509 N Lake St Apartments

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Madison, WI 53703
(608) 471-5047
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509 N Lake St

509 N Lake St
Madison, WI 53703
(608) 471-5047
509 N Lake St in Madison, WI - Building Photo
  • 1 Bedroom Bedrooms
  • $1,030–$1,175Rent Pricing
  • 427–646Square 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 427–646 sq ft. Here is the current pricing and availability:

    • 1 Bedroom

      From $1,030

      One-Bed

      1 Bed, 1 Bath, 427-546 sq ftAvailable Aug 15

      Availability Details

      PriceAvailability DateUnitSq FtDepositPhotosView Details
      $1,030 August 15, 2025304427$1,030
      $1,150 August 15, 2025402546$1,150

      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

      Price Range

      • $1,030 - $1,150

      Rent Pricing

      • $1,030 - $1,150

      Deposit

      • $1,030 deposit

      Unit 304 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 304 Rent and Fees

      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 - $1,150

      Unit 402 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 402 Rent and Fees

      Price

      • $1,150

      Deposit

      • $1,150 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 - $1,150

      $1,175

      XL one-bed

      1 Bed, 1 Bath, 646 sq ftAvailable Aug 15

      Availability Details

      PriceAvailability DateUnitSq FtDeposit
      $1,175 August 15, 2025207646$1,175

      Unit 207 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 207 Rent and Fees

      Price

      • $1,175

      Deposit

      • $1,175 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

      • $1,175
    Price shown is base rent and may not include non-optional fees and utilities. 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

    • one year

    Utilities Included

    • Trash Removal
    • Electricity
    • Sewer
    • Water
    • Gas

    Pet Policy

    Pet Policy - Cats

    • 2 Pet Limit
    • $25 Monthly Pet Rent

    No Brontosauruses Allowed

    Pet policies can vary depending on the type of pet. Find out if we accept your pets!

    Fee & Deposit Info

    Recurring Fees

    • $1 Street Fee

    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

    Parking Street

    • Street
    • Street Fee: $1 /Mo
    Google Map

    Map

    509 N Lake St, Madison, WI 53703

    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

    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

    • Affordability Nice Value3.2

      The 509 N Lake St Apartments are 50.0% cheaper than the average apartment in the Downtown Madison area, and 40.8% cheaper than the average apartment city-wide.

      Rent Comparison to the Downtown Madison Neighborhood

      FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
      1 Bedroom$1,030$2,060-$1,030-50.0%

      Rent Comparison to the city of Madison

      FloorplanLowest Price HereCity Average RentCost Difference%
      1 Bedroom$1,030$1,741-$711-40.8%

      Methodology: On 05/16/2025, ApartmentHomeLiving.com compared current rents by floorplan to 472 other apartment communities in the immediate area around 509 N Lake St (Downtown Madison), and 863 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 05/16/2025

    • 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
    1802 Regent Street
    Public School - Grades 3-5 (311 Students)
    In Attendance Zone3 minute drive / 1.2 miles away
    7/10

    Hamilton Middle

    Madison Metropolitan
    4801 Waukesha Street
    Public School - Grades 6-8 (725 Students)
    In Attendance Zone6 minute drive / 3.2 miles away
    6/10

    West High

    Madison Metropolitan
    30 Ash Street
    Public School - Grades 9-12 (2147 Students)
    In Attendance Zone4 minute drive / 1.6 miles away
    7/10

    Franklin Elementary

    Madison Metropolitan
    305 West Lakeside Street
    Public School - Grades PK-2 (297 Students)
    In Attendance Zone4 minute drive / 1.5 miles away
    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

    227 State Street
    2 minute drive / 0.68 miles away
    201 State Street
    2 minute drive / 0.7 miles away
    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

    500 Lincoln Dr
    4 minute drive / 1.56 miles away
    1000 Edgewood College Drive
    5 minute drive / 1.83 miles away
    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

    202 S Park St
    3 minute drive / 1.01 miles away
    700 South Park St
    4 minute drive / 1.44 miles away
    600 Highland Avenue
    4 minute drive / 1.48 miles away

    Parks and Recreation

    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 St
    1 minute drive / 0.5 miles away
    2 E Mifflin St
    2 minute drive / 0.81 miles away
    600 Williamson St
    3 minute drive / 1.3 miles away

    509 N Lake St has 5 shopping centers within 1.8 miles.

    Nearby Neighborhoods

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    Rental Price Ranges in the Area

    BedroomAverage RentCheapest RentHighest Rent
    Madison Studio Apartments $1,521$845$4,265
    Madison 1 Bedroom Apartments $1,741$565$4,805
    Madison 2 Bedroom Apartments $2,181$747$7,000
    Madison 3 Bedroom Apartments $2,496$730$6,420
    Madison 4 Bedroom Apartments $1,735$750$4,900
    Madison 5 Bedroom Apartments $1,733$699$7,277

    Browse Top Apartments in Madison

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    Viewing: 509 N Lake St | Desktop Version | Listing Updated: 05/16/2025 | AHLSLV