
Cheap Apartments for Rent in the Capitol Neighborhood of Madison, WI from $400 (192 Rentals)
Search the lowest-cost Apartments available for rent right now in the Capitol area of Madison.


The Shield

1301 Spring St

218 S Bassett St

New Langdon

106 S Hancock St

Total Monthly Price
632 Howard Place

Metropolitan Apartments

519 State St

509 N Lake St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

454 W Dayton St

Cardinal Apartments

Gargano Properties

421 W Gilman St

Tuscan Place

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636 State St

Mendota Lakeshore Apartments

Total Monthly Price
Vicino Madison

Courtyard Apartments

City Row
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Langdon Hall Apartments

518 W Main St

Total Monthly Price
315 N Blair St

Theory Madison

Total Monthly Price
Capital Park Apartments

Bassett Walk

Williamson Place

402 W Wilson Street

Total Monthly Price
137 E Gorham St

Total Monthly Price
Parkview Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Total Monthly Price
140 W. Gorham

Total Monthly Price
451 W Mifflin St, Unit 3

22 N Hancock St

Total Monthly Price
528 State St

Total Monthly Price
121 N Hancock St

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129 E Gorham St

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17 N Bassett St

127 E Johnson St

427-431 W Doty

College Station
Madison's Best Affordable Neighborhoods
Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer

Waterfront Apartments

414 State St

450 W Doty St

514 E Johnson St, Unit 2

Butler Plaza

202-204 N Pinckney St

Capitol Centre Court Apartments

402 W Dayton St

Inez Apartments

NoVo
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Capitol, Madison, WI Local Guide

How much does it cost to rent an apartment in Capitol?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Capitol Studio Apartments | $1,705 | $845 | $3,030 |
| Capitol 1 Bedroom Apartments | $2,120 | $799 | $4,290 |
| Capitol 2 Bedroom Apartments | $2,706 | $855 | $5,330 |
| Capitol 3 Bedroom Apartments | $2,899 | $675 | $10,000+ |
| Capitol 4 Bedroom Apartments | $2,312 | $650 | $6,700 |
| Capitol 5 Bedroom Apartments | $2,194 | $1,293 | $8,150 |
Browse Apartments in this Neighborhood
There are currently 192 rentals with your search options within a 1 mile radius of the Capitol Neighborhood of Madison, WI.
See all Apartments in MadisonExplore Madison
Capitol, Madison, WI Local Guide
- Nearby Madison neighborhoods
- Nearby Cities
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- School Districts
Cheapest Available Capitol Apartments for Rent
 The cheapest available apartment rental in the Capitol area of Madison, WI is a 1 Bed unit found at The Shield priced from $842. 1301 Spring St has the second lowest priced unit, which is a Studio apartment currently listed from $845. Here are the most affordable Capitol apartments for rent in Madison, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Shield | A2 | 1BR,1BA | $842 |
| 1301 Spring St | Studio Sublet 5/1-8/13 | Studio,1BA | $845 |
| 106 S Hancock St | Studio | Studio,1BA | $890 |
| 632 Howard Place | 632 Howard Place - 304 | Studio,1BA | $895 |
| 421 W Gilman St | 421 Gilman 1 Bedroom | 1BR,1BA | $990 |
| Varsity Campus Apartments | 4-Bedroom, 2-Bath | 4BR,2BA | $1,065 |
| City Row | A4 (50LMI Income Restricted) | Studio,1BA | $1,070 |
| Courtyard Apartments | 0BR/1.0BA | Studio,1BA | $1,070 |
| Langdon Hall Apartments | Studios | Studio,1BA | $1,085 |
Best Value Apartments for Rent in Capitol, WI
As of March 06, 2026 the best value apartment in the Capitol area is the $1.40 price per square foot 813 Williamson St Model at 813 Williamson St, Unit #1 in the in the The Isthmus neighborhood starting from $2,100. The second greatest value Capitol apartment is the 453 W Mifflin St Model at 453 W Mifflin St, Unit 1 starting at $1,845 with a $1.38 price per square foot in the The Isthmus neighborhood. Here is today’s list of the best values for Capitol apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 813 Williamson St, Unit #1 | 813 Williamson St | 3BR,1BA | $1.40 |
| 453 W Mifflin St, Unit 1 | 453 W Mifflin St | 3BR,1BA | $1.38 |
| 857 E Gorham St, Unit 857 | 857 E Gorham St | 3BR,1BA | $1.46 |
| Pres House Apartments | Bedroom (Shared) | 4BR,2BA | $1.37 |
| 114 S Blair St | 114 S Blair St | 2BR,1BA | $1.36 |
| 229 Lakelawn *Student Housing* | 4 Bedroom 26-27 School Year / Room | 4BR,3BA | $1.18 |
| Collegiate Campus Apartments | 3 Bedroom 2 Bath Lake Views (7th/8th Floor) | 3BR,2BA | $0.74 |
| 451 W Mifflin St, Unit 3 | 451 W Mifflin St | 2BR,1BA | $1.27 |
| 17 N Bassett St | 17 N Bassett St | 1BR,1BA | $1.46 |
| The Shield | A2 | 1BR,1BA | $1.09 |
Lakeshore to Lecture Hall: Finding Your Perfect Student Apartment in Madison, WI
Discover the best student housing neighborhoods for renting in Madison, Wisconsin! This guide covers apartments near the University of Wisconsin-Madison, Edgewood University, Herzing University, and Madison Area Technical College, detailing locations like Regent, Shorewood Hills, Dudgeon-Monroe, and more for your perfect college home.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleCapitol, Madison, WI
Ranked #10
Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals in cities across the United States including Capitol, Madison, and the greater Madison area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and easy access to the parks, transit availability, pet-friendly communities, places to raise kids, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Capitol Apartments
What is a cheap apartment in Capitol?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Capitol is under $1,085.
What is the price of a cheap apartment in Capitol?
The cheapest apartment in Capitol is The Shield which is listed at $842, while the average apartment in Capitol costs $9,500.
What types of apartments are the cheapest in Capitol?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 336 regular apartments in Capitol that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Capitol?
Cheap apartments in Capitol have an average cost of $953 which is $8,547 cheaper than the average rent for all rentals in Capitol.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Madison
Written by: Mike Heuer
I’m Mike, your ApartmentHomeLiving.com local expert for Madison, Wisconsin. I lived and worked in Madison for several years before career opportunities took me elsewhere.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.