Cheap Apartments for Rent in the Old Market Place Neighborhood of Madison, WI from $400 (176 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
$1,050 - $2,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,050 - $2,700
Total Monthly Price
$1,050 - $2,700
Studio to 3 Bedroom Apartment Available Now

636 State St

636 State StMadison, WI 53703
Affordability
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Capital Park Apartments
$1,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Required Monthly Fees
$50
Total Monthly Price
$1,100
1 Bedroom Apartments Contact Us For Availability

Capital Park Apartments

502 E Main StMadison, WI 53703
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
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Parkview Apartments
Rent Specials
$1,150 - $2,010
Total Monthly Price

Total Monthly Price

Base Rent
$1,115 - $1,975
Required Monthly Fees
$35
Total Monthly Price
$1,150 - $2,010
Studio to 2 Bedroom Apartments Available Now

Parkview Apartments

746 W Main StMadison, WI 53715
Corporate Housing
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  • Customer Reviewed
  • Utilities Included
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137 E Gorham St
$1,150 - $1,800
Total Monthly Price

Total Monthly Price

Base Rent
$1,150 - $1,800
Total Monthly Price
$1,150 - $1,800
Studio to 2 Bedroom Apartment Available Aug 15, 2027

137 E Gorham St

137 E Gorham StMadison, WI 53703
Affordability
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121 N Hancock St
$1,195 - $1,425
Total Monthly Price

Total Monthly Price

Base Rent
$1,195 - $1,425
Total Monthly Price
$1,195 - $1,425
Studio to 1 Bedroom Apartment Available Jun 1

121 N Hancock St

121 N Hancock StMadison, WI 53703
Affordability
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property at 219 E Mifflin St

$1,200 - $2,450

1 To 3 Bedroom Rentals

Available Aug 15

219 E Mifflin St

MadisonWI53703

Madison's Best Affordable Neighborhoods

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

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Roundhouse Apartments
$1,250 - $1,685Studio to 1 Bedroom Apartments Contact Us For Availability

Roundhouse Apartments

626 Langdon StMadison, WI 53703
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  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 106 S Hancock St priced from $890. 632 Howard Place has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable Old Market Place apartments for rent in Madison, WI:

Apartment ListingModel NameBed/BathPriced From
106 S Hancock StStudioStudio,1BA$890
632 Howard Place632 Howard Place - 304Studio,1BA$895
421 W Gilman St421 Gilman 1 Bedroom1BR,1BA$990
The ShieldA11BR,1BA$1,011
Varsity Campus Apartments4-Bedroom, 2-Bath4BR,2BA$1,065
City Row ApartmentsA4 (50LMI Income Restricted)Studio,1BA$1,070
Langdon Hall ApartmentsStudiosStudio,1BA$1,085
Courtyard Apartments0BR/1.0BAStudio,1BA$1,090
Jenifer PlaceStudio (8/1/26)Studio,1BA$1,110

Best Value Apartments for Rent in Old Market Place, WI

As of March 24, 2026 the best value apartment in the Old Market Place area is the $1.40 price per square foot 813 Williamson St Model at 813 Williamson St, Unit #1 in the in the The Isthmus neighborhood starting from $2,100. The second greatest value Old Market Place apartment is the 453 W Mifflin St Model at 453 W Mifflin St, Unit 1 starting at $1,845 with a $1.38 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.
813 Williamson St, Unit #1813 Williamson St3BR,1BA$1.40
453 W Mifflin St, Unit 1453 W Mifflin St3BR,1BA$1.38
857 E Gorham St, Unit 857857 E Gorham St3BR,1BA$1.46
Pres House ApartmentsBedroom (Shared)4BR,2BA$1.37
114 S Blair St114 S Blair St2BR,1BA$1.36
950 Jenifer St, Unit 2950 Jenifer St2BR,1BA$1.62
229 Lakelawn *Student Housing*4 Bedroom 26-27 School Year / Room4BR,3BA$1.18
Collegiate Campus Apartments3 Bedroom 2 Bath Lake Views (7th/8th Floor)3BR,2BA$0.74
17 N Bassett St17 N Bassett St1BR,1BA$1.46
315 N Blair St, Unit 3315 N Blair St1BR,1BA$1.47

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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

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Pet Friendly Lifestyle
Old Market Place, Madison, WI

Ranked #12

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 $1,110.

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

The cheapest apartment in Old Market Place is 421 W Gilman St which is listed at $990, while the average apartment in Old Market Place costs $2,650.

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 323 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 $955 which is $1,695 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.

Articles, How-To's, and Tips

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Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Madison

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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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

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