Cheap Apartments for Rent in the Old Market Place Neighborhood of Madison, WI from $400 (112 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Old Market Place area of Madison.

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Bellevue Apartments
1 Bedroom Apartments

Bellevue Apartments

29 E Wilson StMadison, WI 53703
  • Utilities Included
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Laketowne Apartments
Studio to 1 Bedroom Apartments

Laketowne Apartments

622 Howard PlMadison, WI 53703
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529 N Pinckney St
Studio to 1 Bedroom Apartments

529 N Pinckney St

529 N Pinckney StMadison, WI 53703
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The Ambassador
Studio to 1 Bedroom Apartments

The Ambassador

522 N Pinckney StMadison, WI 53703
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Grand Victorian
Studio to 2 Bedroom Apartments

Grand Victorian

134 W Gorham StMadison, WI 53703
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15 N Hancock
Studio to 5 Bedroom Apartments

15 N Hancock

15 N Hancock StMadison, WI 53703
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Doty Street Apartments
Studio to 1 Bedroom Apartments

Doty Street Apartments

525 W Doty StMadison, WI 53703
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143-145 W Gilman St
1 to 4 Bedroom Apartments

143-145 W Gilman St

143-145 W Gilman StMadison, WI 53703
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Showing Results 1-50, Page 1 of 3

Old Market Place, Madison, WI Local Guide

Cheapest Available Old Market Place Apartments for Rent

 

The cheapest available apartment rental in the Old Market Place 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 Old Market Place 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
Gargano Propertiesone1BR,1BA$750
632 Howard Place632 Howard Place - 302Studio,1BA$895
509 N Lake StOne-Bed1BR,1BA$950
Metropolitan Apartments200Studio,1BA$950
The Badger Den Apartments on GilmanWingraStudio,1BA$979
106 S Hancock StStudioStudio,1BA$990
421 W Gilman St736 E. Johnson St StudioStudio,1BA$995

Best Value Apartments for Rent in Old Market Place, WI

As of September 09, 2025 the best value apartment in the Old Market Place 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 Old Market Place apartment is the 2 Bedroom 1 Bathroom Model at Nichols Station Apartments starting at $2,325 with a $1.79 price per square foot in the The Isthmus neighborhood. Here is today’s list of the best values for Old Market Place apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
229 Lakelawn *Student Housing*6 Bedroom6BR,3BA$0.77
Nichols Station Apartments2 Bedroom 1 Bathroom2BR,1BA$1.79
207 S Broom St, Unit #2207 S Broom St3BR,1BA$1.78
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$0.64
Yahara Landing ApartmentsOak2BR,2BA$1.73
Hub on Campus Madison3X23BR,2BA$1.61
Gargano Propertiesone1BR,1BA$0.74
1116 E Dayton St, Unit #21116 E Dayton St2BR,1BA$1.74
City RowC4 (60LMI Income Restricted)2BR,2BA$1.78
509 N Lake StOne-Bed1BR,1BA$1.74

Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Old Market Place, Madison, WI

Ranked #10

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com is proud to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States including Old Market Place, Madison, and the greater Madison area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Old Market Place Neighborhood in Madison, WI

Walk Score®

91 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

95 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

48 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Old Market Place Apartments

What is a cheap apartment in Old Market Place?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Old Market Place is under $995.

What is the price of a cheap apartment in Old Market Place?

The cheapest apartment in Old Market Place is Gargano Properties which is listed at $750, while the average apartment in Old Market Place costs $2,999.

What types of apartments are the cheapest in Old Market Place?

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 192 regular apartments in Old Market Place 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 Old Market Place?

Cheap apartments in Old Market Place have an average cost of $843 which is $2,156 cheaper than the average rent for all rentals in Old Market Place.

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

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.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

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.