PELOTON RESIDENCES, LLC - Phase 1
1008 S Park St,
Madison, WI 53715
$1,565 - $3,200
Studio - 2 Beds
Bay Creek
Madison, WI
Bay Creek - Madison, WI Area Guide
A lakeside neighborhood with easy access to the University of Wisconsin
Great Location
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Entertainment
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Restaurants
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Diverse
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University
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Entertainment
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Nestled between Lake Wingra and Lake Monona, Bay Creek is one of Madison’s best neighborhoods. Only six minutes away from Downtown Wisconsin and the University of Wisconsin, Bay Creek is a popular neighborhood for students, faculty, staff, professionals, and families. This diverse neighborhood balances suburban and urban landscapes with scenic waterfront parks, abundant amenities, and easy access to the city’s biggest destinations. Olin Park has romantic views of the Madison Skyline, Goodman Park is great for families, and the University of Wisconsin-Madison Arboretum offers nature classes and hiking trails.
Medical offices, grocers, retailers, and global eateries reside along U.S. Highway 151. Bay Creek’s biggest allure is its proximity to Madison’s biggest dining, shopping, and entertainment venues. The neighborhood is convenient to the Alliant Energy Center, the Overture Center, the Madison Museum of Contemporary Art, and more. This centrally located community is great for renters of all ages with affordable to upscale houses and apartments available for rent.
Rent Trends
As of March 2026, the average apartment rent in Bay Creek is $1,580 for a studio, $1,660 for one bedroom, and $2,038 for two bedrooms. Apartment rent in Bay Creek has decreased by -0.9% in the past year.
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Studio
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573 sq ft
Average Sq Ft
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$1,580/month
Average Rent
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1 BR
-
649 sq ft
Average Sq Ft
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$1,660/month
Average Rent
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2 BR
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781 sq ft
Average Sq Ft
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$2,038/month
Average Rent
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Bay Creek - Madison, WI is for everyday living.
Very Walkable
77
/ 100
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Some Transit
36
/ 100
You'll likely want a car when living in this area since it has few transit options.
Biker's Paradise
99
/ 100
Do you prefer to get around on two wheels? You’ll love living in this neighborhood, which is considered a biker’s paradise.
Scores provided by Walk Score
Points of Interest
Shopping Centers
Parks and Recreation
- Turville Point Park
- Henry Vilas Zoo
- UW Zoological Museum
- UW-Madison Geology Museum
- Ice Age National Scenic Trail
Commuter Rail
Military Bases
Airports
- Dane County Regional/Truax Field
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Methodology
† 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 2026.