close
View Me
$900Studio Apartments Available May 1
114 W Gilman St, Unit 7
114 W Gilman StMadison, WI 53703
Cheap Homes for Rent in First Settlement Neighborhood of Madison, WI from $1,400 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the First Settlement area of Madison.
close
View Me
$950Studio Apartments Available Aug 14
114 W Gilman St, Unit 11
114 W Gilman StMadison, WI 53703
close
View Me
$9501 Bedroom Apartments Available Aug 14
114 W Gilman St, Unit 14
114 W Gilman StMadison, WI 53703
close
View Me
$950Studio Apartments Available Aug 15
454 W Dayton St
454 W Dayton StMadison, WI 53703
213 S Broom St, Unit 3, Unit 3
213 S Broom St
MadisonWI53703
close
View Me
$1,5651 Bedroom Apartments Available Aug 15
402 W Dayton St, Unit 314
402 W Dayton StMadison, WI 53703
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.
close
View Me
$1,6252 Bedroom Apartments Available Jun 20
1046 Jenifer St, Unit 3
1046 Jenifer StMadison, WI 53703
819 E Gorham St
MadisonWI53703
333 W Mifflin St
MadisonWI53703
828-830 E Johnson St
MadisonWI53703
309 W Washington Ave
MadisonWI53703
close
View Me
$1,8002 Bedroom Apartments Available Aug 15
1129 Elizabeth St, Unit 1
1129 Elizabeth StMadison, WI 53703
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.
849 Prospect Pl
MadisonWI53703
Showing Results 1-13, Page 1 of 1
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 | $2,430 | $1,645 | $3,200 |
| First Settlement 3 Bedroom Homes for Rent | $2,250 | $2,100 | $2,400 |
| First Settlement 4 Bedroom Homes for Rent | $3,474 | $3,200 | $3,749 |
| First Settlement 5 Bedroom Homes for Rent | $2,900 | $2,400 | $3,400 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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.
Explore Madison
Let everyone know!
Do you know the First Settlement area?
If you’re an expert on all things First Settlement, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 632 Howard Place priced from $895. 22 N Franklin St has the second lowest priced unit, which is a Studio apartment currently listed from $915. Here are the most affordable First Settlement apartments for rent in Madison, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 632 Howard Place | 632 Howard Place - 303 | Studio,1BA | $895 |
| 22 N Franklin St | Studio A | Studio,1BA | $915 |
| 228 Langdon St | Studio | Studio,1BA | $990 |
| The Bayshore | Studio | Studio,1BA | $1,025 |
| Greenspire Wilson Apartments | 0BR/1.0BA | Studio,1BA | $1,040 |
Best Value Apartments for Rent in First Settlement, WI
As of April 24, 2026 the best value apartment in the First Settlement area is the $1.09 price per square foot 855 E Gorham St Model at 855 E Gorham St, Unit 855 in the in the The Isthmus neighborhood starting from $2,625. The second greatest value First Settlement apartment is the Bedroom (Shared) Model at Pres House Apartments starting at $1,700 with a $1.37 price per square foot in the Downtown Madison 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. |
|---|---|---|---|
| 855 E Gorham St, Unit 855 | 855 E Gorham St | 4BR,2BA | $1.09 |
| Pres House Apartments | Bedroom (Shared) | 4BR,2BA | $1.37 |
| 127 N Franklin St, Unit 127 | 127 N Franklin St | 3BR,1BA | $1.67 |
| 207 S Broom St, Unit #2 | 207 S Broom St | 3BR,1BA | $1.69 |
| City Place | Two Bedroom Two Bathroom | 2BR,2BA | $1.54 |
| 229 Lakelawn *Student Housing* | 4 Bedroom 26-27 School Year / Room | 4BR,3BA | $1.18 |
| Collegiate Campus Apartments | 3 Bedroom 2 Bath Lake Views (7th/8th Floor) | 3BR,2BA | $0.74 |
| 402 W Wilson Street | The Lakeshore | 2BR,2BA | $1.67 |
| Sheelin Apartments | One bed | 1BR,1BA | $1.77 |
| Bedford Crossing | 1BR/1.0BA | 1BR,1BA | $1.69 |
Frequently Asked Questions about First Settlement
What type of rentals are currently available in First Settlement?
There are currently 490 Apartments for Rent in First Settlement, WI with pricing that ranges from $650 to $14,130. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in First Settlement ranging from $1,450 to $3,749.
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 $1,450 to $3,749 with an average monthly rent of $2,598.
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 $675 to $14,130, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $2,400. Four Bedroom Single-Family rentals are also available starting from $3,200 and Four Bedroom Apartments start at $650.
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
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.
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.
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.
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.