Cheap Apartments for Rent in the First Settlement Neighborhood of Madison, WI from $400 (121 Rentals)

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Search the lowest-cost Apartments available for rent right now in the First Settlement area of Madison.

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Bellevue Apartments
1 Bedroom Apartments

Bellevue Apartments

29 E Wilson StMadison, WI 53703
  • Utilities Included
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Laketowne Apartments
Studio to 1 Bedroom Apartments

Laketowne Apartments

622 Howard PlMadison, WI 53703
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529 N Pinckney St
Studio to 1 Bedroom Apartments

529 N Pinckney St

529 N Pinckney StMadison, WI 53703

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First Settlement, Madison, WI Local Guide

Cheapest Available First Settlement Apartments for Rent

 

The cheapest available apartment rental in the First Settlement area of Madison, WI is a 3 Beds unit found at Hub on Campus Madison priced from $730. Pres House Apartments has the second lowest priced unit, which is a 4 Beds apartment currently listed from $750. Here are the most affordable First Settlement apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
Hub on Campus Madison3X5D33BR,3BA$730
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$750
The ShieldA21BR,1BA$842
Hellenbrand ApartmentsStudio--111 S BassettStudio,1BA$850
Capital Park ApartmentsEfficiencyStudio,1BA$999
Gargano Propertiesone1BR,1BA$1,000
Courtyard Apartments, LLC.0BR/1.0BAStudio,1BA$1,040
Parkview Apartmentsstudios (745)Studio,1BA$1,150
632 Howard Place632 Howard Place - 201Studio,1BA$1,150

Best Value Apartments for Rent in First Settlement, WI

As of June 05, 2025 the best value apartment in the First Settlement area is the $1.42 price per square foot 949 Spaight St Model at 949 Spaight St, Unit 949 Spaight St in the in the The Isthmus neighborhood starting from $2,550. The second greatest value First Settlement apartment is the Two Bedroom Two Bathroom Model at The Pressman starting at $3,120 with a $1.99 price per square foot in the The Isthmus neighborhood. Here is today’s list of the best values for First Settlement apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
949 Spaight St, Unit 949 Spaight St949 Spaight St4BR,1BA$1.42
The PressmanTwo Bedroom Two Bathroom2BR,2BA$1.99
Waterfront3 Bed, 2 Bath3BR,2BA$1.04
103 N Franklin St, Unit 3103 N Franklin St3BR,2BA$1.97
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$0.64
Hub on Campus Madison2X2L2BR,2BA$1.83
Williamson Place2BR/1BA2BR,1BA$1.65
Nichols Station ApartmentsOne Bedrooms1BR,1BA$1.70
22 N Hancock StOne-Bedroom1BR,1BA$1.87
Gargano Propertiesone1BR,1BA$1.33

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
First Settlement, Madison, WI

Ranked #14

Among neighborhoods in Madison, WI for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across Wisconsin including First Settlement, Madison, and the greater Madison area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, places that make kids happy, raising pets, transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

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 $2,900.

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 89 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 $797 which is $2,103 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.

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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

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If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.