Virtue
531 West Washington Avenue,
Madison, WI 53703
$1,705 - $3,890 | Studio - 3 Beds
Its modern comforts, accessibility, and urban environment are all alluring qualities of Downtown Madison. This neighborhood is home to the University of Wisconsin-Madison campus, as well as the school’s free attractions like the Botanical Garden and the Chazen Museum of Art. Henry Vilas Zoo offers complimentary admission too, just minutes from Downtown Madison luxury apartments.
A short distance from the zoo, residents are comforted by a wide range of cuisines – especially in Bay Creek. Bernie’s Beach Park is nearby, providing locals scenic views of Monona Bay. The Wisconsin State Capitol resides in Downtown Madison, in walking distance of museums and the Orpheum Theater that complete the art district. Across from the capitol is the Dane County’s Farmers Market, where locals gather to explore its fresh flower bouquets and produce.
As of March 2025, the average apartment rent in Downtown Madison is $1,168 for a studio, $1,550 for one bedroom, $2,217 for two bedrooms, and $2,743 for three bedrooms. Apartment rent in Downtown Madison has increased by 1.7% in the past year.
Studio
424 sq ft
Average Sq Ft
$1,168/month
Average Rent
1 BR
649 sq ft
Average Sq Ft
$1,550/month
Average Rent
2 BR
951 sq ft
Average Sq Ft
$2,217/month
Average Rent
3 BR
1,098 sq ft
Average Sq Ft
$2,743/month
Average Rent
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.