509 N Lake St Apartments

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(608) 471-5047
Check Availability
Madison, WI 53703

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509 N Lake St in Madison, WI - Building Photo
Building Photo
509 N Lake St in Madison, WI - Building Photo - Building Photo
Building Photo
509 N Lake St in Madison, WI - Building Photo - Building Photo
Building Photo
509 N Lake St in Madison, WI - Building Photo - Building Photo
Building Photo
509 N Lake St in Madison, WI - Building Photo - Building Photo
Building Photo
Building Photo
Building Photo
Building Photo
Building Photo
Building Photo
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Building Photo

Contact

509 N Lake St

Madison, WI 53703
(608) 471-5047
509 N Lake St in Madison, WI - Building Photo
  • Studio–1 Bedrooms
  • $950-$1,200Pricing
  • 305–700Square Feet

About 509 N Lake St

This downtown apartment building is located above Walgreens on State Street. The apartments are close to the UW Campus, Law & Business Schools and Memorial Union and a short bus ride from the Medical School and UW Hospitals and clinics. State Street is one block from Lake Mendota with access to swimming, sailing and recreational paths for biking and jogging. Shopping, laundry, restaurants, post office, banks, churches and other activities are a short walk away. All utilities included with 24-hour maintenance service.

509 N Lake St is located in the Downtown Madison Neighborhood and 53703 Zip code of Madison, WI. This community is professionally managed by Opitz Management

Property Contact Info

Ask About Our Move-In Specials

Floorplan Pricing and Availability

509 N Lake St offers Studio to 1 Bedroom apartments starting from $950 and having 305–700 sq ft. Here is the current pricing and availability:

Cost CalculatorEstimate your monthly and one-time fees

  • Studio

    Studio

    $950

    Studio, 1 Bath, 305 sq ft
    Available Aug 15

    Model Gallery

    Photos

    Availability Details

    PriceAvailability DateUnitSq FtDeposit
    $950 August 15, 2026204305$950

    Unit 204 Amenities and Features

    Features

    • Cable Ready
    • Heating
    • High Speed Internet Access
    • Tub/Shower

    Kitchen

    • Gas Range
    • Kitchen
    • Oven
    • Refrigerator

    Living Space

    • Hardwood Floors
    • Views

    Unique Features

    • Coin Operated Laundry Room On 5th Floor

    Unit 204 Rent and Fees

    Unit Price

    • $950
      • View Details and Rent Estimate

    Deposit

    • $950 deposit

    Unit Description

    This downtown apartment building is located above Walgreens on State Street. Coin opearted laundry on 5th floor. The apartments are close to the UW Campus, Law & Business Schools and Memorial Union and a short bus ride from the Medical School and UW Hospitals and clinics. State Street is one block from Lake Mendota with access to swimming, sailing and recreational paths for biking and jogging.

    Model Rent and Fees

    Price

    • $950

  • 1 Bedroom

    One-Bed

    From $1,030

    1 Bed, 1 Bath, 427-546 sq ft
    Available Aug 15

    Model Gallery

    Photos

    Availability Details

    PriceAvailability DateUnitSq FtDepositPhotosView Details
    $1,175 August 15, 2026206546$1,175
    $1,030 August 15, 2026509427$1,030

    Model Amenities and Features

    Features

    • Cable Ready
    • Ceiling Fans
    • Heating
    • High Speed Internet Access
    • Tub/Shower

    Kitchen

    • Freezer
    • Gas Range
    • Kitchen
    • Oven
    • Range

    Living Space

    • Hardwood Floors
    • Views
    • Window Coverings

    Unique Features

    • Coin Operated Laundry Room On 5th Floor

    Model Rent and Fees

    Model Price Range

    • $1,030 - $1,175

    Deposit

    • $1,030 deposit

    Unit 206 Gallery

    Photos

    Unit 206 Amenities and Features

    Features

    • Cable Ready
    • Ceiling Fans
    • Heating
    • High Speed Internet Access
    • Tub/Shower

    Kitchen

    • Freezer
    • Gas Range
    • Kitchen
    • Oven
    • Range

    Living Space

    • Hardwood Floors
    • Views
    • Window Coverings

    Unique Features

    • Coin Operated Laundry Room On 5th Floor

    Unit 206 Rent and Fees

    Unit Price

    • $1,175
      • View Details and Rent Estimate

    Deposit

    • $1,175 deposit

    Unit Description

    This downtown apartment building is located above Walgreens on State Street. Coin opearted laundry on 5th floor. The apartments are close to the UW Campus, Law & Business Schools and Memorial Union and a short bus ride from the Medical School and UW Hospitals and clinics. State Street is one block from Lake Mendota with access to swimming, sailing and recreational paths for biking and jogging.

