
Cheap Apartments for Rent in the First Settlement Neighborhood of Madison, WI from $400 (207 Rentals) Page 2 of 5
Search the lowest-cost Apartments available for rent right now in the First Settlement area of Madison.


402 W Dayton St, Unit 311

402 W Dayton St, Unit 309

402 W Dayton St, Unit 307

402 W Dayton St

Waterfront Apartments

Jenifer Place

1216 Williamson St

Total Monthly Price
Washington Court Apartments

405-407 W Main 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.

202-204 N Pinckney St

440-444 State St

Total Monthly Price
929 E Johnson St, Unit 1

110-112 E Johnson St

22 N Franklin St

McBride Point

Cardinal Apartments

813 Williamson St

412 W Washington Ave

The Breese
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.

Total Monthly Price
Irwin

Mendota on Mansion Hill

Total Monthly Price
Lincoln School

427-431 W Doty

1145 Williamson St

The Bankston Apartments

22 N Hancock St

Bakers Place

Total Monthly Price
Quarter Row at the Yards

Sheelin Apartments
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.

Total Monthly Price
1132 E Johnson St

Total Monthly Price
City Place

151 E Wilson

Total Monthly Price
415 Wisconsin Ave

Total Monthly Price
302 State St, Unit #1

NoVo

916 E Gorham St

114 S Blair St

110 S Blair St

Total Monthly Price
403 E Johnson St, Unit 403 East Johnson
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.

410 N Butler St

Baldwin Corners Apartments

Total Monthly Price
Tobacco Lofts at the Yards

Butler Plaza

128-130

Total Monthly Price
SEVEN27 at the Yards

Hamilton Pointe

2107 University Ave

Total Monthly Price
707 W Main St, Unit 3

Total Monthly Price
16 N Broom St, Unit 2
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 | $1,653 | $875 | $3,279 |
| First Settlement 1 Bedroom Apartments | $2,159 | $700 | $7,055 |
| First Settlement 2 Bedroom Apartments | $2,796 | $880 | $6,231 |
| First Settlement 3 Bedroom Apartments | $3,153 | $1,000 | $10,000+ |
| First Settlement 4 Bedroom Apartments | $2,306 | $865 | $6,700 |
| First Settlement 5 Bedroom Apartments | $4,003 | $1,199 | $8,151 |
Browse Apartments in this Neighborhood
There are currently 207 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 $980.
What is the price of a cheap apartment in First Settlement?
The cheapest apartment in First Settlement is 148-150 E Gorham St which is listed at $575, while the average apartment in First Settlement costs $2,099.
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 92 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 $993 which is $1,106 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 City's 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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.