
Cheap 2 Bedroom Apartments for Rent in the Downtown Madison Neighborhood of Madison, WI from $855 (42 Rentals)


Theory Madison

Total Monthly Price
451 W Mifflin St, Unit 3

Cardinal Apartments

421 W Gilman St

Total Monthly Price
1309 Spring St

The Madison Mark

110 S Blair St
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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.

402 W Wilson Street

Total Monthly Price
16 N Broom St, Unit 3

114 S Blair St

Total Monthly Price
510 W Main St

202-204 N Pinckney St

Quisling Terrace

301 N Pinckney St

Waterfront Apartments
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.

Mendota Lakeshore Apartments

22 N Hancock St

120 S Blair St

104 Langdon St

Randall Station

504 W Main St

Varsity Campus Apartments

Vantage Point
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.

Diplomat Apartments

116-118 W Johnson St

614 Langdon St

143-145 W Gilman St

445 W Johnson St

Capitol Centre

543 W Wilson St

133 N Hancock St
Madison's Best Affordable Neighborhoods
Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer

504-508 W Main St

Grand Victorian

Blied Building

619 Langdon St

110 West

Quisling Houses (11 & 15 West)

120-128 N Orchard St

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

210 Lakelawn Place

Landsdowne Court (107-119)
Downtown Madison, Madison, WI Local Guide

How much does it cost to rent an apartment in Downtown Madison?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Downtown Madison Studio Apartments | $1,673 | $850 | $3,030 |
| Downtown Madison 1 Bedroom Apartments | $2,095 | $850 | $5,121 |
Downtown Madison 2 Bedroom Apartments | $2,639 | $855 | $5,597 |
| Downtown Madison 3 Bedroom Apartments | $2,859 | $675 | $6,535 |
| Downtown Madison 4 Bedroom Apartments | $2,379 | $675 | $6,700 |
| Downtown Madison 5 Bedroom Apartments | $2,159 | $1,199 | $8,150 |
| Downtown Madison 6 Bedroom Apartments | $4,930 | $4,465 | $5,395 |
Explore Madison
Downtown Madison, Madison, WI Local Guide
- Nearby Madison neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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.
Read ArticleDon'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.
Read ArticleThe 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 ArticleCash 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 ArticleQuick 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.
Pet Friendly LifestyleDowntown Madison, Madison, WI
Ranked #6
Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Downtown Madison Apartments
What is a cheap apartment in Downtown Madison?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Madison is under $1,079.
What is the price of a cheap apartment in Downtown Madison?
The cheapest apartment in Downtown Madison is 1309 Spring St which is listed at $1,299, while the average apartment in Downtown Madison costs $9,500.
What types of apartments are the cheapest in Downtown Madison?
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 364 regular apartments in Downtown Madison 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 Downtown Madison?
Cheap apartments in Downtown Madison have an average cost of $923 which is $8,577 cheaper than the average rent for all rentals in Downtown Madison.
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

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.

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.

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.

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.