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- 1 Bedroom Bedrooms
- $1,030-$1,200Pricing
- 546–700Square 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

Floorplan Pricing and Availability
509 N Lake St offers 1 Bedroom apartments starting from $1,030 and having 546–700 sq ft. Here is the current pricing and availability:
New! Interactive Property Map
- 1 Bedroom- One-Bed- $1,0301 Bed, 1 Bath, 546 sq ftAvailable August 15, 2026- Model Gallery- Photos- Availability Details- Price - Availability Date - Unit - Sq Ft - Deposit - $1,030 - August 15, 2026 - 509 - 546 - $1,030 - 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
 - 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- Price- $1,030
 Apartment Model: One-Bed$1,0301 Bedroom, 1 Bath, 546 sq ftAvailable August 15, 2026![]() - One-Bed - Image 1 ![]() - One-Bed - Image 2 ![]() - One-Bed - Image 3 ![]() - One-Bed - Image 4 ![]() - One-Bed - Image 5 ![]() - One-Bed - Image 6 ![]() - One-Bed - Image 7 ![]() - One-Bed - Image 8 Apartment Unit: 509Apartment Model: One-Bed$1,0301 Bedroom, 1 Bath, 546 sq ftAvailable August 15, 2026- XL one-bed- $1,2001 Bed, 1 Bath, 700 sq ftAvailable August 15, 2026- Model Gallery- Photos- Availability Details- Price - Availability Date - Unit - Sq Ft - Deposit - $1,200 - August 15, 2026 - 210 - 700 - $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
 - 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
 Apartment Model: XL one-bed$1,2001 Bedroom, 1 Bath, 700 sq ftAvailable August 15, 2026![]() - XL one-bed - Image 1 ![]() - XL one-bed - Image 2 ![]() - XL one-bed - Image 3 ![]() - XL one-bed - Image 4 Apartment Unit: 210Apartment Model: XL one-bed$1,2001 Bedroom, 1 Bath, 700 sq ftAvailable August 15, 2026
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Property Information
- 10 Units
- 5 Stories
- Built in 1911
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Lease Terms
- 12 mo
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

Map
- Shopping
- Colleges
- Grocery
- Medical
- Parks

Map
Getting Around
Walk Score®
91 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
91 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
57 / 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 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?
1 Bedrooms at 509 N Lake St currently start from $1,030. Call today for more info!
Are pets allowed?
Call us today to find out our pet policy and if we allow pets
Lifestyle Ratings
Learn more about Lifestyle SearchRenters Reviews and Ratings
Nearby Schools
Randall Elementary
Hamilton Middle
West High
Franklin Elementary
About GreatSchools Data on ApartmentHomeLiving.com.
Points of Interest
Time and distance from 509 N Lake St.
Arts Museums and Landmarks
Big Box and Retail
Kohl's
Walgreens
Menards
Colleges and Universities
Groceries
Whole Foods
Cub Foods
Hy-Vee
Hospitals
University Of Wisconsin Hospitals And Clinics Authority
Parks and Recreation
509 N Lake St has 1 park within 1.3 miles, including Lakeshore Nature Preserve.
Shopping Centers
509 N Lake St has 5 shopping centers within 1.9 miles.
Nearby Neighborhoods
Rental Price Ranges in the Area
| Bedroom | Average Rent | Cheapest Rent | Highest Rent | 
|---|---|---|---|
| Madison Studio Apartments | $1,466 | $775 | $3,995 | 
| Madison 1 Bedroom Apartments | $1,715 | $641 | $4,470 | 
| Madison 2 Bedroom Apartments | $2,117 | $750 | $7,000 | 
| Madison 3 Bedroom Apartments | $2,614 | $839 | $6,450 | 
| Madison 4 Bedroom Apartments | $2,585 | $1,080 | $6,700 | 
| Madison 5 Bedroom Apartments | $2,324 | $799 | $8,150 | 
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