Zumper
modified
Updated 9 Hours 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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Tour 240 West Lakelawn Place

Contact

Management

43 NORTH APARTMENTS

Leasing office

(844) 329-3784 ext. 6605

Property Overview

240 West Lakelawn Place offers strong value with an 8.6 Zumper Expert Rating, especially for its competitive pricing, solid amenities, and convenient location. It also stands out for generous closet and storage space, pristine wood floors, a common area kitchen, and pet-friendly living, with plenty of nearby dining, cultural, recreation, and work-from-home options.

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
  • Extra storage
  • Images Available

Great for

  • Work-from-home
  • Pet owners
  • Social life

Floor plans

240 West Lakelawn Place - 7Studio1 bath$1,075 /moWelcome to 240 W. Lakelawn Place - Unit 7, a spacious studio layout with one bathroom, 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 - 5Studio1 bath245 sqft$1,095 /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$1,095 /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.
240 West Lakelawn Place - 61 bed1 bath$1,095 /moWelcome to 240 W. Lakelawn Place - Unit 6, a spacious one bed 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. SEPARATE KITCHEN AND SEPARATE PRIVATE BATHROOM.

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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

Units4

About 240 West Lakelawn Place

HomeApartments in Madison 240 West Lakelawn Place

Welcome 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.


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:

Work-from-home

  • High speed internet is an amenity
  • 4 internet service provider options nearby
  • 4 coworking spaces or cafes within 1 mile

Pet owners

  • 1 dog park within 1 mile

Social life

  • 259 restaurants within 1 mile of this property
  • Area has 43 parks and recreation options
  • 93 museums, art galleries, or cultural centers within 1 mile
  • 23 theaters, music venues, or sports arenas nearby

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
The 1-bedrooms are cheaper than other similar listings nearby
Extra storage
In-unit features
Images Available
There are at least 10 photos of this property

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 1.2 miles away
Greater distance from high schools
The nearest high school is farther than 1.2 miles away
Greater distance from middle schools
The nearest middle school is farther than 0.6 miles away

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Rent trends in Madison

Studio apartments at 240 West Lakelawn Place cost about 9% less than the average rent price for studios in Madison.

1-bedroom apartments here are priced 27% lower than 1-bedrooms in Madison.

Median rents as of Oct 31 2026.
Madison
A table of studio rental data trends in Madison
MonthMedian Rent
November 2024$1,208
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$1,213
June 2026$1,258
July 2026$1,297
August 2026$1,308
September 2026$1,175
October 2026$1,194

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

$43,400/yr

With your selected rent-to-income ratio, you'd ideally want to make $43,400 annually to afford this studio median monthly rent price of $1,085.
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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Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Madison near 240 W Lakelawn Pl

Walking

9/10
No car? No problem. Everything you need is within a few blocks.

Driving

3/10
Roads are accessible, but parking may be a challenge.

Cycling

7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

5/10
Frequent public transit options are within walking distance.

Points of interest for 240 W Lakelawn Pl, Madison

Groceries

8/10
Wide variety of groceries within a few minutes' walk

Shopping

8/10
Wide variety of shops within a few minutes' walk

Cafes

10/10
Exceptional variety of cafés within a few minutes’ walk

Restaurants

9/10
Wide variety of restaurants within a few minutes’ walk

Primary schools

7/10
At least one elementary school within a 15-minute walk

High schools

7/10
At least one high school within a 15-minute walk

Parks

7/10
Large amount of park space nearby

Nightlife

9/10
Exceptional variety of bars right within a few minutes’ walk

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
Sconnie Nation
521 State St
Underground Prnting
521 State St
Urban Outfitters
604 State St
Raven Fjall Retail Lic
559 State St
Rethreads LLC
410 State St
Supercharge! Juice Bar & Urban Farm
502 State St
Poindexter Coffee
601 Langdon St
Kung Fu Tea
449 State St
Colectivo Coffee
583 State St
Grace Coffee Co
417 State St
Qdoba Mexican Eats
548 State St
Camp Trippalindee
601 Langdon St
Mondays
523 State St
Azara Hookah
429 State St
Dannys Pub
322 W Gorham St
Dough Baby Bakery LLC
511 State St
Mad Seafood Boiler
201 W Gorham St
Fresh Madison Market
703 University Ave
Clary's Gourmet Popcorn
105 State St
Dane County Farmers Market
2 E Main St
Elizabeth Link Peace Park
Park
Inspiration Garden
Creativity Garden
Alumni Park
Mac Taggarts Market
230 W Lakelawn Pl
Samba Brazilian Grill
240 W Gilman St
Side Door Grill & Tap
240 W Gilman St
Taco Bell Cantina
534 State St
Steep & Brew
544 State St
W Gorham / State
Route D, Route 28
State Street
Rapid Route A, Route B, Route F
N Broom / W Gorham
Route C, Route 38, Route 65
State / W Gorham
Route R
N Lake / Langdon
Route 80

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