Cheap Apartments for Rent in the Capitol Neighborhood of Madison, WI from $400 (148 Rentals)

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

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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 3 Beds unit found at Hub on Campus Madison priced from $730. 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
Hub on Campus Madison3X5D33BR,3BA$730
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$750
The ShieldA21BR,1BA$842
Hellenbrand ApartmentsStudio--111 S BassettStudio,1BA$850
Capital Park ApartmentsEfficiencyStudio,1BA$999
Gargano Propertiesone1BR,1BA$1,000
Courtyard Apartments, LLC.0BR/1.0BAStudio,1BA$1,040
8Twenty Park1 Bed- Income Restriction 50%1BR,1BA$1,086
The BreeseU1 Floor Plan (50LMI Income Restricted)1BR,1BA$1,135
Parkview Apartmentsstudios (745)Studio,1BA$1,150

Best Value Apartments for Rent in Capitol, WI

As of June 14, 2025 the best value apartment in the Capitol area is the $1.54 price per square foot Two Bedroom Two Bathroom Model at Tobacco Lofts at the Yards in the in the Downtown Madison neighborhood starting from $2,265. The second greatest value Capitol apartment is the 3 Bed, 2 Bath Model at Waterfront starting at $1,450 with a $1.04 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Tobacco Lofts at the YardsTwo Bedroom Two Bathroom2BR,2BA$1.54
Waterfront3 Bed, 2 Bath3BR,2BA$1.04
8Twenty Park2 Bedroom, Market Rate2BR,2BA$1.66
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$0.64
402 W Wilson Street2/22BR,2BA$1.58
Hub on Campus Madison2X2L2BR,2BA$1.83
Williamson Place2BR/1BA2BR,1BA$1.65
Nichols Station ApartmentsOne Bedrooms1BR,1BA$1.70
22 N Hancock StOne-Bedroom1BR,1BA$1.81
Gargano Propertiesone1BR,1BA$1.33

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Pet Friendly Lifestyle
Capitol, Madison, WI

Ranked #15

Among neighborhoods in Madison, WI 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 $1,150.

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 $3,033.

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 126 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 $887 which is $2,146 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.

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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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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.