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515 State Street stands out as a strong rental option with an 8.4 Zumper Expert Rating, pairing excellent price, amenities, and location scores with solid quality and trustworthiness. It also offers appealing features like balcony access, spacious floor plans, remodeled units, and off-street parking, plus a notable photo set and strong value per square foot. Nearby restaurants, parks, cultural spots, and entertainment venues add to its appeal for an active social lifestyle.
Things you’ll love
More spaceBalconyEco-friendly trash disposalGreat for
Social life| One Bed, One Bath | 1 bed | 1 bath | 655 sqft | $1,311 /mo | 1 unit available | ||
| One Bed, One Bath Remodeled | 1 bed | 1 bath | 675 sqft | $1,393 /mo | 2 units available | You'll love living in this central, downtown, State Street location. Choose between 1, 2, or 3 bedroom apartments with spacious floor plans and great views of State Street, the Capitol, and Gilman Street. Remodeled units are available and some feature a shared patio or balcony facing State Street. Coin-operated laundry and storage is located in the basement and off street parking is available. | |
| Two Bed, One Bath Remodeled | 2 bed | 1 bath | 920 sqft | $2,163 /mo | 3 units available | You'll love living in this central, downtown, State Street location. Choose between 1, 2, or 3 bedroom apartments with spacious floor plans and great views of State Street, the Capitol, and Gilman Street. Remodeled units are available and some feature a shared patio or balcony facing State Street. Coin-operated laundry and storage is located in the basement and off-street parking is available. | |
| Three Bedroom, Two Bath | 3 bed | 2 bath | 1,220 sqft | $3,236 /mo | 2 units available |
Let's explore this property.
Apartment Amenities
| Balcony | Trash |
| Water |
Appliances
| Dishwasher | Microwave |
| Oven/Range | Refrigerator |
| Stainless Steel Appliances |
Building
| Sewer |
One-time.
One-time. Refundable.
| Units | 15 |
|---|
- You'll love living in this central, downtown, State Street location. Choose between 1, 2, or 3 bedroom apartments with spacious floor plans and great views of State Street, the Capitol, and Gilman Street. Remodeled units are available and some feature a shared patio or balcony facing State Street. Coin-operated laundry and storage is located in the basement and off street parking is available.- You'll love living in this central, downtown, State Street location. Choose between 1, 2, or 3 bedroom apartments with spacious floor plans and great views of State Street, the Capitol, and Gilman Street. Remodeled units are available and some feature a shared patio or balcony facing State Street. Coin-operated laundry and storage is located in the basement and off-street parking is available.
How 515 State Street compares to other nearby properties.
Positives
Considerations
1-bedroom apartments here are priced 7% lower than 1-bedrooms in Downtown Madison.
If you decide to upgrade your space, you can expect 2-bedrooms at 515 State Street to be 3% more than the average for similarly sized apartments in Downtown Madison.
3-bedroom apartments at 515 State Street cost about 27% more than the average rent price for 3-bedroom apartments in Downtown Madison.
| Month | Median Rent |
|---|---|
| November 2024 | $1,212 |
| 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 |
| November 2026 | $1,190 |
| Month | Median Rent |
|---|---|
| November 2024 | $1,155 |
| 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 |
| June 2026 | $1,117 |
| July 2026 | $1,111 |
| August 2026 | $1,138 |
| September 2026 | $1,128 |
| October 2026 | $1,151 |
| November 2026 | $1,135 |
Can I afford to live at 515 State St?
Bedrooms
Rent-to-income ratio
30%
$54,080/yr
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2 Craig Avenue
2–3 Beds
$1,476
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
Tenney-Lapham • 720 E Washington Ave
Studio–3 Beds
$1,818–$6,242
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.Tenney-Lapham • 719 E Johnson St
Studio–3 Beds
$1,499–$2,995
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.633 N Henry St
1 Bed
$2,199
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Marquette • 10 S Paterson St
Studio–3 Beds
$1,500–$5,264
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Downtown Madison • 437 W Gorham St
1 Bed
$1,999–$2,050
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.4702 Madison Yards Way
Studio–2 Beds
$1,596–$5,462
Total Monthly Price. The price shown reflects a 14-month lease and includes base rent and all known required monthly fees, based on information provided by the property.6822 Schroeder Rd
Studio–2 Beds
$1,025–$1,700
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.2 Craig Avenue
2–3 Beds
$1,476
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Tenney-Lapham • 720 E Washington Ave
Studio–3 Beds
$1,818–$6,242
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.Tenney-Lapham • 719 E Johnson St
Studio–3 Beds
$1,499–$2,995
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.633 N Henry St
1 Bed
$2,199
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Marquette • 10 S Paterson St
Studio–3 Beds
$1,500–$5,264
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Downtown Madison • 437 W Gorham St
1 Bed
$1,999–$2,050
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.4702 Madison Yards Way
Studio–2 Beds
$1,596–$5,462
Total Monthly Price. The price shown reflects a 14-month lease and includes base rent and all known required monthly fees, based on information provided by the property.6822 Schroeder Rd
Studio–2 Beds
$1,025–$1,700
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
