Cheap Apartments for Rent in the Old Market Place Neighborhood of Madison, WI from $400 (131 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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The Art of the Rental Viewing: What to look for during a property tour

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Madison's Best Affordable Neighborhoods

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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. Hub on Campus Madison has the second lowest priced unit, which is a 3 Beds apartment currently listed from $742. 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
Hub on Campus Madison3X5D33BR,3BA$742
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$750
The ShieldA21BR,1BA$842
Capital Park ApartmentsEfficiencyStudio,1BA$999
Courtyard Apartments, LLC.0BR/1.0BAStudio,1BA$1,025
Parkview Apartmentsstudios (745)Studio,1BA$1,150
The ConstellationEfficiency - Income restrictedStudio,1BA$1,189
The BreeseT1 Floor Plan (50LMI Income Restricted)2BR,1BA$1,365
Chapter at Madison1BR/1BA - A21BR,1BA$1,389

Best Value Apartments for Rent in Old Market Place, WI

As of July 13, 2025 the best value apartment in the Old Market Place area is the $1.99 price per square foot Two Bedroom Two Bathroom Model at The Pressman in the in the The Isthmus neighborhood starting from $3,120. The second greatest value Old Market Place apartment is the Bedroom A,B,C,D (Individual) Model at Pres House Apartments starting at $750 with a $0.64 price per square foot in the Downtown Madison 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.
The PressmanTwo Bedroom Two Bathroom2BR,2BA$1.99
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$0.64
306 WestTwo-Bedroom2BR,1BA$2.03
Yahara Landing ApartmentsMaple2BR,2BA$1.79
402 W Wilson Street2/22BR,2BA$1.58
Hub on Campus Madison2X2L2BR,2BA$1.85
Williamson Place2BR/1BA2BR,1BA$1.65
Bel Mora1 Bedroom 1 Bath1BR,1BA$2.13
Avenir ApartmentsOne Bed1BR,1BA$1.88
16 N Broom St, Unit 316 N Broom St2BR,1BA$2.02

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Pet Friendly Lifestyle
Old Market Place, Madison, WI

Ranked #14

Among neighborhoods in Madison, WI 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 $1,389.

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

The cheapest apartment in Old Market Place is The Shield which is listed at $842, while the average apartment in Old Market Place costs $3,082.

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 170 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 $897 which is $2,185 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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.