Photos
- Studio–3 Bedrooms
- $1,585-$3,500
- 377–1,449Square Feet
Rent Specials
One Month Free Rent~~One Month Free Rent: Receive one month free rent when signing a 12 month lease.
About The Penny
The Penny is “Sur Le Chemin”, on the path. This new apartment community is rooted in Madison’s Marquette Neighborhood, just off Willy Street, overlooking McPike Park and directly connected to the Capital City Bike Path. Inside The Penny you will find a welcoming lobby, comfortable gathering spaces, a beautiful library, a cozy theater, and a terrace with views of the park. Just minutes from downtown Madison, both lakes, neighborhood restaurants, cafes, music venues, galleries, and UW Madison destinations, The Penny offers a lifestyle that feels warm, vibrant, and connected. Live at The Penny and find your path. Thoughtfully designed studio, one bedroom, two bedroom, and three bedroom residences offer room to live, work, relax, and entertain. Light filled interiors, warm finishes, and refined details create homes that feel modern, calm, and comfortable. The Penny offers a thoughtfully crafted living experience in one of Madison’s most loved neighborhoods, giving you a place that simply feels like home.
The Penny is located in the Marquette Dane Neighborhood and 53703 Zip code of Madison, WI. This community is professionally managed by Urban Land Interests
Property Contact Info
Floorplan Pricing and Availability
The Penny offers Studio to 3 Bedroom apartments starting from $1,585 and having 377–1,449 sq ft. Here is the current pricing and availability:
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Studio
From $1,680
Studio, 1 Bath, 538-620 sq ftTotal Monthly PriceAvailable Aug 27Model Gallery
Floorplans
Availability Details
Prices shown for this property are the Total Monthly Price including Fees.Price Availability Date Unit Sq Ft Floorplan View Details $1,695 August 27, 2026 203 546 $1,695 August 27, 2026 205 546 $1,695 August 27, 2026 243 546 Model Amenities and Features
Features
- Air Conditioning
- Balcony
- Cable Ready
- Ceiling Fans
- Heating
- Intercom
- Smoke Free
- Storage Space
- Tenant Controlled HVAC
- Tub/Shower
- Washer/Dryer
Kitchen
- Dishwasher
- Disposal
- Island Kitchen
- Kitchen
- Microwave
- Oven
- Pantry
- Quartz Countertops
- Range
- Refrigerator
- Stainless Steel Appliances
Model Lease Information
Model Price Range
- $1,680 - $1,995
Current Available Pricing
- $1,695
Unit 203 Gallery
Floorplans
Unit 203 Lease Information
Unit Price
- $1,695
View Details and Rent EstimateModel Rent and Fees
Model Price Range
- $1,680 - $1,995
Unit 205 Gallery
Floorplans
Unit 205 Lease Information
Unit Price
- $1,695
View Details and Rent EstimateModel Rent and Fees
Model Price Range
- $1,680 - $1,995
Unit 243 Gallery
Floorplans
Unit 243 Lease Information
Unit Price
- $1,695
View Details and Rent EstimateModel Rent and Fees
Model Price Range
- $1,680 - $1,995
Apartment Model: StudioFrom $1,680Studio, 1 Bath, 538-620 sq ftAvailable August 27, 2026Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Studio - Floorplan 1 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Studio - Floorplan 2 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Studio - Floorplan 3 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Studio - Floorplan 4 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Studio - Floorplan 5 Apartment Unit: 203Apartment Model: Studio$1,695Studio, 1 Bath, 546 sq ftAvailable August 27, 2026Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Unit: 203 - Floorplan 1 Apartment Unit: 205Apartment Model: Studio$1,695Studio, 1 Bath, 546 sq ftAvailable August 27, 2026Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Unit: 205 - Floorplan 1 Apartment Unit: 243Apartment Model: Studio$1,695Studio, 1 Bath, 546 sq ftAvailable August 27, 2026Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Unit: 243 - Floorplan 1 Studio 1
From $1,585
Studio, 1 Bath, 377 sq ftTotal Monthly PriceAvailable Oct 5Model Gallery
Floorplans
Availability Details
Prices shown for this property are the Total Monthly Price including Fees.Price Availability Date Unit Sq Ft Floorplan View Details $1,595 October 5, 2026 318 377 $1,585 October 5, 2026 320 377 $1,595 October 5, 2026 322 377 Model Amenities and Features
Features
- Air Conditioning
- Balcony
- Cable Ready
- Ceiling Fans
- Heating
- Intercom
- Smoke Free
- Storage Space
- Tenant Controlled HVAC
- Tub/Shower
- Washer/Dryer
Kitchen
- Dishwasher
- Disposal
- Island Kitchen
- Kitchen
- Microwave
- Oven
- Pantry
- Quartz Countertops
- Range
- Refrigerator
