Cheap Apartments for Rent in the Capitol Neighborhood of Madison, WI from $400 (193 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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1219 Regent St
$875 - $3,600
Total Monthly Price

Total Monthly Price

Base Rent
$875 - $3,600
Total Monthly Price
$875 - $3,600
4 Bedroom Apartment Available Aug 15

1219 Regent St

1219 Regent StMadison, WI 53715
Furnished
  • Smoke Free

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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Vicino Madison
$1,061 - $2,375
Total Monthly Price

Total Monthly Price

Base Rent
$1,061 - $2,375
Total Monthly Price
$1,061 - $2,375
Studio to 2 Bedroom Apartments Available May 1

Vicino Madison

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

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137 E Gorham St
$1,150 - $1,800
Total Monthly Price

Total Monthly Price

Base Rent
$1,150 - $1,800
Total Monthly Price
$1,150 - $1,800
Studio to 2 Bedroom Apartment Available Aug 15

137 E Gorham St

137 E Gorham StMadison, WI 53703
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129 E Gorham St
$1,195 - $2,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,195 - $2,600
Total Monthly Price
$1,195 - $2,600
1 to 3 Bedroom Apartment Available Aug 15, 2027

129 E Gorham St

129 E Gorham StMadison, WI 53703
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The Constellation
$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
  • Low Income

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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 4 Beds unit found at Humbucker Apartments priced from $799. The Shield has the second lowest priced unit, which is a 1 Bed apartment currently listed from $842. Here are the most affordable Capitol apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Humbucker Apartments4x2-12254BR,2BA$799
The ShieldA21BR,1BA$842
1301 Spring StStudio Sublet 5/1-8/13Studio,1BA$845
632 Howard Place632 Howard Place - 303Studio,1BA$895
22 N Franklin StStudio AStudio,1BA$915
228 Langdon StStudioStudio,1BA$990
The BayshoreStudioStudio,1BA$1,025
Greenspire Wilson Apartments0BR/1.0BAStudio,1BA$1,065
Varsity Campus Apartments4-Bedroom, 2-Bath4BR,2BA$1,065

Best Value Apartments for Rent in Capitol, WI

As of April 20, 2026 the best value apartment in the Capitol area is the $1.09 price per square foot 855 E Gorham St Model at 855 E Gorham St, Unit 855 in the in the The Isthmus neighborhood starting from $2,625. The second greatest value Capitol apartment is the Bedroom (Shared) Model at Pres House Apartments starting at $1,700 with a $1.37 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.
855 E Gorham St, Unit 855855 E Gorham St4BR,2BA$1.09
Pres House ApartmentsBedroom (Shared)4BR,2BA$1.37
127 N Franklin St, Unit 127127 N Franklin St3BR,1BA$1.67
City PlaceTwo Bedroom Two Bathroom2BR,2BA$1.54
229 Lakelawn *Student Housing*4 Bedroom 26-27 School Year / Room4BR,3BA$1.18
Collegiate Campus Apartments3 Bedroom 2 Bath Lake Views (7th/8th Floor)3BR,2BA$0.74
SEVEN27 at the Yards1 Bedroom1BR,1BA$1.66
402 W Wilson StreetThe Lakeshore2BR,2BA$1.67
Bedford Crossing1BR/1.0BA1BR,1BA$1.69
The ShieldA21BR,1BA$1.09

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

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Pet Friendly Lifestyle
Capitol, Madison, WI

Ranked #19

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 $1,065.

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 $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 299 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 $913 which is $4,937 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

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.

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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.