Cheap Homes for Rent in Downtown Madison Neighborhood of Madison, WI from $900 (14 Rentals)

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

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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. 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 ListingModel NameBed/BathPriced From
Hub on Campus Madison3X5D33BR,3BA$730
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$750
The ShieldA11BR,1BA$791
Hellenbrand ApartmentsStudio--111 S BassettStudio,1BA$850
Capital Park ApartmentsEfficiencyStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Heights3 BED 2 BA3BR,2BA$1.61
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$0.64
Park Cedar ApartmentsTwo Bedroom, One Bath2BR,1BA$1.47
1827 E Washington Ave, Unit 4701827 E Washington Ave2BR,2BA$1.70
8Twenty Park2 BR 2 BA Income Restricted2BR,2BA$1.49
The Emerson1BR/1.0BA1BR,1BA$1.73
Valor on WashingtonTwo Bedroom2BR,1BA$1.25
Nichols Station ApartmentsOne Bedrooms1BR,1BA$1.70
402 W Wilson Street1/11BR,1BA$1.31
The ShieldA41BR,1BA$1.72

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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.

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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.

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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.

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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.

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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.