Cheap Apartments for Rent in the Capitol Neighborhood of Madison, WI from $400 (204 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Capitol area of Madison.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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.

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636 State St
$1,050 - $1,300
Total Monthly Price

Total Monthly Price

Base Rent
$1,050 - $1,300
Total Monthly Price
$1,050 - $1,300
Studio to 1 Bedroom Apartment Available Jul 1

636 State St

636 State StMadison, WI 53703
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Vicino Apartments
$1,061 - $2,375
Total Monthly Price

Total Monthly Price

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$1,061 - $2,375
Total Monthly Price
$1,061 - $2,375
Studio to 2 Bedroom Apartments Available Now

Vicino Apartments

1235 Regent StMadison, WI 53715
Pet Friendly
  • Verified
  • Utilities Included
  • Low Income

Cash 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.

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137 E Gorham St
$1,100 - $1,800
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Total Monthly Price

Base Rent
$1,100 - $1,800
Total Monthly Price
$1,100 - $1,800
Studio to 2 Bedroom Apartment Available Now

137 E Gorham St

137 E Gorham StMadison, WI 53703
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129 E Gorham St
$1,100 - $3,250
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Total Monthly Price

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$1,100 - $3,250
Total Monthly Price
$1,100 - $3,250
Studio to 4 Bedroom Apartment Available Aug 15

129 E Gorham St

129 E Gorham StMadison, WI 53703
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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.

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The Constellation
Rent Specials
$1,199 - $3,299
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $3,299
Total Monthly Price
$1,199 - $3,299
Studio to 3 Bedroom Apartments Available Now

The Constellation

10 N Livingston StMadison, WI 53703
Transit Friendly
  • Verified
  • Utilities Included
  • 3D Tour
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612 Howard Plz
$1,200 - $2,095
Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $2,095
Total Monthly Price
$1,200 - $2,095
Studio to 2 Bedroom Apartment Available Aug 15

612 Howard Plz

612 Howard PlzMadison, WI 53703
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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.

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Showing Results 1-50, Page 1 of 5

Capitol, Madison, WI Local Guide

Cheapest Available Capitol Apartments for Rent

 

The cheapest available apartment rental in the Capitol area of Madison, WI is a Studio unit found at 45 N Orchard St priced from $750. 632 Howard Place has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable Capitol apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
45 N Orchard St0x1-200Studio,1BA$750
632 Howard Place632 Howard Place - 303Studio,1BA$895
Greenspire Wilson Apartments0BR/1.0BAStudio,1BA$1,025
Courtyard Apartments0BR/1.0BAStudio,1BA$1,055
Vicino ApartmentsStyle F1Studio,1BA$1,061
Varsity Campus Apartments4-Bedroom, 2-Bath4BR,2BA$1,065
City RowA1 (50LMI Income Restricted)Studio,1BA$1,070
126-128 S Franklin St1 BR1BR,1BA$1,100
The Badger Den Apartments on GilmanWarnerStudio,1BA$1,129
106 S Hancock StStudioStudio,1BA$1,140

Best Value Apartments for Rent in Capitol, WI

As of June 04, 2026 the best value apartment in the Capitol area is the $1.37 price per square foot Bedroom (Shared) Model at Pres House Apartments in the in the Downtown Madison neighborhood starting from $1,700. The second greatest value Capitol apartment is the 4BR/3BA - D1 Model at Chapter at Madison starting at $969 with a $0.81 price per square foot in the Downtown Madison neighborhood. Here is today’s list of the best values for Capitol apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pres House ApartmentsBedroom (Shared)4BR,2BA$1.37
Chapter at Madison4BR/3BA - D14BR,3BA$0.81
Waterfront ApartmentsN4BR,2BA$1.27
207 S Broom St, Unit #2207 S Broom St3BR,1BA$1.69
City PlaceTwo Bedroom Two Bathroom2BR,2BA$1.56
SEVEN27 at the Yards1 Bedroom1BR,1BA$1.66
Varsity Campus Apartments4-Bedroom, 2-Bath4BR,2BA$1.18
Bedford Crossing1BR/1.0BA1BR,1BA$1.74
The Madison MarkWilson (60LMI Income Restricted)1BR,1BA$1.61
Towers on State2BR/1BA - B12BR,1BA$1.49

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.

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Don'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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Pet Friendly Lifestyle
Capitol, Madison, WI

Ranked #10

Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $1,140.

What is the price of a cheap apartment in Capitol?

The cheapest apartment in Capitol is Vicino Apartments which is listed at $1,093, while the average apartment in Capitol costs $5,850.

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 122 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 $803 which is $5,047 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.

Helpful Local Expert Guides

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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.

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Lakeshore to Lecture Hall: Finding Your Perfect Student Apartment in Madison, WI

Written by: Mike Heuer

I am Mike, your guide to student housing in the Greater Madison, Wisconsin, area. Madison is a terrific city that also is the Capital of Wisconsin.

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An Insiders Guide to 6 Reasons Why Locals Love Renting in Madison, Wisconsin

Written by: Mike Heuer

Madison is Wisconsin’s capital city and its second-largest city, with a population of more than 260,000.

Articles, How-To's, and Tips

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.