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105 1/2 State St
(608) 480-1653
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NoVo
(608) 906-0271
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214 N Pinckney St
(608) 807-5108
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Madison Capitol Penthouse
(612) 308-6434
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101 - 105 1/2 State Street
(608) 575-6515
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Capitol Hill
(844) 937-0578
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124 East Gorham (& 116 E Gorham) Street, Parking Lot
(608) 255-3753
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The Pressman
(844) 937-0578
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209 E. Mifflin St
(608) 255-3753
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116-118 E. Dayton St.
(608) 255-3064
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219 E Mifflin St
(608) 255-3753 ext: 105
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222 N Pinckney St
(608) 241-4449 ext: 881
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210 State St
(608) 292-2720
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304 N. Carroll St. #4
(608) 698-8784
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304 N Carroll St
(608) 698-8784
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306 West
(608) 257-1440
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222 State St
(608) 602-7715
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135 E Johnson St
(608) 631-5385
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The Madison Mark
(608) 268-1384
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309 N Pinckney St
(608) 219-2787
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312 North Carroll
(608) 334-2010
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118 W Johnson St
(608) 255-8633
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106 S Hancock St
(608) 257-1000
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110 S Hancock St
(608) 819-6500
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The Continental - Live Timelessly
(608) 422-4087
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151 East Wilson
(608) 856-3287
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15 N Hancock St
(608) 580-5609
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20 E. Gorham Street
(608) 772-4356
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407 Wisconsin Avenue
(608) 772-4356
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24 E. Gorham
(608) 772-4356
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Apartments in Downtown Madison

1 of 278 Results
7
$945
105 1/2 State St
Madison, WI
1 BR | Aug. 16, 2023
Contact
Heat Included
Dishwasher
Fireplace
Capitol
23
3D Tour
$2,000 - 3,675
NoVo
4.2
216 S Pinckney St Madison, WI
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Virtual Tour
Income Restricted
Air Conditioning
7
$1,050
214 N Pinckney St
Madison, WI
1 BR | Aug. 15, 2023
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Student
House
Air Conditioning
Capitol
21
$9,000
Madison Capitol Penthouse
100 Wisconsin Ave #1200 Madison, WI
3 BR | Ask for Availability
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Air Conditioning
Covered Parking
In Unit Laundry
Balcony, Deck, Patio
Storage
23
3D Tour
$900 - 1,300
101 - 105 1/2 State Street
Madison, WI
Studio - 1 BR | Available Now
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Heat Included
Virtual Tour
Air Conditioning
Capitol
14
$1,490 - 1,525
Capitol Hill
123 East Mifflin Street Madison, WI
1 BR | Available Now
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Heat Included
Cat Friendly
Virtual Tour
Air Conditioning
Surface Parking
1
$800
124 East Gorham (& 116 E Gorham) Street, Parking Lot
Madison, WI
Studio | Available Now
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Cat Friendly
Storage
Disability Access
Dishwasher
Capitol
21
3D Tour
$3,250
The Pressman
117 South Hamilton Street Madison, WI
2 BR | Available Now
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Heat Included
Dog Friendly
Cat Friendly
Virtual Tour
In Unit Laundry
6
$275
209 E. Mifflin St
Madison, WI
Studio | Available Now
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Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Capitol
29
$1,550 - 1,585
116-118 E. Dayton St.
116-118 E Dayton Madison, WI
1 - 3 BR | Aug. 15, 2023
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Heat Included
Dog Friendly
Cat Friendly
Surface Parking
In Unit Laundry
16
$1,050
219 E Mifflin St
Madison, WI
1 BR | Aug. 15, 2023
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Cat Friendly
Balcony, Deck, Patio
Storage
Dishwasher
Capitol
1
$1,010 - 1,275
222 N Pinckney St
Madison, WI
1 - 2 BR | Aug. 15, 2023
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Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Disability Access
7
$1,400 - 2,175
210 State St
Madison, WI
2 - 3 BR | Available Now
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Dog Friendly
Air Conditioning
Den
Capitol
1
$700
304 N. Carroll St. #4
Deal
Madison, WI
1 BR | Available Now
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Student
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
Dishwasher
3
$1,775
304 N Carroll St
Deal
Madison, WI
3 BR | Available Now
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Student
House
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
18
3D Tour
$1,400 - 3,500
306 West
4.3
306 W Main St Madison, WI
1 - 2 BR | Available Now
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Furnished
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
4
$1,425
222 State St
222 State St Madison, WI
Studio | Aug. 16, 2023
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Air Conditioning
Surface Parking
In Unit Laundry
Balcony, Deck, Patio
Storage
3
$995 - 1,100
135 E Johnson St
Madison, WI
1 BR | Available Now
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Dog Friendly
Cat Friendly
Disability Access
Capitol
30
$2,495 - 3,200
The Madison Mark
2.8
132 E Wilson St Madison, WI
2 BR | Available Now
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Furnished
Dog Friendly
Cat Friendly
Income Restricted
Section 8
1
$550 - 975
309 N Pinckney St
Madison, WI
1 BR | Aug. 15, 2023
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Cat Friendly
Surface Parking
Balcony, Deck, Patio
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Disability Access
1
$2,400 - 5,400
312 North Carroll
Madison, WI
4 - 8+ BR | Ask for Availability
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Heat Included
Student
House
Dishwasher
Capitol
1
$725 - 1,895
118 W Johnson St
Madison, WI
1 - 4 BR | Ask for Availability
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Air Conditioning
Dishwasher
Capitol
3
$930
106 S Hancock St
3.0
Madison, WI
Studio | Aug. 1, 2023
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Heat Included
Cat Friendly
Virtual Tour
Storage
Capitol
15
$1,040
110 S Hancock St
Madison, WI
Studio - 1 BR | Aug. 16, 2023
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Heat Included
Cat Friendly
Student
Balcony, Deck, Patio
Storage
17
3D Tour
$1,900 - 4,300
The Continental - Live Timelessly
408 E Washington Ave Madison, WI
Studio - 2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
12
3D Tour
$1,375 - 4,150
151 East Wilson
2.3
151 E Wilson Madison, WI
Studio - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
5
$750 - 925
15 N Hancock St
15 N Hancock St Madison, WI
Studio - 1 BR | Aug. 1, 2023
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Capitol
8
$1,400 - 2,000
20 E. Gorham Street
Madison, WI
2 - 3 BR | Available Now
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Dishwasher
Capitol
16
$320 - 560
407 Wisconsin Avenue
Madison, WI
Studio | Available Now
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Capitol
1
$630 - 1,900
24 E. Gorham
Madison, WI
Studio - 3 BR | Available Now
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Capitol
1 - 30 of 278 Results
  1. Home
  2. Madison
  3. Downtown

