Madison, WI - Building Photo
  • Studio–1 Bedrooms
  • $950–$1,175Available Unit Pricing
  • 305–646Square Feet

About 509 N Lake St

This downtown apartment building is located above Walgreens on State Street. The apartments are close to the UW Campus, Law & Business Schools and Memorial Union and a short bus ride from the Medical School and UW Hospitals and clinics. State Street is one block from Lake Mendota with access to swimming, sailing and recreational paths for biking and jogging. Shopping, laundry, restaurants, post office, banks, churches and other activities are a short walk away. All utilities included with 24-hour maintenance service.

509 N Lake St is located in the Downtown Madison Neighborhood and 53703 Zip code of Madison, WI. This community is professionally managed by Opitz Management

Property Contact Info

Ask About Our Move-In Specials

Floorplan Pricing and Availability

509 N Lake St offers Studio to 1 Bedroom apartments starting from $950 and having 305–646 sq ft. Here is the current pricing and availability:

  • Studio

    $950

    Studio

    Studio, 1 Bath, 305 sq ftAvailable Aug 15

    Model Gallery

    Photos

    Availability Details

    PriceAvailability DateUnitSq FtDeposit
    $950 August 15, 2025204305$950

    Model Amenities and Features

    Features

    • Cable Ready
    • Ceiling Fans
    • Heating
    • High Speed Internet Access

    Kitchen

    • Freezer
    • Gas Range
    • Kitchen
    • Oven
    • Range

    Unit 204 Rent and Fees

    Price

    • $950

    Deposit

    • $950 deposit

    Unit Description

    This downtown apartment building is located above Walgreens on State Street. The apartments are close to the UW Campus, Law & Business Schools and Memorial Union and a short bus ride from the Medical School and UW Hospitals and clinics. State Street is one block from Lake Mendota with access to swimming, sailing and recreational paths for biking and jogging. Shopping, restaurants, post office, banks, churches and other activities are a short walk away

    Model Rent and Fees

    Price

    • $950

  • 1 Bedroom

    From $1,030

    One-Bed

    1 Bed, 1 Bath, 427-546 sq ftAvailable Aug 15

    Model Gallery

    Photos

    Availability Details

    PriceAvailability DateUnitSq FtDepositPhotosView Details
    $1,150 August 15, 2025301546$1,150
    $1,030 August 15, 2025308427$1,030

    Model Amenities and Features

    Features

    • Cable Ready
    • Ceiling Fans
    • Heating
    • High Speed Internet Access

    Kitchen

    • Freezer
    • Gas Range
    • Kitchen
    • Oven
    • Range

    Living Space

    • Hardwood Floors
    • Views
    • Window Coverings

    Model Rent and Fees

    Price Range

    • $1,030 - $1,150

    Available Unit Pricing

    • $1,030 - $1,150

    Deposit

    • $1,030 deposit

    Unit 301 Gallery

    Photos

    Unit 301 Amenities and Features

    Features

    • Cable Ready
    • Ceiling Fans
    • Heating
    • High Speed Internet Access

    Kitchen

    • Freezer
    • Gas Range
    • Kitchen
    • Oven
    • Range

    Living Space

    • Hardwood Floors
    • Views
    • Window Coverings

    Unit 301 Rent and Fees

    Price

    • $1,150

    Deposit

    • $1,150 deposit

    Unit Description

    This downtown apartment building is located above Walgreens on State Street. The apartments are close to the UW Campus, Law & Business Schools and Memorial Union and a short bus ride from the Medical School and UW Hospitals and clinics. State Street is one block from Lake Mendota with access to swimming, sailing and recreational paths for biking and jogging. Shopping, restaurants, post office, banks, churches and other activities are a short walk away

    Model Rent and Fees

    Price

    • $1,030 - $1,150

    Unit 308 Amenities and Features

    Features

    • Cable Ready
    • Ceiling Fans
    • Heating
    • High Speed Internet Access

    Kitchen

    • Freezer
    • Gas Range
    • Kitchen
    • Oven
    • Range

    Living Space

    • Hardwood Floors
    • Views
    • Window Coverings

    Unit 308 Rent and Fees

    Price

    • $1,030

    Deposit

    • $1,030 deposit

    Unit Description

    This downtown apartment building is located above Walgreens on State Street. The apartments are close to the UW Campus, Law & Business Schools and Memorial Union and a short bus ride from the Medical School and UW Hospitals and clinics. State Street is one block from Lake Mendota with access to swimming, sailing and recreational paths for biking and jogging. Shopping, restaurants, post office, banks, churches and other activities are a short walk away

