
Cheap Studio Apartments for Rent in the First Settlement Neighborhood of Madison, WI from $895 (89 Rentals)


Metropolitan Apartments

22 N Franklin St

519 State St

509 N Lake St

454 W Dayton St

454 W Dayton St

134 E Johnson

Gargano Properties

126-128 S Franklin St
Genius Ideas and Studio Layout Tips That Maximize Every Square Inch
Transform your studio apartment layout and maximize storage. Get proven ideas from a 20-year property expert to make any small space stylish and functional.

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636 State St

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Courtyard Apartments

City Row

2 Langdon St

Greenspire Wilson Apartments

Langdon Hall Apartments

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137 E Gorham St

Diplomat Apartments

The Badger Den Apartments on Gilman

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Constellation
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

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409 W Doty St, Unit 1

520 E Washington Ave

Parkview Apartments

22 N Hancock St

Campus Square

Tuscan Place

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612 Howard Plz

202-204 N Pinckney St

Roundhouse Apartments
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.

402 W Dayton St, Unit 111

402 W Dayton St, Unit 107

402 W Dayton St, Unit 108

1216 Williamson St

Inez Apartments

Quisling Terrace

The Breese

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Quarter Row at the Yards

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Irwin

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SEVEN27 at the Yards
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.

Veritas Village, LLC

Bakers Place

Butler Plaza

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Galaxie High Rise Apartments

Varsity Campus Apartments

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Tobacco Lofts at the Yards

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The Edge
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.
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 | $1,658 | $895 | $2,601 |
| First Settlement 1 Bedroom Apartments | $2,113 | $803 | $5,250 |
| First Settlement 2 Bedroom Apartments | $2,809 | $895 | $6,450 |
| First Settlement 3 Bedroom Apartments | $3,237 | $1,087 | $10,000+ |
| First Settlement 4 Bedroom Apartments | $2,245 | $938 | $6,700 |
| First Settlement 5 Bedroom Apartments | $2,881 | $1,049 | $7,250 |
Explore 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 $1,129.
What is the price of a cheap apartment in First Settlement?
The cheapest apartment in First Settlement is 632 Howard Place which is listed at $895, 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 69 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 $788 which is $5,062 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

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.

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.

An Insiders 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.
Articles, How-To's, and Tips

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.



