Zumper
modified
1 Day Ago

Highlights

  • Large walk-in closet
  • Two-bedroom + den unit
  • Furnished
  • Essentials
  • Built in closet organizers
  • Den

Location

505 University Avenue, Madison, Wisconsin 53703, United States|Downtown Madison
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Contact

Management

Shorewood Apartments LLC

Leasing office

(608) 256-7368

Property Overview

Embassy stands out as a compelling option for renters, with a Zumper Expert Rating of 7.4, reflecting its strong balance of price and value, rated at 7 out of 10. It offers impressive amenities (8/10) and an exceptional location (9/10), boasting proximity to parks, restaurants, and public transit. Notable features include a large walk-in closet, a den, and essential furnishings, highlighting its suitability for those seeking quality living while emphasizing environmentally sustainable options and an active social scene.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

7.4
Very Good
Embassy is worth considering and a notable rental in the neighborhood. Residents prioritizing Location 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.

Great for

  • Eco living
  • Social life

Floor plans

3BR/2.0BA3 bed2 bath925 sqft$3,450–$3,500 /mo3 units availableWith two bathrooms and a large walk-in closet this two-bedroom + den unit offers all the space you need to enjoy all Madison has to offer. Furnished with a couch, coffee table, and barstools this apartment has all the essentials needed to make your apartment feel just like home. Each bedroom comes standard with full-sized bunkable beds and built in closet organizers! The den provides that extra space you need for an added hangout or study space. Rent increases by $125 per additional person per month after 3 tenants, maximum of 4 tenants.

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Policies and fees

Building details

Property details

Units126
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About Embassy

HomeApartments in MadisonDowntown Madison Embassy

With two bathrooms and a large walk-in closet this two-bedroom + den unit offers all the space you need to enjoy all Madison has to offer. Furnished with a couch, coffee table, and barstools this apartment has all the essentials needed to make your apartment feel just like home. Each bedroom comes standard with full-sized bunkable beds and built in closet organizers! The den provides that extra space you need for an added hangout or study space. Rent increases by $125 per additional person per month after 3 tenants, maximum of 4 tenants.


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.
7.4
/10
Very Good
Embassy is worth considering and a notable rental in the neighborhood. Residents prioritizing Location 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.
How we rated Embassy
Price·7A 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.
While the monthly rent is more than the median price per bedroom of nearby properties, Embassy has other amenities and features that might compensate for the increased price. The higher monthly rent potentially reflects a higher quality of living that renters might find here, compared to other properties in the area.
Amenities·8A 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.
With multiple in-demand amenities, Embassy is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Embassy 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 Embassy 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.
Embassy 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.

Embassy is great for:

Eco living

  • 53 parks within a mile
  • Public transit available nearby
  • You can get around by foot in this area

Social life

  • 334 restaurants within 1 mile of this property
  • Areas nearby are accessible by walking
  • Area has 53 parks and recreation options
  • The area has transit options

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 Embassy compares to other nearby properties.

Considerations

Greater distance from high schools
The nearest high school is farther than 1 mile away
Greater distance from grade schools
The nearest elementary school is farther than 1 mile away

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Rent trends in Downtown Madison

3-bedroom apartments at Embassy cost about 38% more than the average rent price for 3-bedroom 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 505 University Avenue?

Bedrooms

3 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

$138,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $138,000 annually to afford this 3-bedrooms monthly rent price of $3,450.
For more information on rent affordability, visit our rent calculator.

Schools near Embassy

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 Embassy

Getting around Madison near 505 University Avenue

Walking

9/10
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 505 University Avenue, Madison

Groceries

8/10
At least one grocery store within a few minutes' walk

Shopping

7/10
Variety of shops within walking distance

Cafes

6/10
Variety of cafés within walking distance

Restaurants

8/10
Variety of restaurants within a few minutes' walk

Primary schools

6/10
At least one elementary school within a 20-minute walk

High schools

6/10
At least one high school within a 20-minute walk

Parks

7/10
Moderate amount of park space nearby

Nightlife

10/10
Variety of bars right on the street

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