Cheap Apartments for Rent in the Old Market Place Neighborhood of Madison, WI from $400 (189 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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636 State St, Unit 302
$925
Total Monthly Price

Total Monthly Price

Base Rent
$925
Total Monthly Price
$925
Studio Apartment Available Now

636 State St, Unit 302

636 State StMadison, WI 53703
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Constellation
$1,199 - $2,999
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $2,999
Total Monthly Price
$1,199 - $2,999
Studio to 3 Bedroom Apartments Available Now

Constellation

10 N Livingston StMadison, WI 53703
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612 Howard Plz
$1,200 - $1,795
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Total Monthly Price

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$1,200 - $1,795
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$1,200 - $1,795
Studio to 2 Bedroom Apartment Available Aug 15

612 Howard Plz

612 Howard PlzMadison, WI 53703
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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.

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1149 E Dayton St, Unit 3
$1,200
Total Monthly Price

Total Monthly Price

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$1,200
Total Monthly Price
$1,200
1 Bedroom Apartment Available Oct 1

1149 E Dayton St, Unit 3

1149 E Dayton StMadison, WI 53703
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Bassett Walk
$1,200 - $1,600
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Total Monthly Price

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$1,200 - $1,600
Total Monthly Price
$1,200 - $1,600
Studio to 1 Bedroom Apartments Available Aug 16

Bassett Walk

506 W Main StMadison, WI 53703
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1237 E Johnson St, Unit 1237
$1,240
Total Monthly Price

Total Monthly Price

Base Rent
$1,240
Total Monthly Price
$1,240
1 Bedroom Apartment Available Aug 15

1237 E Johnson St, Unit 1237

1237 E Johnson StMadison, WI 53703
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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.

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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 1 Bed unit found at The Shield priced from $842. 126-128 S Franklin St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $929. Here are the most affordable Old Market Place apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
The ShieldA21BR,1BA$842
126-128 S Franklin St1 BR1BR,1BA$929
130 N Hancock StStudio, 1 bathStudio,1BA$990
106 S Hancock StStudioStudio,1BA$990
502 E Main StEfficiencyStudio,1BA$999
City RowA1 (50LMI Income Restricted)Studio,1BA$1,070
Courtyard Apartments0BR/1.0BAStudio,1BA$1,080
Jenifer PlaceStudioStudio,1BA$1,125
The Badger Den Apartments on GilmanWaunonaStudio,1BA$1,149

Best Value Apartments for Rent in Old Market Place, WI

As of August 07, 2026 the best value apartment in the Old Market Place area is the $1.87 price per square foot 2 Bedroom 1.5 Bathroom Model at Nichols Station Apartments in the in the The Isthmus neighborhood starting from $2,635. The second greatest value Old Market Place apartment is the Bedroom (Shared) Model at Pres House Apartments starting at $1,700 with a $1.37 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.
Nichols Station Apartments2 Bedroom 1.5 Bathroom2BR,1.5BA$1.87
Pres House ApartmentsBedroom (Shared)4BR,2BA$1.37
1144 E Mifflin St, Unit #21144 E Mifflin St3BR,1BA$1.64
916 E Gorham St3BR/1.0BA3BR,1BA$1.59
Hamilton Plaza2 Bed 2 Bath2BR,2BA$1.76
402 W Wilson StreetThe Allen - 60% AMI2BR,2BA$1.67
Galaxie High Rise Apartments1 Bed / 1 Bath1BR,1BA$1.90
822 E Dayton St, Unit 1822 E Dayton St2BR,1BA$1.89
Lincoln SchoolOne Bedroom1BR,1BA$1.68
The ShieldA21BR,1BA$1.18

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.

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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.

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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.

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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 #9

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!

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 $1,149.

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 $2,025.

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 69 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 $940 which is $1,085 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.

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