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$950Studio Apartments Available Aug 15
454 W Dayton St
454 W Dayton StMadison, WI 53703
Cheap Homes for Rent in First Settlement Neighborhood of Madison, WI from $1,000 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the First Settlement area of Madison.
125 E Gorham St
MadisonWI53703
121 E Gorham St
MadisonWI53703
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.
129 E Gorham St
MadisonWI53703
137 E Gorham St
MadisonWI53703
123 E Gorham St
MadisonWI53703
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
517 W Doty St
MadisonWI53703
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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 | $2,540 | $1,780 | $3,395 |
| First Settlement 3 Bedroom Homes for Rent | $2,509 | $1,609 | $3,475 |
| First Settlement 4 Bedroom Homes for Rent | $3,463 | $2,200 | $4,400 |
| First Settlement 5 Bedroom Homes for Rent | $3,200 | $3,000 | $3,400 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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 Studio unit found at 106 S Hancock St priced from $890. 632 Howard Place has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable First Settlement apartments for rent in Madison, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 106 S Hancock St | Studio | Studio,1BA | $890 |
| 632 Howard Place | 632 Howard Place - 304 | Studio,1BA | $895 |
| Gargano Properties | one | 1BR,1BA | $900 |
Best Value Apartments for Rent in First Settlement, WI
As of January 15, 2026 the best value apartment in the First Settlement area is the $1.25 price per square foot 17 N Bassett St Model at 17 N Bassett St, Unit 2 in the in the The Isthmus neighborhood starting from $2,360. The second greatest value First Settlement apartment is the 110 S Blair St Model at 110 S Blair St, Unit 2 starting at $1,600 with a $1.19 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. |
|---|---|---|---|
| 17 N Bassett St, Unit 2 | 17 N Bassett St | 4BR,2BA | $1.25 |
| 110 S Blair St, Unit 2 | 110 S Blair St | 3BR,1BA | $1.19 |
| 514 E Johnson St, Unit 2 | 514 E Johnson St | 1BR,1BA | $1.00 |
| 22 N Hancock St | Two-Bedroom | 2BR,1BA | $1.33 |
| Gargano Properties | one | 1BR,1BA | $0.88 |
| 229 Lakelawn *Student Housing* | 4 Bedroom 26-27 School Year / Room | 4BR,3BA | $1.18 |
| 450 W Washington Ave, Unit 3 | 450 W Washington Ave | 1BR,1BA | $1.20 |
| Collegiate Campus Apartments | 3 Bedroom 2 Bath Lake Views (7th/8th Floor) | 3BR,2BA | $0.74 |
| 451 W Mifflin St, Unit 3 | 451 W Mifflin St | 2BR,1BA | $1.27 |
| Varsity Campus Apartments | 4-Bedroom, 2-Bath | 4BR,2BA | $1.21 |
Frequently Asked Questions about First Settlement
What type of rentals are currently available in First Settlement?
There are currently 466 Apartments for Rent in First Settlement, WI with pricing that ranges from $675 to $9,500. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in First Settlement ranging from $1,050 to $4,400.
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 $4,400 with an average monthly rent of $2,478.
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 $6,450, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,609 to $3,475. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $675.
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.