
Cheap Apartments for Rent in the Old Market Place Neighborhood of Madison, WI from $400 (201 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Market Place area of Madison.


218 S Bassett St

509 N Lake St

Theory Madison

New Langdon

632 Howard Place

Total Monthly Price
Courtyard Apartments

454 W Dayton St

Metropolitan Apartments

126-128 S Franklin St
Finding Your Place in Madison: Neighborhoods Close to the City’s Biggest Jobs
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The Badger Den Apartments on Gilman

Gargano Properties

130 N Hancock St

Mendota Lakeshore Apartments

502 E Main St

Langdon Hall Apartments

The Bayshore

Greenspire Wilson Apartments

Palisade Apartments
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City Row

Total Monthly Price
403 W Wilson St, Unit 1

518 W Main St

Tuscan Place

Total Monthly Price
129 E Gorham St

Total Monthly Price
542 W Doty St, Unit 1

Total Monthly Price
137 E Gorham St

402 W Dayton St, Unit 107

Park Central

Total Monthly Price
121 N Hancock St, Unit 5
Madison's Best Affordable Neighborhoods
Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer

109 E Gorham St

Campus Square Apartments

11 N Franklin St

402 W Wilson Street

Parkview Apartments

Total Monthly Price
109 E Gorham St

Total Monthly Price
Constellation

Total Monthly Price
Bassett Walk

402 W Dayton St, Unit 101

Rivers Edge Apartments
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1034 Jenifer St

Total Monthly Price
1237 E Johnson St, Unit 1237

Roundhouse Apartments

Capitol Centre Court Apartments

402 W Dayton St, Unit 111

Total Monthly Price
133 E Gorham St

1332 E Dayton St

1025 Jenifer St

1027-1027 Jenifer St

Valor on Washington
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Old Market Place, Madison, WI Local Guide

How much does it cost to rent an apartment in Old Market Place?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Market Place Studio Apartments | $1,657 | $895 | $2,601 |
| Old Market Place 1 Bedroom Apartments | $2,118 | $700 | $3,750 |
| Old Market Place 2 Bedroom Apartments | $2,672 | $880 | $6,050 |
| Old Market Place 3 Bedroom Apartments | $2,938 | $1,000 | $10,000+ |
| Old Market Place 4 Bedroom Apartments | $2,839 | $865 | $6,700 |
| Old Market Place 5 Bedroom Apartments | $3,119 | $1,049 | $8,151 |
Browse Apartments in this Neighborhood
There are currently 201 rentals with your search options within a 1 mile radius of the Old Market Place Neighborhood of Madison, WI.
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Old Market Place, Madison, WI Local Guide
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Cheapest Available Old Market Place Apartments for Rent
 The cheapest available apartment rental in the Old Market Place area of Madison, WI is a 1 Bed unit found at 148-150 E Gorham St priced from $575. 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 Old Market Place 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 | $575 |
| 111 E Gorham St | 1 Bed, 1 Bath | 1BR, 1BA | $700 |
| 509 N Lake St | One-Bed | 1BR, 1BA | $850 |
| Theory Madison | D9 | 4BR, 4BA | $865 |
| Courtyard Apartments | 0BR/1.0BA | Studio, 1BA | $895 |
| Metropolitan Apartments | Studio, 1 bath | Studio, 1BA | $900 |
| 126-128 S Franklin St | 1 BR | 1BR, 1BA | $929 |
| The Badger Den Apartments on Gilman | Waunona | Studio, 1BA | $949 |
| 135 East Johnson Street | 1BR/1.0BA | 1BR, 1BA | $950 |
| Gargano Properties | studio | Studio, 1BA | $980 |
Best Value Apartments for Rent in Old Market Place, WI
As of September 22, 2026 the best value apartment in the Old Market Place area is the $1.36 price per square foot 1228 E Dayton St Model at 1228 E Dayton St, Unit 2 in the The Isthmus neighborhood starting from $1,900. The second greatest value Old Market Place apartment is the 4BR/4BA - The Four C Model at Axton in the Downtown Madison neighborhood starting at $1,299 with a $1.01 price per square foot. Here is today’s list of the best values for Old Market Place apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1228 E Dayton St, Unit 2 | 1228 E Dayton St | 3BR, 1BA | $1.36 |
| Axton | 4BR/4BA - The Four C | 4BR, 4BA | $1.01 |
| 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 |
| 916 E Gorham St | 2BR/1.0BA | 2BR, 1BA | $1.36 |
| Collegiate Campus Apartments | 4 Bedroom 2 Bath City Views (7th/8th Floor) | 4BR, 2BA | $1.04 |
| The Hamilton | 2BR/1.0BA | 2BR, 1BA | $1.65 |
| The Breese | T1 Floor Plan (50LMI Income Restricted) | 2BR, 1BA | $1.66 |
| 509 N Lake St | One-Bed | 1BR, 1BA | $1.56 |
Lakeshore to Lecture Hall: Finding Your Perfect Student Apartment in Madison, WI
Discover the best student housing neighborhoods for renting in Madison, Wisconsin! This guide covers apartments near the University of Wisconsin-Madison, Edgewood University, Herzing University, and Madison Area Technical College, detailing locations like Regent, Shorewood Hills, Dudgeon-Monroe, and more for your perfect college home.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
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Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Pet Friendly LifestyleOld Market Place, Madison, WI
Ranked #10
Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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!
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 $980.
What is the price of a cheap apartment in Old Market Place?
The cheapest apartment in Old Market Place is 148-150 E Gorham St which is listed at $575, while the average apartment in Old Market Place costs $2,075.
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 104 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 $797 which is $1,278 cheaper than the average rent for all rentals in Old Market Place.
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.
Helpful Local Expert Guides

Finding Your Place in Madison: Neighborhoods Close to the City's Biggest Jobs
Written by: Mike Heuer
Madison, Wisconsin, is three communities in one. It is a college town that is home to the flagship university in the University of Wisconsin system.

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Madison is Wisconsin’s capital city and its second-largest city, with a population of more than 260,000.

Lakeshore to Lecture Hall: Finding Your Perfect Student Apartment in Madison, WI
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I am Mike, your guide to student housing in the Greater Madison, Wisconsin, area. Madison is a terrific city that also is the Capital of Wisconsin.

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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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