2 Days Ago
Highlights
- Hardwood floors
- Off-street parking
- Large windows
Location
414 State Street, Madison, Wisconsin 53703, United States|Downtown Madison
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Property Overview
SSPM - A offers strong overall value with a 7.9/10 expert rating and excellent scores for price, amenities, and location, placing it in the top tier locally for value for money. Hardwood floors, large windows, and off-street parking support comfortable everyday living, while extensive nearby dining, cultural, wellness, and work-friendly options make it appealing for those prioritizing productivity, health, and an active social life.
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
Great for
Work-from-home
Social life
Wellness
Floor plans
| 1-bed / 1-bath B | 1 bed | 1 bath | 500 sqft | $1,240 /mo | 1 unit available | These studios and 1 bedroom apartments are located above August Shop on State Street. Each apartment has charm and character, with many units featuring hardwood floors, large windows, and views of the Capitol. Off-street parking is available nearby. |
Let's explore this property.
Amenities for SSPM - A
Apartment Amenities
| Central Heat | Hardwood Floor |
| Heating | Hot Water |
| Trash |
Appliances
| Oven/Range | Refrigerator |
Building
| Sewer |
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.
Contact Property
Building details
Property details
| Units | 3 |
|---|
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About SSPM - A
These studios and 1 bedroom apartments are located above August Shop on State Street. Each apartment has charm and character, with many units featuring hardwood floors, large windows, and views of the Capitol. Off-street parking is available nearby.
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.
7.9
/10
Very GoodSSPM - A is worth considering and a notable rental in the neighborhood. Residents prioritizing Amenities will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
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, SSPM - A is a great option for renters looking for apartments in Downtown Madison. 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·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.
SSPM - A goes above and beyond to provide sought-after conveniences and desirable perks, including hot water. Renters looking for popular or luxurious features will find them here—and for that reason, SSPM - A 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.
SSPM - A 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 SSPM - A 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.
SSPM - A 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.
SSPM - A 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 SSPM - A compares to other nearby properties.
Positives
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
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
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Downtown Madison
1-bedroom apartments at SSPM - A cost about 24% less than the average rent price for 1-bedroom apartments in Downtown Madison.
Median rents as of May 30 2026.
Downtown Madison
Madison
| Month | Median Rent |
|---|---|
| June 2024 | $1,309 |
| 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 | $1,213 |
| Month | Median Rent |
|---|---|
| June 2024 | $1,134 |
| July 2024 | $1,093 |
| August 2024 | $1,148 |
| September 2024 | $1,136 |
| October 2024 | $1,100 |
| November 2024 | $1,122 |
| December 2024 | $1,217 |
| January 2025 | $1,223 |
| February 2025 | $1,218 |
| March 2025 | $1,196 |
| April 2025 | $1,235 |
| May 2025 | $1,280 |
| June 2025 | $1,265 |
| July 2025 | $1,288 |
| August 2025 | $1,166 |
| September 2025 | $1,125 |
| October 2025 | $1,127 |
| November 2025 | $1,181 |
| December 2025 | $1,250 |
| January 2026 | $1,242 |
| February 2026 | $1,251 |
| March 2026 | $1,250 |
| April 2026 | $1,260 |
| May 2026 | $1,105 |
Affordability calculator
Can I afford to live at 414 State Street?
Bedrooms
1 bedroomRent-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
$49,600/yr
With your selected rent-to-income ratio, you'd ideally want to make $49,600 annually to afford this 1-bedroom monthly rent price of $1,240.
For more information on rent affordability, visit our rent calculator.
Schools near SSPM - A
4K PK Off Site
545 w dayton st
madison, WI, 53703
PKPublic
Franklin Elementary School
305 w lakeside st
madison, WI, 53715
PK, K-2Public
B+
Randall Elementary School
1802 regent st
madison, WI, 53726
3-5Public
A-
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 SSPM - A
Getting around Madison near 414 State Street
Walking
10/10
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
8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
7/10
Popular public transit options are just a short walk from this location.
Points of interest for 414 State Street, Madison
Groceries
9/10
At least one supermarket within a 5-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
6/10
Several cafés within a few minutes’ walk
Restaurants
8/10
Wide variety of restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
8/10
At least one high school within a 10-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
10/10
Exceptional variety of bars right within a few minutes’ walk
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