Cheap Apartments for Rent in the Downtown Madison Neighborhood of Madison, WI from $400 (189 Rentals)Page 3 of 4
Search the lowest-cost Apartments available for rent right now in the Downtown Madison area of Madison.
Downtown Madison, Madison, WI Local Guide

How much does it cost to rent an apartment in Downtown Madison?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Madison Studio Apartments | $1,547 | $845 | $2,585 |
Downtown Madison 1 Bedroom Apartments | $1,908 | $565 | $3,750 |
Downtown Madison 2 Bedroom Apartments | $2,525 | $780 | $7,000 |
Downtown Madison 3 Bedroom Apartments | $2,396 | $699 | $6,395 |
Downtown Madison 4 Bedroom Apartments | $1,736 | $750 | $4,900 |
Downtown Madison 5 Bedroom Apartments | $1,671 | $699 | $7,277 |
Browse Apartments in this Neighborhood
There are currently 189 rentals with your search options within a 2 mile radius of the Downtown Madison Neighborhood of Madison, WI.
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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 $1,138.
What is the price of a cheap apartment in Downtown Madison?
The cheapest apartment in Downtown Madison is The Shield which is listed at $842, while the average apartment in Downtown Madison costs $2,500.
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 158 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 $834 which is $1,666 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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.