Zumper
modified
16 Hours Ago

Highlights

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

Location

515 State Street, Madison, Wisconsin 53703, United States|Downtown Madison
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Contact

Management

Quarry Town Manager II, LLC

Leasing office

(608) 819-6500

Property Overview

515 State Street receives an impressive Zumper expert rating of 8.8, highlighting its excellent balance between price and value at a perfect price rating of 10. With a strong emphasis on quality amenities, including spacious floor plans and off-street parking, along with a prime location near numerous restaurants, parks, and fitness options, this property is particularly appealing for those seeking an active social lifestyle. Additionally, the transparency and detailed presentation of the property contribute to its trustworthiness and attractiveness to potential renters.

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
  • Dishwasher
  • Images Available

Great for

  • Social life
  • Wellness

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.

Let's explore this property.

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

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
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:

Social life

  • 320 restaurants within 1 mile of this property
  • Area has 49 parks and recreation options
  • 321 mixed-use spaces nearby
  • 110 museums, art galleries, or cultural centers within 1 mile

Wellness

  • 45 health/wellness centers nearby
  • 49 parks nearby
  • 41 gyms or yoga centers nearby
  • 28 sports facilities (like tennis courts) 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 515 State Street compares to other nearby properties.

Positives

More space
The 1-bedroom is 50 sqft larger than other listings nearby
Dishwasher
Dishwasher available in kitchen
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.

Median rents as of Jan 10 2026.
Downtown Madison
Madison
A table of studio rental data trends in Madison
MonthMedian Rent
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$1,195
December 2025$1,195
January 2026$1,210
A table of studio rental data trends in Downtown Madison
MonthMedian Rent
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$1,181
December 2025$1,250
January 2026$1,246

Affordability calculator

Can I afford to live at 515 State Street?

Bedrooms

1 bedroom

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 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
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 Street, 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

Explore the area around 515 State Street

Royal Mart
340 State St
Triangle Market
302 State St
Capitol Centre Market
111 N Broom St
Bassett Food Mart
41 S Bassett St
Twentieth Century Markets, Incorpor
150 E Gilman St

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