Cheap Apartments for Rent in the First Settlement Neighborhood of Madison, WI from $400 (119 Rentals)

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

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Bellevue Apartments
1 Bedroom Apartments

Bellevue Apartments

29 E Wilson StMadison, WI 53703
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Laketowne Apartments
Studio to 1 Bedroom Apartments

Laketowne Apartments

622 Howard PlMadison, WI 53703
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625 on Langdon
2 to 5 Bedroom Apartments

625 on Langdon

625 Langdon StMadison, WI 53703
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529 N Pinckney St
Studio to 1 Bedroom Apartments

529 N Pinckney St

529 N Pinckney StMadison, WI 53703
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First Settlement, Madison, WI Local Guide

Cheapest Available First Settlement Apartments for Rent

 

The cheapest available apartment rental in the First Settlement 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 First Settlement 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
Courtyard Apartments, LLC.0BR/1.0BAStudio,1BA$1,040
Williamson PlaceSTUDIOStudio,1BA$1,075
402 W Wilson Street1/11BR,1BA$1,102
Valor on WashingtonTwo Bedroom2BR,1BA$1,246

Best Value Apartments for Rent in First Settlement, WI

As of April 17, 2025 the best value apartment in the First Settlement area is the $1.73 price per square foot 25 N Hancock St Model at 25 N Hancock St, Unit 25 in the in the The Isthmus neighborhood starting from $2,250. The second greatest value First Settlement 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 First Settlement apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
25 N Hancock St, Unit 2525 N Hancock St3BR,1BA$1.73
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$0.64
Valor on WashingtonTwo Bedroom2BR,1BA$1.25
510 W Main St, Unit 106510 W Main St2BR,1BA$1.83
Nichols Station ApartmentsOne Bedrooms1BR,1BA$1.70
Avenir ApartmentsOne Bed1BR,1BA$1.79
950 Jenifer St, Unit 3950 Jenifer St2BR,1BA$1.76
402 W Wilson Street1/11BR,1BA$1.31
The ShieldA41BR,1BA$1.72
1314 Williamson St, Unit Apt 21314 Williamson St1BR,1BA$1.74

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Pet Friendly Lifestyle
First Settlement, Madison, WI

Ranked #15

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.com compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across Wisconsin including First Settlement, Madison, and the greater Madison area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, places that make kids happy, raising pets, transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the First Settlement Neighborhood in Madison, WI

Walk Score®

95 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

94 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

52 / 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 Cheap First Settlement Apartments

What is a cheap apartment in First Settlement?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in First Settlement is under $1,246.

What is the price of a cheap apartment in First Settlement?

The cheapest apartment in First Settlement is The Shield which is listed at $791, while the average apartment in First Settlement costs $2,750.

What types of apartments are the cheapest in First Settlement?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 95 regular apartments in First Settlement that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in First Settlement?

Cheap apartments in First Settlement have an average cost of $827 which is $1,923 cheaper than the average rent for all rentals in First Settlement.

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.