Cheap Apartments for Rent in the First Settlement Neighborhood of Madison, WI from $400 (182 Rentals) Page 2 of 4

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

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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Irwin
Rent Specials
$1,420 - $3,380
Total Monthly Price

Total Monthly Price

Base Rent
$1,420 - $3,380

Total Monthly Price
$1,420 - $3,380
Studio to 2 Bedroom Apartments Available Now

Irwin

838 Williamson StMadison, WI 53703
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Lincoln School
$1,425 - $2,450
Total Monthly Price

Total Monthly Price

Base Rent
$1,425 - $2,450

Total Monthly Price
$1,425 - $2,450
1 Bedroom Apartments Available Now

Lincoln School

720 E Gorham StMadison, WI 53703
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109 E Gorham St
$1,425 - $1,995
Total Monthly Price

Total Monthly Price

Base Rent
$1,425 - $1,995

Total Monthly Price
$1,425 - $1,995
1 to 3 Bedroom Apartment Available Aug 15, 2027

109 E Gorham St

109 E Gorham StMadison, WI 53703
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SEVEN27 at the Yards
$1,435 - $3,765
Total Monthly Price

Total Monthly Price

Base Rent
$1,435 - $3,765

Total Monthly Price
$1,435 - $3,765
Studio to 2 Bedroom Apartments Available Now

SEVEN27 at the Yards

727 Lorillard CtMadison, 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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415 Wisconsin Ave
Rent Specials
$1,450 - $1,525
Total Monthly Price

Total Monthly Price

Base Rent
$1,450 - $1,525

Total Monthly Price
$1,450 - $1,525
1 Bedroom Apartments Available Aug 1

415 Wisconsin Ave

415 Wisconsin AveMadison, WI 53703
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City Place
$1,485 - $2,270
Total Monthly Price

Total Monthly Price

Base Rent
$1,485 - $2,270

Total Monthly Price
$1,485 - $2,270
1 to 2 Bedroom Apartments Available Now

City Place

430 W Main StMadison, WI 53703
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Factory District
Rent Specials
$1,515 - $3,510
Total Monthly Price

Total Monthly Price

Base Rent
$1,515 - $3,510

Total Monthly Price
$1,515 - $3,510
1 to 3 Bedroom Apartments Available Now

Factory District

1222 E Washington AveMadison, WI 53703
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The Edge
$1,575 - $3,720
Total Monthly Price

Total Monthly Price

Base Rent
$1,575 - $3,720

Total Monthly Price
$1,575 - $3,720
Studio to 3 Bedroom Apartments Available Now

The Edge

309 S Blount StMadison, WI 53703
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The Penny
Rent Specials
$1,585 - $3,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,585 - $3,500

Total Monthly Price
$1,585 - $3,500
Studio to 3 Bedroom Apartments Available Mar 1, 2027

The Penny

320 S Brearly StMadison, WI 53703
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Bellevue Apartments
1 Bedroom Apartments

Bellevue Apartments

29 E Wilson StMadison, WI 53703
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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 $1,129.

What is the price of a cheap apartment in First Settlement?

The cheapest apartment in First Settlement is The Bayshore which is listed at $1,095, while the average apartment in First Settlement costs $5,850.

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 273 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 $924 which is $4,926 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.

Articles, How-To's, and Tips

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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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.