Cheap Apartments for Rent in the Downtown Madison Neighborhood of Madison, WI from $400 (267 Rentals) Page 3 of 6

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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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City Place
$1,485 - $2,270
Total Monthly Price

Total Monthly Price

Base Rent
$1,485 - $2,270

Total Monthly Price
$1,485 - $2,270
1 to 2 Bedroom Apartments Available Now

City Place

430 W Main StMadison, WI 53703
Transit Friendly
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Factory District
Rent Specials
$1,540 - $3,550
Total Monthly Price

Total Monthly Price

Base Rent
$1,540 - $3,550

Total Monthly Price
$1,540 - $3,550
1 to 3 Bedroom Apartments Available Now

Factory District

1222 E Washington AveMadison, WI 53703
Pet Friendly
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The Duncan
$1,555 - $4,944
Total Monthly Price

Total Monthly Price

Base Rent
$1,555 - $4,944

Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

The Duncan

1625 Lock LnMadison, WI 53703
Senior Living
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The Edge
$1,575 - $3,720
Total Monthly Price

Total Monthly Price

Base Rent
$1,575 - $3,720

Total Monthly Price
$1,575 - $3,720
Studio to 3 Bedroom Apartments Available Now

The Edge

309 S Blount StMadison, WI 53703
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The Penny
Rent Specials
$1,585 - $3,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,585 - $3,500

Total Monthly Price
$1,585 - $3,500
Studio to 3 Bedroom Apartments Available Mar 1, 2027

The Penny

320 S Brearly StMadison, WI 53703
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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 $1,065.

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

The cheapest apartment in Downtown Madison is The Bayshore which is listed at $1,095, while the average apartment in Downtown Madison costs $5,850.

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 311 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 $877 which is $4,973 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

decorative image for Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Madison article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.