- Stainless Steel Appliances
Model Lease Information
Model Price Range
- $1,585 - $1,615
Current Available Pricing
- $1,585 - $1,595
Unit 318 Gallery
Floorplans
Unit 318 Lease Information
Unit Price
- $1,595
View Details and Rent EstimateModel Rent and Fees
Model Price Range
- $1,585 - $1,615
Unit 320 Gallery
Floorplans
Unit 320 Lease Information
Unit Price
- $1,585
View Details and Rent EstimateModel Rent and Fees
Model Price Range
- $1,585 - $1,615
Unit 322 Gallery
Floorplans
Unit 322 Lease Information
Unit Price
- $1,595
View Details and Rent EstimateModel Rent and Fees
Model Price Range
- $1,585 - $1,615
Apartment Model: Studio 1From $1,585Studio, 1 Bath, 377 sq ftAvailable October 5, 2026Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Studio 1 - Floorplan 1 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Studio 1 - Floorplan 2 Apartment Unit: 318Apartment Model: Studio 1$1,595Studio, 1 Bath, 377 sq ftAvailable October 5, 2026Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Unit: 318 - Floorplan 1 Apartment Unit: 320Apartment Model: Studio 1$1,585Studio, 1 Bath, 377 sq ftAvailable October 5, 2026Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Unit: 320 - Floorplan 1 Apartment Unit: 322Apartment Model: Studio 1$1,595Studio, 1 Bath, 377 sq ftAvailable October 5, 2026Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Unit: 322 - Floorplan 1 1 Bedroom
One Bedroom
From $1,930
1 Bed, 1 Bath, 651-907 sq ftTotal Monthly PriceAvailable Aug 27Model Gallery
Floorplans
Availability Details
Prices shown for this property are the Total Monthly Price including Fees.Price Availability Date Unit Sq Ft Floorplan View Details $1,930 August 27, 2026 201 651 $2,475 August 27, 2026 207 838 $2,195 August 27, 2026 209 756 Model Amenities and Features
Features
- Air Conditioning
- Balcony
- Cable Ready
- Ceiling Fans
- Heating
- Intercom
- Smoke Free
- Storage Space
- Tenant Controlled HVAC
- Tub/Shower
- Washer/Dryer
Kitchen
- Dishwasher
- Disposal
- Island Kitchen
- Kitchen
- Microwave
- Oven
- Pantry
- Quartz Countertops
- Range
- Refrigerator
- Stainless Steel Appliances
Model Lease Information
Model Price Range
- $1,930 - $2,745
Current Available Pricing
- $1,930 - $2,475
Unit 201 Gallery
Floorplans
Unit 201 Lease Information
Unit Price
- $1,930
View Details and Rent EstimateModel Rent and Fees
Model Price Range
- $1,930 - $2,745
Unit 207 Gallery
Floorplans
Unit 207 Lease Information
Unit Price
- $2,475
View Details and Rent EstimateModel Rent and Fees
Model Price Range
- $1,930 - $2,745
Unit 209 Gallery
Floorplans
Unit 209 Lease Information
Unit Price
- $2,195
View Details and Rent EstimateModel Rent and Fees
Model Price Range
- $1,930 - $2,745
Apartment Model: One BedroomFrom $1,9301 Bedroom, 1 Bath, 651-907 sq ftAvailable August 27, 2026Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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One Bedroom - Floorplan 1 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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One Bedroom - Floorplan 2 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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One Bedroom - Floorplan 3 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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One Bedroom - Floorplan 4 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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One Bedroom - Floorplan 5 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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One Bedroom - Floorplan 6 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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One Bedroom - Floorplan 7 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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One Bedroom - Floorplan 8 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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One Bedroom - Floorplan 9 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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One Bedroom - Floorplan 10 Apartment Unit: 201Apartment Model: One Bedroom$1,9301 Bedroom, 1 Bath, 651 sq ftAvailable August 27, 2026Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Unit: 201 - Floorplan 1 Apartment Unit: 207Apartment Model: One Bedroom$2,4751 Bedroom, 1 Bath, 838 sq ftAvailable August 27, 2026Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Unit: 207 - Floorplan 1 Apartment Unit: 209Apartment Model: One Bedroom$2,1951 Bedroom, 1 Bath, 756 sq ftAvailable August 27, 2026Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Unit: 209 - Floorplan 1 2 Bedrooms
