Cheap Apartments for Rent in 53703
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PET FRIENDLY$999 - $1,099/mo
Studio-1 Bed
1 BathMAY RENT FREE - Sign on this Studio today! | 135 S Hancock St,
Madison, WI 53703
PET FRIENDLY$999 - $1,225/moStudio-1 Bed1 BathStudio Available Now! ~Blocks from the Capitol Square~ | 126 S Franklin St,
Madison, WI 53703
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SPECIAL OFFER$1,099 - $1,799/moStudio-3 Beds1-2 BathsThe Badger Den Apartments on Gilman | 115 E Gilman St,
Madison, WI 53703
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Average Rent Trends in 53703
Rent in 53703 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in Aug 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,850 |
| Oct 2025 | $1,995 |
| Nov 2025 | $1,850 |
| Dec 2025 | $1,795 |
| Jan 2026 | $1,700 |
| Feb 2026 | $1,688 |
| Mar 2026 | $1,700 |
| Apr 2026 | $1,723 |
| May 2026 | $1,750 |
| Jun 2026 | $1,780 |
| Jul 2026 | $1,785 |
| Aug 2026 | $1,775 |
Average Rent By Bedroom and Home Type
In August 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,449 | $2,000 | $2,300 | $3,095 | $1,795 |
| Townhomes | — | — | — | $3,000 | $3,050 |
| Apartments and Condos | $1,395 | $1,978 | $2,299 | $3,449 | $1,795 |
| Houses | $5,132 | $2,550 | $2,454 | $2,100 | $2,454 |
Frequently Asked Questions about Rentals in 53703
- What is the average rent of an apartment in 53703?The average rent of an apartment in 53703 is $1,731 per month. This is about 12% lower than the national average.
- When is the average rent cheapest in 53703?In the last year, the average rent in 53703 was lowest in Jan 2025 when it was $1,690 per month.
- When is the average rent most expensive in 53703?In the last year, the average rent in 53703 was highest in Oct 2025 when it was $1,995 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 53703?The average rent of a 1 bedroom apartment in 53703 is $1,449 per month. That is about $224 more than the cost of a studio apartment.
- How many available rental listings are in 53703?There are 266 available rental listings in 53703.
- What are some cities near 53703?Some nearby cities include: Madison, Maple Bluff, Monona, Shorewood Hills, Westport, Blooming Grove. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 53703 - 1,051 Rentas | Trulia