Cheap Apartments for Rent in the Downtown Madison Neighborhood of Madison, WI from $400 (154 Rentals)

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

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Downtown Madison, Madison, WI Local Guide

Cheapest Available Downtown Madison Apartments for Rent

 

The cheapest available apartment rental in the Downtown Madison area of Madison, WI is a Studio unit found at Hellenbrand Apartments priced from $705. Pres House Apartments has the second lowest priced unit, which is a 4 Beds apartment currently listed from $750. Here are the most affordable Downtown Madison apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Hellenbrand ApartmentsStudio--111 S BassettStudio,1BA$705
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$750
Gargano Propertiesone1BR,1BA$750
632 Howard Place632 Howard Place - 302Studio,1BA$895
Metropolitan Apartments200Studio,1BA$950
The Badger Den Apartments on GilmanWingraStudio,1BA$979
106 S Hancock StStudioStudio,1BA$990

Best Value Apartments for Rent in Downtown Madison, WI

As of September 10, 2025 the best value apartment in the Downtown Madison area is the $1.44 price per square foot 3BR/3.0BA Model at Wingra West in the in the Downtown Madison neighborhood starting from $3,600. The second greatest value Downtown Madison apartment is the 6 Bedroom Model at 229 Lakelawn *Student Housing* starting at $1,200 with a $0.77 price per square foot in the The Isthmus neighborhood. Here is today’s list of the best values for Downtown Madison apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Wingra West3BR/3.0BA3BR,3BA$1.44
229 Lakelawn *Student Housing*6 Bedroom6BR,3BA$0.77
1326 Vilas Ave, Unit Lower Flat1326 Vilas Ave2BR,2BA$1.20
Arbor CrossingI Floor Plan (60LMI Income Restricted)3BR,2BA$1.51
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$0.64
Park Cedar ApartmentsTwo Bedroom, One Bath2BR,1BA$1.47
Gargano Propertiesone1BR,1BA$0.74
1042 Erin St, Unit 11042 Erin St1BR,1BA$1.30
345 W Doty St, Unit 2345 W Doty St2BR,1BA$0.78
1319 Drake St, Unit #21319 Drake St1BR,1BA$1.08

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Pet Friendly Lifestyle
Downtown Madison, Madison, WI

Ranked #6

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 our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States, including Madison. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

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 $990.

What is the price of a cheap apartment in Downtown Madison?

The cheapest apartment in Downtown Madison is Gargano Properties which is listed at $750, while the average apartment in Downtown Madison costs $7,995.

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 198 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 $2,046 which is $5,949 cheaper than the average rent for all rentals in Downtown Madison.

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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The Rental Move-In Inspection Checklist: A Guide for Renters

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The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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