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Updated over 1 month ago
Contact property manager for current availability

126 S Franklin St


Madison, WI

1 Bed
1 Bath

450 Sq. Ft.

Available Now
Studio • 1 Bath
Size: N/A
0 Available

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Studio • 1 Bath
$739 - $935
350 ft2
0 Available

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1 Bed • 1 Bath
450 ft2
1 Available

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Available Now
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Where you'll live
Street View
Map View
Satellite View
Location ratings
Walk Score®
Walker's Paradise
Transit Score®
Good Transit
Bike Score®
Biker's Paradise
On-site Laundry
Heat Included
Air Conditioning
Garbage Disposal
Trash Removal Included
Controlled Access
On Bus Line
Water Included
Electric Included
Range / Oven
Bath Tub
Online Payments
Sewer Included
Fees & leasing info
Cats Ok
Breed Restrictions:

Cats Welcome

Number Limit:

Max 2 Cats

Pet Rent:

$25 per cat per month

Surface Parking
Off-street Parking
Near Public Charging Station
More Info:

$130/month Surface Parking

Lease & Fees
Security Deposit: Equal to One Month's Rent
Lease Length: 12 Months
Property details

3 Blocks from Capitol Square in First Settlement Neighborhood
Easy Access to all of Downtown Madison
ALL UTILITIES INCLUDED!! (heat, electric, water, sewer, and trash removal)
Cats Welcome
On-site Laundry - Coin Operated
Online Payment Option
24-Hour Emergency Maintenance

Additional Details
Year Built: 1969
Total Unit Count: 24
Last Updated: Updated over 1 month ago
Contact Number: (608) 413-2317
Property manager information
Colonial Property Management
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Office Hours
Monday: 11:00 AM - 4:00 PM
Tuesday: 11:00 AM - 4:00 PM
Wednesday: 11:00 AM - 4:00 PM
Thursday: 11:00 AM - 4:00 PM
Friday: 11:00 AM - 4:00 PM
Saturday: By Appointment
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Photos Floor Plans Amenities
Located in the vibrant First Settlement neighborhood of Madison, the rental property at 126 S Franklin St offers convenience and comfort. Managed by Colonial Property Management, this apartment complex is just three blocks away from Capitol Square and provides easy access to all the attractions of Downtown Madison.

Built in 1969, this property offers two floor-plan types: studio and 1-bedroom units. The unit sizes range from a cozy 350 square feet to a more spacious 700 square feet, ensuring there is an option to suit different preferences.

One of the standout features of this property is that all utilities - including heat, electric, water, sewer, and trash removal - are included in the rent. This makes budgeting easier and eliminates the hassle of setting up and paying multiple utility bills.

Residents of 126 S Franklin St enjoy a host of amenities designed for convenience and comfort. These include air conditioning, surface parking, a dishwasher, controlled access for added security, and the option to pay rent online. On-site laundry facilities, which are coin-operated, offer convenience for residents.

If you have a feline companion, you'll be pleased to know that cats are welcome in this pet-friendly complex. Additionally, the property management offers 24-hour emergency maintenance, ensuring that any issues are promptly addressed.

With its fantastic location, inclusive utilities, and thoughtful amenities, 126 S Franklin St is an ideal place to call home for those looking to experience the vibrant lifestyle of downtown Madison.
This area is an association of historic downtown neighborhoods surrounding the Wisconsin State Capitol: Bassett, Mifflin West, First Settlement, Mansion Hill, and James Madison Park. A mix of big city and residential streets, here you can find award winning restaurants, bars, cafes, shops, local theaters, and museums.
Data provided by GreatSchools
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 126 S Franklin St by bedroom type below.
1 Bedroom
Suggested income:
per year
Rent report

126 S Franklin St Rent vs. Madison Average

 126 S Franklin St      Madison Average

126 S Franklin St is asking 26% less than the average 1 bedroom apartment in Madison.

If you upsized to an average priced Madison 2 bedroom apartment, you would pay 22% more per month.

If you downsized to an average priced Madison studio apartment, you would pay 22% less per month.

126 S Franklin St provides 36% less square footage than the average Madison 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
126 S Franklin St
1BR $1,195 $2.70 $3,585
Madison Average
Studio $1,330 $2.90 $3,989
1BR $1,624 $2.30 $4,873
2BR $2,094 $2.00 $6,282
3BR $2,390 $1.70 $7,170
4BR $2,226 $1.50 $6,679

Availability in Madison

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 2,101 2BR units on the market in Madison. If you're looking to negotiate, this may be your best option.

14% 33% 39% 11% 2%
Available Units in Madison
Studio 735
1BR 1,779
2BR 2,101
3BR 566
4BR 112
Nearby Colleges
Campus Buildings and Attractions
Distance Walking Biking Driving
Mifflin 1.0 mi 19 min 10 min 3 min
State/Langdon 1.1 mi 21 min 7 min 3 min
Kohl Center 1.3 mi 25 min 8 min 3 min
East Campus Mall 1.3 mi 25 min 10 min 4 min
Memorial Union 1.5 mi 29 min 10 min 4 min
Nearby Hospitals
Name Distance
Select Specialty Hospital Madison 1.31 mi.
Unitypoint Health Meriter 1.43 mi.
St Marys Hospital Madison 1.68 mi.
Nearby Fire Stations
Name Distance
Madison Fire Department 0.62 mi.
Marquette Volunteer Fire Department 1.43 mi.
City Of Monona Fire Department 2.42 mi.
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in now.
What's the square footage of the available units?
It's 450 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats.
How many bedrooms are in the available units?
There are 1 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
126 S Franklin St has a 1 bedroom unit starting at $1,195.
Where is this property located?
This property is at 126 S Franklin St in Madison, WI. It's 0.8 miles east from the center of Madison.
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