Cheap Apartments for Rent in the Capitol Neighborhood of Madison, WI from $400 (119 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

The 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 Article

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.

Read Article

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.

Read Article
close
View Me
Bellevue Apartments
1 Bedroom Apartments

Bellevue Apartments

29 E Wilson StMadison, WI 53703
  • Utilities Included
close
View Me
45 N Orchard St
Studio to 1 Bedroom Apartments

45 N Orchard St

45 N Orchard StMadison, WI 53715
  • Utilities Included
close
View Me
Laketowne Apartments
Studio to 1 Bedroom Apartments

Laketowne Apartments

622 Howard PlMadison, WI 53703
  • Utilities Included
close
View Me
529 N Pinckney St
Studio to 1 Bedroom Apartments

529 N Pinckney St

529 N Pinckney StMadison, WI 53703
close
View Me
625 on Langdon
2 to 5 Bedroom Apartments

625 on Langdon

625 Langdon StMadison, WI 53703
close
View Me
The Ambassador
Studio to 1 Bedroom Apartments

The Ambassador

522 N Pinckney StMadison, WI 53703
  • Utilities Included

Madison's Best Affordable Neighborhoods

Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer

Read Article
close
View Me
Grand Victorian
Studio to 2 Bedroom Apartments

Grand Victorian

134 W Gorham StMadison, WI 53703
Showing Results 1-50, Page 1 of 3

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 Hellenbrand Apartments priced from $705. Pres House Apartments has the second lowest priced unit, which is a 4 Beds apartment currently listed from $750. Here are the most affordable Capitol apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Hellenbrand ApartmentsStudio--111 S BassettStudio,1BA$705
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$750
519 State StStudioStudio,1BA$920
Metropolitan Apartments200Studio,1BA$950
509 N Lake StOne-Bed1BR,1BA$950
106 S Hancock StStudioStudio,1BA$990
421 W Gilman St736 E. Johnson St StudioStudio,1BA$995
Capital Park ApartmentsEfficiencyStudio,1BA$999
The Badger Den Apartments on GilmanWingraStudio,1BA$1,019

Best Value Apartments for Rent in Capitol, WI

As of August 29, 2025 the best value apartment in the Capitol area is the $0.77 price per square foot 6 Bedroom Model at 229 Lakelawn *Student Housing* in the in the The Isthmus neighborhood starting from $1,200. The second greatest value Capitol apartment is the 2 Bedroom, Market Rate Model at 8Twenty Park starting at $1,995 with a $1.66 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.
229 Lakelawn *Student Housing*6 Bedroom6BR,3BA$0.77
8Twenty Park2 Bedroom, Market Rate2BR,2BA$1.66
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$0.64
522 S Park St, Unit 201522 S Park St3BR,1BA$1.69
Hub on Campus Madison3X23BR,2BA$1.61
415 W Doty St, Unit 1415 W Doty St2BR,1BA$1.48
1042 Erin St, Unit 11042 Erin St1BR,1BA$1.30
The VarsityOne Bedroom in a 4 Bedroom4BR,2BA$1.27
344 State St, Unit 2344 State St2BR,1BA$1.41
Gargano Propertiesone1BR,1BA$1.36

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Capitol, Madison, WI

Ranked #11

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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 $1,019.

What is the price of a cheap apartment in Capitol?

The cheapest apartment in Capitol is Hellenbrand Apartments which is listed at $945, while the average apartment in Capitol costs $3,075.

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 191 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 $775 which is $2,300 cheaper than the average rent for all rentals in Capitol.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Madison article

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.