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Cheap Homes for Rent in Downtown Madison Neighborhood of Madison, WI from $1,000 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Madison area of Madison.
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125 E Gorham St
MadisonWI53703
7 Sherman Ter, Unit 2
7 Sherman Ter
MadisonWI53704
121 E Gorham St
MadisonWI53703
129 E Gorham St
MadisonWI53703
133 E Gorham St
MadisonWI53703
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.
33 Sherman Terrace
MadisonWI53704
934 High St
MadisonWI53715
123 E Gorham St
MadisonWI53703
2 Sherman Terrace
MadisonWI53704
115 Lakewood Gardens Ln
MadisonWI53704
31 Sherman Ter, Unit 6
31 Sherman Ter
MadisonWI53704
137 E Gorham St
MadisonWI53703
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.
Showing Results 1-14, Page 1 of 1
Downtown Madison, Madison, WI Local Guide
How much does it cost to rent a home in Downtown Madison?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Downtown Madison 2 Bedroom Homes for Rent | $2,064 | $1,100 | $3,395 |
| Downtown Madison 3 Bedroom Homes for Rent | $2,639 | $1,750 | $4,200 |
| Downtown Madison 4 Bedroom Homes for Rent | $3,520 | $2,970 | $4,180 |
| Downtown Madison 5 Bedroom Homes for Rent | $3,624 | $3,000 | $4,249 |
| Downtown Madison 6 Bedroom Homes for Rent | $6,949 | $6,949 | $6,949 |
Browse Homes for Rent in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the Downtown Madison Neighborhood of Madison, WI.
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Downtown Madison, Madison, WI Local Guide
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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 635 Howard Pl priced from $775. The Shield has the second lowest priced unit, which is a 1 Bed apartment currently listed from $842. Here are the most affordable Downtown Madison apartments for rent in Madison, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 635 Howard Pl | Studio | Studio,1BA | $775 |
| The Shield | A2 | 1BR,1BA | $842 |
| 632 Howard Place | 632 Howard Place - 304 | Studio,1BA | $895 |
| Gargano Properties | one | 1BR,1BA | $900 |
| 106 S Hancock St | Studio | Studio,1BA | $990 |
Best Value Apartments for Rent in Downtown Madison, WI
As of November 14, 2025 the best value apartment in the Downtown Madison area is the $0.90 price per square foot 5BR/4BA - E3 Model at Chapter at Madison in the in the Downtown Madison neighborhood starting from $1,389. The second greatest value Downtown Madison apartment is the 813 Williamson St Model at 813 Williamson St, Unit #1 starting at $2,100 with a $1.40 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Chapter at Madison | 5BR/4BA - E3 | 5BR,4BA | $0.90 |
| 813 Williamson St, Unit #1 | 813 Williamson St | 3BR,1BA | $1.40 |
| Pres House Apartments | Bedroom (Shared) | 4BR,2BA | $1.37 |
| 22 N Hancock St | Two-Bedroom | 2BR,1BA | $1.53 |
| Collegiate Campus Student Apartments | Apartments Available Now | 4BR,2BA | $0.68 |
| Park Cedar Apartments | Two Bedroom, One Bath | 2BR,1BA | $1.47 |
| Arbor Crossing | H1 Floor Plan (60LMI Income Restricted) | 2BR,2BA | $1.49 |
| Gargano Properties | one | 1BR,1BA | $0.88 |
| 229 Lakelawn *Student Housing* | 4 Bedroom 26-27 School Year / Room | 4BR,3BA | $1.18 |
| The Shield | A2 | 1BR,1BA | $1.18 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read Article
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.
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.
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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 Downtown Madison
What type of rentals are currently available in Downtown Madison?
There are currently 630 Apartments for Rent in Downtown Madison, WI with pricing that ranges from $842 to $9,500. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Madison ranging from $1,095 to $6,949.
What is the current price range for Rental Homes in Downtown Madison?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Madison ranges from $1,095 to $6,949 with an average monthly rent of $3,095.
How much are larger Three and Four Bedroom Rentals in Downtown Madison?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Madison range from $1,119 to $6,450, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $4,200. Four Bedroom Single-Family rentals are also available starting from $2,970 and Four Bedroom Apartments start at $1,100.
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.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
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.