Cheap Homes for Rent in the Old Market Place Neighborhood of Madison, WI from $1,300 (18 Rentals)

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Search the lowest-cost Homes 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.

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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.

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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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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
502 E Main StEfficiencyStudio,1BA$999
Greenspire Wilson Apartments0BR/1.0BAStudio,1BA$1,050
City RowA1 (50LMI Income Restricted)Studio,1BA$1,070

Best Value Apartments for Rent in Old Market Place, WI

As of July 29, 2026 the best value apartment in the Old Market Place area is the $1.76 price per square foot 3 Bed / 2 Bath Model at Galaxie High Rise Apartments in the in the The Isthmus neighborhood starting from $2,999. 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.
Galaxie High Rise Apartments3 Bed / 2 Bath3BR,2BA$1.76
Pres House ApartmentsBedroom (Shared)4BR,2BA$1.37
916 E Gorham St3BR/1.0BA3BR,1BA$1.41
822 E Dayton St, Unit 1822 E Dayton St2BR,1BA$1.89
Bedford Crossing1BR/1.0BA1BR,1BA$1.98
Lincoln SchoolOne Bedroom1BR,1BA$1.68
City Gables ApartmentsOne-Bedroom1BR,1BA$2.06
The ShieldA21BR,1BA$1.18
Towers on State2BR/1BA - B12BR,1BA$1.82
421 Washburn Pl, Unit 1421 Washburn Pl1BR,1BA$1.58

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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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 #10

Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Old Market Place

What type of rentals are currently available in Old Market Place?

There are currently 477 Apartments for Rent in Old Market Place, WI with pricing that ranges from $803 to $14,130. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Market Place ranging from $1,350 to $4,250.

What is the current price range for Rental Homes in Old Market Place?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Old Market Place ranges from $1,350 to $4,250 with an average monthly rent of $2,446.

How much are larger Three and Four Bedroom Rentals in Old Market Place?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Old Market Place range from $1,000 to $14,130, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $4,250. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $865.

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

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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.

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

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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.

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The Expert's Guide To 10 Budget-Friendly Neighborhoods to Rent in Madison

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