    Model Rent and Fees

    Price

    • $1,030 - $1,150

    $1,175

    XL one-bed

    1 Bed, 1 Bath, 646 sq ftAvailable Aug 15

    Model Gallery

    Photos

    Availability Details

    PriceAvailability DateUnitSq FtDeposit
    $1,175 August 15, 2025207646$1,175

    Unit 207 Amenities and Features

    Features

    • Cable Ready
    • Ceiling Fans
    • Heating
    • High Speed Internet Access

    Kitchen

    • Freezer
    • Gas Range
    • Kitchen
    • Oven
    • Range

    Living Space

    • Hardwood Floors
    • Views
    • Window Coverings

    Unit 207 Rent and Fees

    Price

    • $1,175

    Deposit

    • $1,175 deposit

    Unit Description

    We have a few units that are two bedrooms with an extra bedroom off the kitchen and beautiful hardwood floors..

    Model Rent and Fees

    Price

    • $1,175
* Price shown is base rent and may not include non-optional fees and utilities. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Schedule a Tour

Schedule a Tour
Call us at: (608) 471-5047 to schedule a tour.

Property Information

  • 10 Units
  • 5 Stories
  • Built in 1911

Lease Terms

  • one year
Ask About Our Lease Terms

Utilities Included

  • Trash Removal
  • Electricity
  • Sewer
  • Water
  • Gas

Pet Policy

Pet Policy - Cats

  • Cats Allowed
  • 2 Pet Limit
  • $25 Monthly Pet Rent

No Brontosauruses Allowed

Pet policies can vary depending on the type of pet. Find out if we accept your pets!

Ask Us About Our Pet Policy

Fee & Deposit Info

Recurring Fees

  • $1 Street Fee

Features and Amenities

Unique Amenities

  • LAUNDRY ROOM

On-Site Services

  • 24 Hour Access
  • Laundry Facilities

Community Features

  • Elevator

Recreation and Fitness

  • Walking/Biking Trails

Interior Features

  • Heating
  • Ceiling Fans
  • High Speed Internet Access
  • Cable Ready

Kitchen Amenities

  • Gas Range
  • Kitchen
  • Range
  • Freezer
  • Oven

Living Area Features

  • Window Coverings
  • Office
  • Views
  • Hardwood Floors

Parking Street

  • Street
  • Street Fee: $1 /Mo
Ask About Our Amenities
Google Map

Map

509 N Lake St, Madison, WI 53703

Getting Around

Walk Score®

91 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

91 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

57 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about 509 N Lake St

Where is 509 N Lake St located?

509 N Lake St is located at 509 N Lake St near the Downtown Madison area of Madison, WI

What is the current rent range at 509 N Lake St?

Studio to 1 Bedroom Apartments at 509 N Lake St currently range from $950 to $1,175

Are pets allowed?

Cats are allowed at 509 N Lake St. To find out more info the policy regarding pets call us today!

Lifestyle Ratings

  • Affordability Nice Value3.2

    The 509 N Lake St Apartments are 37.65% cheaper than the average apartment in the Downtown Madison area, and 34.3% cheaper than the average apartment city-wide.

    Rent Comparison to the Downtown Madison Neighborhood

    FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
    Studio$950$1,403-$453-32.3%
    1 Bedroom$1,030$1,807-$777-43.0%

    Rent Comparison to the city of Madison

    FloorplanLowest Price HereCity Average RentCost Difference%
    Studio$950$1,386-$436-31.5%
    1 Bedroom$1,030$1,638-$608-37.1%

    Methodology: On 01/28/2025, ApartmentHomeLiving.com compared current rents by floorplan to 723 other apartment communities in the immediate area around 509 N Lake St (Downtown Madison), and 1131 other apartment communities in Madison using today’s up-to-date pricing using the sum/count averaging formula. This data will be updated in real-time as prices fluctuate.

