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515 State Street earns a strong overall rating, with standout marks for price, amenities, and location, plus solid quality and trustworthiness scores. It offers balconies, spacious remodeled units, and off-street parking, and it is noted for nearby dining, parks, event hubs, fitness and wellness options, and grocery access.
Things you’ll love
More spaceDishwasherImages AvailableGreat for
Social life
Wellness| One Bed, One Bath | 1 bed | 1 bath | 655 sqft | $1,430 /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. | |
| One Bed, One Bath Remodeled | 1 bed | 1 bath | 675 sqft | $1,520 /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. | |
| Two Bed, One Bath Remodeled | 2 bed | 1 bath | 920 sqft | $2,360 /mo | 4 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 | $3,530 /mo | 3 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 2% 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 18% more than the average for similarly sized apartments in Downtown Madison.
3-bedroom apartments at 515 State Street cost about 37% more than the average rent price for 3-bedroom apartments in Downtown Madison.
| Month | Median Rent |
|---|---|
| October 2024 | $1,186 |
| 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 |
| June 2026 | $1,258 |
| July 2026 | $1,297 |
| August 2026 | $1,308 |
| September 2026 | $1,175 |
| Month | Median Rent |
|---|---|
| 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 |
| June 2026 | $1,117 |
| July 2026 | $1,111 |
| August 2026 | $1,138 |
| September 2026 | $1,128 |
Can I afford to live at 515 State St?
Bedrooms
Rent-to-income ratio
30%
$59,000/yr
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$1,818–$6,499
Tenney-Lapham • 719 E Johnson St
Studio–3 Beds
$1,650–$2,995
Downtown Madison • 437 W Gorham St
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$1,999–$2,050
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Studio–2 Beds
$995–$1,625
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Studio–2 Beds
$1,699–$5,339
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$1,250–$3,333
