Cheap Apartments for Rent in the Downtown Madison Neighborhood of Madison, WI from $400 (161 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Madison area of Madison.

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440-444 State St
$1,3401 Bedroom, 1 Bath RentalsAvailable Now

440-444 State St

Madison, WI 53703
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Downtown Madison, Madison, WI Local Guide

Cheapest Available Downtown Madison Apartments for Rent

 

The cheapest available apartment rental in the Downtown Madison area of Madison, WI is a 3 Beds unit found at Hub on Campus Madison priced from $730. Hellenbrand Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $777. Here are the most affordable Downtown Madison apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Hub on Campus Madison3X5D33BR,3BA$730
Hellenbrand ApartmentsStudio--111 S BassettSOLD OUT UNTIL 2025-08Studio,1BA$777
632 Howard Place632 Howard Place - 301Studio,1BA$985
Gargano Propertiesone1BR,1BA$1,000
Courtyard Apartments, LLC.0BR/1.0BAStudio,1BA$1,030
115 East GilmanVilasStudio,1BA$1,069
Williamson PlaceSTUDIOStudio,1BA$1,075
The Heights1 BED 1 BA – Income Restricted – 50%1BR,1BA$1,092
The Flats at 4021/11BR,1BA$1,102
Capital Park ApartmentsEfficiencyStudio,1BA$1,115

Best Value Apartments for Rent in Downtown Madison, WI

As of February 20, 2025 the best value apartment in the Downtown Madison area is the $1.61 price per square foot 3 BED 2 BA Model at The Heights in the in the Downtown Madison neighborhood starting from $2,195. The second greatest value Downtown Madison apartment is the Bedroom (Shared) Model at Pres House Apartments starting at $1,650 with a $1.33 price per square foot in the Downtown Madison neighborhood. Here is today’s list of the best values for Downtown Madison apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Heights3 BED 2 BA3BR,2BA$1.61
Pres House ApartmentsBedroom (Shared)4BR,2BA$1.33
Hamilton Plaza2 Bed 2 Bath2BR,2BA$1.63
8Twenty Park2 Bedroom, Market Rate2BR,2BA$1.66
Park Cedar ApartmentsTwo Bedroom, One Bath2BR,1BA$1.47
The Flats at 4022/22BR,2BA$1.53
Valor on WashingtonTwo Bedroom2BR,1BA$1.25
120 S Blair St, Unit 1120 S Blair St2BR,1BA$1.59
Gargano Propertiesone1BR,1BA$1.33
The Regent2BR Private Room - Now–May/Aug2BR,1BA$1.26

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Pet Friendly Lifestyle
Downtown Madison, Madison, WI

Ranked #6

Among neighborhoods in Madison, WI for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States, including Madison. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Downtown Madison Apartments

What is the Cheapest Studio apartment in Downtown Madison?

Currently the most affordable Cheap Studio Apartment in Downtown Madison is at Hellenbrand Apartments listed at $777.

How much is rent for a Cheap One Bedroom Downtown Madison Apartment?

The lowest price for a Cheap One Bedroom Downtown Madison Apartment is $997 at Hellenbrand Apartments.

What is the lowest price for a Cheap Two Bedroom Downtown Madison Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Madison is starting from $1,246 at Valor on Washington.

What is the most affordable Downtown Madison Three Bedroom Apartment?

The best deal on a cheap Downtown Madison Three Bedroom Apartment rental is at Hub on Campus Madison and starts from $730.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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