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509 N Lake St Apartments

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

Contact

509 N Lake St

Madison, WI 53703
(608) 471-5047
509 N Lake St in Madison, WI - Building Photo
  • 1 Bedroom Bedrooms
  • $850-$900 Pricing
  • 427–546 Square 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 $850 and having 427–546 sq ft. Here is the current pricing and availability:

    • 1 Bedroom

      One-Bed

      From $850

      1 Bed, 1 Bath, 427-546 sq ft
      Available Now

      Availability Details

      PriceAvailability DateUnitSq FtDepositPhotosView Details
      $900Available Now206546$900
      $850Available Now508427$850

      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

      • $850 - $900

      Deposit

      • $1,030 deposit

      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

      • $900

      Deposit

      • $900 deposit

      Unit Description

      MOVE IN SPECIA 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

      • $850 - $900

      Unit 508 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 508 Rent and Fees

      Unit Price

      • $850

      Deposit

      • $850 deposit

      Unit Description

      MOVE IN SPECIAL 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

      • $850 - $900
    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

    Request Tour
    Call us at: (608) 471-5047 to request a tour.

    Property Information

    • 40 Units
    • 5 Stories
    • Built in 1911

    Lease Terms

    • 12 mo

    Fees and Policies

    Ask About Our Fees

    Parking Info and Fees

    Street

    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

    On-Site Services

    • 24 Hour Access
    • Trash Pickup Curbside
    • 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

    Student Features

    • Walk To Campus
    • Private Bathroom
    Google Map

    Map

    509 N Lake St, Madison, WI 53703

    Getting Around

    • 100 / 100 Exceptionally walkable

      All day-to-day needs are within a few minutes' walk

    • 80 / 100 Strong public transit

      Near rapid transit and frequent bus lines

    • 80 / 100 Very Bikeable

      Highly suitable for bicycle commuting and/or recreation

    • 30 / 100 Somewhat car friendly

      Some arteries nearby, but traffic congestion and parking problems are likely

    Scores provided by Local Logic details

    Getting to Know the Area

    • 90 / 100 Restaurants

      Exceptional variety of restaurants within a few minutes

    • 100 / 100 Cafes

      Exceptional variety of cafés within a few minutes

    • 100 / 100 Nightlife

      Exceptional variety of bars right within a few minutes

    • 90 / 100 Shopping

      Exceptional variety of shops within a few minutes

    • 70 / 100 Parks

      Large amount of park space nearby

    • 70 / 100 Noise Level

      Few sources of noise nearby

    Scores provided by Local Logic

    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 $850. Call today for more info!

    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 59.2% cheaper than the average apartment in the Downtown Madison area, and 49.8% cheaper than the average apartment city-wide.

      Rent Comparison to the Downtown Madison Neighborhood

      FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
      1 Bedroom$850$2,083-$1,233-59.2%

      Rent Comparison to the city of Madison

      FloorplanLowest Price HereCity Average RentCost Difference%
      1 Bedroom$850$1,692-$842-49.8%

      Methodology: On 09/13/2026, ApartmentHomeLiving.com compared current rents by floorplan to 400 other apartment communities in the immediate area around 509 N Lake St (Downtown Madison), and 1049 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 09/13/2026

    • Transit Friendly 3.6

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

      See the best Madison apartments for Access to Transit
    Learn more about Lifestyle SearchExplore Lifestyle Search in Madison

    Nearby Schools

    Randall Elementary School

    Madison Metropolitan School District
    1802 Regent Street
    Public School - Grades K-5 (320 Students)
    In Attendance Zone3 minute drive / 1.1 miles away
    9/10

    West High School

    Madison Metropolitan School District
    30 Ash Street
    Public School - Grades 9-12 (2222 Students)
    In Attendance Zone4 minute drive / 1.6 miles away
    9/10
    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 University - Main Campus

    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 $782
    View Rentals

    Downtown Madison

    Studio to 6 Bedroom Apartments from $782
    View Rentals

    Capitol

    Studio to 6 Bedroom Apartments from $782
    View Rentals

    Rental Price Ranges in the Area

    BedroomAverage RentCheapest RentHighest Rent
    Madison Studio Apartments $1,462$782$3,279
    Madison 1 Bedroom Apartments $1,692$567$7,055
    Madison 2 Bedroom Apartments $2,095$668$6,895
    Madison 3 Bedroom Apartments $2,490$771$10,000+
    Madison 4 Bedroom Apartments $2,374$799$6,700
    Madison 5 Bedroom Apartments $2,930$941$8,151

    Browse Top Apartments in Madison

    Viewing: 509 N Lake St | Desktop Version | Listing Updated: 09/03/2026 | AHLSLV