125 E Gorham St
MadisonWI53703
Cheap Homes for Rent in Downtown Madison Neighborhood of Madison, WI from $900 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Madison area of Madison.
1975 E Washington Ave
MadisonWI53704
Madison's Best Affordable Neighborhoods
Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer
109 N Hancock St
MadisonWI53703
934 High St
MadisonWI53715
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
933 Spaight St
MadisonWI53703
524 E Main St
MadisonWI53703
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
114 S Blair St
MadisonWI53703
622 Cedar St
MadisonWI53715
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.
1525 Gilson St
MadisonWI53715
219 S Bedford St
MadisonWI53703
930 Emerald St
MadisonWI53715
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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 | $2,482 | $1,795 | $3,335 |
| Downtown Madison 3 Bedroom Homes for Rent | $2,539 | $1,850 | $3,400 |
| Downtown Madison 4 Bedroom Homes for Rent | $3,030 | $2,650 | $3,575 |
| Downtown Madison 5 Bedroom Homes for Rent | $3,238 | $2,950 | $3,610 |
| Downtown Madison 6 Bedroom Homes for Rent | $3,700 | $3,700 | $3,700 |
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Downtown Madison Neighborhood of Madison, WI.
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Downtown Madison, Madison, WI Local Guide
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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 | A2 | 1BR,1BA | $842 |
| 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 May 14, 2025 the best value apartment in the Downtown Madison area is the $1.04 price per square foot 3 Bed, 2 Bath Model at Waterfront in the in the The Isthmus neighborhood starting from $1,450. The second greatest value Downtown Madison apartment is the 832 Jenifer St Model at 832 Jenifer St, Unit 1 starting at $2,100 with a $1.62 price per square foot in the The Isthmus 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. |
|---|---|---|---|
| Waterfront | 3 Bed, 2 Bath | 3BR,2BA | $1.04 |
| 832 Jenifer St, Unit 1 | 832 Jenifer St | 2BR,1BA | $1.62 |
| 8Twenty Park | 2 Bedroom, Market Rate | 2BR,2BA | $1.66 |
| 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 | $1.63 |
| Rivers Edge Apartments | Palm | 2BR,2BA | $1.59 |
| Nichols Station Apartments | One Bedrooms | 1BR,1BA | $1.70 |
| 402 W Wilson Street | 1/1 | 1BR,1BA | $1.36 |
| Gargano Properties | one | 1BR,1BA | $1.33 |
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Frequently Asked Questions about Downtown Madison
What type of rentals are currently available in Downtown Madison?
There are currently 635 Apartments for Rent in Downtown Madison, WI with pricing that ranges from $565 to $7,277. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Madison ranging from $950 to $3,700.
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 $3,700 with an average monthly rent of $2,524.
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 $699 to $6,395, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $3,400. Four Bedroom Single-Family rentals are also available starting from $2,650 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.
Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Madison
Written by: Mike Heuer
I’m Mike, your ApartmentHomeLiving.com local expert for Madison, Wisconsin. I lived and worked in Madison for several years before career opportunities took me elsewhere.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.