How much does it cost to rent an apartment in Madison?

Madison Apartments
Bed Type Average Rent Range
Studio $1,020 $600 - $1,680
1BR $1,490 $830 - $2,330
2BR $1,680 $930 - $3,580
3BR $2,000 $1,230 - $3,500
4+BR $2,500 $410 - $7,000
Frequently Asked Questions

How many apartments are available in Madison, WI on Rentable.co?

Rentable.co has over 36,238 apartments available in Madison.

What is the average rent for a studio apartment in Madison, WI?

The average rent for a studio apartment in Madison is around $1,020 per month.

What is the average rent for a one-bedroom apartment in Madison, WI?

The average rent for a one-bedroom apartment in Madison is around $1,490 per month.

What is the average rent for a two-bedroom apartment in Madison, WI?

The average rent for a two-bedroom apartment in Madison is around $1,680 per month.

How expensive is living in Madison, WI?

Based on average rent prices in Madison, to afford a studio apartment you would need an annual salary of $41,000 to live comfortably.

Downtown Neighborhood Summary

Madison is a great city with lots of great neighborhoods to live in and fun places to hang out. And the heart of the city is downtown. This neighborhood epitomizes this progressive Midwestern town defined by its fantastic dining, shopping, entertainment, and parks.

Asset 2
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Madison:
March Rent Report

Welcome to the March 2023 Madison Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2023 key findings and figures for the Madison rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Madison and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Madison average rent prices in the chart below.

Monthly Rent Report

Madison Rent Prices Increase From February to March

Madison rent prices increased over the last month. From February to March, the city experienced a 5.95% increase for the price of a one-bedroom apartment. The rent price for a Madison one-bedroom apartments currently stands at $1,247.0.

When we take a look at the two-bedroom comparison from February to March, Madison experienced a 3.56% increase for the price of a two-bedroom apartment. The rent price for a Madison two-bedroom apartments currently stands at $1,514.0.

March Prices: Madison vs. Surrounding Areas

Rent Prices in Madison and Surrounding Areas

Rent prices have increased in Madison over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 6 of the Madison suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Fitchburg, WI, Cottage Grove, WI, Middleton, WI, Waunakee, WI, Verona, WI, De Forest, WI .

  • Rent decreased in Sun Prairie, WI.

  • 3 suburbs are currently priced higher than the city of Madison.

  • 4 suburbs are currently priced lower than the city of Madison.

March 2023 Pricing Trends: Madison vs. National Comparisons

Madison Rent Prices More Affordable Than Major Cities

Rent growth in Madison over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Madison average rent prices appear to be relatively affordable for local residents.

The price for a Madison one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Madison and surrounding area rent prices, take a look at the complete data set below.

Data set for Madison and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
Madison, WI $1,177.0 4.34% $1,462.0 1.04%
Fitchburg, WI $1,210.0 0.33% $1,371.0 0.00%
Sun Prairie, WI $1,304.0 -0.69% $1,443.0 -1.90%
Cottage Grove, WI $1,185.0 0.25% $1,740.0 0.87%
Middleton, WI $1,475.0 4.02% $1,950.0 -0.21%
Waunakee, WI $1,230.0 0.66% $1,700.0 0.00%
Verona, WI $1,105.0 1.47% $1,335.0 0.53%
De Forest, WI $1,505.0 0.20% $1,949.0 -0.66%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.