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from $5651 Bedroom Apartment Available Jun 1
508 W Doty St, Unit #1 - SUBLET
508 W Doty StMadison, WI 53703
Cheap 1 Bedroom Apartments for Rent in the First Settlement Neighborhood of Madison, WI from $565 (70 Rentals)
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from $9001 Bedroom Apartment Available Aug 15
304 N Carroll St, Unit 4
304 N Carroll StMadison, WI 53703
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from $1,0251 Bedroom Apartments Contact Us For Availability
518 W Main St
518 W Main StMadison, WI 53703
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203 S henry St
MadisonWI53703
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Madison's Best Affordable Neighborhoods
Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer
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Rent Specials
from $1,1851 Bedroom Apartments Available Aug 16, 2026
Capitol Centre Court Apartments
344 W Dayton StMadison, WI 53703
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Rent Specials
from $1,1501 Bedroom Apartments Available Now
Parkview Apartments
746 W Main StMadison, WI 53715
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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from $1,3501 Bedroom Apartments Available Feb 10, 2026
3Twenty Apartments
320 E Wilson StMadison, WI 53703
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from $1,3701 Bedroom Apartment Available Jul 1
1314 Williamson St, Unit Apt 1
1314 Williamson StMadison, WI 53703
410 N Paterson St
MadisonWI53703
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from $1,4001 Bedroom Apartment Available Jun 1
1403 Williamson St, Unit B
1403 Williamson StMadison, WI 53703
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from $1,4001 Bedroom Apartments Available Now
Park Place Apartments
510-520 W Dayton StMadison, WI 53703
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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First Settlement, Madison, WI Local Guide
How much does it cost to rent an apartment in First Settlement?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| First Settlement Studio Apartments | $1,585 | $845 | $2,585 |
First Settlement 1 Bedroom Apartments | $1,974 | $565 | $3,750 |
| First Settlement 2 Bedroom Apartments | $2,778 | $780 | $7,000 |
| First Settlement 3 Bedroom Apartments | $2,507 | $699 | $6,395 |
| First Settlement 4 Bedroom Apartments | $1,824 | $750 | $4,900 |
| First Settlement 5 Bedroom Apartments | $1,855 | $699 | $7,277 |
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First Settlement, Madison, WI Local Guide
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Quick Rent Budget Calculator
How much rent can you afford?
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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Getting Around the First Settlement Neighborhood in Madison, WI
Walk Score®
95 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
94 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
52 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap First Settlement Apartments
What is a cheap apartment in First Settlement?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in First Settlement is under $1,150.
What is the price of a cheap apartment in First Settlement?
The cheapest apartment in First Settlement is The Shield which is listed at $842, while the average apartment in First Settlement costs $2,779.
What types of apartments are the cheapest in First Settlement?
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 95 regular apartments in First Settlement 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 First Settlement?
Cheap apartments in First Settlement have an average cost of $776 which is $2,003 cheaper than the average rent for all rentals in First Settlement.
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.
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.