Cheap Apartments for Rent in the Capitol Neighborhood of Madison, WI from $400 (192 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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Humbucker Apartments
Rent Specials
$799 - $3,499
Total Monthly Price

Total Monthly Price

Base Rent
$799 - $3,499

Total Monthly Price
$799 - $3,499
1 to 4 Bedroom Apartments Available Now

Humbucker Apartments

1216 Spring StMadison, WI 53715
Transit Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
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632 Howard Place
$895 - $1,750
Total Monthly Price

Total Monthly Price

Base Rent
$800 - $1,655
Required Monthly Fees
$95

Total Monthly Price
$895 - $1,750
Studio to 2 Bedroom Apartments Available Now

632 Howard Place

632 Howard PlMadison, WI 53703
Student Housing
  • Verified
  • Utilities Included

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 Madison
$1,061 - $2,997
Total Monthly Price

Total Monthly Price

Base Rent
$1,061 - $2,997

Total Monthly Price
$1,061 - $2,997
Studio to 2 Bedroom Apartments Available May 1

Vicino Madison

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

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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315 N Blair St
$1,095 - $1,995
Total Monthly Price

Total Monthly Price

Base Rent
$1,095 - $1,995

Total Monthly Price
$1,095 - $1,995
1 to 2 Bedroom Apartment Available Now

315 N Blair St

315 N Blair StMadison, WI 53703
Affordability
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Capital Park Apartments
$1,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Required Monthly Fees
$50

Total Monthly Price
$1,100
1 Bedroom Apartments Contact Us For Availability

Capital Park Apartments

502 E Main StMadison, WI 53703
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
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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, 2027

137 E Gorham St

137 E Gorham StMadison, WI 53703
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Parkview Apartments
Rent Specials
$1,150 - $2,010
Total Monthly Price

Total Monthly Price

Base Rent
$1,115 - $1,975
Required Monthly Fees
$35

Total Monthly Price
$1,150 - $2,010
Studio to 2 Bedroom Apartments Available Now

Parkview Apartments

746 W Main StMadison, WI 53715
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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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140 W. Gorham
$1,165 - $1,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,130 - $1,215
Required Monthly Fees
$35

Total Monthly Price
$1,165 - $1,250
Studio to 1 Bedroom Apartments Available May 20

140 W. Gorham

140 W Gorham StMadison, WI 53703
Transit Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included
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121 N Hancock St
$1,195 - $1,450
Total Monthly Price

Total Monthly Price

Base Rent
$1,195 - $1,450

Total Monthly Price
$1,195 - $1,450
Studio to 1 Bedroom Apartment Available Jun 1

121 N Hancock St

121 N Hancock StMadison, WI 53703
Affordability
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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

129 E Gorham St

129 E Gorham StMadison, WI 53703
Affordability
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17 N Bassett St
$1,195 - $2,360
Total Monthly Price

Total Monthly Price

Base Rent
$1,195 - $2,360

Total Monthly Price
$1,195 - $2,360
1 to 4 Bedroom Apartment Available Now

17 N Bassett St

17 N Bassett StMadison, WI 53703
Cost Per Sq.Ft.

Madison's Best Affordable Neighborhoods

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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 1 Bed unit found at The Shield priced from $842. 1301 Spring St has the second lowest priced unit, which is a Studio apartment currently listed from $845. Here are the most affordable Capitol apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
The ShieldA21BR,1BA$842
1301 Spring StStudio Sublet 5/1-8/13Studio,1BA$845
106 S Hancock StStudioStudio,1BA$890
632 Howard Place632 Howard Place - 304Studio,1BA$895
421 W Gilman St421 Gilman 1 Bedroom1BR,1BA$990
Varsity Campus Apartments4-Bedroom, 2-Bath4BR,2BA$1,065
City RowA4 (50LMI Income Restricted)Studio,1BA$1,070
Courtyard Apartments0BR/1.0BAStudio,1BA$1,070
Langdon Hall ApartmentsStudiosStudio,1BA$1,085

Best Value Apartments for Rent in Capitol, WI

As of March 06, 2026 the best value apartment in the Capitol area is the $1.40 price per square foot 813 Williamson St Model at 813 Williamson St, Unit #1 in the in the The Isthmus neighborhood starting from $2,100. The second greatest value Capitol apartment is the 453 W Mifflin St Model at 453 W Mifflin St, Unit 1 starting at $1,845 with a $1.38 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.
813 Williamson St, Unit #1813 Williamson St3BR,1BA$1.40
453 W Mifflin St, Unit 1453 W Mifflin St3BR,1BA$1.38
857 E Gorham St, Unit 857857 E Gorham St3BR,1BA$1.46
Pres House ApartmentsBedroom (Shared)4BR,2BA$1.37
114 S Blair St114 S Blair St2BR,1BA$1.36
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
451 W Mifflin St, Unit 3451 W Mifflin St2BR,1BA$1.27
17 N Bassett St17 N Bassett St1BR,1BA$1.46
The ShieldA21BR,1BA$1.09

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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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.

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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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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.

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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 $1,085.

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 $9,500.

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 336 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 $953 which is $8,547 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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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.