
Cheap Homes for Rent in the First Settlement Neighborhood of Madison, WI from $1,050 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the First Settlement area of Madison.


431 W Main St

402 W Dayton St, Unit 107

402 W Dayton St, Unit 111

402 W Dayton St, Unit 101

830 E Johnson St
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828-830 E Johnson St

402 W Dayton St, Unit 311

402 W Dayton St, Unit 309

402 W Dayton St, Unit 307

312 S Ingersoll St

1034 E Johnson St, Unit JO1
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120 S Blair St
First Settlement, Madison, WI Local Guide

How much does it cost to rent a home in First Settlement?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| First Settlement 2 Bedroom Homes for Rent | $1,825 | $1,280 | $2,800 |
| First Settlement 3 Bedroom Homes for Rent | $2,460 | $2,400 | $2,520 |
| First Settlement 4 Bedroom Homes for Rent | $2,310 | $2,100 | $2,520 |
| First Settlement 5 Bedroom Homes for Rent | $4,249 | $4,249 | $4,250 |
| First Settlement 6 Bedroom Homes for Rent | $8,282 | $7,449 | $9,949 |
Browse Homes for Rent in this Neighborhood
There are currently 13 rentals with your search options within a 1 mile radius of the First Settlement Neighborhood of Madison, WI.
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Cheapest Available First Settlement Apartments for Rent
 The cheapest available apartment rental in the First Settlement area of Madison, WI is a 1 Bed unit found at 148-150 E Gorham St priced from $600. 111 E Gorham St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable First Settlement apartments for rent in Madison, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 148-150 E Gorham St | 148-150 E Gorham St - 3F Ro... | 1BR,1BA | $600 |
| 111 E Gorham St | 1 Bed, 1 Bath | 1BR,1BA | $700 |
| The Shield | A2 | 1BR,1BA | $842 |
| 509 N Lake St | One-Bed | 1BR,1BA | $850 |
| Theory Madison | D9 | 4BR,4BA | $865 |
Best Value Apartments for Rent in First Settlement, WI
As of September 07, 2026 the best value apartment in the First Settlement area is the $1.37 price per square foot Bedroom (Shared) Model at Pres House Apartments in the in the Downtown Madison neighborhood starting from $1,700. The second greatest value First Settlement apartment is the Two-Bedroom Model at 22 N Hancock St starting at $1,600 with a $1.33 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pres House Apartments | Bedroom (Shared) | 4BR,2BA | $1.37 |
| 22 N Hancock St | Two-Bedroom | 2BR,1BA | $1.33 |
| 803 Williamson St, Unit 301 | 803 Williamson St | 2BR,1BA | $1.67 |
| Collegiate Campus Apartments | 4 Bedroom 2 Bath City Views (7th/8th Floor) | 4BR,2BA | $1.04 |
| 916 E Gorham St | 3BR/1.0BA | 3BR,1BA | $1.41 |
| The Hamilton | 2BR/1.0BA | 2BR,1BA | $1.70 |
| The Shield | A2 | 1BR,1BA | $1.18 |
| 636 State St, Unit 205 | 636 State St | 1BR,1BA | $1.47 |
| 121 E Gilman St | 1BR/1.0BA | 1BR,1BA | $1.57 |
| 509 N Lake St | One-Bed | 1BR,1BA | $1.56 |
Frequently Asked Questions about First Settlement
What type of rentals are currently available in First Settlement?
There are currently 496 Apartments for Rent in First Settlement, WI with pricing that ranges from $700 to $14,130. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in First Settlement ranging from $1,050 to $9,949.
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 $1,050 to $9,949 with an average monthly rent of $1,755.
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 $1,000 to $14,130, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,400 to $2,520. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $865.
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.
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