    Model Rent and Fees

    Model Price Range

    • $1,030 - $1,175

    Unit 509 Amenities and Features

    Features

    • Cable Ready
    • Ceiling Fans
    • Heating
    • High Speed Internet Access
    • Tub/Shower

    Kitchen

    • Freezer
    • Gas Range
    • Kitchen
    • Oven
    • Range

    Living Space

    • Hardwood Floors
    • Views
    • Window Coverings

    Unique Features

    • Coin Operated Laundry Room On 5th Floor

    Unit 509 Rent and Fees

    Unit Price

    • $1,030
      • View Details and Rent Estimate

    Deposit

    • $1,030 deposit

    Unit Description

    This downtown apartment building is located above Walgreens on State Street. Coin opearted laundry on 5th floor. The apartments are close to the UW Campus, Law & Business Schools and Memorial Union and a short bus ride from the Medical School and UW Hospitals and clinics. State Street is one block from Lake Mendota with access to swimming, sailing and recreational paths for biking and jogging.

    Model Rent and Fees

    Model Price Range

    • $1,030 - $1,175

    XL one-bed

    $1,200

    1 Bed, 1 Bath, 700 sq ft
    Available Aug 15

    Model Gallery

    Photos

    Availability Details

    PriceAvailability DateUnitSq FtDeposit
    $1,200 August 15, 2026210700$1,200

    Unit 210 Amenities and Features

    Features

    • Cable Ready
    • Ceiling Fans
    • Heating
    • High Speed Internet Access

    Kitchen

    • Freezer
    • Gas Range
    • Kitchen
    • Oven
    • Range

    Living Space

    • Hardwood Floors
    • Views
    • Window Coverings

    Unique Features

    • Coin Operated Laundry Room On 5th Floor

    Unit 210 Rent and Fees

    Unit Price

    • $1,200
      • View Details and Rent Estimate

    Deposit

    • $1,200 deposit

    Unit Description

    We have a few units that are two bedrooms with an extra bedroom off the kitchen and beautiful hardwood floors. Coin opearted laundry on 5th floor.

    Model Rent and Fees

    Price

    • $1,200
Price shown is base rent. Excludes user-selected optional fees and variable or usage-based fees and required charges due at or prior to move-in or at move-out. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Schedule a Tour

Schedule a Tour
Call us at: (608) 471-5047 to schedule a tour.

Property Information

  • 10 Units
  • 5 Stories
  • Built in 1911

Lease Terms

  • 12 mo
Ask About Our Lease Terms

Fees and Policies

Parking Info and Fees

Street
  • $1/Mo

Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.

Features and Amenities

Unique Amenities

  • Coin Operated Laundry Room On 5th Floor
  • Laundry Room

On-Site Services

  • 24 Hour Access
  • Laundry Facilities

Community Features

  • Elevator

Recreation and Fitness

  • Walking/Biking Trails

Interior Features

  • Heating
  • Ceiling Fans
  • High Speed Internet Access
  • Tub/Shower
  • Cable Ready

Kitchen Amenities

  • Gas Range
  • Freezer
  • Kitchen
  • Range
  • Refrigerator
  • Oven

Living Area Features

  • Views
  • Office
  • Window Coverings
  • Hardwood Floors
Ask About Our Amenities
Google Map

Map

509 N Lake St, Madison, WI 53703

Frequently Asked Questions about 509 N Lake St

Where is 509 N Lake St located?

509 N Lake St is located at 509 N Lake St near the Downtown Madison area of Madison, WI

What is the current rent range at 509 N Lake St?

Studio to 1 Bedroom Apartments at 509 N Lake St currently range from $950 to $1,200

Are pets allowed?

Call us today to find out our pet policy and if we allow pets

Lifestyle Ratings

  • Affordability Nice Value3.4

    The 509 N Lake St Apartments are 46.65% cheaper than the average apartment in the Downtown Madison area, and 39.2% cheaper than the average apartment city-wide.

    Rent Comparison to the Downtown Madison Neighborhood

    FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
    Studio$950$1,661-$711-42.8%
    1 Bedroom$1,030$2,081-$1,051-50.5%

    Rent Comparison to the city of Madison

    FloorplanLowest Price HereCity Average RentCost Difference%
    Studio$950$1,516-$566-37.3%
    1 Bedroom$1,030$1,750-$720-41.1%

    Methodology: On 03/15/2026, ApartmentHomeLiving.com compared current rents by floorplan to 1049 other apartment communities in the immediate area around 509 N Lake St (Downtown Madison), and 1574 other apartment communities in Madison using today’s up-to-date pricing using the sum/count averaging formula. This data will be updated in real-time as prices fluctuate.

