Zumper
modified
1 Day Ago

Highlights

  • Pet Friendly
  • Generous closet space
  • Ample storage space
  • Large walk in closet
  • Pet-friendly
  • Common area kitchen
  • Pristine wood floors

Location

240 W Lakelawn Pl, Madison, WI 53703, USA
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Contact

Management

43 NORTH APARTMENTS

Leasing office

(844) 284-9985 ext. 7836

Property Overview

240 West Lakelawn Place offers excellent value with a high overall expert rating, top-tier price score, and strong marks for amenities, location, and trustworthiness. Generous closet and storage space, pristine wood floors, a pet-friendly policy, and a common area kitchen contribute to comfortable living, while extensive photos help set clear expectations. The property is also well-suited to an active social life and remote work, with abundant nearby dining, cultural, recreation, and coworking options plus multiple internet providers and high-speed service.

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.

Zumper Expert Rating

8.6
Very Good
With a solid 8.6 out of 10 overall, 240 West Lakelawn Place is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 240 West Lakelawn Place has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • Images Available

Great for

  • Social life
  • Work-from-home

Floor plans

240 West Lakelawn Place - 5Studio1 bath245 sqft$995 /moWelcome to 240 W. Lakelawn Place - Unit 5, a spacious studio layout, accompanied by an array of sought-after amenities - pristine wood floors, generous closet space, and ample storage space thoughtfully provided to cater to your needs. Located in close proximity to Lake Mendota, Memorial Union, and UW-Campus, this apartment offers the perfect blend of comfort and convenience for residents looking for close proximity to UW-Campus. Moreover, this unit is pet-friendly, welcoming your beloved companions to this inviting space. PLEASE NOTE: UNITS 3-8 SHARE A COMMON AREA KITCHEN BUT HAVE A CONVECTION OVEN AND MINI FRIDGE IN UNIT.
240 West Lakelawn Place - 41 bed1 bath400 sqft$1,100 /moWelcome to 240 W. Lakelawn Place - Unit 4, a spacious one bed and one bath layout, accompanied by an array of sought-after amenities - pristine wood floors, generous closet space, and ample storage space thoughtfully provided to cater to your needs. Located in close proximity to Lake Mendota, Memorial Union, and UW-Campus, this apartment offers the perfect blend of comfort and convenience for residents looking for close proximity to UW-Campus. Moreover, this unit is pet-friendly, welcoming your beloved companions to this inviting space. PLEASE NOTE: UNITS 3-8 SHARE A COMMON AREA KITCHEN BUT HAVE A CONVECTION OVEN AND MINI FRIDGE IN UNIT.

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Amenities for 240 West Lakelawn Place

Tech

High-Speed Internet

Building

Cats OKDogs OK
Onsite Laundry

Grounds

Lake AccessStorage

Services

Availability 24 Hours
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.

Contact Property

OPTIONAL FEES

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Cat

Pet Terms

1 cat max.

Dog

Pet Terms

1 dog max.

Questions about this property’s policies and fees?

Building details

Property details

Units2
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About 240 West Lakelawn Place

HomeApartments in Madison 240 West Lakelawn Place

240 W. Lakelawn Place - Unit 1 offers an extremely spacious one bedroom and one bathroom layout, while providing all of the extra amenities that one would want. Enjoy pristine wood floors, large walk in closet, and a gallery kitchen while living steps from Lake Mendota, Memorial Union, and the rest of UW-Campus. Moreover, this unit is pet-friendly, welcoming your beloved companions to this inviting space.


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.
8.6
/10
Very Good
With a solid 8.6 out of 10 overall, 240 West Lakelawn Place is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 240 West Lakelawn Place has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 240 West Lakelawn Place
Price·10A 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.
240 West Lakelawn Place offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A 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.
240 West Lakelawn Place goes above and beyond to provide sought-after conveniences and desirable perks, including availability 24 hours. Renters looking for popular or luxurious features will find them here—and for that reason, 240 West Lakelawn Place receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
240 West Lakelawn Place 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 240 West Lakelawn Place does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

240 West Lakelawn Place is great for:

Social life

  • 292 restaurants within 1 mile of this property
  • 42 local event hubs within 1 mile
  • Area has 46 parks and recreation options
  • 114 museums, art galleries, or cultural centers within 1 mile

Work-from-home

  • High speed internet is an amenity
  • 5 coworking spaces or cafes within 1 mile
  • 3 internet service provider options nearby
  • 1 office supply store within 1 mile

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 240 West Lakelawn Place compares to other nearby properties.

Positives

Less expensive
Studio units are cheaper than other similar listings nearby
Less expensive
The 1-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
Greater distance from high schools
The nearest high school is farther than 1 mile away
Greater distance from middle schools
The nearest middle school is farther than 1 mile away

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Rent trends in Madison

Studio apartments at 240 West Lakelawn Place cost about 17% less than the average rent price for studios in Madison.

1-bedroom apartments here are priced 29% lower than 1-bedrooms in Madison.

Median rents as of May 16 2026.
Madison
A table of studio rental data trends in Madison
MonthMedian Rent
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$1,165
November 2025$1,195
December 2025$1,195
January 2026$1,217
February 2026$1,257
March 2026$1,267
April 2026$1,276
May 2026$1,209

Affordability calculator

Can I afford to live at 240 W Lakelawn Pl?

Bedrooms

Rent-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

$39,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $39,800 annually to afford this studio monthly rent price of $995.
For more information on rent affordability, visit our rent calculator.

Schools near 240 West Lakelawn Place

4K PK Off Site

545 w dayton st

madison, WI, 53703

PKPublic

Randall Elementary School

1802 regent st

madison, WI, 53726

3-5Public
A-

Franklin Elementary School

305 w lakeside st

madison, WI, 53715

PK, K-2Public
B+

Mendota Mental Health Institution

301 troy dr

madison, WI, 53704

PK, K-12Public

Forest Edge Elementary School

4848 brassica rd

fitchburg, WI, 53711

PK, K-6Public
A-
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Internet available near 240 West Lakelawn Place

Getting around Madison near 240 W Lakelawn Pl

Walking

4/10
Some shops and stores are within a few minutes.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

4/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 240 W Lakelawn Pl, Madison

Groceries

8/10
At least one supermarket within a 10-minute walk

Shopping

4/10
Several shops within walking distance

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

7/10
Variety of restaurants within a few minutes' walk

Primary schools

6/10
At least one elementary school within a 20-minute walk

High schools

3/10
At least one high school within a 30-minute walk

Nightlife

3/10
Some bars within walking distance

Explore the area around 240 W Lakelawn Pl

Royal Mart
340 State St
Triangle Market
302 State St
Capitol Centre Market
111 N Broom St
Fresh Madison Market
703 University Ave
Twentieth Century Markets, Incorpor
150 E Gilman St

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