
Cheap Apartments for Rent in the First Settlement Neighborhood of Madison, WI from $400 (229 Rentals) Page 2 of 5
Search the lowest-cost Apartments available for rent right now in the First Settlement area of Madison.


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Bassett Walk

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109 E Gorham St

Valor on Washington

Jenifer Place

514 E Johnson St

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Washington Court Apartments

Mendota on Mansion Hill

1030 Jenifer St

309 N Pinckney St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Quisling Terrace

301 S Livingston St

440-444 State St

22 N Franklin St

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419 State St, Unit 4

The Breese

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Irwin

Cardinal Apartments

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Lincoln School

402 W Dayton St, Unit 307
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.

402 W Dayton St, Unit 311

402 W Dayton St, Unit 309

427-431 W Doty

The Bankston Apartments

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415 Wisconsin Ave

Bakers Place

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City Place

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Quarter Row at the Yards

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302 State St, Unit #1

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821 Jenifer St, Unit 2
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Baldwin Corners Apartments

McBride Point

Park Central

Mendota Lakeshore Apartments

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Tobacco Lofts at the Yards

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SEVEN27 at the Yards

402 W Dayton St, Unit 304

402 W Dayton St, Unit 306

Hamilton Pointe

Butler Plaza
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.

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16 N Broom St, Unit 2

Diplomat Apartments

Domain

Park Place Apartments

Sheelin Apartments

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The Edge

215-217 N Blair St

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Factory District

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The Penny

402 W Dayton St, Unit 314
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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 | $1,674 | $920 | $2,601 |
| First Settlement 1 Bedroom Apartments | $2,150 | $803 | $3,750 |
| First Settlement 2 Bedroom Apartments | $2,834 | $825 | $6,720 |
| First Settlement 3 Bedroom Apartments | $3,147 | $1,000 | $10,000+ |
| First Settlement 4 Bedroom Apartments | $1,777 | $865 | $6,700 |
| First Settlement 5 Bedroom Apartments | $3,589 | $1,199 | $7,250 |
Browse Apartments in this Neighborhood
There are currently 229 rentals with your search options within a 1 mile radius of the First Settlement Neighborhood of Madison, WI.
See all Apartments in MadisonExplore Madison
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 $1,195.
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 $4,050.
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 71 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 $1,080 which is $2,970 cheaper than the average rent for all rentals in First Settlement.
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

Finding Your Place in Madison: Neighborhoods Close to the Citys Biggest Jobs
Written by: Mike Heuer
Madison, Wisconsin, is three communities in one. It is a college town that is home to the flagship university in the University of Wisconsin system.

An Insider's Guide to 6 Reasons Why Locals Love Renting in Madison, Wisconsin
Written by: Mike Heuer
Madison is Wisconsin’s capital city and its second-largest city, with a population of more than 260,000.

Lakeshore to Lecture Hall: Finding Your Perfect Student Apartment in Madison, WI
Written by: Mike Heuer
I am Mike, your guide to student housing in the Greater Madison, Wisconsin, area. Madison is a terrific city that also is the Capital of Wisconsin.

The Expert's 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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.