Cheap Homes for Rent in the Downtown Madison Neighborhood of Madison, WI from $799 (17 Rentals)

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

property at 1203 Chandler St
$799

Total Monthly Price

Base Rent$799
Total Monthly Price$799
4 Bedroom, 1 Bath Townhome for Rent
Available Dec 11
Furnished

1203 Chandler St, Unit 4 bedrooms

1203 Chandler St
MadisonWI53715
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Showing Results 1-17, Page 1 of 1

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 1 Bed unit found at 148-150 E Gorham St priced from $600. 111 E Gorham St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Downtown Madison apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
148-150 E Gorham St148-150 E Gorham St - 3F Ro...1BR,1BA$600
111 E Gorham St1 Bed, 1 Bath1BR,1BA$700
Humbucker Apartments4x2-12254BR,2BA$799
The ShieldA21BR,1BA$842
509 N Lake StOne-Bed1BR,1BA$850

Best Value Apartments for Rent in Downtown Madison, WI

As of September 04, 2026 the best value apartment in the Downtown Madison area is the $1.03 price per square foot 2BR/1.5BA Model at Wingra West Apartments in the in the Downtown Madison neighborhood starting from $1,800. The second greatest value Downtown Madison apartment is the 1BR/2.0BA Model at 2009-2011 University Ave starting at $949 with a $0.67 price per square foot in the Downtown Madison 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 West Apartments2BR/1.5BA2BR,1.5BA$1.03
2009-2011 University Ave1BR/2.0BA1BR,2BA$0.67
College StationFour Bedroom / Three Bath4BR,3BA$1.23
Pres House ApartmentsBedroom (Shared)4BR,2BA$1.37
The Badger Den Apartments on Kendall1810/1812 Kendall Ave2BR,1BA$1.33
916 E Gorham St3BR/1.0BA3BR,1BA$1.41
Collegiate Campus Apartments4 Bedroom 2 Bath City Views (7th/8th Floor)4BR,2BA$1.04
Park Cedar ApartmentsTwo Bedroom, One Bath2BR,1BA$1.47
The ShieldA21BR,1BA$1.18
636 State St, Unit 205636 State St1BR,1BA$1.47

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.

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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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Pet Friendly Lifestyle
Downtown Madison, Madison, WI

Ranked #5

Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Downtown Madison

What type of rentals are currently available in Downtown Madison?

There are currently 685 Apartments for Rent in Downtown Madison, WI with pricing that ranges from $590 to $14,130. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Madison ranging from $799 to $9,949.

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 $799 to $9,949 with an average monthly rent of $1,865.

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 $675 to $14,130, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $2,520. Four Bedroom Single-Family rentals are also available starting from $799 and Four Bedroom Apartments start at $650.

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.

Helpful Local Expert Guides

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