Cheap Apartments for Rent in the Old Market Place Neighborhood of Madison, WI from $400 (120 Rentals)

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

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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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625 on Langdon
2 to 5 Bedroom Apartments

625 on Langdon

625 Langdon StMadison, WI 53703
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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 3 Beds unit found at Hub on Campus Madison priced from $730. 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
Hub on Campus Madison3X5D33BR,3BA$730
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$750
The ShieldA21BR,1BA$842
Hellenbrand ApartmentsStudio--111 S BassettStudio,1BA$850
Capital Park ApartmentsEfficiencyStudio,1BA$999
Langdon Hall ApartmentsStudiosStudio,1BA$1,040
Parkview Apartmentsstudios (745)Studio,1BA$1,150
632 Howard Place632 Howard Place - 201Studio,1BA$1,150
The ConstellationEfficiency - Income restrictedStudio,1BA$1,255
22 DaytonStudios-July 1stStudio,1BA$1,275

Best Value Apartments for Rent in Old Market Place, WI

As of May 28, 2025 the best value apartment in the Old Market Place area is the $2.20 price per square foot 3BR+Loft Penthouse Model at LaCiel in the in the The Isthmus neighborhood starting from $3,795. The second greatest value Old Market Place apartment is the Two Bedroom Two Bathroom Model at The Pressman starting at $3,120 with a $1.99 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.
LaCiel3BR+Loft Penthouse3BR,2BA$2.20
The PressmanTwo Bedroom Two Bathroom2BR,2BA$1.99
Waterfront3 Bed, 2 Bath3BR,2BA$1.04
Pres House ApartmentsBedroom A,B,C,D (Individual)4BR,2BA$0.64
306 WestTwo-Bedroom2BR,1BA$2.03
Yahara Landing ApartmentsMaple2BR,2BA$1.79
Hub on Campus Madison2X2L2BR,2BA$1.83
Williamson Place2BR/1BA2BR,1BA$1.65
Nichols Station ApartmentsOne Bedrooms1BR,1BA$1.75
Washington PlazaOne Bedroom1BR,1BA$2.19

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.

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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 $1,275.

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 $2,799.

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 154 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 $738 which is $2,061 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 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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.