    Rent Pricing Data as of 03/15/2026

  • Transit Friendly 3.6

    Transit Friendly apartments feature a fantastic location and great access to local mass transit.

Learn more about Lifestyle Search

Renters Reviews and Ratings

4.0
0 Renters Reviews
ⓘ How is this Rating Determined?The property ratings on ApartmentHomeLiving.com are created using a 5-star scale that includes average renter review scores combined with building ratings to determine an overall blended property score.

Building ratings are based on a community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.

Nearby Schools

Randall Elementary

Madison Metropolitan School District
1802 Regent Street
Public School - Grades K-5 (0 Students)
In Attendance Zone3 minute drive / 1.1 miles away
9/10

Hamilton Middle

Madison Metropolitan School District
4801 Waukesha Street
Public School - Grades 6-8 (0 Students)
In Attendance Zone6 minute drive / 3.2 miles away
8/10

West High

Madison Metropolitan School District
30 Ash Street
Public School - Grades 9-12 (0 Students)
In Attendance Zone4 minute drive / 1.6 miles away
9/10

Franklin Elementary

Madison Metropolitan School District
305 West Lakeside Street
Public School - Grades PK-5 (0 Students)
In Attendance Zone4 minute drive / 1.4 miles away
Contact Us About Nearby Schools
School data provided by GreatSchools.
details
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on scale of 1 (below average) and to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider needs as part of the school selection process.

About GreatSchools Data on ApartmentHomeLiving.com.

Points of Interest

Time and distance from 509 N Lake St.

Arts Museums and Landmarks

Madison Museum of Contemporary Art

227 State Street
2 minute drive / 0.68 miles away

Overture Center for the Arts

201 State Street
2 minute drive / 0.7 miles away

Wisconsin Capitol Building

2 East Main Street
2 minute drive / 0.95 miles away

Big Box and Retail

Kohl's

2501 W Broadway
7 minute drive / 3.43 miles away

Walgreens

108 Cottage Grove Rd
8 minute drive / 3.82 miles away

Menards

6401 Copps Ave
10 minute drive / 4.9 miles away

Colleges and Universities

University of Wisconsin at Madison

500 Lincoln Dr
4 minute drive / 1.56 miles away

Edgewood College

1000 Edgewood College Drive
5 minute drive / 1.83 miles away

Madison Area Technical College - Truax Campus

1701 Wright Street
9 minute drive / 4.28 miles away

Groceries

Whole Foods

4710 Madison Yards Way
6 minute drive / 2.97 miles away

Cub Foods

4141 Nakoosa Trl
10 minute drive / 4.87 miles away

Hy-Vee

2920 Fitchrona Rd
13 minute drive / 6.12 miles away

Hospitals

Meriter Hospital

202 S Park St
3 minute drive / 1.01 miles away

Ssm Health St. Mary's Hospital - Madison

700 South Park St
4 minute drive / 1.44 miles away

University Of Wisconsin Hospitals And Clinics Authority

600 Highland Avenue
4 minute drive / 1.48 miles away

Parks and Recreation

Lakeshore Nature Preserve

610 Walnut Street
3 minute drive / 1.3 miles away

509 N Lake St has 1 park within 1.3 miles, including Lakeshore Nature Preserve.

Shopping Centers

449 State

449 State St
1 minute drive / 0.5 miles away

Manchester Place

2 E Mifflin St
2 minute drive / 0.81 miles away

The Gateway

600 Williamson St
3 minute drive / 1.3 miles away

509 N Lake St has 5 shopping centers within 1.9 miles.

Nearby Neighborhoods

State-Langdon

Studio to 6 Bedroom Apartments from $650
View Rentals

Downtown Madison

Studio to 6 Bedroom Apartments from $650
View Rentals

Capitol

Studio to 5 Bedroom Apartments from $650
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Madison Studio Apartments $1,516$800$4,575
Madison 1 Bedroom Apartments $1,750$641$4,725
Madison 2 Bedroom Apartments $2,144$763$10,000+
Madison 3 Bedroom Apartments $2,472$675$10,000+
Madison 4 Bedroom Apartments $2,311$650$6,700
Madison 5 Bedroom Apartments $2,178$1,293$8,150

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Viewing: 509 N Lake St | Desktop Version | Listing Updated: 01/29/2026 | AHLSLV