    Rent Pricing Data as of 01/28/2025

  • Transit Friendly 3.6

    Transit Friendly apartments feature a fantastic location and great access to local mass transit.

Learn more about Lifestyle Search

Renters Reviews and Ratings

4.0
0 Renters Reviews
ⓘ How is this Rating Determined?The property ratings on ApartmentHomeLiving.com are created using a 5-star scale that includes average renter review scores combined with building ratings to determine an overall blended property score.

Building ratings are based on a community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.

Nearby Schools

Randall Elementary

Madison Metropolitan
1802 Regent Street
Public School - Grades 3-5 (311 Students)
In Attendance Zone3 minute drive / 1.2 miles away
7/10

Hamilton Middle

Madison Metropolitan
4801 Waukesha Street
Public School - Grades 6-8 (725 Students)
In Attendance Zone6 minute drive / 3.2 miles away
6/10

West High

Madison Metropolitan
30 Ash Street
Public School - Grades 9-12 (2147 Students)
In Attendance Zone4 minute drive / 1.6 miles away
7/10

Franklin Elementary

Madison Metropolitan
305 West Lakeside Street
Public School - Grades PK-2 (297 Students)
In Attendance Zone4 minute drive / 1.5 miles away
Contact Us About Nearby Schools
School data provided by GreatSchools.
details
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on scale of 1 (below average) and to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider needs as part of the school selection process.

About GreatSchools Data on ApartmentHomeLiving.com.

Points of Interest

Time and distance from 509 N Lake St.

Arts Museums and Landmarks

Madison Museum of Contemporary Art
227 State Street
2 minute drive / 0.68 miles away
Orpheum Theatre
212 State Street
2 minute drive / 0.68 miles away
Overture Center for the Arts
201 State Street
2 minute drive / 0.7 miles away

Big Box and Retail

Kohl's
2501 W Broadway
7 minute drive / 3.43 miles away
Walgreens
108 Cottage Grove Rd
8 minute drive / 3.82 miles away
Menards
6401 Copps Ave
10 minute drive / 4.9 miles away

Colleges and Universities

University of Wisconsin at Madison
500 Lincoln Dr
4 minute drive / 1.56 miles away
Edgewood College
1000 Edgewood College Drive
5 minute drive / 1.83 miles away
Madison Area Technical College - Truax Campus
1701 Wright Street
9 minute drive / 4.28 miles away

Groceries

Whole Foods
4710 Madison Yards Way
6 minute drive / 2.97 miles away
Cub Foods
4141 Nakoosa Trl
10 minute drive / 4.87 miles away
Hy-Vee
2920 Fitchrona Rd
13 minute drive / 6.12 miles away

Hospitals

Meriter Hospital
202 S Park St
3 minute drive / 1.01 miles away
Ssm Health St. Mary's Hospital - Madison
700 South Park St
4 minute drive / 1.44 miles away
University Of Wisconsin Hospitals And Clinics Authority
600 Highland Avenue
4 minute drive / 1.48 miles away

Parks and Recreation

Lakeshore Nature Preserve
610 Walnut Street
3 minute drive / 1.3 miles away

509 N Lake St has 1 park within 1.3 miles, including Lakeshore Nature Preserve.

Shopping Centers

449 State
449 State St
1 minute drive / 0.5 miles away
Manchester Place
2 E Mifflin St
2 minute drive / 0.81 miles away
The Gateway
600 Williamson St
3 minute drive / 1.3 miles away

509 N Lake St has 5 shopping centers within 1.9 miles.

Nearby Neighborhoods

State-Langdon

Studio to 6 Bedroom Apartments from $400
View Rentals

Downtown Madison

Studio to 6 Bedroom Apartments from $400
View Rentals

Capitol

Studio to 6 Bedroom Apartments from $400
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Madison Studio Apartments $1,386$695$4,490
Madison 1 Bedroom Apartments $1,638$565$5,070
Madison 2 Bedroom Apartments $2,057$747$6,500
Madison 3 Bedroom Apartments $2,414$622$6,500
Madison 4 Bedroom Apartments $1,916$1,000$4,900
Madison 5 Bedroom Apartments $1,665$912$7,277

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Viewing: 509 N Lake St | Desktop Version | Listing Updated: 01/28/2025 | AHLSLV