Cheap Apartments for Rent in the Old Market Place Neighborhood of Madison, WI from $400 (201 Rentals)

How Many Bedrooms?Done
Price OptionsDone
Price Range
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Finding Your Place in Madison: Neighborhoods Close to the City’s Biggest Jobs

Finding the right Madison apartment near work is easy. Browse our guide to the best neighborhoods for professionals, from State-Langdon to Bay Creek.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

close
View Me
403 W Wilson St, Unit 1
$1,095

Total Monthly Price

Base Rent$1,095

Total Monthly Price$1,095
Studio Apartment Available Now

403 W Wilson St, Unit 1

403 W Wilson StMadison, WI 53703
Affordability
close
View Me
129 E Gorham St
$1,100 - $2,500

Total Monthly Price

Base Rent$1,100 - $2,500

Total Monthly Price$1,100 - $2,500
Studio to 3 Bedroom Apartment Available Aug 15, 2027

129 E Gorham St

129 E Gorham StMadison, WI 53703
Affordability
  • Smoke Free
close
View Me
137 E Gorham St
$1,100 - $1,800

Total Monthly Price

Base Rent$1,100 - $1,800

Total Monthly Price$1,100 - $1,800
Studio to 2 Bedroom Apartment Available Now

137 E Gorham St

137 E Gorham StMadison, WI 53703
Affordability
  • Smoke Free

Madison's Best Affordable Neighborhoods

Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer

property at 109 E Gorham St
$1,150 - $1,995
Studio To 3 Bedroom Rentals
Available Now
Affordability

109 E Gorham St

MadisonWI53703
property at 11 N Franklin St
$1,175 - $1,275
1 Bedroom Rentals
Available Now
Affordability

11 N Franklin St

MadisonWI53703
close
View Me
109 E Gorham St
$1,195 - $1,995

Total Monthly Price

Base Rent$1,195 - $1,995

Total Monthly Price$1,195 - $1,995
Studio to 3 Bedroom Apartment Available Now

109 E Gorham St

109 E Gorham StMadison, WI 53703
Affordability
  • Smoke Free
close
View Me
Constellation
Rent Specials
$1,199 - $2,899

Total Monthly Price

Base Rent$1,199 - $2,899

Total Monthly Price$1,199 - $2,899
Studio to 3 Bedroom Apartments Available Now

Constellation

10 N Livingston StMadison, WI 53703
Transit Friendly
  • Verified
  • 3D Tour
  • Smoke Free
close
View Me
Bassett Walk
$1,200 - $1,500

Total Monthly Price

Base Rent$1,200 - $1,500

Total Monthly Price$1,200 - $1,500
Studio Apartments Available Soon

Bassett Walk

506 W Main StMadison, WI 53703
Transit Friendly
  • Verified
  • Utilities Included
  • 3D Tour

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

close
View Me
1237 E Johnson St, Unit 1237
$1,250

Total Monthly Price

Base Rent$1,250

Total Monthly Price$1,250
1 Bedroom Apartment Available Oct 1

1237 E Johnson St, Unit 1237

1237 E Johnson StMadison, WI 53703
Affordability
  • Smoke Free
close
View Me
133 E Gorham St
$1,295 - $2,400

Total Monthly Price

Base Rent$1,295 - $2,400

Total Monthly Price$1,295 - $2,400
1 to 3 Bedroom Apartment Available Aug 15, 2027

133 E Gorham St

133 E Gorham StMadison, WI 53703
Affordability
  • Smoke Free

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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 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 ListingModel NameBed/BathPriced From
148-150 E Gorham St148-150 E Gorham St - 3F Ro...1BR, 1BA$575
111 E Gorham St1 Bed, 1 Bath1BR, 1BA$700
509 N Lake StOne-Bed1BR, 1BA$850
Theory MadisonD94BR, 4BA$865
Courtyard Apartments0BR/1.0BAStudio, 1BA$895
Metropolitan ApartmentsStudio, 1 bathStudio, 1BA$900
126-128 S Franklin St1 BR1BR, 1BA$929
The Badger Den Apartments on GilmanWaunonaStudio, 1BA$949
135 East Johnson Street1BR/1.0BA1BR, 1BA$950
Gargano PropertiesstudioStudio, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1228 E Dayton St, Unit 21228 E Dayton St3BR, 1BA$1.36
Axton4BR/4BA - The Four C4BR, 4BA$1.01
Pres House ApartmentsBedroom (Shared)4BR, 2BA$1.37
22 N Hancock StTwo-Bedroom2BR, 1BA$1.33
803 Williamson St, Unit 301803 Williamson St2BR, 1BA$1.67
916 E Gorham St2BR/1.0BA2BR, 1BA$1.36
Collegiate Campus Apartments4 Bedroom 2 Bath City Views (7th/8th Floor)4BR, 2BA$1.04
The Hamilton2BR/1.0BA2BR, 1BA$1.65
The BreeseT1 Floor Plan (50LMI Income Restricted)2BR, 1BA$1.66
509 N Lake StOne-Bed1BR, 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 Article
Decorative image

Don'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 Article
Decorative image

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article

Real 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

decorative image of woman handing cat to small boy

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

decorative image for Finding Your Place in Madison: Neighborhoods Close to the City's Biggest Jobs article

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.

decorative image for An Insider's Guide to 6 Reasons Why Locals Love Renting in Madison, Wisconsin   article

An Insider's Guide to 6 Reasons Why Locals Love Renting in Madison, Wisconsin

Written by: Mike Heuer

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

decorative image for Lakeshore to Lecture Hall: Finding Your Perfect Student Apartment in Madison, WI article

Lakeshore to Lecture Hall: Finding Your Perfect Student Apartment in Madison, WI

Written by: Mike Heuer

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.

decorative image for The Expert's Guide To 10 Budget-Friendly Neighborhoods to Rent in Madison article

The Expert's 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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for How Commercial-to-Residential Property Conversions Help the Housing Crisis   article

How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.