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modified
1 Day Ago

Highlights

  • Balcony
  • Spacious floor plans
  • Off-street parking
  • Remodeled units
  • Off street parking
  • Coin-operated laundry

Location

515 State St, Madison, WI 53703, USA|Downtown Madison
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Contact

Management

Quarry Town Manager II, LLC

Leasing office

(608) 819-6500

Property Overview

515 State Street presents an excellent rental opportunity, underscored by a Zumper expert rating of 8.8/10, reflecting its strong value and amenities. With standout features like spacious floor plans, balconies, and off-street parking, it excels in location with easy access to 329 restaurants and ample recreational options. Additionally, the transparency in its management fosters trust, enhanced by high scores for price and amenities, making this property an attractive choice for various lifestyles.

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

8.8
Very Good
With a solid 8.8 out of 10 overall, 515 State Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 515 State Street 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

  • More space
  • Images Available

Great for

  • Wellness
  • Social life

Floor plans

One Bed, One Bath1 bed1 bath655 sqft$1,360 /mo1 unit availableYou'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 Remodeled1 bed1 bath675 sqft$1,460 /mo1 unit availableYou'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 Remodeled2 bed1 bath920 sqft$2,160 /mo2 units availableYou'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.

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Amenities for 515 State Street

Apartment Amenities

TrashWater

Appliances

DishwasherMicrowave
Oven/RangeRefrigerator
Stainless Steel Appliances

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

Building details

Property details

Units15
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About 515 State Street

HomeApartments in MadisonDowntown Madison 515 State Street

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.


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.
8.8
/10
Very Good
With a solid 8.8 out of 10 overall, 515 State Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 515 State Street 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 515 State Street
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.
515 State Street 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.
515 State Street goes above and beyond to provide sought-after conveniences and desirable perks, including sewer. Renters looking for popular or luxurious features will find them here—and for that reason, 515 State Street 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.
515 State Street 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·7A 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 it may not have as many distinctive features as similar properties in the surrounding area, renters can trust 515 State Street to provide reasonable accomodations and accurate details about its community.
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.

515 State Street is great for:

Wellness

  • 52 parks nearby
  • 43 health/wellness centers nearby
  • 49 gyms or yoga centers nearby
  • 39 sports facilities (like tennis courts) nearby

Social life

  • 329 restaurants within 1 mile of this property
  • Area has 52 parks and recreation options
  • 340 mixed-use spaces nearby
  • 121 museums, art galleries, or cultural centers 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 515 State Street compares to other nearby properties.

Positives

More space
The 1-bedroom is 50 sqft larger than other 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

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Rent trends in Downtown Madison

1-bedroom apartments here are priced 6% 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 2% more than the average for similarly sized apartments in Downtown Madison.

Median rents as of Nov 22 2025.
Downtown Madison
Madison
A table of studio rental data trends in Madison
MonthMedian Rent
December 2023$1,150
January 2024$1,150
February 2024$1,150
March 2024$1,256
April 2024$1,225
May 2024$1,257
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$1,182
A table of studio rental data trends in Downtown Madison
MonthMedian Rent
December 2023$970
January 2024$964
February 2024$1,101
March 2024$1,098
April 2024$1,083
May 2024$1,195
June 2024$1,145
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$1,162

Affordability calculator

Can I afford to live at 515 State St?

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

$56,400/yr

With your selected rent-to-income ratio, you'd ideally want to make $56,400 annually to afford this 1-bedroom median monthly rent price of $1,410.
For more information on rent affordability, visit our rent calculator.

Schools near 515 State Street

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+
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Internet available near 515 State Street

Getting around Madison near 515 State St

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
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.

Transit

8/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Points of interest for 515 State St, Madison

Groceries

9/10
At least one supermarket within a 10-minute walk

Shopping

5/10
Several shops within walking distance

Cafes

6/10
Several 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

8/10
Large amount of park space nearby

Nightlife

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

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