Two Bedroom
From $2,945
2 Beds, 2 Baths, 1179-1217 sq ftTotal Monthly PriceAvailable Jul 1Model Gallery
Floorplans
Availability Details
Prices shown for this property are the Total Monthly Price including Fees.Price Availability Date Unit Sq Ft Floorplan View Details $3,050 July 1, 2026 213 1179 $2,945 July 1, 2026 235 1195 $3,090 July 1, 2026 313 1179 Model Amenities and Features
Features
- Air Conditioning
- Balcony
- Cable Ready
- Ceiling Fans
- Heating
- Intercom
- Smoke Free
- Storage Space
- Tenant Controlled HVAC
- Tub/Shower
- Washer/Dryer
Kitchen
- Dishwasher
- Disposal
- Island Kitchen
- Kitchen
- Microwave
- Oven
- Pantry
- Quartz Countertops
- Range
- Refrigerator
- Stainless Steel Appliances
Model Lease Information
Model Price Range
- $2,945 - $3,240
Current Available Pricing
- $2,945 - $3,090
Unit 213 Gallery
Floorplans
Unit 213 Lease Information
Unit Price
- $3,050
View Details and Rent EstimateModel Rent and Fees
Model Price Range
- $2,945 - $3,240
Unit 235 Gallery
Floorplans
Unit 235 Lease Information
Unit Price
- $2,945
View Details and Rent EstimateModel Rent and Fees
Model Price Range
- $2,945 - $3,240
Unit 313 Gallery
Floorplans
Unit 313 Lease Information
Unit Price
- $3,090
View Details and Rent EstimateModel Rent and Fees
Model Price Range
- $2,945 - $3,240
Apartment Model: Two BedroomFrom $2,9452 Bedroom, 2 Bath, 1179-1217 sq ftAvailable July 1, 2026Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Two Bedroom - Floorplan 1 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Two Bedroom - Floorplan 2 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Two Bedroom - Floorplan 3 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Two Bedroom - Floorplan 4 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Two Bedroom - Floorplan 5 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Two Bedroom - Floorplan 6 Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Two Bedroom - Floorplan 7 Apartment Unit: 213Apartment Model: Two Bedroom$3,0502 Bedroom, 2 Bath, 1179 sq ftAvailable July 1, 2026Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Unit: 213 - Floorplan 1 Apartment Unit: 235Apartment Model: Two Bedroom$2,9452 Bedroom, 2 Bath, 1195 sq ftAvailable July 1, 2026Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Unit: 235 - Floorplan 1 Apartment Unit: 313Apartment Model: Two Bedroom$3,0902 Bedroom, 2 Bath, 1179 sq ftAvailable July 1, 2026Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Unit: 313 - Floorplan 1 3 Bedrooms
Three Bedroom
$3,500
3 Beds, 2 Baths, 1449 sq ftTotal Monthly PriceAvailable Sep 1Model Gallery
Floorplans
Availability Details
Prices shown for this property are the Total Monthly Price including Fees.Price Availability Date Unit Sq Ft Floorplan View Details $3,500 September 1, 2026 239 1449 $3,500 September 1, 2026 339 1449 Model Amenities and Features
Features
- Air Conditioning
- Balcony
- Cable Ready
- Ceiling Fans
- Heating
- Intercom
- Smoke Free
- Storage Space
- Tenant Controlled HVAC
- Tub/Shower
- Washer/Dryer
Kitchen
- Dishwasher
- Disposal
- Island Kitchen
- Kitchen
- Microwave
- Oven
- Pantry
- Quartz Countertops
- Range
- Refrigerator
- Stainless Steel Appliances
Model Lease Information
Model Price
- $3,500
Unit 239 Gallery
Floorplans
Unit 239 Lease Information
Unit Price
- $3,500
View Details and Rent EstimateModel Rent and Fees
Price
- $3,500
Unit 339 Gallery
Floorplans
Unit 339 Lease Information
Unit Price
- $3,500
View Details and Rent EstimateModel Rent and Fees
Price
- $3,500
Apartment Model: Three BedroomFrom $3,5003 Bedroom, 2 Bath, 1449 sq ftAvailable September 1, 2026Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Three Bedroom - Floorplan 1 Apartment Unit: 239Apartment Model: Three Bedroom$3,5003 Bedroom, 2 Bath, 1449 sq ftAvailable September 1, 2026Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Unit: 239 - Floorplan 1 Apartment Unit: 339Apartment Model: Three Bedroom$3,5003 Bedroom, 2 Bath, 1449 sq ftAvailable September 1, 2026Floor plans are artist's rendering. All dimensions are approximate. Actual product and specifications may vary in dimension or detail. Not all features are available in every rental home. Please see a representative for details.
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Unit: 339 - Floorplan 1
Schedule a Tour
Property Information
- 124 Units
- 6 Stories
- Built in 2026
Fees and Policies
The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified. Use the Cost Calculator to determine costs based on your needs.
