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
  • $1,030Pricing
  • 546Square 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 having 546 sqft. Here is the current pricing and availability:

    • 1 Bedroom

      One-Bed

      1 Bed, 1 Bath, 546 sq ft
       

      Availability Details

      PriceAvailability DateUnitSq FtDeposit
      $1,030Call for AvailabilityOne-Bed546 sq ft$950

      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

      • $1,030

      Deposit

      • $950 deposit
    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

    • 12 mo

    Fees and Policies

    Pet Policy and Fees

    Cats

    • 2 Pet Limit
    • $25 Monthly Pet Rent

    Parking Info and Fees

    Street
  • $1/Mo
  • 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
    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?

    Call us today for rates on the 1 Bedroom option at 509 N Lake St

    Are pets allowed?

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

    Lifestyle Ratings

    • Affordability Great Value3.8

      The 509 N Lake St Apartments are 50.8% cheaper than the average apartment in the Downtown Madison area, and 39.9% 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$2,093-$1,063-50.8%

      Rent Comparison to the city of Madison

      FloorplanLowest Price HereCity Average RentCost Difference%
      1 Bedroom$1,030$1,714-$684-39.9%

      Methodology: On 09/09/2025, ApartmentHomeLiving.com compared current rents by floorplan to 557 other apartment communities in the immediate area around 509 N Lake St (Downtown Madison), and 963 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 09/09/2025

    • 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 / 1.1 miles away
    9/10

    Hamilton Middle

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

    West High

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

    Franklin Elementary

    Madison Metropolitan
    305 West Lakeside Street
    Public School - Grades PK-2 (297 Students)
    In Attendance Zone4 minute drive / 1.4 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

    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

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    Rental Price Ranges in the Area

    BedroomAverage RentCheapest RentHighest Rent
    Madison Studio Apartments $1,443$775$4,235
    Madison 1 Bedroom Apartments $1,714$641$4,385
    Madison 2 Bedroom Apartments $2,090$750$6,360
    Madison 3 Bedroom Apartments $2,425$839$6,445
    Madison 4 Bedroom Apartments $2,028$750$5,750
    Madison 5 Bedroom Apartments $2,605$799$7,277
    Madison 6 Bedroom Apartments $6,163$5,395$7,995
    Madison 7 Bedroom Apartments $6,733$6,065$8,295

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    Viewing: 509 N Lake St | Desktop Version | Listing Updated: 09/09/2025 | AHLSLV