1 Day Ago
Highlights
Pet Friendly
Location
5021 Old Middleton Rd, Madison, WI 53705, USA
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Property Overview
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- Images Available
Great for
Pet owners
Floor plans
| 10 | 2 bed | 1 bath | $1,050–$1,300 /mo |
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Amenities for Terrace View Apartments
Apartment Amenities
| Bathtub | Carpet |
| Ceiling Fan | Dining Room |
| Freezer | Heat Included |
| Living Room | Sewer Included |
| Water Included |
Appliances
| Range/Oven | Refrigerator |
Tech
| Cable Ready | High-Speed Internet |
Building
| Cats OK | Controlled Access |
| Dogs OK | Intercom System |
| Onsite Laundry |
Grounds
| Assigned Parking | Off-Street Parking |
| Pet-Friendly Community |
Services
| Income Restricted | On-Site Maintenance |
| Trash Removal Included | Virtual Walkthrough |
Neighborhood
| Near Grocery Store | On Bus Line |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
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Base Rent
Monthly rent payment
$1,050–$1,300
OPTIONAL FEES
Dog Policy
Allowed
Limit1
Cat Policy
Allowed
Limit1
Cat
Pet Rent
Monthly. 1 cat max.
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Dog
Pet Rent
Monthly. 1 dog max.
Contact Property
Questions about this property’s policies and fees?
Building details
Property details
| Year built | 1966 |
|---|---|
| Units | 16 |
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About Terrace View Apartments
Terrace View Apartments is a Madison Apartment located at 5021 Old Middleton Road. The property features a 2 BR rental unit available starting at $1050. Amenities include Dogs Ok, Cats Ok, and Pet Friendly Community. Heat Included, Water Included, and Trash Removal Included included. Off-Street Parking parking available. Contact us for a showing.
Year Built: 1966
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.2
/10
Very GoodWith a solid 8.2 out of 10 overall, Terrace View Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Terrace View Apartments has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, Terrace View Apartments is a great option for renters looking for apartments in this neighborhood. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Terrace View Apartments stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Terrace View Apartments is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Terrace View Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Terrace View Apartments provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Terrace View Apartments is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How Terrace View Apartments compares to other nearby properties.
Positives
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Images Available
- There are at least 10 photos of this address
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
- Fewer storage options
- Limited cabinet or closet space
- No in-unit dishwasher
- Dishwashers aren't available
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Rent trends in Madison
2-bedroom apartments at Terrace View Apartments cost about 38% less than the average rent price for 2-bedroom apartments in Madison.
Median rents as of Oct 11 2025.
Madison
| Month | Median Rent |
|---|---|
| October 2023 | $1,160 |
| November 2023 | $1,236 |
| December 2023 | $1,150 |
| January 2024 | $1,150 |
| February 2024 | $1,150 |
| March 2024 | $1,256 |
| April 2024 | $1,225 |
| May 2024 | $1,257 |
| June 2024 | $1,293 |
| July 2024 | $1,363 |
| August 2024 | $1,345 |
| September 2024 | $1,313 |
| October 2024 | $1,177 |
| November 2024 | $1,205 |
| December 2024 | $1,250 |
| January 2025 | $1,248 |
| February 2025 | $1,311 |
| March 2025 | $1,304 |
| April 2025 | $1,343 |
| May 2025 | $1,334 |
| June 2025 | $1,361 |
| July 2025 | $1,391 |
| August 2025 | $1,281 |
| September 2025 | $1,140 |
| October 2025 | $1,166 |
Affordability calculator
Can I afford to live at 5021 Old Middleton Rd?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$42,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $42,000 annually to afford this 2-bedrooms monthly rent price of $1,050.
For more information on rent affordability, visit our rent calculator.
Schools near Terrace View Apartments
Van Hise Elementary School
4747 waukesha st
madison, WI, 53705
K-5Public
A
4K PK Off Site
545 w dayton st
madison, WI, 53703
PKPublic
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Internet available near Terrace View Apartments
Getting around Madison near 5021 Old Middleton Rd
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
6/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
4/10
There are a few mass transit options within the area.
Points of interest for 5021 Old Middleton Rd, Madison
Groceries
8/10
At least one grocery store within a 15-minute walk
Shopping
6/10
Variety of shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
7/10
At least one high school within a 20-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
4/10
Few or no bars within walking distance
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