Required Fees
One-Time Basics
- Due at Application
- Application Fee Per ApplicantiCharged per unit.$25
Other Fees and Policies
Pet Fees
- Monthly Pet FeeiMax of 2. Charged Per Pet.$25/mo
- Pet FeeiMax of 2. Charged Per Pet.$50
- Monthly Pet FeeiMax of 2. Charged Per Unit.$50/mo
Cat
Veterinary verification required. Must be spayed/neutered and up to date on all vaccines. We recommend that cats with front claws wear Soft Paws claw caps. Maximum 2 pets per apartment.
Dog
Veterinary verification required. Must be spayed/neutered and up to date on all vaccines. Dogs, 6 months of age or older, must be spayed or neutered and current on rabies. Breed restrictions apply. Maximum 1 dog per 1 bedroom, 2 pets per apartment.
Max of 2. Dogs 6 months and under - Non-refundable $150 fee + $50/month per dog *Proof of spayed or neutered required once 6 months old in order to remain approved at the community they are residing in. Please visit our website for full pet policy.
Parking Fees
- Parking FeeiCharged Per Vehicle.$250/mo
- Parking FeeiCharged per vehicle.$175/mo
Electric Vehicle Parking
EV Reserved Parking.
Garage
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
- Dog wash
- Library
- Lounge
- Terrace
- Theater
On-Site Services
- Pet Washing Station
- Car Charging Station
- 24 Hour Access
- Key Fob Entry
- Laundry Facilities
Community Features
- Lounge
- Elevator
Outdoor Features
- Controlled Access
- Patio
Recreation and Fitness
- Fitness Center
- Media Center/Movie Theatre
- Walking/Biking Trails
Interior Features
- Balcony
- Tenant Controlled Hvac
- Storage Space
- Tub/Shower
- Heating
- Ceiling Fans
- Intercom
- Cable Ready
- Washer/Dryer
- Air Conditioning
- Smoke Free
Kitchen Amenities
- Disposal
- Stainless Steel Appliances
- Dishwasher
- Microwave
- Island Kitchen
- Range
- Refrigerator
- Oven
- Pantry
- Kitchen
- Quartz Countertops
Living Area Features
- Large Bedrooms
- Linen Closet
- Vinyl Flooring
- Double Pane Windows
- Dining Room
Map
- Shopping
- Colleges
- Grocery
- Medical
- Parks
Map
Hours and Contact Info
| Monday | By Appointment |
| Tuesday | By Appointment |
| Wednesday | By Appointment |
| Thursday | By Appointment |
| Friday | By Appointment |
| Saturday | Closed |
| Sunday | Closed |
Frequently Asked Questions about The Penny
Where is The Penny located?
The Penny is located at 320 S Brearly St near the Marquette Dane area of Madison, WI
What is the current rent range at The Penny?
Studio to 3 Bedroom Apartments at The Penny currently range from $1,585 to $3,500
When is the leasing office open?
- The office Hours for The Penny are
- Monday By Appointment
- Tuesday By Appointment
- Wednesday By Appointment
- Thursday By Appointment
- Friday By Appointment
- Saturday Closed
- Sunday Closed
Are pets allowed?
Call us today to find out our pet policy and if we allow pets
Are there any rent specials?
The current rent special at The Penny is: One Month Free Rent~~One Month Free Rent: Receive one month free rent when signing a 12 month lease..
Renters Reviews and Ratings
Nearby Schools
Marquette Elementary
East High
O'Keeffe Middle
Lapham Elementary
About GreatSchools Data on ApartmentHomeLiving.com.
Points of Interest
Time and distance from The Penny.
Arts Museums and Landmarks
Big Box and Retail
Walgreens
Kohl's
Menards
Colleges and Universities
Groceries
Cub Foods
Whole Foods
Hy-Vee
Hospitals
Meriter Hospital
Ssm Health St. Mary's Hospital - Madison
University Of Wisconsin Hospitals And Clinics Authority
Parks and Recreation
The Penny has 1 park within 2.8 miles, including Lakeshore Nature Preserve.
Shopping Centers
The Penny has 5 shopping centers within 1.2 miles.
Nearby Neighborhoods
Rental Price Ranges in the Area
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison Studio Apartments | $1,516 | $800 | $4,585 |
| Madison 1 Bedroom Apartments | $1,753 | $641 | $4,735 |
| Madison 2 Bedroom Apartments | $2,149 | $763 | $10,000+ |
| Madison 3 Bedroom Apartments | $2,481 | $675 | $10,000+ |
| Madison 4 Bedroom Apartments | $2,303 | $650 | $6,700 |
| Madison 5 Bedroom Apartments | $2,178 | $1,293 | $8,150 |
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Max of 2. Please visit our website for full pet policy.