Cheap Apartments for Rent in the Capitol Neighborhood of Madison, WI from $400 (201 Rentals)

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

property at 1205 Chandler St

$599 - $775

Total Monthly Price

Total Monthly Price

Base Rent
$599 - $775
Total Monthly Price
$599 - $775

1 Bedroom, 1 Bath Townhome for Rent

Available Aug 5

1205 Chandler St

MadisonWI53715

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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636 State St
$1,000 - $1,300
Total Monthly Price

Total Monthly Price

Base Rent
$1,000 - $1,300
Total Monthly Price
$1,000 - $1,300
Studio to 1 Bedroom Apartment Available Now

636 State St

636 State StMadison, WI 53703
Affordability
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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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Courtyard Apartments
Rent Specials
$1,080 - $1,300
Total Monthly Price

Total Monthly Price

Base Rent
$1,080 - $1,300
Total Monthly Price
$1,080 - $1,300
Studio Apartments Available Now

Courtyard Apartments

102 N Franklin StMadison, WI 53703
Corporate Housing
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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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Constellation
Rent Specials
$1,199 - $2,799
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $2,799
Total Monthly Price
$1,199 - $2,799
Studio to 3 Bedroom Apartments Available Now

Constellation

10 N Livingston StMadison, WI 53703
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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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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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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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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. 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
45 N Orchard St0x1-200Studio,1BA$750
The ShieldA21BR,1BA$842
8Twenty Park1 Bed- 50%1BR,1BA$867
1315 Spring St1BR/1.0BA1BR,1BA$899
126-128 S Franklin St1 BR1BR,1BA$929
106 S Hancock StStudioStudio,1BA$990
502 E Main StEfficiencyStudio,1BA$999
Axton5BR/5BA - The Five C ADA5BR,5BA$1,049
Greenspire Wilson Apartments0BR/1.0BAStudio,1BA$1,050

Best Value Apartments for Rent in Capitol, WI

As of July 20, 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
916 E Gorham St3BR/1.0BA3BR,1BA$1.41
SEVEN27 at the Yards1 Bedroom1BR,1BA$1.46
1027 Drake St, Unit #21027 Drake St1BR,1BA$1.55
Varsity Campus Apartments4-Bedroom, 2-Bath4BR,2BA$1.18
Lincoln SchoolOne Bedroom1BR,1BA$1.68
Humbucker Apartments2x1-7902BR,1BA$1.39
The ShieldA21BR,1BA$1.18
1315 Spring St1BR/1.0BA1BR,1BA$1.63

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 #12

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 $1,050.

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 $4,050.

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 151 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 $724 which is $3,326 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.

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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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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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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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