
Cheap Homes for Rent in Downtown Madison Neighborhood of Madison, WI from $900 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Madison area of Madison.


412 S Brearly St

1023 S Park St

109 N Hancock St

934 High St

20 Sherman Ter, Unit 3

315 S Paterson St

828-830 E Johnson St

524 E Main St

114 S Blair St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

109 E Gorham St

1525 Gilson St

219 S Bedford St

930 Emerald St
Downtown Madison, Madison, WI Local Guide

How much does it cost to rent a home in Downtown Madison?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Madison 2 Bedroom Homes for Rent | $2,236 | $1,595 | $2,800 |
Downtown Madison 3 Bedroom Homes for Rent | $2,538 | $1,940 | $3,600 |
Downtown Madison 4 Bedroom Homes for Rent | $2,842 | $2,400 | $3,575 |
Downtown Madison 5 Bedroom Homes for Rent | $3,334 | $3,000 | $3,700 |
Downtown Madison 6 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Browse Homes for Rent in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the Downtown Madison Neighborhood of Madison, WI.
Explore Madison
Downtown Madison, Madison, WI Local Guide
- Nearby Madison neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. Pres House Apartments has the second lowest priced unit, which is a 4 Beds apartment currently listed from $750. Here are the most affordable Downtown Madison apartments for rent in Madison, WI:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Hub on Campus Madison | 3X5D3 | 3BR,3BA | $730 |
Pres House Apartments | Bedroom A,B,C,D (Individual) | 4BR,2BA | $750 |
The Shield | A1 | 1BR,1BA | $791 |
Hellenbrand Apartments | Studio--111 S Bassett | Studio,1BA | $850 |
Capital Park Apartments | Efficiency | Studio,1BA | $999 |
Best Value Apartments for Rent in Downtown Madison, WI
As of April 17, 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 A,B,C,D (Individual) Model at Pres House Apartments starting at $750 with a $0.64 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Heights | 3 BED 2 BA | 3BR,2BA | $1.61 |
Pres House Apartments | Bedroom A,B,C,D (Individual) | 4BR,2BA | $0.64 |
Park Cedar Apartments | Two Bedroom, One Bath | 2BR,1BA | $1.47 |
1827 E Washington Ave, Unit 470 | 1827 E Washington Ave | 2BR,2BA | $1.70 |
8Twenty Park | 2 BR 2 BA Income Restricted | 2BR,2BA | $1.49 |
The Emerson | 1BR/1.0BA | 1BR,1BA | $1.73 |
Valor on Washington | Two Bedroom | 2BR,1BA | $1.25 |
Nichols Station Apartments | One Bedrooms | 1BR,1BA | $1.70 |
402 W Wilson Street | 1/1 | 1BR,1BA | $1.31 |
The Shield | A4 | 1BR,1BA | $1.72 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Frequently Asked Questions about Downtown Madison
What type of rentals are currently available in Downtown Madison?
There are currently 646 Apartments for Rent in Downtown Madison, WI with pricing that ranges from $699 to $8,220. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Madison ranging from $950 to $4,500.
What is the current price range for Rental Homes in Downtown Madison?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Madison ranges from $950 to $4,500 with an average monthly rent of $2,584.
How much are larger Three and Four Bedroom Rentals in Downtown Madison?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Madison range from $730 to $6,395, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,940 to $3,600. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $750.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.