Cheap Homes for Rent in First Settlement Neighborhood of Madison, WI from $900 (6 Rentals)

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

property at 1216 Jenifer St

1216 Jenifer St

MadisonWI53703

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 Studio unit found at Hellenbrand Apartments priced from $705. 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
Hellenbrand ApartmentsStudio--111 S BassettStudio,1BA$705
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$750
519 State StStudioStudio,1BA$920

Best Value Apartments for Rent in First Settlement, WI

As of August 29, 2025 the best value apartment in the First Settlement area is the $0.77 price per square foot 6 Bedroom Model at 229 Lakelawn *Student Housing* in the in the The Isthmus neighborhood starting from $1,200. The second greatest value First Settlement apartment is the 207 S Broom St Model at 207 S Broom St, Unit #2 starting at $2,095 with a $1.78 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.
229 Lakelawn *Student Housing*6 Bedroom6BR,3BA$0.77
207 S Broom St, Unit #2207 S Broom St3BR,1BA$1.78
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$0.64
Hub on Campus Madison3X23BR,2BA$1.61
City RowC4 (60LMI Income Restricted)2BR,2BA$1.78
Sheelin Apartments1 Bed, 1 bath1BR,1BA$1.80
The VarsityOne Bedroom in a 4 Bedroom4BR,2BA$1.27
344 State St, Unit 2344 State St2BR,1BA$1.41
Gargano Propertiesone1BR,1BA$1.36
509 N Lake StOne-Bed1BR,1BA$1.74

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Pet Friendly Lifestyle
First Settlement, Madison, WI

Ranked #16

Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about First Settlement

What type of rentals are currently available in First Settlement?

There are currently 417 Apartments for Rent in First Settlement, WI with pricing that ranges from $750 to $7,277. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in First Settlement ranging from $900 to $3,610.

What is the current price range for Rental Homes in First Settlement?

Today's rental pricing for Homes for Rent, Condos and Townhomes in First Settlement ranges from $900 to $3,610 with an average monthly rent of $2,435.

How much are larger Three and Four Bedroom Rentals in First Settlement?

For those who are looking for larger living arrangements, Three Bedroom Apartments in First Settlement range from $1,170 to $6,445, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $2,995. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $750.

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

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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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.